Monthly Archives: June 2024
-
Hyundai IPO: Files DRHP for public issue; pricing details awaited; expected to raise record $3 billion
The Indian arm of the South Korean auto major Hyundai Motor India (HMIL) has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in which the company will sell around 142.2 million shares (of the total 812 million shares) at a face value of ₹10 each.
-
Indian equity markets see FPIs’ buying interest, trim net outflows
Foreign Portfolio Investors (FPIs) halted their equity selling spree, becoming net buyers in the cash market this past week as equity markets stabilized post-poll volatility and rallied to new all-time highs, driven by expected policy continuity and an upgraded GDP growth forecast from the RBI.
-
Investor shift.SBI MF assets grow faster than bank deposits, crossing ₹10 lakh crore
Thanks to the booming equity markets and growing investment culture, the assets under management of SBI Mutual Fund are growing faster than the domestic fixed deposits of its parent, State Bank of India.
-
Indian financial markets to remain closed today on account of Bakri Id
India's currency, debt and equity markets will be closed on Monday, June 17, for a holiday. Trading will resume on Tuesday, June 18.
-
Hyundai Motor shares hit record high as investors bet on India IPO plan
Hyundai Motor Co's shares hit a record high as investors bet on the South Korean automaker's plan to list its India unit in Mumbai, which would help the company boost its presence in the world's third biggest auto market.
-
Mutual Fund houses launch thematic funds on booming manufacturing sector
The mutual fund industry is all set to ride the manufacturing wave as a theme for investment. The Prime Minister-led National Democratic Alliance is forming the government for the third time in a row and vowing to continue incentive policies to boost corporate investments.
-
Sensex, Nifty close in green; M&M, Shriram Finance, Adani Ports among top gainers
BSE Sensex closed at 76,992.77, up by 181.87 pts or 0.24 per cent, and Nifty 50 ended at 23,465.60, up by 66.70 pts or 0.29 per cent.
-
F&O Strategy: GAIL (India): Bull call spread
The stock of GAIL (India) (₹221.83) finds an immediate support at ₹209. A major support is at ₹166. The short and long-term outlook appears bright. If the current trend sustains, the stock has the potential to reach ₹261 and for that it should not break ₹194. We expect the momentum to continue for GAIL (India).
-
F&O Tracker: Outlook turns uncertain as index futures consolidate
Nifty 50 (23,466) and Bank Nifty (50,002) gained by a marginal 0.8 per cent and 0.4 per cent last week. While the derivatives data of Nifty 50 gives it a bullish inclination, Bank Nifty’s data gives more of a flattish signal. Below is an analysis.
-
Tech Query: What is the outlook for Ahluwalia Contracts (India), KRBL, Relaxo Footwears?
I have shares of Ahluwalia Contracts (India) Ltd. My purchase price is ₹815. Should I continue to hold the stock or book profit?