BSE Sensex went up by 0.31% to close at 59,307 in October 2021 as against 2.74% to close at 59,126 in September 2021. Nifty 50 closed at 17,672 by 0.30% higher from 17,618 in September closing. Sensex went down to 59,307 in October 2021 after hitting the 60,000 mark for time in September 2021.
Foreign Portfolio Investors (FPIs) divested Rs.13,550 Crore from the Indian equity markets in the month of October.
BSE Indices showed mixed trends. There was a fall in chemical stocks in October due to expectation of weak second quarter results of the chemical companies. There was a power outage in China which led to manufacturing parks either being closed or temporarily shut due to the shortage of electricity. The impact of this was seen on in the country as there was a sharp increase in the prices of basic chemicals in India.
Primary market Update:
There were 2 main board IPOs of Paras Defence and Space Technologies Limited and Aditya Birla Sun Life AMC Limited in October 2021 as against 3 main board IPOs in September 2021. There were 5 SME IPOs of Getalong Enterprise Limited, Shri Venkatesh Refineries Limited, Promax Power Limited, Adishakti Loha and Ispat Limited and Samor Reality Limited in October 2021 as against 5 SME IPOs in September 2021.
Acknowledgements:
RBI Bulletin (www.bulletin.rbi.org.in), SEBI (www.sebi.gov.in), NSE (www.nseindia.com), BSE (www.bseindia.com)
Disclaimer:
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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.
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