Good morning, this is chiranjivi chakraborty, an equities reporter in Mumbai. Another Votile Day Awaits Indian Stocks, with Israel-Raran tensions showing no signs of a let up. Nothing sugges eater a breakdown or a breakout with the main gauges in a tighter coil than the broader market. The spotlight will be on bse’s shares after the exchange switched its deerivatives expiry to thursdays, which counting important its newfound heart in the futures and options.
Bse bulls on the backfoot as expiry day battle ends
The short-living expiry-day war between India’s main bourses may be over, but not in bse’s favorite. Nse has chown tuesdays for the expiry of its derivative contracts, prompting the bse to reschedule its settlement day to Thursdays. This means bse’s expiry day will now follow that of nse, reveresing its previous lead. Goldman Sachs on Monday Warned That BSE May Face A 3 Percentage Point Loss of Market Share And An 8% Cut in EPS Estimate If the Bourse Chooses CETLE SETLE SETLE SETLE SETLE SETLE SETLE SETLE SETLE STLES
Mutual Funds Emerge as Eager Buyers in Large Deals
Local Mutual Funds are Increasingly Active Participants in Block Trades of Key Consumer Stocks, Underscoring Growing Optimism About a Revival in the Consumer Sentment in the Coming Months. SBI Mutual Fund, ICICI PRDENIAL FUND, And HDFC Mutual Fund was among the biggest buyers in a $ 900 million block trade in asian paints and a $ 1.15 billion degra With the Block Deal Market Expected to Heat Up Further, Cash-Flush Mutual Funds Are Set to Absorb The Increased Supply With Ease.
Profit Margin Recovery May Sustain in June Quarter
Corporate Profit Margins are expected to Remain Stable in the 18.2% -18.5% Band during the June Quarter, Thanks to Robust Demand and Esing Input Costs, Including Cruding Crude Oil, Coal, Coal, and Steling to Rattings ICRA. Declining Interest Rates May Provide an additional boost to businesses. It expects some sectors such as Electronics, Semi-Conductor, and Niche Segments with the Automotive Space, Particularly Electric Vehicles, to Witness An Investments.
Three great reads from bloomberg today:
India’s Small-Sized Stocks Are On Track to Beat their larger peers for a second straight month, with improved earnings principles principles pointing to more gains this year. The nse nifty smallcap 250 index has advanced about 2% so far in June, outpacing a 0.4% gain in the Benchmark Nifty 50 Index. A 100-Basis-Point Cut in Borrowing Costs This year, Along with the RBI’s Cash-Boosting Measures, is Fueling Optimism That Companies Catering to Domestic Demand will beyfit more.
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-With assistance from kartik goyal.
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