Domestic institutional investors pumped Rs 2.3 trillion into equities during H1 CY24. Of this, mutual funds contributed 80%.
Jigar Shah of KR Choksey Securities says that Reliance Industries' results are by and large as per expectations, except the fact that the other income has gone down and there is an increase in both depreciation and tax.
Markets will see further upside, as the news flow coming in, particularly from the global front is positive.\n
With the midcap frenzy on, lets take a look at some IPOs of 2006. Investment Advisor, PN Vijay and Deven Choksey of KR Choksey Securities discuss which ones are still way above their issue price and which ones are languishing.
The proposed changes making it easier for government and businesses to buy farm land are now likely to be implemented by states, not by the central government
The total value of holdings of domestic institutional investors as a percentage of the value of FII holdings has reached its highest level in four years.
The management, however, is a bit wary about near-term performance.
Analysts expect the indices to dip further if the global macros do not stabilise
The Reserve Bank of India held its policy rate at 7.25 percent on Tuesday.
'Policy was more in line with the expectations.'
The outcome is beyond the market's expectation and will be a sentimental boost, say analysts.
Capital Goods shares ended mixed on the back of weak IIP numbers. L&T ended down 0.7% while BHEL ended with marginal gains.
Except for liquidity, which could act in favour or against the market in the short term, most market participants are bullish.
'It is only fear and speculation, without much substance, that has led to the fall.'
Modi's'Make in India' drive launched last September included laying out a model of "port-led" development that would support industrial growth.