Stock Market Today Live Updates: Remedium Lifecare Ltd has announced a record date for a 3:1 bonus equity shares issue, set for July 6, 2024, pending shareholder approval. This news comes amidst a backdrop of market volatility due to the Lok Sabha Elections 2024, significant FIIs withdrawals, conflicting global cues, and geopolitical concerns.
In other news, India has emerged as a top market for IPOs in Asia, with $3.9 billion raised so far in 2024. Post-election, IPO activity is expected to exceed $20 billion over the next two years as confidence in India’s growth prospects rises.
Domestic indices Nifty 50 and Sensex remained flat in May, with Sensex closing down 0.70% and Nifty 50 down 0.33%. However, retail investors are bullish ahead of the exit polls, while FIIs remain cautious. The marketwide futures open interest at the start of the June series stands at a historic high of ₹4.06 trillion.
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