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Mcap of 4 of top 10 companies hit Rs 1.71 trillion; HDFC Bank, LIC lead gainers

Four of the top 10 valued firms added Rs 1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India (LIC) emerging as the biggest gainers in line with an overall positive trend in equities.
India General Bharti Airtel While Tata Consultancy Services Life Insurance Corporation Of India Reliance Industries Life Insurance Corporation

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Metal stocks rally on strong China Data, US rate cut hopes

โ€‹Shares of metal companies surged Monday, leading gains in a session where benchmark indices hit lifetime highs. The Nifty Metal index also surged to a record, ending with near 4% gains on positive manufacturing data from China amid brightening prospects of a June start to the US rate easing cycle.
Aditya Welekar Prabhudas Lilladher Tushar Chaudhari Nifty Metal Reserve Bank Axis Securities

Main-board IPOs collect Rs 62,000-cr in FY24 on upbeat secondary mkt, strong retail participation

โ€‹Buoyant secondary markets, strong participation of retail investors, and robust flows from institutional investors helped 76 companies in raising nearly Rs 62,000 crore through mainboard IPOs in 2023-24, marking a 19 per cent surge from the previous fiscal year.
Mahavir Lunawat Medium Enterprises Pantomath Financial Services Group Initial Public Offerings Managing Director Pantomath Capital Advisors

US treasury yields advance after strong manufacturing data

โ€‹U.S. Treasury yields rose on Monday as stronger-than-expected manufacturing data raised doubts on whether the Federal Reserve could actually deliver on the three interest rate cuts outlined in its forecast at the last policy meeting. U.S. two-year and 10-year yields climbed to two-week peaks in the wake of the robust manufacturing data.
New York United States Jay Hawkins Stan Shipley Federal Reserve Institute For Supply Management

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