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Several stocks, including Gillette India, Rain Industries, Avenue Supermarts, IRB Infrastructure Developers, Sun Pharma Advanced Research Company, Trident, and Petronet LNG, crossed their 200-day Simple Moving Average (SMA) on June 28, 2023. Crossing the 200-day SMA represents a bullish trend and suggests potential price appreciation for these stocks. This milestone is significant for investors and traders, signaling upward momentum and a positive outlook for the stock.

Several stocks from the S&P BSE Midcap index surged to new 52-week highs, including MRF, Corforge, Aditya Birla Capital, L&T Finance Holdings, Lupin, M&M Financial Services, Muthoot Finance, PFC, Polycab India, REC, and Shriram Finance. These impressive performances indicate a bullish market sentiment. The data was sourced from BSE at 2.15 pm and may have a lag in real-time updates.

​​And then on the contrary, you find that Indian markets have, while they were stagnant for some point, today we are probably at all-time highs. So, you will always see this pattern that at different points in time, different stock markets of different countries are doing well.

Obviously, as we all know and understand that it is not about only timing or investing in the market, it is also about how long you have invested because that is when you actually get the real compounding and that is where your money multiplies.

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​​So, in a way, the very basis of the type of fund that this is, it gives you an exposure across the entire market, that is one of the main reasons why you find that these funds have done well and they have provided returns for their investors.

“We generally like businesses that generate cash and we have seen lack of cash generation from Western Europe and US businesses. Yes they can give you scale, yes they can give you dollar revenues but does that translate to cash flow? Does that translate to high ROEs? The evidence of that is still not there.”

Shares of CreditAccess Grameen fell over 6% after reports emerged that the promoter, Credit Access BV, plans to sell a 5.8% stake in the company through block deals. The transaction is estimated to be worth around Rs 1,100 crore. The stock was last trading at Rs 1,257.5 apiece, down 5.1% from the previous close. CreditAccess Grameen is a microfinance institution that provides micro-loans to women customers. As of March 2023, the company operates in 14 states and 1 union territory with 1,786 branches, serving over 42.6 lakh customers. Mutual funds hold a 10.2% stake, while foreign portfolio investors own 8.57%.

The stock quoted a 52-week high price of Rs 1063.45 and low of Rs 737.6.

Promoters held 38.19 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 18.24 per cent and 22.29 per cent, respectively.