- BSE Sensex went up by 6.47% to close at 51,937 in May 2021. Nifty 50 closed at 15,583 higher by 6.50% from 14,631 in April closing.
- On 24 May 2021, the combined market value of companies listed on the Bombay Stock Exchange (BSE) crossed the US $3 trillion mark for the first time.
- The markets are shooting up as the sentiment was boosted by the steady fall in covid cases and expectations of easing of lockdown. The rise is in spite of Foreign Portfolio Investors (FPIs) divesting Rs. 2,954 Crore from the Indian equity markets in the month of May.
- Amongst the BSE sectoral indices Power (13.51%), Capital Goods (11.09%), Industrial (10.39%) and Utilities (10.63%) were the best performers as all the sectorial indices registered gains.
Primary market Update:
There was no main board IPO in May 2021 as against two main board IPOs of Macrotech Developers Limited and Barbeque Nation Hospitality Limited in April 2021. There was no SME IPO in May 2021 as against three SME IPOs of Jetmall Spices and Masala Limited, Rajeshwari Cans Limited and EKI Energy Services Limited in April 2021.
RBI Bulletin (www.bulletin.rbi.org.in), SEBI (www.sebi.gov.in), NSE (www.nseindia.com), BSE (www.bseindia.com)
This material has been prepared by the personnel in Vora Corporate Finance which is Investment Banking arm of Vora Management Consultancy Private Limited and looks after Mergers & Acquisitions (M&A), Private Equity (PE), Fund Raising, Debt syndication and Valuations and is based out of Ahmedabad, Gujarat, India. Any views or opinions expressed herein are solely that of individual authors and may differ from view of Vora Management Consultancy Private Limited. This material is proprietary to Vora Management Consultancy Private Limited and is for your personal use only. Any distribution, copy, reprints or forward to others is strictly prohibited.
This material captures the information based on information available in the public domain, public announcements and sources believed to be reliable. Analysis contained herein is based on publicly available information and appropriate assumptions. This material is intended merely to highlight market developments and is not intended to be comprehensive and does not constitute strategic, investment, legal or tax advice. In no event Vora Management Consultancy Private Limited be liable for any use by any party or for any decision made or action taken by any party in reliance upon, or for any inaccuracies or errors in, or omissions from, the information contained herein and such information may not be relied upon by you for evaluating any transaction.
#mergersandacquisitions #privateequity #ipo #debt #debtsyndication #valuations #rating #creditrating #financeadvisory #finance #economy #indianeconomy #fundraising #capitalmarket #capital #banking #m&a #ma #pe #initialpublicoffer #businessloan #loan #businessvaluation #registeredvaluer #acquisition #merger #deals #financialdeals #ahmedabad #gujarat #india #ratingadvisory #mergersandacquisitionsahmedabad #maahmedabad #privateequityahmedabad #ipoahmedabad #financeadvisoryahmedabad #stockmarket #primarymarket #secondarymarket