Equity mutual funds saw a record inflow of Rs 34,697 crore in May 2024, surpassing the previous high of Rs 28,463 crore recorded in March 2022 . This significant jump reflects investor confidence in the Indian equity market, despite some uncertainties like elections. Here’s a breakdown of the […]
Share India board set the record date for their 1:5 stock split as June 27, 2024 . This means that only shareholders who hold shares of the company on that date will be eligible to receive the additional shares created by the stock split. The face value of the shares […]
The recent success of the Telugu Desam Party (TDP) and its chief, Chandrababu Naidu, in both the Lok Sabha and state assembly elections has significantly impacted the stock market. Heritage Foods, the dairy company promoted by Naidu’s family, has seen its stock prices surge, hitting a series of upper circuits […]
On June 10, NSE’s Nifty 50 closed slightly lower, down 0.13%. However, there were still some stocks that moved significantly: Top Gainers: UltraTech Cement,Grasim Industries,Powergrid Corporation,Hero MotoCorp,Nestle India. Symbol Open High Low Prev. Close LTP Volume(Shares) ULTRACEMCO 10,495.00 10,907.95 10,463.15 10,463.15 10,804.00 7,05,256 GRASIM 2,381.10 2,472.00 2,375.30 2,379.85 2,437.65 9,80,297 […]
Indian stock markets closed on a buoyant note on Friday, June 7th, 2024, with both the Sensex and Nifty achieving record highs. Key Highlights: Sensex: The Sensex surged a massive 1,619 points to settle at a record closing of 76693.This marks a significant gain and surpasses the previous record. […]
As of June 7,2024, the RBI decided to keep the Repo rate unchanged at 6.5%. This marks the eighth time in a row the rate has been held steady. Maintaining Focus on Inflation: The RBI prioritizes controlling inflation, especially considering recent food price increases.Even though overall inflation (4.83%) is within […]
On the positive side, overall sales and PC chip sales are up significantly, which is good news. This suggests their new Intel Core Ultra processors for AI PCs are gaining traction. However, the data center and network/edge device segments are showing weakness. The decline in foundry revenue is also concerning. […]
Bajaj Housing Finance (Bajaj HF), a subsidiary of Bajaj Finance, announced plans for an IPO on June 6, The filing with the stock exchange indicates a targeted issue size of ₹4,000 crore ($500 million). This is expected to be an Offer for Sale (OFS), meaning existing shareholders will be selling […]
HDFC Securities is bullish on Jyothy Labs, a stock in the FMCG (Fast Moving Consumer Goods) sector. They believe it’s a good investment opportunity and have given it a “high conviction buy” rating. Their reasoning is that the company is likely to see strong growth in sales volume, profitability, and […]
Live Indian Stock Market Nifty Update (as of Wednesday, June 5th, 2024, 2:58 PM IST) Nifty 50 is currently trading at 22,599.40, which is a significant 3.27% increase from the opening price of 22,128.35. High: 22,638.35 Low: 21,791.95 Market Analysis: The Nifty 50 is experiencing a strong rally today after […]