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Even as it closed in the green on Wednesday, Nifty bank index failed to hold 50,000 level – a crucial resistance. A close above the same may add momentum, suggested experts. SBI, PNB, Bank of Baroda and Federal Bank led gains while ICICI Bank, Axis Bank, Bandhan Bank and AU Small Finance Bank saw selling pressure

On the final day of bidding, the IPO for Le Travenues Technology, the company behind the travel platform Ixigo, gained significant traction, with subscriptions reaching 47 times the offering size. Today marks the closing of the bidding process.

Top mutual funds like SBI Mutual Fund, Axis MF, Nippon India MF bought 19 midcap stocks, including Suzlon Energy, NHPC, and PB Fintech, the parent of online insurance aggregator Policybazaar.

​The primary market in India is expecting upwards of 24 IPOs in the coming two months, aiming to secure over Rs 30,000 crore in funds.

During May 2024, mutual funds maintained a favorable perspective on Indian equities, with net investments totaling approximately Rs 48,099 crore.​

​Definitely, you will see some kind of increased allocations for in the agri space or to increase the income in the hands of I would say the lower class but definitely the macro story about industrial capex, India manufacturing, domestic manufacturing that will remain.

There was a counter trend rally in China in April, but that has run out of steam quite badly in the last two or three weeks as the negative fundamentals have reasserted themselves, so that is nominal GDP growth that is running at only around a third of the level of India, a currency that is more susceptible to weakness than what you see in the case of the Indian rupee.

The US Federal Reserve is anticipated to announce its key policy decision, including the trajectory of interest rate cuts and navigation of the economic landscape amidst inflation concerns.