Shares of the private banks, which saw a huge rally this year, took a knock last month with two of the private bank biggies, Axis Bank and Yes Bank’s second quarter (July-September 2017) disclosing
Despite the ongoing boom in the primary market, the retail participation in initial public offerings (IPO) is woefully low in India.
Retail investors have matured and have become extremely choosy in the primary market, especially in the insurance space.
Another sector will join the Indian stock market on Monday with the listing of Reliance Nippon Life Asset Management, the first among 42 Sebi-registered mutual funds.
It has been a good year for the primary market.
In a surprising turn of events, a new set of stocks led benchmark indices Sensex and Nifty-50 to record highs on the day of equity derivatives expiry on Thursday.
The Reliance Industries stock hit a new high on Monday, closing more than 3 per cent higher at Rs 938.10.
The second quarter was a period of churn in stock holdings.
There are a handful of stocks, whose market price is above Rs 3,000 apiece.
The September quarter earnings season kicking off this week would reflect the impact of catalysts like GST rollout, demonetisation, early festive season buying, higher raw material cost, rupee-doll