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Amid the ongoing selling in the Indian stock markets, the growth in the demat accounts also declined in October, highlighted a report by ICICI Securities The report highlighted that after a strong four-month period where monthly additions to demat accounts exceeded 4 million, October 2024 saw a decline in new demat accounts. It also added that the total number of accounts added in October fell to 3.45 million, down from 4.36 million in September 2024. This dip breaks the streak of steady growth in demat accounts, suggesting a possible shift in <keyword id="20030258" type="General" weightage="20" keywordseo="investor-sentiment" source="keywords">investor sentiment</keyword> or market conditions. "Demat accounts additions fall below 4 million after four months After four consecutive months of more than 4 million <keyword id="23912333" type="General" weightage="100" keywordseo="Demat-account-additions" source="keywords">demat account additions</keyword> in a month," the report said. Among depositories, the Central Depository Services Limited (CDSL) maintained a strong lead in market share. In October 2024, CDSL's share of total and incremental demat accounts stood at 79% and 90%, respectively. Meanwhile, individual investor activity showed mixed trends in September 2024 across different market segments. The report stated that the number of individual investors actively trading in the National Stock Exchange's (NSE) cash market increased slightly. In September, 15.8 million individual investors traded at least once, marking a 1.9% increase from 15.5 million in August. Over the first half of the financial year (6MFY24), a total of 29.4 million individuals participated at least once in the cash market, compared to 30.7 million for the full FY24. However, participation in the equity derivatives segment saw a downturn. The number of individual investors trading at least once in a month on the NSE's equity derivatives segment dropped by 3.6 % in September, falling to 4.46 million from 4.66 million in August. For the first half of FY24, a total of 8.7 million individuals participated in the derivatives market, a decline from 9.6 million for the entire FY24. This decline indicates a reduced interest in derivative trading among individual investors, possibly due to increased volatility or changing market preferences. The report said, "A total of 29.4 million individuals have participated at least once in 6MFY24 vs. 30.7 million in FY24. Individual investors, who traded at least once in a month on NSE's equity derivatives segment, declined 3.6% MoM in Sep'24 to 4.46 million vs. 4.66 million in Aug'24". The dip in both new demat accounts and derivatives participation among individual investors suggests a cautious outlook among retail participants. As global economic conditions remain uncertain, domestic markets face volatility amid the continued selling by foreign investors.

New Demat account additions drop to 4-month low in October as market declines, notes report by ICICI Securities

Recently, the National Stock Exchange (<keyword id="20004725" type="General" weightage="100" keywordseo="NSE" source="keywords">NSE</keyword>) announced that its total <keyword id="21953893" type="General" weightage="20" keywordseo="client-accounts" source="keywords">client accounts</keyword> exceeded 20 crore, a remarkable growth from the 16.9 crore figure it was at just eight months ago. The achievement underscores India's rapidly evolving investment landscape and growing <keyword id="20031464" type="General" weightage="20" keywordseo="retail-participation" source="keywords">retail participation</keyword> in <keyword id="20033427" type="General" weightage="20" keywordseo="capital-markets" source="keywords">capital markets</keyword>. "This expansion reflects strong investor confidence in India's growth story," said Sriram Krishnan, Chief Business Development Officer at NSE. He attributed this growth to the widespread adoption of mobile trading applications and increasing <keyword id="22504349" type="General" weightage="20" keywordseo="investor-awareness" source="keywords">investor awareness</keyword>, aptly supported by government <keyword id="20327350" type="General" weightage="20" keywordseo="digital-initiatives" source="keywords">digital initiatives</keyword> that have democratized market access, particularly benefiting investors from Tier 2, 3, and 4 cities. While Maharashtra led the list with 3.6 crore accounts, UP was next with 2.2 crore accounts, followed by Gujarat with 1.8 crore accounts. Rajasthan and West Bengal also made it to the list with 1.2 crore accounts each. Notably, these five states collectively account for approximately 50% of total client accounts, while the top ten states represent about three-quarters of the total registrations. Additionally, the unique registered investor base on NSE stood at 10.5 crore, having crossed the 10-crore mark on August 8, 2024. <h2><keyword id="20849031" type="General" weightage="20" keywordseo="young-investors" source="keywords">Young investors</keyword> take the lead</h2>Another notable trend that emerged from NSE's latest report is the significant increase in young investor participation. The proportion of investors under 30 years has nearly doubled, rising from 22.9% in March 2018 to 40% by September 2024. Middle-aged investors, aged between 30 and 39, have maintained their participation in the markets, albeit with a slight hit. On the other hand, investors aged between 40 and 49 have witnessed a dip in market participation, dipping to 15.5% in September 2024, as opposed to 20.3% as of March 2018. Similar downtrends were noticed in other age brackets as well, namely 50-59 and 60+ age cohorts. Financial analysts suggest that younger investors bring a new dynamic to the market, often favoring high-growth, technology-driven investments. In contrast, older investors have traditionally leaned toward more stable and conservative options.

NSE client base surges past 20 crore mark; young investors lead market growth

In a recent notification, the <keyword id="20004725" type="General" weightage="100" keywordseo="NSE" source="keywords">NSE</keyword> (National Stock Exchange) noted that markets will remain closed on Wednesday, November 20, 2024, on account of state elections taking place in Maharashtra. However, <keyword id="19895774" type="General" weightage="20" keywordseo="BSE" source="keywords">BSE</keyword> has issued no notification on this matter so far. However, given how both the exchanges largely operate in sync, BSE is likely to declare a holiday as well. Before the elections, both BSE and NSE will be shut for trading on November 15 as well, on account of <keyword id="23718443" type="General" weightage="20" keywordseo="Guru-Nanak-Jayanti" source="keywords">Guru Nanak Jayanti</keyword>. Next month, the bourses will remain closed for regular trade on Christmas, i.e., December 25. Earlier this week, Brihanmumbai Municipal Corporation (BMC) mandated that all businesses and workplaces in Mumbai should grant paid leave on November 20, 2024, to all its employees so that they can participate in state elections. Failure to do so could mean penalties for employers. All the 288 states in the Maharashtra state assembly are set to go to polls in a single phase on November 20. <h2>Markets close the week on muted note </h2>Both Nifty and Sensex closed the week on a damp note, with Nifty dipping 0.21% to close at 24,148.20 points. On the other hand, Sensex also slipped below the 80,000 mark to close the week at 79,486.32 points. Of the 50 stocks that constitute Nifty, 23 stocks advanced during the day, while 27 saw declines. However, this week has not been all that bad for the markets, with Nifty rising 0.31% and Sensex inching up 0.65% during the last 5 days. All broad market indices fell during today's trade, with smallcaps falling by over 1.5%, while midcaps also closed the day over 1% down. As for sectoral indices, most of them ended the week in reds, with realty and media losing over 2% during trading today. Pharmaceuticals, healthcare, and consumer durables recorded marginal upticks during the day, inching up by 0.07%, 0.22%, and 0.41%, respectively. FIIs (<keyword id="19932515" type="General" weightage="20" keywordseo="foreign-institutional-investors" source="keywords">foreign institutional investors</keyword>) continued their selling spree today as well. In this month so far, FIIs have been net cash sellers, offloading around Rs 16,445.49 crore. DIIs (domestic institutional investors) have stepped in to maintain some balance by becoming net buyers worth Rs 12,265.74 crore in November till date. Shrikant Chouhan, Head Equity Research, Kotak Securities, explains that global market sentiment saw sharp volatility in the aftermath of Republicans winning all three branches of the US government, resulting in rising US bond yields and the dollar, as well as the US equity markets beating most EMs. Meanwhile, the Q2 FY25 earnings season continued to remain weak, with more misses than hits observed. <keyword id="20993056" type="General" weightage="20" keywordseo="FPI-flows" source="keywords">FPI flows</keyword> are expected to remain volatile for some time to come. Amidst emerging markets, only Brazil saw inflows worth $115 million between November 1 and 7, 2024.

Markets to remain shut on November 20 due to Maharashtra elections

Food delivery and quick-commerce behemoth Swiggy's initial public offering (IPO) closes for subscription today. The issue has already been subscribed about 213% as of 1:35 pm today. The offer garnered massive interest from QIB (qualified institutional buyers), who subscribed 3.46x to it, bidding for 30,09,09,954 shares as against 8,69,23,475 shares allotted for them. The company will tentatively list on both BSE and NSE on November 13, 2024. Swiggy's employees also gave the IPO a thumbs-up, subscribing 1.42x to the offer. Around 7,50,000 shares were reserved for employees in the IPO, at a discount of Rs 25 to the issue price. On the other hand, retail investors subscribed to 99% of their potion. At the same time, the NII (non-institutional category) fetched a muted response, with investors subscribing to only 25% of shares in their category. <h2>Dull GMP</h2> Pre-IPO, Swiggy had also lapped up Rs 5,085 crore from anchor investors. With a price band of Rs 371-390, the company is looking to raise Rs 11,327 crore from the IPO. Out of this, the fresh issue component is worth Rs 4,499 crore, and the offer for sale (OFS) is Rs 6,828 crore. Investors can expect dampened listing day gains, going by the trends in the GMP (grey market premium) market. The company's last-traded GMP was at a mere Rs 1, taking the estimated listing price to Rs 391 (upper end of the price band at Rs 390 + GMP), which means that the potential gain per share would be a minuscule 0.26%. Per InCred Equities, the IPO can be subscribed to since the company has favorable scale and potential to tap in long-term opportunities. Quick commerce provides growth runaway, while the food delivery vertical has the potential to improve the margin and cash flow going ahead. Per the company's Q1FY25 earnings report, it generates 47% of revenue from the food delivery business and 39% from its supply chain and distribution business (operated via Scootsy Logistics Private Limited). About 12% of the company's revenue comes from its quick commerce wing i.e. Instamart, while Dineout (eating out) and platform innovations make up about 1% each of the revenue. "Swiggy’s IPO price band implies 1) EV/revenue multiple of ~6.5x, 2) EV/GOV of ~2.1x, and 3) a P/S of ~6.7x based on annualized FY25F financials. The valuation is at a discount to Zomato, which trades at an EV/revenue multiple of ~11.3x, an EV/GOV of ~3.2x (annualized), and a P/S of ~11.4x based on FY25F consensus estimates. Internal controls, as reflected in the auditor’s qualified opinion, and increased competitive intensity are the key downside risks, in our view," InCred further adds. Notably, in FY23 and FY24, auditors raised concerns over loans given to subsidiaries, namely Supr Infotech and Scootsy which may impact Swiggy's overall financial stability. Some of the qualifications highlighted by the auditors include potential impairment, interest payment delay, and using new loans to cover interest costs.

Swiggy IPO subscribed to 2.13 times on last day of the offer

The IPO of ACME Solar, which opened for subscription yesterday, has been subscribed 1.81x in the retail investors category and 0.6x overall. The offer, worth Rs 2,900 crore, is a combination of Rs 2,395 crore of fresh issue and Rs 505 crore worth of OFS (offer for sale). With a price band of Rs 275-289, the IPO will close for subscription tomorrow. Retail investors can invest in a minimum of 1 lot of 51 shares, bringing the total amount to Rs 14,739. The company is set to list on both NSE and BSE on November 13, 2024. Despite the company's strong presence in the renewable energy space, the company's GMP (grey market premium) remains muted, almost negligible, trading at Rs 0 today. ACME's GMP has been dipping ever since November 30, 2024, when it stood at Rs 30. The allotment of shares is scheduled for November 11, 2024, with a tentative listing date on the BSE and NSE set for November 13, 2024. The company amassed Rs 1,300.5 crore via the issue of 4.5 crore equity shares from anchor investors ahead of its IPO. Around 1.5 crore equity shares, or about 33.4% of the total anchor book, were lapped up by 8 domestic mutual fund houses through a total of 17 schemes. <h2>About the company </h2>ACME Solar is one of India's top 10 renewable energy-independent power producers. To date, the company has developed a total of 2,719 MW of solar power projects. In terms of financial performance, over the last three fiscal years, the company has reported (on a consolidated basis) a total income of Rs 1,562.73 crore in FY22, Rs 1,361.67 crore in FY23, and Rs 1,466.27 crore in FY24. In terms of net profit/loss, ACME Solar incurred a net profit of Rs 62.01 crore in FY22, a loss of Rs 3.15 crore in FY23, and Rs 697.78 crore in FY24. For the first quarter of FY25, the company's revenue from operations stood at Rs 340.01 crore, while earning a net profit of Rs 1.39 crore. The company intends to utilize the IPO proceeds to repay and prepay part of its outstanding borrowings, and also for general corporate purposes. However, the company is not without its fair share of risks. Around 63.22% of its FY24 revenue is concentrated in just three Indian states—Andhra Pradesh, Rajasthan, and Telangana. Also, the company's business is highly dependent on its top 10 off-takers, which contributed 95.42% to its revenue as of the quarter ended June 30, 2024, 87.48% to its revenue in FY23, and 81.11% to the company's income in FY22. The loss of any of these off-takers can have adverse effects on their business, financial condition, results of operations, and cash flows. Moreover, not only does its growth depend on winning highly competitive project bids, but it is also highly reliant on government-owned transmission grids and infrastructure. <h2>Should you subscribe? </h2>Per Bajaj Broking, the issue appears to be aggressively priced, yet they would recommend subscribing to the IPO for the long term. "Over the past three fiscal years, the company has achieved an average EPS of Rs. 6.44 and an average RoNW of 13.95%. The issue is priced at a P/BV of 7.77 based on its NAV of Rs 37.19 as of June 30, 2024. When annualizing FY25 earnings to the post-IPO fully diluted equity base, the asking price results in a P/E of 3211.11, while based on FY24 earnings, the P/E stands at 25.06". However, there are financial concerns that cannot be ignored. "FY24 appears to be an exceptional year with significantly boosted profits, but otherwise, the company has shown inconsistent top and bottom lines over the reported periods. Its debt-equity ratio of 3.89 as of June 30, 2024, is notably high and raises concerns," it adds. According to Anand Rathi Research, the IPO can be subscribed to in the long run. "At the upper price band, the company is valued at a P/E of 30.17x, with an EV/EBITDA of 22.4x and a market cap of Rs 1,74,868 million post-issue of equity shares and a return on net worth of 26.93%. We believe that the IPO is richly priced," adds the note.

ACME Solar IPO: Should you subscribe? Here's all you need to know

<ul><li>The Indian stock indices opened flat on Thursday, a day after Trump’s victory.</li><li>FIIs continued to remain net sellers in the Indian market in November.</li><li>The <keyword id="20641216" type="General" weightage="20" keywordseo="Nifty-50" source="keywords">Nifty 50</keyword> index opened flat at 24,489.60 points, while the <keyword id="19950208" type="General" weightage="20" keywordseo="BSE-Sensex" source="keywords">BSE Sensex</keyword> index was down to 80,248.60 points</li></ul>Indian stock markets opened flat with a marginal dip on Thursday after Donald Trump's victory, while FIIs continued to remain net sellers in Indian markets. The Nifty 50 index opened flat at 24,489.60 points, while the BSE Sensex index was down marginally by 0.16% during early trade to 80,248.60 points. Experts noted that global markets supported Trump's victory on Wednesday, and his success in the elections is expected to be more potentially transformative than initially thought. However, his decisions could have both positive and negative impacts on different sectors. "The Trump victory is turning out to be more potentially transformative than thought earlier. With the Congress and the Senate coming under Republican control and President Trump exercising power without bothering about another term in office, hugely transformational decisions are possible in the months following Trump's assumption of office. These decisions may turn out to be both good and bad" said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. "His pro-business initiative of 'America First' can strengthen the American economy. But if he walks his talk and imposes a 60% tariff on Chinese imports and a 10 to 20% tariff on imports from other countries, that would trigger inflation and jeopardise the Fed's policy of containing inflation, necessitating a rethink of the Fed's present policy of rate cut. This has the potential to negatively impact global stock markets,” Vijayakumar added. In the sectoral indices, a mixed performance was seen on the National Stock Exchange, with Nifty Auto, Nifty Pharma, Nifty IT, and Nifty FMCG gaining, while Nifty Bank, Nifty Metal, and Nifty Private Bank declined. In the quarterly announcements today, Mahindra &amp; Mahindra, Trent, Rail Vikas Nigam, Linde India, Lupin, NHPC, and Aditya Birla Fashion &amp; Retail are some of the major companies set to announce their second-quarter financial performance. In other Asian markets on Thursday, Japan's Nikkei index was down marginally by 0.4%, while Hong Kong's Hang Seng gained 0.68%. Taiwan's weighted index also rose by 1.07%, and South Korea's KOSPI index was up by 0.41%. In China, the Shanghai Composite also gained 0.75% after Trump's return. U.S. markets on Wednesday rallied on Trump's victory, with the S&amp;P 500 and Nasdaq indices both surging more than 2%. “US is the largest market for India's $254 bn tech sector where its overall contribution is $80 bn to US GDP. Importantly, the industry plays a key role in supporting US companies in strengthening the US economy. Conversely, India is a prime destination for American businesses, with over 1,000 U.S. companies that are driving innovation and leveraging India’s digital infrastructure to create competitive solutions,” said Indian trade body Nasscom in a statement. With inputs from ANI. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/skoda-kylaq-suv-launched-in-india-starting-at-7-89-lakh/articleshow/115013668.cms">Skoda Kylaq SUV launched in India starting at ₹7.89 lakh</a> <a href="https://www.businessinsider.in/stock-market/webstories/swiggy-ipo-gmp-risk-factors-and-all-you-need-to-know/slidelist/115004939.cms">Swiggy IPO – GMP, risk factors and all you need to know</a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-ipo-indias-biggest-telco-to-go-public-in-2025-retail-ipo-further-away/articleshow/114944496.cms">Reliance Jio IPO – India’s biggest telco to go public in 2025, retail IPO further away</a>

Nifty and Sensex continue downward trend, selling continues despite Trump's victory

It was complete mayhem on the bourses today, as <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> and <keyword id="19896382" type="General" weightage="100" keywordseo="Sensex" source="keywords">Sensex</keyword> slumped by over 1% each. While Nifty ended the day at 24,472.10 points, down by 1.25%, Sensex tumbled a massive 930 points to close the day at 80,220.72 points. The pullback was majorly caused by large stocks such as <keyword id="20146941" type="General" weightage="20" keywordseo="Bharat-Electronics-Limited" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharat Electronics Limited" meta.hostid="261" meta.entityid="Bharat Electronics Limited">Bharat Electronics Limited</keyword>, <keyword id="20480977" type="General" weightage="20" keywordseo="Mahindra-and-Mahindra" source="keywords" meta.keywordsubtype="org" meta.entityname="Mahindra and Mahindra" meta.hostid="261" meta.entityid="Mahindra and Mahindra">Mahindra and Mahindra</keyword>, <keyword id="19903245" type="General" weightage="20" keywordseo="Coal-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Coal India" meta.hostid="261" meta.entityid="Coal India">Coal India</keyword>, and <keyword id="22754225" type="General" weightage="20" keywordseo="Adani-Entertainment" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Entertainment" meta.hostid="261" meta.entityid="Adani Entertainment">Adani Entertainment</keyword>, which fell by more than 3%, and SBI, which dipped by 2.97%. Both midcap and smallcap indices also witnessed significant bloodshed, with midcap 50 falling by 2.45% during the day, midcap 100 dipping by 2.61%, smallcap 100 tumbling by 3.92%, smallcap 50 falling by 3.7%, and microcaps plummeting 4.14%. Amidst the constituents of Nifty50, only 3 stocks advanced today, while 47 others saw declines. Aditya Gaggar, Director of Progressive Shares, highlights that almost all the sectors ended in the red, with PSU Banks and Realty being the major laggards. "The weak link of the markets, i.e., mid- and small-caps, tumbled by 2.61% and 3.92% and underperformed the frontline index. Considering the oversold conditions in the mid- and small-cap segments, a short-term bounce can be expected in the markets, which may push the index higher, but the upside seems to be capped at 24,670". Rajesh Bhosale, equity technical analyst at Angel One, cautions traders against taking long positions until there are clear signs of a bullish reversal. "The midcap space, in particular, saw a sharp decline, breaking below key support levels, signaling more pain ahead—bottom-fishing in this sector should be avoided for now," he added. Investor wealth worth Rs 8.98 lakh crore was wiped off the markets today, with the BSE m-cap dipping from Rs 453.65 lakh crore yesterday to Rs 444.66 crore today. Broader mid- and small-cap indices saw their worst losses since August, riding on the back of disappointing earnings and cautious management guidance for the upcoming quarters. As such, hefty profit-booking ensued to make the most of still elevated valuations. <h2>FIIs on a heavy selling spree</h2> The massacre in the markets comes amidst heavy offloading of stakes by FIIs (<keyword id="19932515" type="General" weightage="20" keywordseo="foreign-institutional-investors" source="keywords">foreign institutional investors</keyword>). Data suggests so far this month, FIIs have offloaded a staggering Rs 82,479.73 crore in Indian markets. DIIs (<keyword id="20234284" type="General" weightage="20" keywordseo="domestic-institutional-investors" source="keywords">domestic institutional investors</keyword>) have been trying to maintain some semblance and balance in the markets, having bought 77,402.11 crore worth of assets in the Indian markets. However, that has proved insufficient for maintaining the positive momentum of the markets. The last time Indian markets had witnessed such intense selling was in 2021–22, i.e., during the peak of the COVID-19 pandemic. Data from NSDL suggests that during this period, FPIs had sold Rs 1,22,242 crore worth of assets in the Indian markets. Gaurav Garg, Research Analyst at Lemonn Markets Desk, highlights that mid- and small-caps bore the brunt of earnings disappointments, as these are also the segments most stretched on many valuation metrics. "Growth slowdown concerns, along with uncertainty on rate cut timing, act as a double whammy for equity markets, especially after recent inflation data surprised sharply to the upside," he added. Looking ahead, the markets will continue to focus on the earnings announcements. Investors will look to the RBI's monetary policy meeting minutes tomorrow and the HSBC Manufacturing, Services, and Composite PMI data on Thursday for further signals to act upon.

Carnage on D-Street as Sensex and Nifty tumble by over 1%, investors lose Rs 13 lakh crore in 2 days

<ul><li>FPIs turned <keyword id="20625148" type="General" weightage="20" keywordseo="net-sellers" source="keywords">net sellers</keyword> in the <keyword id="20459350" type="General" weightage="20" keywordseo="Indian-stock-markets" source="keywords">Indian stock markets</keyword> in October 2024.</li><li>FPIs offloaded stocks worth ₹94,017 crore in October as per NSDL data.</li><li><keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> has fallen from its all-time high of 85,978 points to now trading at 79,389 points.</li></ul><keyword id="20015748" type="General" weightage="100" keywordseo="Foreign-Portfolio-Investors" source="keywords">Foreign portfolio investors</keyword> (FPIs) have again turned net sellers in Indian stock markets in October 2024, after having remained net buyers in the past four months on a trot, contributing to the nearly 8% decline in benchmark indices from the peak. They offloaded stocks worth ₹94,017 crore in October, data made available by National Securities Depository Limited (NSDL) showed. In June, July, August, and September, they bought stocks worth ₹26,565 crore, ₹32,365 crore, ₹7,320 crore, and ₹57,724 crore, respectively. FPIs had fuelled the bull run in the stock market, barring the latest slump. As per definition, Foreign Portfolio Investment (FPI) involves an investor buying foreign financial assets. Sensex has fallen from its all-time high of 85,978 points to now trading at 79,389 points. The recent sessions have been bearish for the indices, attributable to fund outflows and lower-than-expected Q2 earnings of India Inc. On Thursday, the Sensex settled at 79,389.06 points, down 553.12 points or 0.69 per cent, while the Nifty closed at 24,205.35 points, down 135.50 points or 0.56 per cent. "We expect the consolidation to continue in the short term; a reversal in trend will depend on a slowdown in FIIs selling intensity and the outcome of the US presidential election," said Vinod Nair, Head of Research, Geojit Financial Services, recently. Interestingly, at a time when overseas investors were net sellers in Indian equities, domestic institutional investors stayed net buyers, largely making up for the outflows by foreign investors. They accumulated stocks worth thousands of crores more than FPIs in October, data showed. This has likely cushioned the stock indices from a sharp fall. With inputs from ANI. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-13-announced-with-snapdragon-8-elite-6000mah-battery-and-more/articleshow/114842638.cms">OnePlus 13 announced with Snapdragon 8 Elite, 6,000mAh battery and more</a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-up-3-in-q3-vivo-leads-the-market/articleshow/114840345.cms">Indian smartphone shipments up 3% in Q3, Vivo leads the market</a> <a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-november-2024/slidelist/114836760.cms">Upcoming smartphones launching in India in November 2024</a>

October marks highest-ever monthly stock sales by foreign portfolio investors

After a prolonged selloff and logging a one-year low last week, Indian stock indices showed a promising rebound on Monday, driven by <keyword id="20262950" type="General" weightage="20" keywordseo="value-buying" source="keywords">value buying</keyword> from investors. The <keyword id="19896382" type="General" weightage="100" keywordseo="Sensex" source="keywords">Sensex</keyword> closed at 80,081.30 points, gaining 679 points, while the <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> surged by 186.55 points to close at 24,367.35. All Nifty sectoral indices moved into positive territory, with the PSU bank index leading the rally at a 3.8% gain. Last week saw significant dips in Indian equities, with the Nifty 50 and Sensex shedding 2.7% and 2.2%, respectively. Additionally, the Nifty corrected by approximately 8.3% from its recent high, while mid-cap and small-cap indices faced steeper corrections of 9-10%. <keyword id="20015748" type="General" weightage="20" keywordseo="foreign-portfolio-investors" source="keywords">Foreign portfolio investors</keyword> (FPIs) have also been net sellers throughout October, pulling out a substantial ₹85,790 crore, following four months of consistent inflows that previously supported the market’s bullish phase. Market experts, however, indicate that <keyword id="21807786" type="General" weightage="20" keywordseo="geopolitical-factors" source="keywords">geopolitical factors</keyword> and macroeconomic uncertainties will continue to influence Indian equities in the near term. “The imminent U.S. presidential elections and associated uncertainty will continue to weigh on markets,” noted V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Nonetheless, positive developments, including strong quarterly results from banks and a decline in <keyword id="21259231" type="General" weightage="20" keywordseo="global-oil-prices" source="keywords">global oil prices</keyword> due to anticipated ease in Middle East retaliations, have boosted investor sentiment. “The <keyword id="21953705" type="General" weightage="20" keywordseo="market-rebound" source="keywords">market rebound</keyword> this week was supported by positive <keyword id="22342488" type="General" weightage="20" keywordseo="banking-results" source="keywords">banking results</keyword> and declining oil prices,” commented Vinod Nair, Head of Research at Geojit Financial Services. He added that the broader market’s stability would depend on stronger <keyword id="20052796" type="General" weightage="20" keywordseo="corporate-earnings" source="keywords">corporate earnings</keyword> and companies with low leverage and solid growth prospects, which are expected to outperform when the market stabilises. While global markets have remained steady in October, the MSCI India Index dropped around 8% from its late-September peak, signalling ongoing caution among investors, as observed by Jitendra Gohil, Chief Investment Strategist at Kotak Alternate Asset Managers.

Stock market rebounds after one-year low; Sensex and Nifty regain ground amid value buying

The much-anticipated IPO (<keyword id="20478869" type="General" weightage="20" keywordseo="initial-public-offer" source="keywords">initial public offer</keyword>) of food and grocery delivery giant Swiggy is expected to go live between November 6th and 8th, 2024, with the window for <keyword id="21330641" type="General" weightage="20" keywordseo="anchor-investors" source="keywords">anchor investors</keyword> likely to open on November 5, 2024. The offer consists of around Rs 3,750 crore worth of <keyword id="20953853" type="General" weightage="20" keywordseo="fresh-issue" source="keywords">fresh issue</keyword> and an offer for sale (OFS) of around 18.53 crore shares. All in all, the total issue is expected to be in the range of Rs 11,700 crore and Rs 11,800 crore. Per media reports, the fresh issue component is expected to be pushed up to Rs 4,500 crore, with the company now targeting a diluted valuation of $11.3 billion, as opposed to its previous target of $15 billion. The 25% slash is done to aid retail investors. Per the company, it does not want a "bad IPO." Notably, Swiggy's rival <keyword id="19901323" type="General" weightage="20" keywordseo="Zomato" source="keywords" meta.keywordsubtype="org" meta.entityname="Zomato" meta.hostid="261" meta.entityid="Zomato">Zomato</keyword>, which recently reported a staggering 389% YoY jump in its net profits, also recently announced that it is taking the QIP (qualified institutional placement) to raise Rs 8,500 crore. For the quarter ended September 30, 2024, Zomato earned a net profit of Rs 176 crore. Over the last year, i.e., between March 2023 and 2024, Swiggy saw its revenue from operations jump by 34% from 8,714.45 crore in FY23 to Rs 11,634.35 crore in FY24. The company's losses also narrowed down to Rs 2,350.24 crore in FY24, from Rs 4,179.31 crore in FY23. Swiggy's rival Zomato had gone public in July 2021, with an offer size of Rs 9,375 crore. At present, the company's stock was trading at Rs 251.95, having surged a whopping 138.48% over the last year. As of August this year, the company's quick commerce wing, <keyword id="20255906" type="General" weightage="20" keywordseo="Instamart" source="keywords">Instamart</keyword>, has a network of 605 active dark stores across 43 Indian cities. Some of the major existing investors in Swiggy include Prosus, which holds a 32% stake, SoftBank, which has an 8% stake, and Accel, which holds a 6% stake in the company. Notably, <keyword id="23707337" type="General" weightage="20" keywordseo="market-watchdog-SEBI" source="keywords">market watchdog SEBI</keyword> had approved Swiggy's IPO via the confidential filing route. Under this mechanism, companies can file for a DRHP (draft red herring prospectus) without making it public. The company has the power to decide when to make this document available for public view after having incorporated the suggestions of the regulator.

Swiggy IPO likely between November 6-8, 2024. Here's all you need to know

Bloodbath on the D-Street entered its fifth straight day today, with <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> dipping by 218 points to close the day at 24,180.80, much below the 25,000-mark. <keyword id="19896382" type="General" weightage="100" keywordseo="Sensex" source="keywords">Sensex</keyword> also dropped a massive 662 points to close the week at 79,402.29 points. Notably, this was the worst weekly run experienced by the markets over the last 14 months. Clearly, the markets are not in the mood to embrace the impending festivities. Only 12 out of 50 stocks on the Nifty50 advanced today, while the other 38 declined. It was no different on the BSE, where an astounding 3,101 stocks slipped during the day, while just 841 inched up. Smallcaps bore the biggest brunt of this drawdown, with the smallcap 100, 50, 250, and microcaps each sliding by over 2% during the day. Amidst sectors, media, metal, PSU banks, consumer durables, and oil and gas skidded over 2% each today. Gaurav Garg, Research Analyst at Lemonn Markets Desk, explains that on a weekly basis, benchmarks had recorded five consecutive daily losses. Markets appear oversold, with RSI (Relative Strength Index) falling to 27 levels, its lowest in more than a year. Persistent foreign outflows with a record ~97000 crores so far in October, along with disappointing <keyword id="23378466" type="General" weightage="20" keywordseo="Q2-earnings" source="keywords">Q2 earnings</keyword>, have led to sharp valuation corrections in stocks with high multiples as investors adjust their expectations for future growth. Per media reports, investors saw their wealth diminish by a massive Rs 6.80 lakh crore today, largely due to a sharp, 18% dip in the shares of <keyword id="19901053" type="General" weightage="20" keywordseo="IndusInd-Bank" source="keywords">IndusInd Bank</keyword> and uncontrolled exodus of <keyword id="19900795" type="General" weightage="20" keywordseo="foreign-investors" source="keywords">foreign investors</keyword>. Reportedly, IndusInd Bank reported a 40% decline in its net profits for the quarter ended September 30, 2024. "Another major factor contributing to this dip is disappointing earnings reports from Indian companies, especially in the consumption sector, which signal an economic slowdown, particularly in urban consumption," Santosh Meena, Head of Research at Swastika Investmart, said. Mahindra &amp; Mahindra, Larsen &amp; Toubro, NTPC, Adani Ports, Tata Steel, Maruti, Bajaj Finance and Titan were also among the laggards. "Markets continued its downward trajectory as a broader selloff pulled down key benchmarks with Sensex ending below the crucial 80k mark. The dismal Q2 earnings so far has aggravated the investors' woes while persistent <keyword id="21360658" type="General" weightage="20" keywordseo="FII-selling" source="keywords">FII selling</keyword> continued to create havoc in the market," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. On October 24, 2024, i.e. yesterday, foreign investors offloaded a massive Rs 5,062.45 worth of equities, while domestic investors remained net buyers, purchasing around Rs 3,620.47 crore worth of shares. Thus far in October, foreign investors have pulled out a record Rs 97,205.42 crore from Indian markets. Shrikant Chouhan, Head Equity Research, Kotak Securities expects that the "market sentiment will continue to be weighed down by weaker-than-expected Q2FY25 earnings prints and continued weak commentary. FPI flows are expected to remain volatile in the days to come". "Indian equity markets corrected sharply this week as FII continued with selling in Indian markets. Benchmark indices (Nifty 50 and Sensex 30) declined between 2-3% this week. The midcap and the <keyword id="20187540" type="General" weightage="20" keywordseo="smallcap-stocks" source="keywords">smallcap stocks</keyword> witnessed selling pressure. As a result, the BSE Midcap and the BSE Smallcap indices underperformed the larger peers and were down between 5-8% on a weekly basis. All the sectoral indices ended the week in the red with multiple indices seeing a weekly fall in excess of 6%", added Chouhan Per Chouhan, in the coming weeks, key events that will determine the market's course of action include the US elections and the US FOMC meet. Stock specific action will continue based on Q2FY25 financial performance and management commentary. Garg also anticipates that in the near term, the markets will trade rangebound. Market veteran Raamdeo Agrawal, who heads Motilal Oswal Financial Services, called the ongoing <keyword id="22528556" type="General" weightage="20" keywordseo="market-downturn" source="keywords">market downturn</keyword> the "healthiest possible correction".

Massacre continues on Sensex and Nifty as foreign investors withdraw Rs 97,205.42 crore in October

The share allotment for <keyword id="23625124" type="General" weightage="100" keywordseo="Waaree-Energies-IPO" source="keywords">Waaree Energies IPO</keyword>, which opened for subscription between October 21 and 23, is set to be finalized today. By tomorrow, i.e., October 25th, all bidders will receive information on whether or not they have been allotted shares. If you have applied, and in case your allotment is successful, funds will be debited from your accounts. On the other hand, if the allocation remains unsuccessful, your IPO mandates and blocked funds will be revoked. Waaree is set to list on both NSE and BSE on Monday, October 28th, 2024. Waaree's IPO worth Rs 4,321.44 crore received a thumping response from investors. Overall, the IPO was subscribed to around 79.44 times, with bids worth Rs 2,41,857.01 crore received against the issue size of Rs 4,321.44 crore. Not just in the retail category, which oversubscribed to the issue by 11.27x, Waaree also attracted massive interest from QIBs (<keyword id="20240741" type="General" weightage="20" keywordseo="qualified-institutional-buyers" source="keywords">qualified institutional buyers</keyword>), who subscribed a massive 215.03x to the offer, and Waaree's employees, who bid 5.45x times the issue potion kept aside for them. <keyword id="19972907" type="General" weightage="20" keywordseo="retail-investors" source="keywords">Retail investors</keyword> bid for 11,16,95,301 shares, as against the 99,11,869 shares demarcated for their category. <h2>Highest ever number of applications</h2> As against the total allocated 2,02,56,207 shares, the markets bid for a staggering 1,60,91,61,741 shares. The IPO also set a record in terms of receiving the highest-ever applications (about 97.34 lakh) received by any IPO in India's history, particularly at the upper end of the Waaree's price band, which was between Rs 1,427 and Rs 1,503. Before this, Bajaj Housing Finance's IPO, which concluded in September 2024, held this record, receiving 89.07 lakh applications. One of India's biggest ever IPOs, the LICs offer worth Rs 21,008.48 crores had received around 52.98 lakh valid applications when it debuted on the bourses in May 2022. The company's GMP (grey market premium), which stood at Rs 1,550 at the end of today's trade, has been soaring exponentially in unofficial markets. With this, Waaree's estimated listing price stands at Rs 3,053, translating into a whopping 101.13% <keyword id="22471163" type="General" weightage="20" keywordseo="listing-gain" source="keywords">listing gain</keyword> per share for investors.

Waaree Energies: IPO receives maximum applications ever in Indian history, GMP soars beyond 100%

<keyword id="19940291" type="General" weightage="20" keywordseo="Diwali" source="keywords">Diwali</keyword> is just around the corner, and most traders and stockbrokers are gearing up for <keyword id="23618998" type="General" weightage="100" keywordseo="Muhurat-trading" source="keywords">muhurat trading</keyword>, which will take place on Friday, November 1 this year, between 6 and 7 pm. The one-hour trading session will mark the beginning of the new year in the Hindu calendar, or Samvat 2081. Generally, markets don't see much trade or activity during this one-hour session, given that muhurat trading is largely symbolic. It stems from the Indian tradition of closing our annual financial accounts on the day of Diwali and then starting afresh with the upcoming new year. Investors look to make their first profitable transaction of the new year and believe that any new investments during this one-hour window will bring them long-term prosperity. Like with usual trades, settlement happens on a T+1 basis. Gaurav Garg, who heads the markets desk at Lemonn, a new-age <keyword id="20300872" type="General" weightage="20" keywordseo="stock-trading" source="keywords">stock trading</keyword> app, explains that retail investors usually make symbolic purchases of small quantities of stocks or invest in blue-chip stocks or large-cap stocks as part of their portfolio-building strategy during muhurat trading. "Here, it is less about immediate profits and more about its cultural and traditional aspects. The number of trades in this session also tends to be 20–30% lower, compared to a typical trading day, since institutional investors and high-frequency traders stay away from muhurat trading," he adds. <h2>How has the market performed during muhurat trading in the past?</h2>Much like us, the markets also put on a positive, festive outlook during this time. Data suggests that over 10 years, muhurat to muhurat returns, i.e., the performance of <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> or <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> from one Diwali muhurat to that of next year's, has averaged around 11-13%. In fact, in the past decade, the average gain during muhurat trading has been approximately 0.5% to 1% on major indices. Over the last 10 years, 8 out of 10 muhurat sessions have yielded positive returns for investors. In fact, four of these 8 sessions have delivered double-digit returns. Some of these outliers include 2021, i.e., at the peak of the COVID-19 pandemic, where Nifty’s muhurat-to-muhurat returns were a staggering 40.19%. Sensex closely followed suit with 37.65%. 2022 saw the returns from these indices slip into the reds, despite a positive muhurat day performance. While returns on Nifty slipped 1.04% in negative, Sensex was also down by 0.39%. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Year </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nifty Muhurat-to-Muhurat returns (in%) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sensex Muhurat-to-Muhurat returns (in%) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2023 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10.13 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">9.07 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2022 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.04 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-0.39 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">40.19 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">37.65 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2017 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18.21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15.96 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2014 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">27.29 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">26.43 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: Lemonn Sectorally, consumer goods, automobiles, and <keyword id="19976433" type="General" weightage="20" keywordseo="financial-services" source="keywords">financial services</keyword> are sectors that do well during this time, benefiting from elevated consumer demand and festive momentum. <h2>What can we expect this year?</h2>So far, this hasn't been a great season. <keyword id="20052796" type="General" weightage="20" keywordseo="corporate-earnings" source="keywords">Corporate earnings</keyword> have been disappointing, valuations are elevated, and <keyword id="19900795" type="General" weightage="20" keywordseo="foreign-investors" source="keywords">foreign investors</keyword> are exiting India at a breakneck speed. In October so far, FIIs (foreign institutional investors) have withdrawn a massive Rs 92,142.97 crore from Indian markets. Over the last 24 days, FIIs have functioned on a single aim—sell, sell, and sell. So, expect the markets to remain muted. Overall, the markets seem to be entering a sombre, much-needed phase of recalibration. The same is evident in Nifty's annual growth. Between 2004 to 2021; Nifty was up 16% per annum. However, in the last three years, it's gone up only by 13%. Says Trivesh D, COO, Tradejini, "As we move into Samvat 2081, it’s clear that the euphoria seen in previous years is cooling. Markets are moving in a narrower range, and returns are likely to be more modest than in the past. The focus now shifts to sectors that can provide steady, long-term growth. Financials remain a favourite, with banks, market intermediaries, and exchanges offering stability. The IT sector is also expected to recover as companies adapt to new technologies like generative AI". As markets enter a phase of correction, even IPOs, which have generated wild returns for some investors, may also cool off as investors become wearier. But, for those looking to get in the market in the long haul, experts note that this is a good opportunity to accumulate good-quality stocks. So, happy Diwali, and happy investing this festive season.

You Searched For "investors" and got 13 results

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