- Nifty 50: Started June at 23,337, dipped to a low of 21,281 amidst election volatility, but made a strong comeback, closing the month at 24,010. This marks a 7% gain for the Nifty 50, the strongest monthly performance since December 2023!
- Bank Nifty: Similar to the Nifty 50, the Bank Nifty also saw a volatile month. It opened above 50,889, dipped to 46,077, and closed at 52,342, registering a 12% increase.
- Election Jitters: The Indian general election results caused initial market uncertainty, leading to a temporary dip in both indices. (Read more: Livemint Lok Sabha Election Results Impact)
- SEBI Tweaks FAMPO Rules: The Securities and Exchange Board of India (SEBI) relaxed delisting norms and made changes to the framework for issuing fresh equity (FAMPO). (Read more: Financial Express SEBI FAMPO Rules)
- Mutual Fund Front Running Investigation: SEBI is actively investigating front-running activities by Quant Mutual Fund. Clients withdrew ?168 million within days, raising concerns about market integrity.
- Sebi raises basic demat account limit to ?10 lakh to boost participation: Increasing the limit of securities' value held in the Basic Services Demat Account (BSDA) will encourage small investors to trade in the stock market and ensure their financial inclusion.
- Issue Date 3 Jul - 5 Jul
- Price Range ? 960 to ? 1008
- IPO Size ? 1,952.03 Cr
- Min. Investment ? 13440
- Issue Date 3 Jul - 5 Jul
- Price Range ? 243 to ?256
- IPO Size ? 745 Cr
- Min. Investment ? 14094
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