Block deals worth over Rs 16,400 crore this week. DMart, HDFC Bank among stocks with major action
Nifty ended with a weak-on-weak decline of 0.20%. Over three dozen companies from large, mid, and smallcap segments witnessed significant block deals worth Rs 16,445 crore. HDFC Bank led with 12 block counts totaling Rs 1,821 crore.
Gold may slide lower if Middle East tension remains contained. Buy on dips
Spot gold fell for six days before rebounding on October 10 and 11, supported by hotter-than-expected US inflation data and deteriorating job market and consumer sentiments.
IPO Calendar: Hyundai India and 2 other issues set to light up primary market next week
Hyundai India’s IPO is the biggest upcoming IPO, aiming to raise over Rs 27,000 crore. Two other SME IPOs and three listings are also scheduled. Garuda Construction IPO received 7.55 times subscription. The IPO pipeline for the second half looks promising with 26 companies proposing to raise Rs 72,000 crore.
FPIs net sell domestic equities worth Rs 58,711 crore in October so far on ‘Sell India, Buy China’ trend
FPIs have been net sellers of Indian equities at Rs 58,711 crore so far in October, wiping out a substantial portion of the overall inflows in 2024 in just 8 sessions. The total investments by them now stand at Rs 41,899 crore versus Rs 1,00,245 crore at the end of September.
Concurrent Gainers: 5 stocks that gained for 5 days in a row
The Sensex declined 0.38% in the past five trading sessions, but five stocks with a market cap over Rs 2000 crore consistently increased in price.
Sebi Clarifies on Debt Sale Approval Norms Post Mkt Queries
The Securities and Exchange Board of India (Sebi) has clarified that recent amendments to debt sale approvals do not necessitate board approvals for each bond issuance but require the board to be informed prior to opening the issue, addressing operational concerns from market players.