FPI gross buys, AUM hit all-time records in June
Gross FPI purchases reached a record high in June at ₹4.79 lakh crore ($57.48 billion), as per NSDL data. This figure is nearly double the monthly average of ₹2.32 lakh crore for the past two years.
Valuations of some infra stocks at 2006-2008 high levels
After the blistering rally in 2004-2008, most of these stocks started crashing in January 2008 triggered by the Global Financial Crisis (GFC). The recovery in infrastructure and construction-related stocks began only in 2020-2021 though many of them are still far away from their 2007-08 peaks.
RBI aims to get inflation down to 4%, don’t expect any rate cut this year: Amitabh Chaudhry, MD, Axis Bank
Axis Bank aims for sustained growth through NIM enhancement, market share expansion, and compliance strengthening under CEO Amitabh Chaudhry’s leadership.
Nifty rides with bulls, can hit 24,600: Analysts
Stocks expected to show bullishness include Reliance, ICICI Bank, LIC Housing Finance, Grasim, Praj Industries, Biocon, Apollo Tyres, Tata Motors, and BEL. Consider a moderately bullish strategy using a Bull-Call Spread for the July 4 weekly expiry.
Fresh capital raised via IPOs surges to a 9-year high, hints at private capex revival
Of the ₹33,610 crore raised by 37 companies so far in 2024, about 45%, or ₹15,190 crore, were through new shares, the highest proportion since 2015, when India Inc. raised nearly 48% fresh capital, according to data from primedatabase.com. The funds raised as fresh issues in 2024 were to either finance capital assets or retire […]
For people’s man Challa Sreenivasulu Setty, the challenge is to take high-flying SBI to newer heights
Challa Sreenivasulu Setty’s upcoming role as the chairman of State Bank of India follows a period of remarkable growth under Chairman Khara’s leadership, marked by a substantial increase in the bank’s stock price and improved asset quality.