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So-called buffer or risk-managed ETFs help maximize returns from an asset for investors and simultaneously provide downside protection over a specific period. Buffer ETFs also typically see lower redemption requests during times of heavy market volatility.

The 10-year benchmark bond yields have been trading flat, but traders say that these levels are good. “Today there seems to be buying from mutual funds. They sold during the quarter end so they have to replenish their kitty”, they said. Liquidity eased a bit as the month began to a surplus of almost Rs. 28,000 crores due to government spending.

Based on average market capitalization from January to June 2024, seven stocks are poised to join the large-cap category. The list includes two-wheeler giant Hero MotoCorp, state-run companies BHEL and NHPC, along with Zydus Lifesciences, JSW Energy, Bosch, and Cummins India.

Murugappa Group is a prominent Indian conglomerate, encompassing nine listed companies with a combined market capitalization of Rs 4.36 lakh crore.

The market saw mixed performance across sectors, with IT, financials, and metals leading the gains, while energy and realty stocks faced slight declines of approximately 0.5%.

Shares of Chewy rose as much as 10% on Monday after a filing showed Keith Gill, the stock influencer known as "Roaring Kitty", had picked up a 6.6% stake in the pet products e-retailer.

Gold prices edged higher on Monday as a lower dollar prompted some short covering from investors with focus turning to U.S. jobs data due later this week that could offer more cues around interest rate cuts by the Federal Reserve.

Benchmark 10-year Treasury yields rose Monday to their highest levels since mid-June at the start of a holiday-shortened week that will likely be marked by low trading volumes.

The IPO, comprising a fresh issue of ₹1,000 crore and an offer for sale (OFS) of 1.77 crore existing shares, received overwhelming demand, with over 20 times subscription at its close. The company plans to utilize the funds from the fresh issue primarily for debt reduction and general corporate purposes.