Gold may slide lower if Middle East tension remains contained. Buy on dips (12-10-2024)
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 (12-10-2024)
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 (12-10-2024)
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.
Websol energy system ltd (12-10-2024)
Agree, and expansion will be challenging since there is not much to dilute/pledge with the promoter.
Block deals worth over Rs 16,400 crore this week. DMart, HDFC Bank among stocks with major action (12-10-2024)
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.