In this year's festive season, tremendous shine is being seen in the Indian gold market. India also overtook China in the purchase of gold. In the last three months, Indians have bought 51 percent more gold from China. Indians bought 248.3 tonnes of gold in the July-September 2024 quarter, which is 51 percent more than the gold purchased in China during this period. According to the latest data of the World Gold Council, Indians bought most of the gold in the form of coins and bars. At the same time, in July-September, India's demand for yellow metal has increased by 18 percent on year-on-year basis.
On the other hand, big business houses of tech and e-commerce have earned huge money in advertising revenue in the current financial year. For example, Google, Meta, Amazon and Flipkart have earned more than Rs 60,000 crore in advertising revenue, which shows a growth of 9 percent compared to last year. The Registrar of Companies (ROC) has also confirmed this. FY 2023 it was Rs 55,053 crore. For the first time, the Indian arms of Google and Meta have crossed Rs 50,000 crore in combined gross revenue.
The number of Indian investors has increased so far this year as compared to last Diwali. Despite the negative response of the stock market, the wealth of Indian investors has increased by Rs 453 lakh crore. The main reason for this is believed to be the stability of the Modi government at the Centre. According to Shripal Shah, MD and CEO of Kotak Securities, despite geopolitical concerns, election activities and good monsoon are the main reasons for this. Market experts believe that stability will yield good results.
L&T is keeping a special eye on aerospace expansion to boost India's $44 billion market. The move follows recent efforts by the government to open up the space industry to private companies, led by ISRO. The success of Chandrayaan-3 lunar landing and Aditya-L1 solar mission has created new opportunities for companies with advanced engineering capabilities.
While it is difficult to predict how fast it will grow and what its contours will be, according to L&T, it can definitely be said that it is going to leverage its 50-year relationship with ISRO to manufacture launch vehicles. Are.
Apple CEO Tim Cook is excited about Apple's manufacturing and exports in India. After the record export, he has confirmed the talks of opening four more new stores. The performance of iPhone and iPad in India is quite good. Apple announced its quarterly results. According to him, the biggest revenue record till date has been created. Cook said that we are excited by the environment we are seeing in India.
Amit Goyal, co-founder and chief global strategist of Pace 360, has said that the recovery in October is likely to provide better opportunities to investors. He said that I should also acknowledge the market sentiment, which was at its peak till the end of September. He said that we are optimistic about India's macroeconomic situation. With the improvement in October, we are in a better position. We have a clear runway of 2-3 months in which the Indian economy can perform well.
The World Health Organization has published a good report regarding TB disease in India. WHO report says that TB treatment coverage in India is in better condition. The campaign to reduce TB disease seems to be successful. The report said that data from the Global TB Report shows that 12.2 lakh people were successfully treated in 2023, which was 10.2 lakh in 2022 and 4.2 lakh in 2021.
Indian IPO has created a new record. Indian IPO has raised Rs 1.22 lakh crore so far in 2024. In the year 2021, this amount was Rs 1.18 lakh crore. About 70 percent of this record amount was collected since August. According to the data received, while a total of Rs 17,109 crore was raised from public issues in August, a record monthly amount of Rs 11,058 crore was raised in September and about Rs 38,700 crore in October. Earlier in November 2021, there was a record of raising the highest amount of Rs 35,664 crore from IPO.
According to the information, the four major IPOs in November – Swiggy, Segility India, ACME Solar Holdings and Niva Bupa Health Insurance – aim to raise a total of Rs 19,334 crore.
In October, DII made a net investment of Rs 98,400 crore in the market. A significant rise was seen in the Indian equity market. Despite FPI withdrawal, Nifty has increased by about 25 percent. The stock market fell 7.5 per cent in the last one month due to sustained selling by foreign portfolio investors (FPIs), while domestic institutional investors (DIIs), led by insurance companies and mutual funds, made a net investment of Rs 98,400 crore in the cash market. .
This year, small and midcap stocks have also won. Has performed better than the benchmark. Small and medium shares closed with gains. An increase of 32 percent was seen in gold. Both Nifty Midcap 100 and Smallcap 100 indices gave returns of about 38 percent. This is about 13 percent more than Nifty. It has performed much better than the index in 3 out of the last 4 years. Given this stellar performance, experts have advised investors to proceed with caution.
