Top Talks of the week :
Nifty touched a New High
June 28 was a historic day for the market as the Nifty50 touched a new milestone of 19,000. The overall trend for the Nifty index is expected to remain positive.
RBI’s latest Financial Stability Report
The performance of the Indian markets is a reflection of the strength of the Indian economy and its improving growth prospects. It points to the sharp rebound among foreign institutional investors who have made net purchases of US$ 11.6 billion since March 2023 (till June 23, 2023)
Targets Increased in these stocks by Foreign Bkg Houses
Bharat Electronics, Tata Motors, ITC, ICICI Prudential Life Insurance Company and Piramal Enterprises are among the stocks in which foreign research houses raise the target price
Finfluencers to be banned for Finance Industry like- MF, Stock Brokers etc
Currently, many finfluencers make a large part of their revenue by sharing promotional/referral links of broking platforms, mostly in their content descriptions. While a recent communication from the exchanges have asked regulated entities such as brokerages not to advertise through celebrity finfluencers—those with over a million followers
Market Rebounds Strongly, Achieving New Milestones and Boosting Investor Sentiment...
The market rebounded from the previous week's losses and recorded a gain of nearly 3 percent in the week ending June 30. The benchmark indices achieved significant milestones, supported by a strong resurgence of foreign institutional investors. Additionally, the narrowing current account deficit and positive progress of the southwest monsoon further bolstered investor confidence.
The market witnessed a remarkable recovery as it erased the losses from the previous week and achieved a substantial gain of nearly 3 percent in the week ending June 30. This impressive performance was driven by several key factors, including the resurgence of foreign institutional investors, a narrowing current account deficit, and positive progress in the southwest monsoon. Let's delve deeper into the details of this noteworthy week in the financial landscape.
Another factor that played a crucial role in boosting the market was the narrowing current account deficit. A reduced current account deficit signifies a healthier balance of payments for a country, indicating stability in its economic fundamentals. This positive development instilled confidence among investors and encouraged them to engage more actively in the market.
Conclusion: The week ending June 30 showcased an impressive rebound in the market, with gains of nearly 3 percent. The return of foreign institutional investors, along with the narrowing current account deficit and positive progress of the southwest monsoon, acted as key drivers behind this remarkable performance. The BSE Sensex and Nifty50 also achieved new record highs, highlighting the strength and resilience of the market. As investors continue to closely monitor these developments, it will be interesting to observe how these factors shape the future trajectory of the financial landscape.
Stock in News :
Experts believe that Ideaforge Technology enjoys a significant first-mover advantage in the drone manufacturing industry. It has made history by becoming the first IPO to receive subscriptions of over 100 times within just 18 months. Qualified institutional investors (QIIs) played a pivotal role, with their reserved portion being oversubscribed by an impressive 125.81 times.
Tata Mutual Fund has recently made an announcement regarding Tata Small Cap (TSC) Fund. Starting from July 1, 2023, the fund will no longer accept lump sum investments and switch-ins. However, the fund house has clarified that investors can still make lump sum and switch-in investments in TSC Fund until the cut-off time on June 30, 2023.
In a recent market rally, the BSE Large-Cap index gained 2.7%, the Mid-Cap index rose nearly 3%, and the Small-Cap index added almost 2%. This positive growth across multiple segments indicates broad-based investor confidence and highlights the potential for returns across companies of different market capitalizations. Diversifying portfolios and conducting thorough research are key considerations for investors looking to capitalize on these opportunities.
Upcoming MF NFO
"Upcoming Mutual Fund NFOs: Key Points to Consider for Your Investment Decisions"
Name of Scheme
Minimum amount to invest
Axis Nifty IT Index Fund
Open Ended Index Fund
IPO This week
Cyient DLM Limited IPO (Cyient DLM ) : incorporated in 1993, Cyient DLM Limited provides Electronic Manufacturing Services (EMS) and solutions.
The company provides Electronic Manufacturing Services as Build to Print ("B2P") and Build to Specification ("B2S") services. B2P solutions involve clients providing the design for the product for which the company provides agile and flexible manufacturing services.
Opening Date -Tuesday, 27 June 2023
Closing Date - Friday, 30 June 2023
Lot Size - 56
Price - ₹250 to ₹265 per share
Trending MF Categories of the Week :
Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
Quote of the week
''Successful investing requires a balance of patience, knowledge, and the courage to seize opportunities when they arise''
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