Will Nifty continue its winning streak to trade above 19000- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
GIFT Nifty traded flat at 19,348 down merely 12 points or 0.06%, indicating a tepid opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously on Thursday, the NSE Nifty 50 soared 144.10 points or 0.76% to settle at 19,133.25, while the BSE Sensex added as much as 489.57 points to 64,080.90.
“A pause with dovish commentary from the Fed led to a rebound in the global and domestic market sentiment. Further, the fall in US bond yields indicates a prolonged pause in interest rates hike. And the domestic macros are favourable with positive auto numbers, a surge in GST collection, good factory data and better than estimated Q2 quarter earnings,” said Vinod Nair, Head of Research at Geojit Financial Services.
Stocks to watch: Adani Enterprises, Tata Motors, Vedanta, Lupin, IRFC
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The Big Business of Spooky Season
Vaughn Hazen is committed to Halloween. Though his annual cemetery-themed yard display in Montreal, Canada begins at the start of October, planning it is a much longer affair. The production includes decorations both purchased and homemade, and features a mausoleum, pumpkin patch, and a Nightmare Before Christmas section complete with a 13-foot Jack Skellington.
“We don’t consider Halloween to be a day of the year,” says Hazen, who began going all out for the holiday when he and his wife became empty nesters. “It’s kind of a way of life.”
Hazen is not alone in this. Halloween seems to come earlier each year: from grocery store aisles filled with costumes in July to viral decorations selling out the first week of October, shoppers and retailers alike are no longer waiting to embrace the holiday spirit.
For many the holiday is an excuse to indulge in outlandish outfits and Instagram-worthy home items—but the festivities come with a high cost. …
Stricter process, higher ticket size likely for SME IPOs
The over-a decade-old SME platform, which has seen a notable exuberance over the past few years, may need to undergo significant changes in regulations to deal with manipulation and liquidity issues. The recent NSE circular capping the opening price of SME IPOs at 90% of the issue price may just be the beginning of a slew of changes that may be on the way, according to experts.
In fact, this is not the first time that the exchanges have tightened the screws on the SME platform. In September 2023, additional surveillance measures and trade-for-trade frameworks were extended to the SME segment to discourage speculative trading.
The SME segment has seen a tremendous growth in the last few years. The number of issues has risen from 59 in 2021 to 182 in 2023, and 117 in just over six months this year, according to PRIME Database. However, there have also been allegations of price manipulation, with a number of stocks getting listed at unimaginable returns of 300-400%.
Mutual funds’ SIP collection soars to Rs 1.66 lakh crore in 2023; lower ticket size to push inflow
Investors are placing significant bets on systematic investment plans, or SIPs, with inflows rising to Rs 1.66 lakh crore in the first 11 months of 2023, while Sebi’s decision to lower the ticket size to Rs 250 will further boost investment.
The total invested in the first 11 months this year is way higher than Rs 1.5 lakh crore through the route in the entire 2022, Rs 1.14 lakh crore in 2021, Rs 97,000 crore in 2020, as per data with the Association of Mutual Funds in India (AMFI).
Going ahead, Akhil Chaturvedi, Chief Business Officer of Motilal Oswal AMC, anticipated a sustained and healthy year-on-year growth in overall SIP participation.