Tue, Nov 26, 2024 4:48 PM
Buy Dalmia Bharat; target of Rs 2080: Geojit Financial Services
A Flip by Avya Verma
FIIs recorded a net purchase of ₹1,157.70 crore in equities on Tuesday, November 26, following a massive ₹9,947.55-crore inflow the previous day, provisional data shows. This signals a continuation of FII buying momentum after ending a record 38-session selling streak. In contrast, DIIs net sold equities worth ₹1,910.86 crore today, following their ₹6,907.97 crore sell-off yesterday (November 25).
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To remove a regulatory arbitrage, the market regulator has said that valuation of all mutual-fund investments in repurchase (repo) transactions shall be done on a mark-to-market basis. Until now, these investments and bank deposits were valued at cost plus accrual basis, and only money market and debt securities of certain maturity were valued at mark-to-market basis.
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The initial share sale of Rajputana Biodiesel has attracted strong interest from investors, getting full subscription on the first day itself, November 26. It was subscribed 16.53 times with investors buying 2.28 crore equity shares against the offer size of 13.85 lakh shares. The biofuels and by-products (glycerine and fatty acids) maker is raising Rs 24.70 crore through its public issue.
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