Geojit Financial Services News

Dividend stocks: Geojit Finance, Balaji Amines, Jyothi Labs and Axtel Industries shares are trading ex-dividend today

Foreign Portfolio Investors (FPIs) invested ₹43,838 crore in Indian equities in May, the highest in nine months, and continued buying in June, with ₹6,490 crore invested in two trading sessions.

Indian stock market: The coming week is eventful with RBI MPC's monetary policy meet outcome scheduled on June 8, OPEC+ meeting on June 4, and S&P Global Services PMI on June 5. Here's what to expect:

The Nifty has been under selling pressure at higher levels since the middle of the May series after a strong start to the series.

Stock markets witnessed an unpredictable movement last week mainly driven by FII inflows quarterly earnings, US data, etc. In the coming week, market performance will depend on earnings of BPCL, Ashok Leyland, Hindalco, ONGC, etc, FOMC meeting minutes, US debt ceiling negotiations, etc

The video throws light on the evolution of financial services and trends in India. India is currently experiencing a significant shift in its relationship with money as the population moves towards investing in financial assets such as mutual funds, insurance, and the stock market. This transformation is driven by a rise in per capita income and an improvement in lifestyle, leading to a demand for managed investment solutions with higher post-tax yields. The Covid pandemic has also boosted investor participation in the stock market and insurance, while regulatory bodies have developed a more transparent financial ecosystem. Managed investment solutions are growing faster than bank deposits, and financial assets (other than bank deposits) are expected to reach ₹315 lakh crore in FY27 from the current ₹135 lakh crore, implying a CAGR of 18% in the next five years. With the financial services sector set to reap the benefits from this shift, the S&P BSE Financials ex Bank 30 Index offers investors an opportunity to gain exposure to the financialization of savings.

Leading broking firm Geojit Financial Services has introduced FLIP, its newest mobile trading platform in an aim to replace the current platform SELFIE and provide traders and investors a flexible and all-encompassing trading experience supported by a number of cutting-edge features.

The Sensex began the day 129 points higher at 62,157.10 and increased by 535 points to reach a high of 62,027.90 during the day. The index ultimately finished the day 318 points, or 0.51 percent, higher at 62,345.71, while the Nifty finished the day 84 points, or 0.46 percent, higher at 18,398.85.

This came following a net infusion of ₹11,630 crore in equities in April and ₹7,936 crore in March

Sensex closed 401 points, or 0.67 percent, higher at 60,056.10 while the Nifty closed at 17,743.40, up 119 points, or 0.68 percent.