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A determined Bangladesh team on Monday thrashed a spirited Nepal by 21 runs, booking the last berth of the Super Eight. With this, the final eight teams are now confirmed for the next stage of the ICC tournament.In the Super Eight, there are two groups. Australia, India, Afghanistan, and Bangladesh have been slotted into Group 1 of the Super Eight stage, confirming a face-off between three unbeaten teams at the tournament so far. South Africa, West Indies, USA and now England fill Group 2 of the second round.T20 World Cup Group Qualifiers From Group A, India and the USA teams have been qualified while from Australia and England have qualified from Group B. From Group C Afghanistan and West Indies have qualified for the Super Eight. South Africa and Bangladesh have qualified from Group D.India, Australia, Afghanistan, and Bangladesh will feature in Group 1 of the next round, whereas West Indies, South Africa, England, and the USA will feature in Group 2.Teams will be play three matches each during the Super Eight phase, with the top two sides in each group qualifying for the semi-final stage of the event.T20 World Cup Super Eight detailsThe Super Eight stage kicks off in Antigua on June 19 with a match between the USA and South Africa. That evening, the West Indies will face long-time rivals England in St Lucia.On June 20, undefeated India will play against Afghanistan in Barbados, a crucial game ahead of the knockout stages. This will also mark India’s first game in the Caribbean during the tournament.Afghanistan will seek redemption for their close loss to Australia in last year's ICC Men's Cricket World Cup when they meet on June 22 in St Vincent. Despite facing tough back-to-back matches, Rashid Khan's team has shown remarkable resilience throughout the tournament.Key fixtures continue: co-hosts West Indies will play South Africa in their final Group 2 match on June 23 in Antigua. Historically dominated by South Africa, the West Indies turned the tables last month with a clean sweep in a three-game T20I series at home.Another World Cup-centric match features India against reigning champions Australia in St Lucia on June 24.T20 World Cup Super Eight VenuesThe Super Eight matches of ICC T20 World Cup will be played in Antigua, Barbados, St Lucia, and St Vincent will host all 12 games in this round.ICC Super Eight Fixtures 19 June: USA v South Africa, North Sound, Antigua19 June: England v West Indies, Gros Islet, St Lucia20 June: Afghanistan v India, Bridgetown, Barbados20 June: Australia v Bangladesh, North Sound, Antigua21 June: England v South Africa, Gros Islet, St Lucia21 June: USA v West Indies, Bridgetown, Barbados22 June: India v Bangladesh, North Sound, Antigua22 June: Afghanistan v Australia, Arnos Vale, St Vincent23 June: USA v England, Bridgetown, Barbados23 June: West Indies v South Africa, North Sound, Antigua24 June: Australia v India, Gros Islet, St Lucia24 June: Afghanistan v Bangladesh, Arnos Vale, St Vincent

Post a dramatic wave of volatility, India VIX has now cooled off and the investors have readjusted to all the sentiments that were out during the last two weeks.The 50 component index Nifty50, ended the week by closing near its upward-moving channel. The index closed at 23,465, after making a new all-time high on Friday. On the other hand, Bank Nifty is still somewhere in the middle of its upward channel, giving a close at 50,002.As the indices inch towards newer highs, ET Markets interacted with analyst Chandan Taparia, Senior VP, Equity Derivatives & Technicals, Broking & Distribution at Motilal Oswal, regarding his views on Nifty and Bank Nifty along with an index strategy for the upcoming week. Following are the edited excerpts from his chat:The markets have been heading upwards swiftly, recovering the dips of the election outcome day. Do you expect a steady and gradual up move in the indices now in the near future? Or is it likely to proceed with its existing swiftness?The Nifty Index has moved by 4,650 points in the last nine months (recovered by 2,200 points in the June month itself) and any hiccups have been absorbed by the retail infusion despite continuous selling by the FIIs. It has been trading in an upward sloping channel and expected to continue this bull run. India VIX has significantly cooled off from its highs giving comfort to the overall sentiments. As of now till Nifty holds 21,800 zones, ongoing momentum can extend towards 24,000-24,500 zones with decent buying in many outperforming sectors.In the last week, the FIIs remained net short on the index futures, however, the number of contracts declined. Do you think this is the time they were waiting for, to come back?The political picture is clear and stable in India after the election results and the development growth story is intact. The magnitude of selling has decreased significantly in the last few sessions as FIIs long short ratio has improved from 12.75% to 46.34% in a matter of seven sessions which indicates a potential upside as witnessed historically. Volatility has fallen from its recent top of 30-31 and now quoting below 15 zones, FIIs usually turn back in the developing market where volatility is lesser with political stability so expecting them to back soon to drive the next leg of rally in Indian market.How do you read the current DII positioning? Previously, when FIIs were net short, DIIs were net long. But this week’s DII data indicates mixed sentiments. What does this mean?DIIs are still standing at net longs and have supported the market by consistently buying from the last eleven months.What does the Bank Nifty’s OI data indicate for the upcoming week?Bank Nifty OI has increased by 18% in this series so far with a price rise by 2% which indicates longs are adding in this index.As per the technical placement, Nifty seems to be near the resistance of the upward channel and also quite above from its moving averages. Do you think now is the time when the price might retrace from the resistance to test the averages?I don’t think that price will retrace much from current zones as we have already seen a correction on election result day and that was bought swiftly and smartly which clearly shows strength and bargain buying power of Indian retail and DIIs. I believe that by chance if any decline happens that could be the best opportunity to add more positions in the Indian equity market.If the above case is true, how can one hedge against the risk of fall in prices?This case is less likely but hedging can be done to avoid any unforeseen event. One can initiate a bear put spread by keeping in mind that the next volatile trigger could be the Budget session of the newly elected government. Any stock recommendations that you might have for the upcoming week?Positive view on Capital Goods (ABB, Siemens, Cumminsind), Auto (M&M, Motherson, Escorts), Shipping (Cochinship, Mazdock, GRSE), Defence (HAL, BEL, Paras), Pharma (Glenmark), Consumption (Indigo, Trent, ABFRL) Do you have any strategies or levels to play on Bank Nifty in the coming week?Bank Nifty needs to continue to hold above 50,000 zones for an up move towards 50,500 then 51,000 zones whereas on the flipside, supports are placed at 49,500 then 49,000 zones.Does the PCR data currently indicate any positions in Nifty?Nifty PCR has improved from 0.73 to 1.30 in the last nine sessions which indicates that put writers are creating a base in the market.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

The primary market is likely to see a renewed wave of IPO rush in the next three to four months with the general elections out the way. Data and multiple reports suggest that over 30 companies are ready to hit the market in the few months, aiming to raise over Rs 50,000 crore.Analysts said there are as many as 24 companies planning to launch IPOs worth Rs 30,000 crore."The IPO wave will gain further momentum in the coming months. We witness strong investor confidence in the market post-elections with the Modi government returning to power. A total of 24 companies are ready to hit the market in the next couple of months, aiming to raise approximately Rs 30,000 crore through IPOs," said Mahavir Lunawat, Managing Director, Pantomath Capital.Some of the expected IPOs in the next few months include that of Ola Electric, FirstCry, Fincare SFB, NSDL, Afcons Infrastructure, Waaree Energies, Asirvad Microfinance, Stanley Lifestyles, One MobiKwik Systems, Emcure Pharmaceuticals, Allied Blenders and Distillers, Shiva Pharmachem, Bansal Wire Industries among others.Apart from the above companies, South Korean automaker Hyundai Motor, Rekha Jhunjhunwala-backed Baazar Style Retail, Swiggy and Haldiram's are also planning to launch their in the next four to five months. Hyundai India has already filed a draft prospectus with the market regulator Sebi for a nearly $2.5-3 billion public offer.Meanwhile, snackmaker Haldiram is said to be exploring an IPO after plans to sell stake to foreign investors have stalled, according to reports. Kolkata-based Baazar Style Retail had filed for an IPO in early March this year, which includes a combination of fresh equity sale worth Rs 185 crore and an offer for sale (OFS) of 1.68 crore.Also Read: IPO Calendar: 8 issues set to ignite primary market in post-election surge next weekSwiggy, on the other hand, recently secured approval for an IPO of about Rs 10,414 crore ($ 1.25 billion) at an extraordinary general meeting of its shareholders. The food and grocery delivery company proposes to raise Rs 3,750 crore ($450 million) in fresh capital and the IPO will also include an offer-for-sale component of up to Rs 6,664 crore ($800 million).Other marquee IPOs to watch out for in next 6 monthsOla ElectricIndia’s largest electric two-wheeler maker Ola Electric is said to have secured markets regulator Sebi’s nod for its IPO and the issue could be launched in the next 2 months itself.According to the draft prospectus, the company proposed to raise up to Rs 5,500 crore through a fresh issue, apart from an offer-for-sale (OFS) component of 95.2 million shares.FirstCryBrainbees Solutions, the parent firm of online e-commerce platform FirstCry, has re-filed preliminary papers with Sebi to raise funds through an IPO, which includes a combination of a fresh issue of equity shares aggregating up to Rs 1,816 crore and an Offer For Sale (OFS) of up to 5.44 crore equity shares.One MobiKwik SystemsGurugram-based One MobiKwik Systems, a platform business with a two-sided payments network, has already filed its draft prospectus with Sebi to raise Rs 700 crore for its IPO.The public offer with a face value of Rs 2 is entirely a fresh issue of equity shares with no offer for sale component. The company is awaiting Sebi approval and analysts expect the issue to be launched in the next few months.Waaree EnergiesSolar PV modules maker Waaree Energies filed its draft red herring prospectus with capital markets regulator Sebi to raise funds through an IPO. The public offer includes a fresh issue of equity worth Rs 3,000 crore and an offer for sale (OFS) of 32 lakh shares.Allied Blenders and Distillers IPOLast month, Allied Blenders and Distillers received approval from capital market regulator Sebi to raise Rs 1,500 crore through an IPO including a fresh issue of up to Rs 1,000 crore. The issue could be launched in the next couple of months.Fincare SFB IPOFincare Small Finance Bank has already received market regulator Sebi's approval for its proposed initial public offer. The bank plans to raise up to Rs 625 crore by issue of equity shares of face value Rs 10.NSDLIndia’s largest depository National Securities Depository Limited (NSDL) has filed its draft prospectus for an IPO, which is completely an offer for sale (OFS) of 5.72 crore shares.

Mumbai: Systematic Investment Plans (SIPs) - a mutual fund equivalent of banks' recurring deposits - may be one of the best ways for retail investors to put money in equity schemes. Those looking to maximise the benefits of this investment method could consider SIP top-up - a system that allows you to increase the SIP amount annually.According to a study by WhiteOak Capital Mutual Fund, a SIP top-up can significantly boost absolute returns from equity products.111047378For example, an investor with a SIP of ₹10,000 in the BSE Sensex TRI (Total Returns Index) after 25 years would reach ₹2.71 crore. However, an annual top-up of ₹1,000 on the monthly SIP of ₹10,000 would grow to ₹4.26 crore, while an annual top-up of 10% on the same SIP of ₹10,000 would grow to a substantial ₹5.52 crore,"A SIP top-up helps you extend that discipline to your expected higher future surplus money as well," said the note by WhiteOak Capital Mutual Fund.Mutual fund investors have the option of doing a fixed amount top-up every year, wherein you can add amounts like ₹100 or ₹1,000 to your base SIP every year or opt for a variable amount top-up, which can be 10% or 15% of your original SIP amount."This method of topping up SIP can help young savers who have just started their job and expect their salaries to grow over time," said S Shankar, CFP, Credo CapitalFinancial planners said one of the biggest advantages of a SIP top-up is that it helps investors reach their goals sooner.

Mumbai: India Inc was less generous with dividends in FY24 than in previous 9 years amid an increase in capital expenditure with average capacity utilisation exceeding the long-term average. The dividend payout ratio was 34% in FY24, down from 43% in FY23 and 37% in FY22. Including buybacks, the payout was 38% in FY24 compared with 44% in FY23 or 41% in FY22.The dividend payout ratio is the proportion of a company's earnings paid to shareholders as dividends. This payout tends to be lower in times when companies spend more on expansion. Companies with a high cash flow in mature industries tend to have higher dividend payout ratios. About 1,300 companies paid ₹4.15 lakh crore in dividends in FY24, compared with their standalone net profit of ₹12.24 lakh crore. Additionally, 41 companies spent around ₹50,750 crore on share buybacks in FY24. The dividends paid in FY23 amounted to ₹4.44 lakh crore, while money spent on share buybacks was ₹21,500 crore.According to analysts, investments in several new projects are gaining momentum, with companies allocating more funds toward expansion. "After a long time, there is an uptick in capital expansion across many industries in India," said Gaurav Dua, head of capital market strategy, Sharekhan.111047300 What Top 15 Groups Paid "Consequently, it is not surprising to see a decline in dividend outgo as the money would be required to fund the expansion," Dua said.The top 15 industry houses in India paid an average of 43% of their profits as dividends in FY24, significantly lower than the 75% and 44% paid in the prior two fiscal years. The Tata Group led the list with a dividend payment of ₹32,000 crore, though this was 38% less than the previous year. Tata Consultancy Services (TCS) paid ₹42,090 crore in dividends in FY23 against ₹26,426 crore in FY24. Shiv Nadar's HCL Group paid ₹14,120 core in FY24, higher than ₹13,035 crore in FY23.Anil Agarwal's Vedanta group paid around ₹11,000 crore in FY24, marking an 84% decrease from the previous year's dividends of ₹69,997 crore. The payout ratio of the Mahindra and Bajaj groups dropped marginally in FY24. On the other hand, those of the Bharti Group, Aditya Birla Group, Sun Pharma, Hinduja Group and Torrent rose substantially."With the stock market creating enormous wealth over the last year, many promoters, instead of giving dividends, allocated more funds for capital expenditure," said G Chokkalingam, founder and CEO, Equinomics Research. "Additionally, some large companies rewarded shareholders through buybacks instead of dividends in FY24."At a recent NCAER event, chief economic advisor V Anantha Nageswaran noted a drawing down of surplus by the private sector, indicating a recovery in private capex. Private investment proposals sanctioned by banks rose by nearly ₹1 lakh crore to ₹3 lakh crore in FY24, according to India Ratings and Research.