Stock markets have had a stellar run since their lockdown lows, with the BSE Sensex rising from 25,638 at the peak of the crisis in 2020 to 52,516 in mid-February 2021. Since then, it has been a slow grind, with the index hovering around the 50,000 mark. One of the clearest signs of the earlier euphoria wearing off is the dip in retail ownership of BSE 500 stocks. Consider this. There has been a decline in retail ownership – those holding up to ₹2 lakh nominal capital – in three out of five stocks in BSE 500 in December quarter. In fact, overall retail ownership of BSE 500 stocks fell from 6.9 per cent in September quarter to 6.8 per cent in December quarter. Individual investors had increased stake in almost two-third (338) companies in July-September. This fell to 207, or 41 per cent, over the next three months.
The fall was concentrated in the banking and financial services space — Indiabulls Housing Finance saw the highest decline of 560 bps followed by RBL Bank with 490 bps. The sectors where retail investors reduced their stake include finance (60 bps), automobile & ancillaries (50 bps), infrastructure (40 bps) and banks (30 bps).
Continue reading your story on the app
Continue reading your story in the magazine
Exiting The Easy Money Circle
THE RBI ADOPTED MULTIPLE REGULATORY FORBEARANCE MEASURES AND ULTRA-LOOSE MONETARY POLICY TO COUNTER ECONOMIC HEADWINDS. NOW IT HAS TO WORK OUT AN EXIT ROADMAP
FACTORY TO THE WORLD?
THE PRODUCTION LINKED INCENTIVE SCHEME AIMS TO BUILD AN INDIAN MANUFACTURING BASE ACROSS 13 KEY SECTORS. WHAT WORKS. WHAT DOESN’T.
Betting On BoT
WORSENING NHAI FINANCES ARE FORCING THE GOVERNMENT TO GO BACK TO THE BUILD-OPERATE-TRANSFER MODEL FOR ROAD PROJECTS
Dead Cat Bounce?
THE LATEST BUSINESS TODAY BUSINESS CONFIDENCE INDEX (BCI) SHOWS SLIGHT IMPROVEMENT IN OVERALL SENTIMENT DESPITE THE PESSIMISM AROUND ECONOMIC AND BUSINESS ISSUES
A Rough Ride
Once the leader in SUVs, Mahindra has lost its crown. The company is resetting its gameplan to stay clear of me-too products, replacing them with vehicles intrinsic to its DNA. Can it rise again?
“IF YOU HAVE THE BEST PRODUCT, YOU CAN FIND A WAY TO WIN ALL THE TIME”
John Bayne, Senior Vice President and General Manager, Mobile Consumer Electronics, Corning Incorporated
On The Slow Coach
Fifteen years in the making, only 650 km of the dedicated freight corridor has opened. Meeting the 3,381-km target by June 2022 appears a distant dream
A sharp increase in global crude oil prices has pushed retail rates of petrol and diesel to historic highs. Taxes are partly to be blamed, but reducing excise duties may not be easy for a cash-strapped government
Private security and facility management industry has bounced back from pandemic pangs, and is prepping for the big leap
In Good Company
ManageMents are integrating their corporate Milestones with what is good for people and the planet too
A Puzzling Year
How the hottest company in jigsaws handled sudden and exponential growth
Walmart's Online Sales Soar as Shoppers Stock Up on Supplies
Americans turned to Walmart’s online business as well as its stores for supplies and home goods as the virus surged in new regions, resulting in soaring sales for the fiscal second quarter.
Apple Warns China Virus Will Cut iPhone Production, Sales
Apple Inc. is warning investors that it won’t meet its second-quarter financial guidance because the viral outbreak in China has cut production of iPhones.
The Preppy Punk
Menswear line Noah brings an in-your-face honesty to luxury retailing
It's A Man's World
A modeling agency linked to Jeffrey Epstein is just one of the chain’s worries.
Instacart Doesn't Want ‘No For An Answer
Dozens of workers say the company’s app hectors them to take on grocery deliveries that aren’t worth their time, and that it doesn’t stop there.
Stitch Fix: In Data We Trust
An online retailer and styling service uses algorithms to remove bias in its clothing selections.
Carnegie Library: Inside Apple's New Flagship Store
Carnegie Library has been labeled Apple’s “most historic, ambitious restoration by far,” an Apple Store that’s more than two years in the making, costing over $30 million.
A Retailer Breaks All The Rules
Don Quijote won a cult following in Japan by giving local stores unprecedented control. Can that strategy work internationally?
Office Depot And Alibaba Opening Online Store
Office Depot and Alibaba.com are creating a co-branded online store to expand the reach of both companies with small and medium size businesses.