Today’s Market Highlights: FPIs Intensify Buying as US Fed Decision Announced, Infuse ₹33,691 Crore into Indian Stock Market; September Records Year’s Highest Inflows
- September 21, 2024
- Posted by: Regent Harbor Team
- Category: Finance
Contents
Market Madness: What’s the Buzz Today?
Hey, you! Yeah, you. Wanna know what’s cookin’ in the market today? You’ve come to the right joint. Trust me, Dalal Street’s got stories to keep you hooked, and I’m here to break it all down for ya.
FPIs on a Buying Spree: Big Bucks Roll In
Indian equities are getting a massive influx of cash from Foreign Portfolio Investors (FPIs). Believe it or not, ₹33,691 crore for September alone! Heads up, this month might just log the highest inflow year-to-date. Check out the full scoop here.
Sizzling IPO Market: September’s Blitz
Got your eyes on IPOs? You should! According to RBI data, September 2024 is set to be the busiest month for public listings in 14 years, thanks to a significant push from Small and Medium Enterprises (SMEs). More details here.
Weekend Wrap: The Weekly Rollercoaster
Not following the ups and downs of stocks like a hawk? No sweat. From Torrent Power to Uno Minda, get a comprehensive recap of last week’s market highlights. It’s all in this wrap-up.
Stocks to Buy in September: Stoxbox Recommendations
Techie or Oil Baron? Doesn’t matter. Stoxbox has a list of seven ‘star stocks’ for you to bet on, including HCL Tech and BPCL. Dive into it here.
Picking Defence Stocks: Worth the Shot?
Expert advice: Get your arsenal ready with shares of Cochin Shipyard, LT, and Mazagon Dock. Defence stocks are hot and these could be your next big catch. Get the gist here.
Scandals and Controversies
SEBI Data Denied: The Madhabi Puri Buch Drama
SEBI, in a Right to Information (RTI) response, stated that data on cases where Chairperson Madhabi Puri Buch recused herself due to potential conflicts isn’t readily available. Well, well, well… Isn’t this juicy? Read the full story here.
The Fed Can’t Save Us Now
Even with a rate cut from the Fed, don’t expect the bear market to suddenly turn bullish. If the economy was already due for a recession, this probably won’t avert it. Read the bleak details here.
Commodities Corner
Oil and Gold: Wild Movements
Oil logs its second straight weekly gain, courtesy of the Fed’s supersized 50 bps rate cut. Crude prices like Brent and WTI surged by 4% over the past five days. Meanwhile, gold hit a new peak at $2,625 per ounce. Seems shiny, doesn’t it? Get more on oils and gold prices.
Gold and Silver Rates in Your City
Find out today’s rate for 10 grams of 24-karat gold and a kilogram of silver in Delhi. Click here to know more.
Cryptocurrency Chatter
What’s Next for Crypto?
From ancient shipwrecks and baby sheep to digital currency, the history of money might just give you insights into crypto’s future. Wanna get rich with dogecoins? Here’s the lowdown.
IPO Alerts
Western Carriers IPO: Not So Hot
IPO enthusiasts, heads up! Based on the grey market premium (GMP), Western Carriers isn’t looking too promising. The GMP has plummeted to ₹21 from ₹52 in just a day. Let’s keep an eye on this, shall we? Read more here.
Manba Finance IPO: The Numbers Game
Manba Finance’s IPO shares are available at a ₹60 premium in the grey market. Check out the must-know details like price and review in just 10 points. Dive in here.
The Leela Parent’s Big Move
Guess what? Schloss Bangalore, parent of The Leela hotels, filed a Draft Red Herring Prospectus (DHRP) for a ₹5,000 crore IPO. Major move, huh? Get the full scoop.
Vodafone Idea: Rebound Alert
Vodafone Idea shares rebounded from a 52-week low, closing at ₹10.52 per piece. Nuvama even predicts a 40% surge. Time to consider Voda maybe? Read more here.
Weekend Investment Tips
Buy or Sell: Monday Picks
Ace investor, Sumeet Bagadia, recommends Bharti Airtel, Nestle India, and Adani Ports for Monday. Your weekend just got a lot more interesting. Read on.
Helios Capital’s Cash Conundrum
Samir Arora from Helios Capital sheds light on the downside of hoarding cash during a market upswing. Let’s not be those guys, okay? Full story here.
Impact of Tech Glitches
Paying a ‘Price’ for Glitches
SEBI’s new circular dictates that only market infrastructure institutions (MIIs) will be liable for technical glitches, not individuals like the MDs or CTOs. Read the nitty-gritty here.
Recent IPO Listings: A Mixed Bag
Despite a bullish market fueling higher listing gains, experts warn that many recent IPOs might struggle post-listing due to weak fundamentals. Get the lowdown.
Stay tuned, stay informed, and remember, it’s the Big Apple way to stay ahead in the game!