Sebi has launched a dedicated Foreign Portfolio Investor (FPI) outreach cell to enhance the experience of foreign investors in the Indian securities market. The cell will assist FPIs with documentation, compliance, and operational challenges, aiming to simplify the registration process and attract more foreign capital.

Societe Generale sold 74.15 lakh shares in SpiceJet through block deals, netting Rs 47 crore. Vikasa India EIF I Fund also sold 1 crore shares.–

Nifty’s minor positive candle with an upper shadow suggests a potential pause after its recent rally. The uptrend remains, but expect range-bound movement or a slight dip in the next couple of sessions. Key levels to watch are resistance at 26,250 and support at 25,800.

New Delhi is receiving USD 70-80 billion in foreign direct investments annually and aims to reach USD 100 billion per year. The government is easing norms in sectors like defense, railways, insurance, and telecom to attract more investments. FDI inflows have significantly increased over the past decade.

The planned IPO targets a Rs 3,000 crore fundraising through a mix of new shares and an offer for sale. The OFS comprises up to 32 lakh equity shares, with major contributions from Waaree Sustainable Finance Private Limited, Chandurkar Investments Private Limited, and Samir Surendra Shah.

HEG Ltd shares surged 10% after announcing a 1:5 stock split. The record date for the split is October 18. A 1:5 split means shareholders will receive five shares for every one they currently own.

Dipan Mehta, Director of Elixir Equities, discusses his strategy of maintaining 10-15% cash for strategic investments. He highlights the performance of his portfolio, mentioning key holdings like Bajaj Finance and IndiGo. Mehta also shares his positive outlook on the travel and tourism sector and cautious stance on the EMS space.

The government has established a special team to address grievances related to the MCA21 portal, used for company and LLP filings. The corporate affairs ministry regularly reviews concerns through various channels and aims to resolve urgent issues efficiently. Companies and LLPs are required to submit their annual filings soon.

Metal stocks like Vedanta, NALCO, and Tata Steel rose up to 4% as China’s central bank announced economic stimulus measures. The People’s Bank of China plans to lower borrowing costs and increase liquidity, leading analysts to be cautiously optimistic about a short-term rebound in metal prices.

Zee Media Corporation’s shares surged 19% to Rs 16.5 after announcing a board meeting on September 27, 2024, to explore fundraising options. The company plans to raise funds through various methods, pending necessary approvals. The stock has risen significantly over the past year, outperforming the Nifty index.