US President Donald Trump invested up to fifty thousand dollars in Elon Musk's SpaceX company. This investment occurred on June twenty-third, following the company's initial public offering. Third-party institutions manage the president's investment portfolio independently.
Gold prices reached a three-month peak on Monday, boosted by a weaker dollar and Treasury policy. Technical buying and strong ETF inflows also contributed to the precious metal's significant gains.
Sebi dropped proceedings against Max Financial and Axis entities. Allegations of disclosure lapses and fraud were not established by the regulator. The case involved transactions between Max Financial, Max Life, and Axis Bank. Sebi found no evidence of a fraudulent scheme to defraud shareholders. Proceedings were based on investigations from FY10 to FY22.
In the first quarter of this year, the growth rate of house prices in India decelerated to 3.6 percent compared to the previous year, down from 4.5 percent in the last quarter. However, there was a quarterly increase of 1.1 percent in the All-India House Price Index, primarily thanks to notable contributions from cities like Chandigarh and Lucknow. This trend signifies a general slowing of annual price growth by June.
SoftBank Group has sold a 2.6% stake in Lenskart for Rs 2,888 crore. This transaction reduced SoftBank's holding to 7.28% from 9.86%. Abu Dhabi Investment Authority's Platinum Jasmine Trust remains Lenskart's largest public shareholder. Many institutional investors, both domestic and foreign, participated in the block deal. Lenskart Solutions shares closed slightly lower on the BSE after the transaction.
Indian equities ended lower after erasing early gains, with Sensex falling 172 points and Nifty 33 points. Rising bond yields, Iran sanctions uncertainty and weak Asian markets pressured sentiment. Metals outperformed, while banking stocks lagged. Analysts expect Tuesday volatility.
Indian equities remained weak amid soft Asian markets, with large caps and PSU banks under pressure as bond yields rose. Metals outperformed. Analysts recommended Siemens and Engineers India, citing strong breakouts, positive momentum and potential upside despite geopolitical risks.
Y Combinator-linked entities sold 4.85 crore Meesho shares worth Rs 970 crore through block deals at Rs 200.01 apiece. Institutional buyers including Nippon India Mutual Fund, HDFC Life, Morgan Stanley, Goldman Sachs and Citigroup acquired significant stakes.
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