Presenting a comprehensive recap of the week’s highlights, spanning from top news to market performance, here’s your market wrap for the week concluding on June 28, 2024. Source link
mutual funds
Raghuram Rajan, former governor of the Reserve Bank of India (RBI), on Monday warned of fake videos circulating on several social media platforms falsely claiming to feature investment advice given by him. He also urged investors to disregard these fake videos where he has touted specific stocks and investments. Rajan, […]
Top News Open ended equity mutual funds witnessed inflows of Rs. 17,990 crore in May 2024. The net Asset Under Management (AUM) of the overall mutual fund industry stood at ₹25.39 lakh crore. Shares of Le Travenues Technology got listed at a premium of 48.49% over the issue price of […]
Analysts at ICICI Securities believe that the government policy direction would remain broadly consistent after the formation of a coalition government at the center by BJP along with its allies, securing a third term for Prime Minister Narendra Modi. In the quarter ended March 2024, at the Nifty index levels […]
Top News Securities and Exchange Board of India (SEBI) in its recent circular states that the non-submission of ‘choice of nomination’ shall not result in freezing of Demat Accounts as well as Mutual Fund Folios. SIP inflows jumped 42% on Y-o-Y basis to ₹20,904 crore in May 2024 compared to […]
Top News India’s foreign exchange reserves (Forex) increased by USD 4.83 billion to reach USD 651.5 billion for the week ending May 31, 2024. The IPO of Kronox Lab Sciences got oversubscribed by 117.25 times. Sundaram AMC has launched the NFO for Sundaram Business Cycle Fund. The NFOs closes on […]
Top News Indian market capitalization reached up to $5 trillion as a result of domestic markets growing by $1 trillion in under 6 months. Shares of Awfis Space Solutions got listed at a premium of 13% over issue price of ₹383. JM AMC, Motilal Oswal AMC, Mahindra Manulife and Helios […]
This move is attributed to multiple factors, including high valuations in the Indian market, a shift in investment focus towards China and Hong Kong due to their comparatively lower valuations, delays in anticipated interest rate cuts by the US Federal Reserve, rising US bond yields, heightened tensions in the Middle […]
Top News SEBI has issued regulations requiring listed entities to verify market rumours following significant price movements. Unaffected prices will be considered for transactions within 24 hours of confirming a rumour, excluding its impact on share prices. This framework applies to top 100 listed entities from June 01, 2024, and […]
Top News India’s foreign exchange reserves (Forex) increased by USD 2.56 billion to reach USD 644.15 Billion for the week ending May 10. Shares of Indegene got listed at a premium of 45% over issue price of ₹452 and shares of TBO Tek got listed at a premium of 55% […]