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PremiumMarket Close Highlights : A selloff in Europe set the tone for global markets on Monday as France's decision to call a snap election weighed on everything from the euro to banking stocks and government bonds.
Asia shares fell and U.S. stock futures pointed to a weak open on Wall Street, with an event-packed week that includes the release of U.S. inflation data as well as Federal Reserve and Bank of Japan meetings adding to the cautious mood.
For now, it's the prospect of fresh political uncertainty in the euro zone's second biggest economy weighing on sentiment after far-right gains in European Parliament elections on Sunday prompted a bruised French President Emmanuel Macron to call a snap national election.
The euro fell to a one-month low against the dollar, European stocks slipped 0.6%, euro zone bank stocks tumbled 2% while government bond yields in France and Italy jumped.
"The market moves are all about what we are seeing in a European context - and news from France has caused a risk premium around European assets," said BlueBay Asset Management chief investment officer Mark Dowding.
"It could swing a bit further but we need to remind ourselves this is a parliamentary election not a presidential election in France."
French bank Societe Generale was last down more than 5% and BNP Paribas more than 4% as investors worried their funding costs may increase if French sovereign borrowing becomes more expensive amid higher spending, bankers said.
France's 10-year government bond yield jumped 8 basis points to 3.19%, while Italian borrowing costs also rose.
Trading was thinned in Asia with Australia, China, Hong Kong and Taiwan observing public holidays.
MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3%, global shares were down 0.15% and U.S. equity futures were also broadly lower.
The global risk rally came to a halt after Friday's nonfarm payrolls report showed the U.S. economy created far more jobs than expected in May and annual wage growth reaccelerated, underscoring the resilience of the labour market.
Futures now show roughly 36 basis points (bps) worth of U.S. rate cuts priced in this year, down from 50 bps last week. The odds for an easing cycle beginning in September have also lengthened.
The Fed's next policy decision comes on Wednesday, with U.S. inflation figures for May due just before that.
"With inflation still firmly above the 2% target, the Fed has more work to do to tame these forces and will not be in a position to deliver a rate cut when its committee meets next week," said David Arnaud, a senior Fund Manager, fixed income, at Canada Life Asset Management.
He said that with recent data pointing to a cooling of the economy, the Fed should be able to subtly adjust its message around upcoming rate cuts with a quarter point cut in the final three months of the year still likely.
U.S. Treasury yields, which move inversely to prices, rose on Monday, reflecting the higher-for-longer U.S. rate expectations.
The two-year yield and benchmark 10-year yield each ticked up about two bps to around 4.89% and 4.45%, respectively.
Against the dollar, the yen dipped 0.1% to 156.93. The dollar index, which measures the greenback against a basket of six other major currencies, firmed to 105.17.
The Bank of Japan (BOJ) holds a two-day monetary policy meeting this week and could offer fresh guidance on how it plans to scale back its massive bond purchases.
In commodities, oil prices edged up, aided by hopes of rising fuel demand this summer, though gains were capped by the stronger dollar.
Brent crude futures gained 0.4% % to $79.91 a barrel, while U.S. West Texas Intermediate crude futures ticked up 0.2% to $75.71 per barrel.
Spot gold rose 0.13% to around $2,296 an ounce.
Sensex Today Live : Indian benchmark indices closed in the red, breaking their streak of three straight sessions of higher closing, as markets were weighed down by muted global cues.
Indian markets had opened at record highs on Monday, but were dragged down by the fading hopes of delayed rate cuts by the US Federal Reserve after better than expected job creation data on Friday raised bets of a delayed rate cut.
Coupled with that were the political developments in Europe, where France's sitting president Emmanuel Macron called for snap elections after his far-right rival Marine Le Pen's party defeated his party in the European Parliament election.
In India, Sensex, which had opened at a record high of 76,693.36, climbed higher still to touch a peak of 77,079.04, for the first time. Nevertheless, at close, the 30-stock benchmark index lost some of its steam to close at 76,490.08, down 203.28 points, or 0.27%.
Simiraly, Nifty, which had opened at a high of 23,319.15, created a fresh all-time high of 23,411.90 in intraday trades, but shed some of its gains to close at 23,259.20, down 30.95 points, or 0.13%.
Vinod Nair, Head of Research, Geojit Financial Services, said, "The Indian market currently lacks fresh catalysts following the formation of the new government at the centre, suggesting that some consolidation may occur in the near term. Institutional flows indicate a mixed trend, with FIIs gradually covering their shorts and DIIs booking profits after the market reached historic highs. Meanwhile, optimism about a rate cut is waning as US economic data points remain healthy. The FED is expected to continue its current stance. However, any dial-back of the rate cut guided earlier could test market patience."
Meanwhile, more than half of the 30 stocks on the BSE Sensex closed in the red. Tech Mahindra, Infosys, Wipro, Bajaj Finance, and Mahindra & Mahindra, were the top drags, while UltraTech Cement, Power Grid Corp., Nestle India, NTPC, and Tata Steel were the top gainers.
That apart, 23 of the 50 stocks on the Nifty 50 closed in the red. Tech Mahindra, Infosys, Wipro, LTIMindtree, and Bajaj Finance, were the top drags, while UltraTech Cement, Grasim Industries, Hero MotoCorp., Cipla, and Power Grid Corp., were the top gainers.
The broader market outperformed the benchmark indices for the day, with the BSE SmallCap gaining 1.04% and the BSE MidCap climbing 0.56% at close.
Across sectors, IT, Metal, Bank, Private Bank, Financial Services and Oil & Gas, closed in the red. The IT index was down 1.83%, followed by the Metal index, which was down 0.38%.
The Bank and Financial Services indices were down 0.04% and 0.05%, respectively.
On the flip side, the Media index had gained the most, followed by Realty and Pharma.
Other notable gainers for the day were the Consumer Durables and Healthcare indices, while Auto and FMCG closed marginally ahead.
Sensex Today Live : Barring IT, Metal and Auto, all other sectoral indices were trading in the green. The IT index was down 1.81%, followed by the Metal index, which was down 0.32%.
On the flip side, the Media index had gained the most, followed by Realty and Pharma.
Other notable gainers were the Consumer Durables and Healthcare indices.
Sensex Today Live : The broader market was outperforming the benchmark indices, with the BSe SmallCap gaining 1.11% and the BSe MidCap climbing 0.65%.
Sensex Today Live : 19 of the 50 stocks on the Nifty 50 were trading in the red. Tech Mahindra, Infosys, Wipro, Mahindra & Mahindra, and LTIMindtree, were the top drags, while UltraTech Cement, Grasim Industries, Hero MotoCorp., Cipla, and Power Grid Corp., were the top gainers.
Sensex Today Live : Nearly half of the 30 stocks on the BSE Sensex were trading in the red. Tech Mahindra, Infosys, Wipro, Mahindra & Mahindra, and Bajaj Finance, were the top drags, while UltraTech Cement, Power Grid Corp., Nestle India, NTPC, and Axis Bank were the top gainers.
Sensex Today Live : Indian benchmark indices were trading in the red, weighed down by global cues, after opening at record highs on Monday.
At 3 pm, Sensex was down 117.31 points, or 0.15%, at 76,576.05 and Nifty was trading flat at 23,289.25.
Sensex Today Live : Gain India today announced plans to set up a 1,500 KTA ethane cracker project at Ashta District, Sehore, Madhya Pradesh, at a cost of ₹60,000 crore.
The company said it has requested the state government of MP to provide suitable enablers for the project, which includes around 800 hectres of land by the MP Industrial Development Corporation.
Following a favourable outcome of its enablers request, the company will seek the board's approval for the investment, it said in an exchange filing.
Sensex Today Live : "A record net inflow of ₹34,697 crore into equity-oriented schemes propelled the total inflows into mutual funds to ₹1.1 lakh crore for the month of May. Despite potential high volatility from FII selling, ongoing general elections, GDP data, and other minor events in May, investors remained steadfast in their pursuit of returns on the back of the Indian growth narrative, buoyed by confidence in the incumbent government securing a record third consecutive term.
SIP inflows for May reached ₹20,904 crore, up from ₹20,371 crore in April 2024, marking the second consecutive month of inflows exceeding ₹20,000 crore. As a result, the Assets Under Management (AUM) of the mutual fund industry increased by 2.9%, reaching ₹58.91 lakh crore.
While the return of the incumbent government bolstered confidence in the continuation of economic policies and widespread reforms implemented over the last 10 years, the largest party's lack of a clear majority tempered enthusiasm to an extent. Although coalition governments face challenges in consensus building and decision-making, infrastructure and nation-first initiatives introduced earlier are likely to receive support from allies across the political spectrum. The forthcoming 100-day action plan and a comprehensive Union Budget will provide a clearer picture of the government's priorities for the Indian economy."
Sensex Today Live : Seeking to capitalize on the growth potential of India's manufacturing sector, Baroda BNP Paribas Mutual Fund today announced the launch of Baroda BNP Paribas Manufacturing Fund.
The portfolio seeks to invest in companies that directly engage in manufacturing activity, aim to replace India's imports by manufacturing domestically, export goods produced in India, invest in new manufacturing plants and facilities, support the development of new-age technology solutions, offer allied services related to the entire manufacturing lifecycle, and are listed in India while having manufacturing facilities outside the country or vice versa, the company said in a press release.
Commenting on the NFO launch, Suresh Soni, CEO, Baroda BNP Paribas Mutual Fund, said, "The scheme offers a compelling investment opportunity as the manufacturing sector is poised for multi-decade growth fuelled by growing consumption, investments, exports, changing geopolitical dynamics and favourable government policy."
Sensex Today Live : R R Kabel today announced the launch of the Firex LS0H-EBXL, a low-smoke, zero halogen house wire solutions.
Firex LS0H-EBXL (Low Smoke Zero Halogen)–EBXL (Electron Beam Cross Linked) represents a significant breakthrough in electrical safety, utilizing an innovative electron beam cross-linked compound that is completely halogen-free and capable of withstanding temperatures up to an incredible 900°C, the company said in an exchange filing.
Sensex Today Live : Indian benchmark indices were trading on a muted note, weighed down by global cues, after opening at record highs on Monday.
At 2 pm, Sensex was up 158.76 points, or 0.21%, at 76,852.12 and Nifty was up 75.75 points, or 0.33%, at 23,365.90.
Sensex Today Live : HCLTech today announced the launch of HCLTech Enterprise AI Foundry to simplify and scale enterprise AI journeys.
HCLTech Enterprise AI Foundry is tuned for Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform (GCP), and is designed to scale for on-premise infrastructure. It removes the complexity of industrial-scale AI foundation models, data silos and overload of tools and frameworks, empowering IT leaders to establish seamless integration across IT and data assets, the company said in an exchange filing.
Sensex Today Live : Suprajit today announced the signing of a Share and Asset Purchase Agreement (SAPA) for the acquisition of the business of Stahlschmidt Cable Systems (SCS), out of insolvency proceedings in Germany.
SCS is a light duty cable maker, with a marquee customer base, low-cost manufacturing capabilities in Morocco, a strong German engineering and sales team, and China exports through Canada.
Headquartered in Germany, SCS has plants in Morocco and China, and is in the process of relocating its manufacturing operations from its plant in Poland to Morocco, when a funding crunch led to insolvency.
The transaction is expected to be completed in two stages. The first stage (Germany, Poland and Morocco) is expected to close on July 1, 2024, subject to certain debt reduction, critical restructuring and other Condition Precedents (CPs). A few months later, the second stage (Canada and China) will also be completed, subject to certain restructuring CPs in Canada and China.
When completed SCS will add €50 million in revenues and will form a key part of Suprajit's global supply chain footprint. The enterprise value of the acquisition is pegged at €13.5 million and equity value will be less after deducting corporate debt and debt like items, the company said in an exchange filing.
This transaction will be funded completely by internal accruals and cash on the balance sheet, the company added.
Sensex Today Live : Ahluwalia Contracts today announced that it has bagged a ₹383.98 crore-contract from Birla Arnaa LLP (a joint venture between Birla Estate and M S Ramaiah Reality) for civil structural and architectural work for project work Birla Trimaya Phase1, 2 at Devanahalli, Bengaluru.
The company has also secured another contract worth ₹98.80 crore, from Indian Financial Technology and Allied Services, for the MEP (mechanical, electrical and plumbing) work for the Enterprises Computing and Cybersecurity Training Institute at Bhubaneshwar.
Sensex Today Live : Indian benchmark indices were trading on a muted note, weighed down by global cues, after opening at record highs on Monday.
At 1 pm, Sensex was up 91.42 points, or 0.12%, at 76,784.78 and Nifty was up 54.65 points, or 0.23%, at 23,344.80.
Sensex Today Live : Castrol India today announced the launch of a new range of products within the Castrol EDGE line. The range now includes three new variants tailored for the passenger car segment, addressing the evolving needs of automotive consumers.
The company said in an exchange filing that it has launched the new range of products with a dynamic television commercial featuring Bollywood star and brand ambassador Shah Rukh Khan. The
Sensex Today Live : Confidence Petroleum India today announced that it has commissioned 13 more Auto LPG Dispensing Stations (ALDS).
With this addition, the total number of CPIL ALDS stations has increased to 261, the company said in an exchange filing.
Sensex Today Live : Barring the IT index, which was down 1.81%, all the other sectoral indices were trading in the green.
The Media index was the top sectoral gainer, followed by PSU Bank and Realty. The Bank and Financial Services indices were also trading ahead.
Sensex Today Live : The broader market was outperforming the benchmark indices, with the BSE SmallCap gaining 1.20% and the BSE MidCap climbing 0.60%.
Sensex Today Live : 16 of the 50 stocks on the Nifty 50 were trading in the red. Tech Mahindra, Infosys, Wipro, LTIMindtree, and Mahindra & Mahindra, were the top drags, while UltraTech Cement, Hero MotoCorp, Power Grid Corp., Grasim Industries, and Nestle India, were the top gainers.
Sensex Today Live : Half of the 30 stocks on the BSE Sensex were trading in the red. Tech Mahindra, Infosys, Wipro, Mahindra & Mahindra, and Titan, were the top drags, while UltraTech Cement Co, Power Grid Corp., Nestle India, NTPC, and Axis Bank were the top gainers.
Sensex Today Live : Indian benchmark indices were trading on a muted note, weighed down by global cues, after opening at record highs on Monday.
At 12 pm, Sensex was up 51.42 points, or 0.07%, at 76,744.78 and Nifty was up 39.80 points, or 0.17%, at 23,329.95.
Sensex Today Live : JASH Engineering today announced that it has received consolidated orders worth ₹65 crore in May 2024, out of which orders worth ₹44 crore are for Indian market and orders worth ₹21 crore are for markets outside India.
The company added that as of 1 June, consolidated orders worth ₹38 crore have been negotiated with clients and formal purchase orders are awaited. Out of this ₹33 crore are for Indian market and ₹5 crore are for projects outside India.
After negotiating an order, it may take up to 2 months to receive a formal Purchase Order from the client, it added.
The company also announced the opening up of a new office and plant by its subsidiary Waterfront Fluid Controls Ltd. at Glasgow, UK on 31 May, 2024.
The plant and office, having a built-up area of approx. 25,000 sq. feet, will be used for production for UK and surrounding markets, and will go a long way in boosting revenue of Waterfront from approx. ₹33 crore in FY24 to nearly ₹150 crores by FY29.
Sensex Today Live : BigBloc Construction today announced that SIAM Cement BigBloc Construction Technologies, a joint venture between it and Thailand’s SCG International Corporation Co., Ltd., (SCG International) has launched its India operations with the commercial production of its first plant in Kheda, Gujarat.
With the vision of launching next-generation walling solution for the Indian market, the joint ventures has invested around ₹65 crore in setting up a 2.5 lakh cubic meter per annum capacity project including India’s first AAC Wall plant at Kheda district near Ahmedabad (Gujarat).
The AAC Wall will be marketed under the brand name ‘ZMARTBUILD WALL by NXTBLOC’, the company said in an exchange filing. The joint venture company will also manufacture AAC Blocks, it added.
BigBloc holds 52% in the joint venture company while 48% resides with SCG International.
Sensex Today Live : Ajooni Biotech today announced that it has acquired 5,55,000 sq. yards (49,95,000 sq.feet) land on profit sharing basis in Harij village, Patan district, Gujarat for a new Moringa plantation.
The company said it will handle the entire process of moringa cultivation, from sowing to processing, giving it control over the entire value chain, which which will help in quality control, cost management, and product consistency.
Sensex Today Live : JSW Steel today announced that it has produced 4% less crude steel at 20.98 lakh tonnes in May 2024 on a consolidated basis, due to the planned maintenance shutdown of one of its blas furnaces at Dolvi.
The company, in an exchange filing, said, "JSW Steel reported consolidated Crude Steel production for the month of May’24 at 20.98 Lakh tonnes. The Crude Steel production was 4% lower YoY mainly due to a planned maintenance shutdown for one of the Blast Furnaces at Dolvi. The Blast Furnace has been restarted in the 1st week of June 24".
Sensex Today Live : Indian benchmark indices were trading on a muted note, weighed down by global cues, after opening at record highs on Monday.
At 11 am, Sensex was up 133.37 points, or 0.17%, at 76,826.73 and Nifty was up 63.75 points, or 0.27%, at 23,353.90.
Sensex Today Live : AXISCADES Technologies today announced the commencement of delivery of a significant number of Man Portable Counter Drone System (MPCDS) to the Indian Army.
The Man Portable Counter Drone System, developed by AXISCADES, is compact, portable, and operates on both battery and mains power. Covering multiple frequency spectrums, including Command & Control and Navigation, the system holds the ability to detect and jam a wide variety of drones within a range of up to 5 kilometres, the company said in an exchange filing.
Sensex Today Live : Pavna Industries today announced that it has acquired a land parcel of 4,335 sq. meters at the Integrated Industrial State, Pantnagar, Uttarakhand for its upcoming greenfield plant that will primarily cater to the demand of die cast components.
Pavna plans to utilize the logistical and cost benefits of the region to strengthen its presence in the domestic automotive sector and streamline its operations in serving Bajaj Auto, a key client, the company said in an exchange filing.
The company as a part of its ongoing and future expansion plans is setting up the new plant, with an aim to attract business from various original equipment manufacturers (OEMs) in and around Pantnagar, it added.
Sensex Today Live : JSW Energy today announced that construction activity for its Battery Energy Storage Project (BESS), which marks its entry into energy storage services has begun. The detailed engineering work, equipment ordering, and commissioning of the project is expected to be completed in Q4FY25.
It added that it has signed a seven-year green hydrogen supply agreement with JSW Steel for 3,800 tons per annum, along with associated green oxygen.
The company has also signed a memorandum of understanding (MoU) with JSW Steel to supply an additional 85,000 to 90,000 TPA of green hydrogen, along with 720,000 TPA of green oxygen, progressively by 2030.
In addition to green hydrogen, the company has started the construction of the 1.0 GWh BESS project awarded by SECI, expected to be commissioned by June 2025. The BESS project, consisting of two installations each with a 500 MWh storage capacity, is designed for two hours of storage in one cycle.
The project will be developed under a Build Own Operate and Transfer (BOOT) mechanism and will be transferred to the offtaker after 12 years, the company added.
Sensex Today Live : Barring IT, FMCG and Metal, all the other sectoral indices were trading in the green.
The PSU Bank and Realty Indices were the top sectoral gainers.
Sensex Today Live : The broader market was outperforming the benchmark indices and trading in the green. The BSE SmallCap index was up 0.65% and the BSE MidCap index was up 0.37%.
Sensex Today Live : Indian benchmark indices were trading in the red, weighed down by global cues, after opening at record highs on Monday, driven by positive cues from the formation of a new government in India.
At 10 am, Sensex was down 234.39 points, or 0.31%, at 76,458.97 and Nifty was down 43 points, or 0.18%, at 23,247.15.
Sensex Today Live : 22 of the 50 stocks on the Nifty 50 were trading in the red. Tech Mahindra, Infosys, Wipro, LTIMindtree, and HCLTech, were the top drags, while Power Grid Corp., UltraTech Cement, Cipla, NTPC, and Axis Bank were the top gainers.
Sensex Today Live : More than half of the 30 stocks on the BSE Sensex were trading in the red. Tech Mahindra, Wipro, Infosys, HCLTech, and Titan were the top drags, while Power Grid Corp., UltraTech Cement, Axis Bank, Reliance Industries and NTPC, were the top gainers.
Sensex Today Live : Artson Engineering has received a Letter of Award for a project worth ₹126.15 crore from the Guwahati International Airport.
Sensex Today Live : Godawari Power and Ispat's board will consider a buyback of equity shares on 15 June.
Sensex Today Live : RailTel Corporation of India has received an order worth ₹81.6 crore from the National Informatics Centre Services Incorporated (NICSI) for ICT infrastructure. The project, which includes supply, installation, configuration, commissioning, and integration of the infrastructure, is expected to be completed by 31 August, 2024.
Sensex Today Live : Marc Desaedeleer, an independent director on the board of wind energy major, Suzlon Energy, resigned from the company’s board due to concerns regarding compliance and transparency.
Sensex Today Live : Anil Ambani-promoted Reliance Infrastructure plans to raise $350 million ( ₹3,000 crore) through foreign currency convertible bonds (FCCB) to repay its rupee debt and start new businesses such as electric power generation.
Sensex Today Live : WIML has secured a big order worth $1.29 billion from Beulah International Development Corporation of the Philippines. The order is part of a strategic collaboration to revolutionise the public transportation system in the Philippines with electric vehicles.
Sensex Today Live : The company has secured new orders totalling ₹1,061 crore across its various business segments. These include orders for transmission lines and substations in India, a transmission line project in Malaysia, and supply of towers, hardware, and poles in the Americas.
Sensex Today Live : The bank has received an income tax refund order amounting to ₹2,701.62 crore for the assessment year 2016-17. The bank is currently evaluating the implications of this refund order on its financial statements.
Sensex Today Live : BCP Topco IX Pte, a Singapore-based private limited company linked to Blackstone, is set to sell a 10.6% stake in Mphasis at a base price of ₹2,350 per share. The transaction, valued at ₹4,700 crore, could potentially increase to 15.1%, raising the deal’s total potential value to ₹6,697 crore. The deal includes a 180-day lock-in period for the shares involved in the block deals.
Sensex Today Live : Indian benchmark indices opened in the green on Monday, led by positive cues from the formation of a new government in India and despite muted sentiment flowing from global peers.
At opening bell, Sensex was up 320.24 points, or 0.42%, at 77,029.45 and Nifty was up 61 points, or 0.26%, at 22,351.15.
Sensex Today Live : Indian benchmark indices were up at pre-open on Monday, driven by the formation of a new government and despite muted sentiment flowing from global peers.
Sensex was up 242.7 points, or 0.32%, at 76,936.06 and Nifty was up 29 points, or 0.12%, at 23,319.15 during pre-open.
“Last week, Nifty saw significant gains, with the Sensex hitting a historic high of 76,795.31. With Narendra Modi sworn in for a third term as Prime Minister and the RBI raising India's GDP growth projection to 7.2% for FY24-25, markets are expected to trade positively. Nifty's major support is at 23,000/22,507, with hurdles at 23,500/24,000. Options data suggests a trading range of 22,000-24,000, with significant call writing at 24,000 and put writing at 23,000. Preferred trades include buying Nifty between 23,000-23,100 and Bank Nifty between 49,500-49,600. Balkrishna Industries is recommended for buying at CMP 3202 with targets of 3,257/3,355 and aggressive targets at 3,551."
--Prashanth Tapse, Senior VP (Research), Mehta Equities
"After the roller coaster ride last week the market is likely to take a breather in the near-term. It is important to understand that the major driving force in this bull market is the Indian retail investors including HNIs. Big selling by FIIs is getting eclipsed by the aggressive buying of DIIs and retail investors. The fact that retail investors bought equity for ₹21,179 crores on June 4th, the day Nifty tanked 5.9%, indicates the buying power and optimism of the retail investors. This is a structural long-long term trend. FII selling on concerns of high valuations will be easily absorbed by DII plus retail buying. So, if FIIs swim against this trend, they will underperform in one of the best performing stock markets in the world. That said, retail investors should not chase highly valued mid and small caps. Safety is in largecaps."
--Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Sensex Today Live : In the fiscal year 2023-24, small-cap stocks experienced a remarkable rally, largely fueled by foreign portfolio investors (FPIs) placing bets on smaller Indian firms.
This surge, constituting about 35% of the total FPI equity investments in India ( ₹2.08 trillion), raised bubble concerns due to some opaque transactions. Specifically, ₹71,631 crore was invested into the top 100 companies of the BSE Smallcap index, accounting for 70% of the total smallcap investments, as per BSE shareholding data analysed by Mint. (Read the full story here.)
Sensex Today Live : Retail investors, encompassing individuals, Hindu undivided families, NRIs, proprietorship and partnership firms, and limited liability partnership firms, are demonstrating increased savvy in share trading. Notably, they surpassed both domestic and foreign investors in their trading strategy leading up to and on the election results day on 4 June, marking a rare occurrence of retail investors outperforming their counterparts. (Read the full story here.)
