SEBI revamps market cap computation basis for LODR compliance
Market regulator SEBI has modified the basis for the computation of market capitalisation of listed companies under its LODR regulations. As against an earlier practice of determining the applicability of provisions linked to market capitalisation on a single day’s market…
Mcap: 8 of top 10 most valued firms climb ₹1.47 lakh crore; LIC, Reliance major gainers
Eight of the top-10 most valued firms added ₹1,47,935.19 crore in market valuation last week, with Life Insurance Corporation of India (LIC) and Reliance Industries emerging as the biggest gainers. Last week, the BSE benchmark climbed 1,341.47 points or 1.84…
Equity indices extend rally in special trading session, Sensex ends at 74,005
Equity benchmark indices closed the special trading session on a firm note on Saturday, extending their rally to the third day running amid fresh foreign fund inflows. The 30-share BSE Sensex climbed 88.91 points or 0.12 per cent to end…
FPIs turn buyers, snap 11-session selling streak
Foreign portfolio investors turned buyers on Friday for the first time in May, snapping a 11-session selling streak that saw a selloff of over ₹37,000 crore in the cash market. Market pundits attribute the recent bout of selling to a…
Go Digit IPO subscribed 9.6 times
The ₹2,615-crore IPO of Go Digit General Insurance was subscribed fully on the last day of issue closing on Friday. The issue was subscribed 9.60 times. The IPO came out with a price band of ₹258-272. As against an offer…
Veerhealth Care secured export order from US supplier; shares trade weak
Veerhealth Care Limited secured an export order worth $197,793 (approximately ₹165 Lakhs) from an institutional supplier in the United States. This order follows a preliminary sample order of oral care products. Bhavin Shah, Managing Director of Veerhealth Care Limited, said,…
India’s PC market grows 2.6% in Q1 of 2024, 3.07 million units shipped: Report
India’s traditional PC market, including desktops, notebooks, and workstations shipped 3.07 million units in Q1 of FY24, registering a year-over-year (y-o-y) growth of 2.6 per cent, according to International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker. Also read:Major…
Stock Market Today: Sensex, Nifty decline 0.15%; Honeywell Automation, Dixon Technologies, Pricol, Titagarh Rail Systems rally on strong Q4 results
BSE Sensex declined by 109.15 pts or 0.15 per cent at 72,877.88 as of 12.35 pm, and Nifty 50 dropped 32.95 pts or 0.15 per cent at 22,167.60. Sectoral indices traded in a mix. Nifty realty rose 1.27 per cent to trade at 977.25…
Broker’s call: BEML (Accumulate) – The Hindu BusinessLine
Target: ₹4,004 CMP: ₹3,777.05 We revise our FY25 EPS estimate down by 2.6 per cent factoring in execution of a lower than expected order book and downgrade the rating to ‘Accumulate’ from Buy with a revised TP of ₹4,004 (₹3,345…
Share Market Today: Sensex, Nifty slip; Cipla, Coal India among top movers
BSE Sensex declined by 105.38 pts or 0.14 per cent to trade at 72,999.23 as of 12.31 pm, and Nifty 50 traded at 22,212.05, down by 5.80 pts or 0.03 per cent. Majority of the sectoral indices continued to trade positive. Nifty PSU Bank was up…
Allied Blenders, Vraj Iron get SEBI’s go ahead for IPO
Mumbai-based Allied Blenders and Distillers and Chhattisgarh-based Vraj Iron and Steel have received green signal from the Securities and Exchange Board of India (SEBI) to go ahead with IPO. The Indian-made foreign liquor (IMFL) maker eyes ₹1,500-crore initial public offering…
Mid-market: Sensex rises 73,000 level, Nifty at 22,190; Adani stocks advance
BSE Sensex rose by 229.47 pts or 0.32 per cent to trade at 73,005.60 as of 12.35 pm; and Nifty 50 was up 84.65 pts or 0.38 per cent at 22,188.70. India VIX was at 20.40, down by 0.97 per cent. Nifty pharma, healthcare index, and…
India needs to focus on factor market reforms to propel growth to double digit: ADB Chief Economist
India needs to focus on factor market reforms like land and labour, to propel India’s growth to a double-digit trajectory, ADB Chief Economist, Albert Park has said. Also read:FPIs, FIIs continue selling spree amid uncertainties in Indian markets “There are…
Mcap of six of top-10 most valued firms declines by ₹1.73 lakh crore; HDFC, LIC major laggards
The combined market valuation of six of the top-10 most valued firms eroded by ₹1,73,097.59 crore last week, with HDFC Bank and Life Insurance Corporation of India taking the maximum hit in line with weak equities. Also read:Mcap of 7…
Inflation data, Q4 earnings, global trends to drive stock markets this week: Analysts
Stock markets will be driven by domestic inflation data, ongoing quarterly earnings from corporates and global trends this week, analysts said. News flows around the general election would also be tracked by investors, market experts said. Besides, investors would also…
BSE to take steps to mitigate options volatility
The BSE is taking steps to mitigate sudden spikes in options prices. The bourse had seen sudden spurts in two of its derivatives indices on February 2 and April 12, which has prompted the exchange to ramp up surveillance measures….
SEBI bans SME firm from capital market for misusing IPO proceeds
Capital markets regulator SEBI has passed an interim order against Varanium Cloud, a company listed on NSE’s SME platform, banning the company and its managing director from accessing the securities market until further notice. The latter has been restrained from…
Why This Asset and Wealth Management Company is Investment Worthy
Buoyant markets tend to work favourably for those players that are part of the ecosystem. Brokerages, asset and wealth management companies and even private equity/investment players tend to be beneficiaries when markets are on a bull run. Motilal Oswal Financial…
Strides Pharma Science share price: USFDA approval pushes stock 1.64% higher
Strides Pharma Science Limited’s shares rose 1.64 per cent after the company announced that its subsidiary, Strides Pharma Global Pte Limited, Singapore, received approval from the USFDA for Sevelamer Carbonate Tablets, 800 mg. The company informed that the approval…
Indices crack on FPI selling, election uncertainty
The benchmark indices witnessed a sharp selloff on Thursday amid selling by overseas investors and nervousness around the outcome of the Lok Sabha elections. The Sensex slid 1,062 points, or 1.45 per cent, to 72,404; while the Nifty50 settled at…
Stock Market Today: L&T drags Sensex, Nifty at open; volatility index climbs
NSE Nifty 50 was down by 0.23 per cent, or 51.40 points, to 22,251, while the BSE Sensex was at 73,238, down by 0.31 per cent, or 227.50 points in early trade. A total of 2,979 stocks were actively traded,…
BSE to roll out single stock futures from July 1
BSE will launch single stock futures from July 1, the bourse said on Wednesday. This will be a fortnightly product and will be free of cost initially. Rival NSE currently offers over 180 stocks in index derivatives, but BSE may…
Midday markets show mixed trends; Nifty, Sensex down
NSE Nifty was down by 0.26 per cent or 57 points to 22,245, while the BSE Sensex was at 73,307 down by 0.28 per cent or 204 points. A total of 3,015 stocks were actively traded, 1,720 advanced, while 1,182…
RBI eases FEMA regulations to facilitate foreign investment in derivatives
Foreign investors will find it easy to invest in derivative investment as the Reserve Bank of India has amended the FEMA (Foreign Exchange Management Act) regulation to facilitate margin management for trading in permitted derivatives. This will be applicable for…
Sensex, Nifty inch up on rate cut hopes
Indian shares inched higher on Tuesday, driven by gains in consumer goods stocks and supported by renewed confidence that major global central banks will start lowering interest rates this year. The blue-chip Nifty 50 added 0.2 per cent to 22,491…
Options writers make huge losses on freak spikes in indices
Options writers were caught off guard by freak movements in the underlying indices last month, resulting in losses running into hundreds of crores for large individual traders, said two people in the know. The options strike prices saw unusual spikes…
Kotak Mahindra Bank shares climb nearly 5% after Q4 earnings
Shares of Kotak Mahindra Bank on Monday rallied nearly 5 per cent after the company reported a 25 per cent growth in its March quarter net profit. The stock climbed 4.85 per cent to ₹1,622.35 on the BSE. On the…
Green financing: India auctioned ₹20,000 crore worth sovereign green bonds in FY24
The government auctioned sovereign green bonds worth ₹20,000 crore in FY24, compared to ₹16,000 crore in FY23 to mobilise resources for green infrastructure projects, particularly for expanding renewable energy capacity. Also read:Indian bond yields stop swaying to the US tune…
Technical Call: Oil and Natural Gas Corporation – BUY
Long-term investors can buy Oil and Natural Gas Corporation (ONGC) (₹286) at current levels. The stock has been in a strong uptrend since April 2020. The price action from July 2015 to November 2023 indicates an inverted head and shoulder…
Technical Analysis: Trident, Goodluck India and Hindustan Motors
I have shares of Trident brought at ₹6.40. What is the long-term prediction for this stock? Can I continue to hold it? Arun Kumar, Coimbatore Trident (₹39.50): You have caught this stock at the bottom. It is now important for…
Aptus Value Housing posts 21% rise in Q4 consolidated PAT
Aptus Value Housing Finance Ltd has reported a 21 per cent increase in consolidated profit after tax at ₹164 crore for the quarter ended March 31, 2024, compared with ₹135 crore in the year-ago quarter. Also read:Aadhar Housing Finance IPO: Price…
Indices slide on selling in heavyweights
Selling by overseas investors in index heavyweights dragged down benchmark indices after a gap-up opening on Friday, capping a volatile week that saw the US Fed keep interest rates steady. Also read:Indices surge on global cues, rally in bank stocks…
F&O Query: Should you buy Canara Bank futures now?
What is the outlook for Canara Bank? Can I buy futures at the current level? – V Bhanu Canara Bank (₹625): The stock is in a long-term uptrend. Last week, it broke out of the hurdle at ₹620 and hit…
US Fed talk on interest rates may keep a lid on FPI flows
The US Federal Reserve’s interest rate googly may be a bit of a dampener for foreign portfolio flows into India in the near term. The Fed chair on Wednesday kept rates steady, hinted at delaying cuts, while shooting down talk…
L&T Technology Services inks pact with Forvia
L&T Technology Services has signed a contract with automotive supplier Forvia. The contract of engineering development activities is approximately valued at €45 million for its clean mobility division. According to the stock exchange filing, about 300 engineers from Forvia’s Augsburg…
Blackstone-backed Aadhar Housing Finance’s Rs 3,000-cr IPO to open on May 8
Aadhar Housing Finance Ltd, which is backed by private equity major Blackstone, is set to launch its ₹3,000-crore initial public offering (IPO) on May 8. The initial share-sale will conclude on May 10 and the bidding for anchor investors will…
Maruti Suzuki begins pre-bookings of Epic New Swift
Maruti Suzuki India Ltd has commenced pre-bookings of the fourth-generation Epic New Swift at an initial payment of ₹11,000. Partho Banerjee, Senior Executive Officer, Marketing and Sales, Maruti Suzuki India, said, “The Swift has been an iconic brand for Maruti…
Veranda Learning announces allotment of equity shares at ₹307 per share
The Chennai-based Veranda Learning Solutions, an enterprise offering end-to-end solutions in the education space, has allotted 20 lakh equity shares to the company’s promoters at ₹307 per share. This allotment follows the conversion of 20 lakh warrants, with the balance…
Trent stock hits record high; brokerages increase target price
Trent stock surged to hit a record high at ₹4,670 on the NSE after the company reported a 13-time rise in the consolidated net profit of the March quarter at ₹704.2 crore. Also read:Prabhudas Lilladher advises long-term SIP in Aditya…
Broker’s call: L&T Technologies (Overweight)
Target: ₹5,600 CMP: ₹4,714.85 L&T Technology Services (LTTS) is the second ER&D company after PSYS to do a growth margin tradeoff in order to drive MT to LT growth by making investments currently where demand has moved sideways in order…
ICICI Bank stock surges over 2% after strong Q4 results
Shares of ICICI Bank hit a lifetime high on the NSE at ₹1,136.90 on Monday’s trade after the company’s March quarter consolidated net profit grew 18.5 per cent to ₹11,672 crore, helped by lower provisions. The stock was trading at…
FPIs selling in equities continue unabated in April, withdrawing ₹6,300 crore till April 26
Foreign Portfolio Investors (FPIs) remained bearish on Indian equities going by the net outflows of ₹6,300 crore so far this month (till April 26) amid concerns around Mauritius Tax Treaty and US Bond Yield surge. The geopolitical concerns arising from…
MFs close in gap with bank deposit on back of strong growth, new investor addition
Thanks to uninterrupted bull run and renewed interest in equity investment, the quantum of assets under management of the mutual fund industry accounts for 26 per cent of the bank deposit as of March-end against 21 per cent logged in…
ATC Telecom Infrastructure exits Vodafone Idea; sells entire stake for ₹1,840 crore
ATC Telecom Infrastructure on Friday sold its entire 2.87 per cent stake in telecom operator Vodafone Idea for ₹1,840 crore through an open market transaction. American Tower Corporation (ATC) Telecom Infrastructure is one of the largest infrastructure service providers for…
NDTV earning jumps 59%, digital traffic up 39%
News broadcaster NDTV Ltd on Friday reported a 59 per cent jump in March quarter revenue as it expanded digital footprint, gaining a 39 per cent rise in traffic. Also read:Sony, Zee parting ways could rejig Indian media landscape Consolidated…
SEBI penalises BSE for inadequate fee payment on options contracts
Capital markets regulator Securities and Exchange Board of India (SEBI) has pointed out discrepancies in fees paid by BSE to the regulator on derivatives contracts. Also read: AMFI knocks on SEBI doors to resolve KYC impasse Since the introduction of…
Sensex, Nifty rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%
Equity benchmark indices climbed in early trade on Friday, extending their rally for the sixth day running, on heavy buying in Tech Mahindra and firm trends in Asian markets. The 30-share BSE Sensex climbed 176.47 points to 74,515.91 in early…
NSE cuts Nifty lot size to 25 from Friday
The revised derivative market lot of Nifty 50 will take effect from Friday. Earlier this month, the National Stock Exchange (NSE) announced a revision in lot size from 50 to 25 for Nifty50. The bourse had also reduced the market…
Markets set to open lower; Kotak Mahindra Bank in focus
The benchmark indexes are set to open marginally lower on Thursday, after gaining for four sessions in a row, with focus on Kotak Mahindra Bank after the Reserve Bank of India barred the lender from taking on new clients digitally….
Broker’s call: Cyient DLM (Buy)
Target: ₹887 CMP: ₹721.20 Cyient DLM Limited (CDLM) Q4-FY24 quarterly numbers were broadly in line with JMFe. Rev at ₹360 croreup 30 per cent y-o-y driven by growth in defence seg. (78 per cent y-o-y), aerospace seg. (52 per cent…
IPO screener: JNK India subscribed 0.49 times at end of Day 1
The public issue of heating equipment maker JNK India Ltd was subscribed 0.49 times. The issue, at a price band of ₹395-415, received bids for 53.91 lakh shares against the offer size of 1.10 crore shares (Net off anchor portion)….
Broker’s call: Adani Ports (Buy)
Target: ₹1,590 CMP: ₹1,322.30 In our initiating coverage report on Adani Ports & SEZ Ltd in Oct’23, we had highlighted that the company’s improving utilisation levels at its current ports, along with its ramping up of volumes at newly acquired…
IPO screener: JNK India issue opens today at ₹395-415 price band
The public issue of heating equipment maker JNK India Ltd opens today and closes on April 25 (Thursday) at a price bad of ₹395-415. The minimum lot size for the IPO stands at 36 shares. The ₹650-crore IPO is a…
Net profit for Sify remains flat in Q4; saw a steep decline in FY24
Sify Ltd, the Chennai-based ICT service and solution provider, reported a consolidated net profit of ₹3.8 crore for the fourth quarter ended March 31, 2024, as against ₹3.4 crore in the same quarter last year. Revenue was up 8 per…
Gift Nifty indicates a positive start for domestic market
The new week is likely to begin on positive note for domestic markets, despite global uncertainty. Analysts said the on-going result season will keep interest among individual stocks while the broader trend would be dictated by global sentiment. The upcoming…
2024 Elections: Profit booking post-elections coming anyway, Bernstein
Foreign Brokerage Bernstein, part of Societe General Group, sees profit booking post-elections in the Indian equity markets coming anyway, noting that the election results will only serve as a trigger point for the inevitable. Also read:Indices tumble over 1% on…
F&O Tracker: Bounce Back Prospects Emerge in Indices
Nifty 50 (22,147) and Bank Nifty (47,574) lost 1.7 per cent and 2 per cent respectively last week. Consequently, the futures contract of these indices too fell. Below is an analysis of futures and options data and projection for this…
Premier Energies to float IPO, to raise ₹1,500 crore
Premier Energies Limited, an integrated solar cell and solar module manufacturer with an annual installed capacity of 2 GW and 3.36 GW respectively, has filed the draft red herring prospectus (DRHP) with SEBI to raise over ₹1,500 crore through an…
Sachetisation of mutual funds, a small step in right direction
The sachet — till now identical with shampoos, pickles, kumkum and a host of other consumable products — will soon see a new product packed into it. Yes, small-amount mutual funds will hit the market soon, if the wishes of…
Broker’s call: Senco Gold (Buy)
Target: ₹1.277 CMP: ₹954.80 An all-India retailer of gold and diamond jewellery at various prices, Senco Gold has major market share in East with ~79% of its store presence (FY23) in the east India. With its focus on light-weight jewellery…
Sensex, Nifty open lower; IT stocks drag
Domestic market opened lower on Friday’s early trade. BSE Sensex was down by 477.79 pts or 0.66 per cent to trade at 72,011.20 as of 9.31 am, and Nifty 50 declined by 165 pts or 0.75 per cent to trade at 21,830.85. All sectoral indices traded…
ICICI Securities net doubles in Q4
ICICI Securities, soon-to-be-delisted, has reported a 104-per cent year-on-year rise in consolidated net profit for the quarter ended March 2024. Its net zoomed to ₹535.35 crore for March 2024 crore as against ₹261.95 crore reported in year-ago comparable period. Total…
DroneAcharya inks pact with CBAI Tech; stock surges over 5%
DroneAcharya Aerial Innovations Ltd has inked an agreement with CBAI Technologies Pvt Ltd for the procurement of 200 type certified training drones over a span of three years. Prateek Srivastava, Founder and Managing Director of DroneAcharya, said, “India is poised…
Infosys announces collaboration with Proximus
Infosys Ltd has announced a collaboration with Proximus, Belgium’s digital services and communications solutions provider, on the ServiceNow platform. The IT major has supported Proximus to standardise its existing processes on the ServiceNow platform and transform its customer service management…
Mutual fund folios doubled in last 5 years at 17.79 lakh crore: ICRA Analytics
Mutual fund folios nearly doubled in the last five years at 17.79 lakh crore in March 2024, up from 8.97 lakh crore in March 2020, ICRA Analytics said in its report. It noted that retail investors account for a large…
Broker’s call: ASK Automotive (Buy)
Target: ₹375 CMP: ₹309.20 ASK Automotive (ASK) is the leading manufacturer of 2W brake shoe and drum braking systems with a combined about 50 per cent market share. Despite being a late entrant, the company has emerged as a sizeable player…
Caplin Point Laboratories’ subsidiary gets ANDA approval for eye drops solution
Caplin Steriles Ltd, a subsidiary of Caplin Point Laboratories Ltd, has received final approval from the United States Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) ofloxacin ophthalmic solution USP 0.3% (eye drops). As per the…
Indian Indices crack amid West Asia crisis
Indian equities extended losses for a second straight day as Israel weighed its response to a direct attack by Iran. Shares fell across Asia. Gold held firm even as oil prices inched lower on hopes the diplomatic efforts would curtail…
TCS shares climb over 1.50% after March quarter earnings
Shares of Tata Consultancy Services (TCS) on Monday climbed over 1.50 per cent after the IT services major reported a 9 per cent growth in net profit at ₹12,434 crore in the January-March quarter of FY24 due to strong domestic…
Most PMS schemes beat Nifty in FY24
The majority of portfolio management services (PMS) schemes outperformed the benchmark Nifty 50 and BSE 500 in financial year 2024 amid a rally in mid and small-cap stocks. As much as 80 per cent, or 264 of the 324 schemes,…
A slew of new fund offers – time to take a deep look
Even as the primary market is buzzing with activity, mutual fund is not far behind, thanks to a vibrant secondary market. With most benchmarks from BSE Sensex and NSE Nifty50 to SmallCap/MidCap hitting new highs, fund houses are launching new…
Emerging-market bulls tout Modi premium as election nears
Under Prime Minister Narendra Modi, India’s stocks have commanded an unprecedented premium to emerging-market peers. As he seeks a third successive term, investors are betting that the performance can continue. Modi is likely to spend heavily on manufacturing and infrastructure…
Aster DM declares ₹118/share as special dividend
The board of Aster DM Healthcare on Friday approved a special dividend of ₹118 a share payable to those shareholders whose names stand on the Register of Members of the Company as on April 23 (record date). The dividend will…
Indices crack amid negative global cues
Indian equities slid over 1 per cent on Friday amid selling by overseas investors and negative global cues. The possibility of fewer rate cuts by the US Federal Reserve this year, surge in commodity prices and the amendment in the…
Nifty and Sensex dip marginally, market awaits positive opening
NSE nifty was down by 0.5 per cent or 112.86 points to 22,640.90 while the BSE Sensex was at 74,639 down by 0.53 per cent or 432 points. Also read:Sensex settles above 75,000-mark for first time, Nifty closes at record…
– The Hindu BusinessLine
Comments Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a…
L&T sells stake in L&T Infrastructure Development Projects
Larsen & Toubro Ltd has completed the sale of its entire equity stake in L&T Infrastructure Development Projects Ltd (L&T IDPL) to Epic Concesiones Pvt Ltd., a joint venture between L&T and Canada Pension Plan Investment Board (CPP Investments) holding…
CLSA warns Vodafone Idea share price could drop to ₹5
Even as Vodafone Idea (Vi) is looking to do a follow-on public offer to raise ₹20,000 crore, analysts at CLSA warned that shares of the cash-strapped telecom operator could drop as much as 61 per cent to ₹5, if the…
Sensex, Nifty edge up in early trade
The NSE Nifty was up by 0.25 per cent or 49.30 points at 22,692.05, while the BSE Sensex was at 74,847, up by 0.22 per cent or 163.41 points. A total of 3,126 stocks were actively traded, 1,677 advanced, while…
Sensex scales mount 75k, hits fresh intraday high
The benchmark Sensex hit a fresh high and nudged past the psychological mark of 75,000 on Tuesday before slipping in late trade due to profit booking. Also read:Markets settle lower after hitting record peaks in intra-day; Sensex breaches 75,000-milestone The…
Godrej Properties achieves record sales in Q4FY24, shares surge
Godrej Properties Ltd’s shares were up by 4.62 per cent after the company reported its highest-ever quarterly and annual sales figures for Q4 FY24 and FY24 respectively. Bookings surged by 135 per cent year-on-year to over Rs 9,500 crore in…
– The Hindu BusinessLine
Comments Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a…
Market optimism prevails: Sensex, Nifty up
BSE Sensex rose 347.29 points or 0.47 per cent to trade at 74,595.51 as of 9.44 am, Nifty 50 traded at 22,606.55, up 92.85 points or 0.41 per cent. A total of 3,239 stocks were actively traded, 2013 advanced, while…
Pre-IPO investment sees 3x surge in FY24
Companies that made their debut on the bourses in the last financial year raised over ₹1,300 crore by way of pre-IPO placements. Also read:Unrealistic valuations could hit IPO prospects of internet companies This is three times the amount collected through…
Vodafone Idea’s ₹20,000 crore share sale to hit market soon, roadshows garner investor interest
Telecom operator Vodafone Idea’s share sale of ₹20,000 crore through a follow-on public offer is expected to hit the market within a month, sources said. Roadshows have already drummed up support from institutional investors. Despite the huge size of the…
APSEZ: What Should Investors Do?
Last week, APSEZ announced the acquisition of Gopalpur Port in Odisha, which will make it the seventh Indian port to be acquired by the company since 2014. It currently has a total capacity to handle around 607 million metric tonnes…
Bharti Hexacom IPO subscribed 30 times, thanks to QIBs
Thanks to a strong response from institutional investors, the public issue of Bharti Hexacom was subscribed nearly 30 times. The ₹4,275-crore issue, which opened at a price band of ₹542-570 on Wednesday, received bids for 123.24 crore shares against an…
Vijay Kedia-backed TAC Infosec jumps 3-fold on listing
TAC Infosec, risk and vulnerability management company, on Friday made a strong debut on the NSE Emerge platform. The stock was listed at ₹290, a premium of 174 per cent over IPO price of ₹106. The stock rose further to…
Morning market: Sensex, Nifty open lower ahead of RBI’s policy decision
Benchmark indices traded marginally lower on Friday’s morning trade. BSE Sensex traded at 74,063.24, down by 164.39 or 0.22 per cent as of 9.30 am, and Nifty 50 traded at 22,478.55, down 36.10 or 0.16 per cent. The Reserve Bank…
Broker’s call: Muthoot Finance (Buy)
Target: ₹1,948 CMP: ₹1,664.85 Muthoot Finance is in a sweet spot, given robust growth prospects backed by sound fundamentals and sectoral tailwinds. Fundamentals are underscored by proven moats of leadership and higher productivity (AUM per branch at ₹14.50 crore vs…
IPO screener: Bharti Hexacom subscribed 0.34 times on Day 1
The public issue of Bharti Hexacom was subscribed 0.34 time at the end of Day 1 issue opening on Wednesday. The ₹4,275-crore issue, which opened at a price band of ₹542-570, received bids for 1.41 crore shares against an offer…
Sensex, Nifty end flat amid volatility
Benchmark indices Sensex and Nifty, which opened on negative note tracking global markets, especially the US, ended flat on Wednesday. The 30-share BSE Sensex declined by 27.09 points to close at 73,876.82, recovering from day’s low of 73,757.23. The broader…
Bharti Hexacom issue opens today at ₹542-570 price band
The ₹4,275-crore initial public offering of Bharti Hexacom opens for public subscription today at a price band of ₹542-570 a share. The IPO closes on April 5 (Friday). The minimum lot size for an application is 26 shares. The entire…
Shorter settlement has benefited market: SEBI chief
The adoption of a shorter settlement cycle has benefited the securities ecosystem, said the chief of Securities and Exchange Board of India (SEBI). Speaking at an annual summit on corporate governance organised by the Confederation of Indian Industry, SEBI chief…
.jpg)
Stocks that will see action today: 2 April 2024
Infosys Ltd has received order under Section 201 & 201(A) of the Income-Tax Act, 1961 from the Income Tax Department, Government of India for assessment year 20-21 with a tax demand of ₹341 crore (including interest). The company is in…
Indices start new fiscal on winning note, hit fresh highs
Indian equities started the new financial year on a strong note, hitting fresh highs, amid positive global cues. The Sensex ended with a gain of 363 points, or 0.49 per cent, at 74,014. The Nifty rose to 22,462, up 0.6…
Sterlite Technologies widens partnership with Vocus
Sterlite Technologies Ltd (STL) has deepened its partnership with Vocus Group, a fibre and network solutions provider in Australia. STL has been involved in developing optical fibre solutions tailored to Vocus’ goal of delivering high-speed connectivity across Australia. Also read:Sterlite…
F&O Strategy: Bull Call Spread on HDFC Bank
The stock of HDFC Bank (₹1,447.90) has been consolidating in recent weeks since a sharp fall in November. The stock finds immediate support at ₹1,400 and ₹1,304. A fall below the latter will change the outlook negative. On the other…
F&O Tracker: Rudder in Bulls’ Hands
Nifty 50 (22,327) and Bank Nifty (47,125) extended the gain for the second week as they appreciated 1 per cent and 0.6 per cent respectively in the last week. Below is an analysis of the derivatives data of both indices….
Income Tax dept targets startups over share premium, issues notices
Mumbai Income tax authorities have issued notices to several startups in connection with the share premium money they received a couple of years ago, said two people in the know. The tax department has asked for details of the nature…
Investors reap rich harvest in both equity and gold amid huge volatility in FY24
With both equity and gold prices hovering around record highs, market experts believe investors should review their portfolio and book some profit from equity for allocation to gold, as it has more steam to rally after the US rate cut….
India Inc mop-up via IPO rises 19% to ₹61,000 crore in FY24
The funds mobilised by India Inc through the IPO route in this financial year was up 19 per cent to ₹61,000 crore compared to ₹52,116 crore raised in FY23. Also read:Why India Inc is slow to adopt AI tech However,…
Broker’s call: BEL (Buy) – The Hindu BusinessLine
Target: ₹250 CMP: ₹201.45 Bharat Electronics Ltd (BEL) was founded in 1954 under the aegis of the Government of India’s Ministry of Defence, with a primary objective to fulfill the electronic equipment necessities of the defence sector. The organisation is…
Indian equities beat most major markets in FY24
The benchmark indices logged gains on the last trading session of the financial year aided by positive global cues. The Sensex rallied nearly 1,200 points, intra-day before closing at 73,651, up 0.9 per cent. The Nifty rose 0.9 per cent…
Sensex, Nifty set for weak opening amid mixed global cues
The domestic stock market is likely to open on a negative note on Thursday amid mixed global cues. Gift Nifty at 22,220, compared to Nifty April futures value of 22,331, indicates a gap-down opening. Most equities across the Asia-Pacific region…
Nifty to remain around 24K level, says Emkay Global
Emkay Institutional Equities, a part of Emkay Global Financial Services Ltd, reiterates its stance of Nifty to remain at 24,000 level. Emkay expects the market to rebound in 3-6 months, when SMIDs (Small- and Mid-Caps) would start to outperform again…
Stock that will see action today: 27 march 2024
According to media buzz, Standard Chartered Bank-corporate banking is likely to sell its entire 7.18 per cent stake in Central Depository Services (India) Ltd (CDSL) and the floor price has been fixed at ₹1,672 a share. Private equity firm Olympus…
BSE set to roll out T+0 settlement from Thursday
BSE Limited is “fully geared” to launch the beta version of T+0 settlement for 25 securities starting March 28, its MD & CEO Sundaraman Ramamurthy said on Tuesday. On strategic plans to increase its share in India’s derivatives market, Ramamurthy…
Sensex, Nifty likely to open flat with negative bias, volatility ahead of F&O settlement
Domestic markets are expected to open flat with a negative bias on Tuesday after a long weekend. Analysts expect the market to remain volatile ahead of the monthly F&O settlement. As fiscal 2024 comes to an end, adjustments in accounts…
Fall in mid, smallcaps may spur rejig in MF flows
Small- and mid-cap schemes are likely to see lower inflows in March after the recent correction in the space and the regulatory diktat to conduct stress tests on such schemes, said industry officials. Also read:MF small-cap schemes plunge into the…
Mother Dairy expects 30 per cent demand surge this summer for milk products: MD Manish Bandlish
Mother Dairy will launch this summer 30 new products, mainly in ice cream and yoghurt categories, as it expects a 25-30 per cent increase in consumer demand, a top company official said. Also read:Mother Dairy to invest ₹750 crore to…
Investors vote against Religare Enterprises proposals
The shareholders of Religare Enterprises have voted against both the company’s proposal to invest in its subsidiary MIC Insurance Web Aggregator and the proposal changes to the Article of Association. Also read:All disclosures on MIC investment made: Religare Enterprises With…
.jpg)
Midcap space most expensive segment of the market: Aniruddha Naha, CIO, Alternatives, PGIM India AMC
Equities may give high single-digit or low double-digit returns this year given the inflation scenario, rising raw material costs, and subdued earnings growth over the next two quarters, says Aniruddha Naha, CIO, Alternatives, PGIM India AMC. Naha believes that commodity…
Heavy subscription does not guarantee listing gains
A recent trend in the primary market offers a valuable lesson for traders, especially those who wish to bet on high subscription figures. With certain company IPOs being fully subscribed within minutes or hours, there arises a temptation for some…
Broker’s call: Punjab National Bank (Buy)
Target: ₹140 CMP: ₹122.70 Punjab National Bank`s return ratios have been still depressed versus its peers due to higher provisions and high operational costs but is likely to improve hereon. Earlier, credit cost was higher led by higher net NPA…
Broker’s call: Adani Ports (OP)
Target: ₹1,562 CMP: ₹1,280.95 Adani Ports and SEZ (ADSEZ) has consistently gained market share, driven by organic growth from its Gujarat-based ports and through strategic acquisitions at reasonable valuations. The turnaround of these acquired assets has accelerated its market share…
Sensex, Nifty set to open higher; IT stocks in focus
India’s equity benchmarks BSE Sensex and NSE Nifty50 are likely to open marginally higher on Friday after joining the global rally in the previous session as the US Federal Reserve stuck to its rate cut forecast, while other Asian peers…
IPO Analysis: Krystal Integrated Services Lists at ₹795
The stock of Krystal Integrated Services ended its first of listing at 0.38 per cent lower on Thursday at ₹712.30, against the IPO price of ₹715. Though the stock of facility management and security services provider listed on positive note…
Markets Set to Rise on Positive Global Cues: US Fed Holds Rates
The domestic markets are expected to see a sharp rise at open, thanks to positive global cues triggered by US Federal’s expected stance. Holding the key interest rates unchanged for 5th straight time at 5.50 per cent, the US Fed…
Political stability to bode well for market sentiment: UBS
Political stability would likely lead to policy continuity, which could bode well for market sentiment, UBS said in a note. The elections could result in three likely scenarios – BJP single-party majority; BJP-led coalition or a weak coalition led by…
Sensex Nifty likely to open on a positive note
Domestic markets are expected open on a flat note with a positive bias on Wednesday. Analysts said the selling in small- and mid-cap stocks may moderate. However, they do not expect any quick buying from these segments. Meanwhile, as the…
World’s largest sovereign fund ups India bet in CY23
Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund with a portfolio value in excess of $1.4 trillion, raised its India bets last year amid a surge in Indian equities. Its Indian holdings as a percentage of its…
Stock Market Live Updates 19 March 2024: Stocks in Asia muted ahead of BOJ rate decision
Tata Sons, the holding company of the Tata Group, will be selling 2.34 crore shares or 0.65 per cent equity of Tata Consultancy Services through a block deal for ₹9,362.3 crore ($1.13 billion). According to the term sheet, seen by…
Option traders caught offguard by the Election Commission June results announcement
Prices of Nifty and Bank Nifty options across the strike prices crashed today, as traders did not expect the election results to be announced in June. Generally, traders accumulate positions ahead of volatile events such as elections, budgets etc. Likewise,…
Stocks that will see action today—March 18, 2024
The Centre has granted its approval to insurance major LIC for a wage revision for its employees, effective August 1, 2022. The pay has been revised upwards by 17 per cent. The US has widened its investigation of Adani Group…
US Fed interest rate decision key event to watch out for this week: Analysts
Stock markets would take cues from the biggest event of the week — the US Fed interest rate decision, besides tracking the trends in global markets and trading activity of foreign investors, analysts said. Also read: Gold glitters on cues…
Broker’s call: Vinati Organics (Accumulate)
Target: ₹1,844 CMP: ₹1,583.10 Vinati Organics enjoys global leadership in two specialty chemicals, with a market share of 70 per cent in IBB (isobutyl benzene) and 80 per cent in ATBS (2-Acrylamindo 2-Methylpropane Sulfonic Acid). In 9MFY24, revenue dipped by…
Broker’s call: JB Chemicals & Pharma (Add)
Target: ₹1,720 CMP: ₹1,550.75 We hosted investors for a visit to JB Chemicals’ Daman lozenges facility to better understand the outlook. Key takeaways include: Geographical expansion with same customer, tech transfer for customer owned product and owned product push are…
Beta version of same-day settlement gets SEBI nod
The board of Securities and Exchange Board of India (SEBI) on Friday gave its nod for the launch of a beta version of optional T+0 settlement for 25 scrips with a limited set of brokers. The board has approved a…
Price cut on petrol, diesel deflates OMC stocks
Shares of oil marketing companies come under pressure after a late-night sudden announcement of cutting diesel and petrol price by ₹2 each at retail outlets. Hindustan Petroleum Corporation slumped 6.24 per cent to ₹468.95 on the BSE, Indian Oil Corporation…
Stock that will see action today: 15 March 2024
Reliance Power has signed a Settlement Agreement with Axis Bank Ltd (Axis) on March 14 for the purpose of the debt settlement. The entire obligations with respect to the borrowings of the Company has been settled. Axis holds two equity…
Broker’s call: Balrampur Chini (Buy)
Target: ₹500 CMP: ₹356.05 The current share price of Balrampur Chini (trades at 10.5xFY26EPS), we believe, disregards: improving sugar prices (ex-mill sugar price at 37-38/kg despite the peak production season) with likely reduction in acreage in Maharashtra and Karnataka (water…
Stock Market Live Updates 14 march 2024
https://play.google.com/store/apps/details?id=com.intelegain.rb Recent Interview… As of 18:27 PM Wednesday 13 March 2024 Allcargo: Ravi Jakhar, Director Will Continue To Gain Market Share Above Industry Average: Allcargo Logistics Metropolis: Ameera Shah, MD Core Diagnostics Business Has Outpaced The Industry As Of 9MFY24:…
Vedanta to appeal against SEBI order levying ₹78 crore penalty
Anil Agarwal-led Vedanta has decided to contest the SEBI order of levying a penalty of ₹78 crore on delayed dividend payments to Cairn UK Holdings (now Capricorn UK Holdings) Ltd (CUHL). The dividend payment to CUHL was withheld due to…
Stocks that will see action today: 13 March 2024
The market regulator has ordered Vedanta Ltd to pay ₹77.62 crore to Scottish explorer Cairn for delay in payment of dividends, and also barred the firm’s entire board, including his brother Navin and daughter Priya, from accessing the capital market…
Broker’s call: JK Infraprojects (Buy)
Target: ₹800 CMP: ₹601.95 We initiate coverage on J Kumar Infraprojects Limited (JKIL) with a BUY recommendation and a Target Price (TP) of ₹800/share, implying an upside of 25 per cent from the CMP. We believe JKIL, with its substantial…
Stocks that will see action today (March 12, 2024)
British American Tobacco Plc is preparing to kick off a sale of part of its stake in Indian partner ITC Ltd. as soon as this week, a Bloomberg report quoting people with knowledge of the matter said. London-listed BAT has…
Broker’s call: Gail India (Buy)
We visited the Vijaipur plant of GAIL (India) and were joined by senior management from the company. The management highlighted two futuristic projects, which form the cornerstone of the net zero and gas penetration strategies: the first entails a 4.3…
Stock Market Live Updates 11 March 2024: Index Outlook: Sensex, Nifty 50: Bullish outlook remains intact
Sensex, Nifty, Share Prices LIVE: The Infibeam Avenues stock has been in a strong uptrend. The inverted head and shoulder pattern on the daily chart strengthens the bullish case. Amber Enterprises, Hitachi Energy India and Rallis India are among the…
SEBI notifies regulations for small and medium REITs
Securities and Exchange Board of India has notified the regulations for small and medium real estate investment trusts and specified that investment managers of such REITs should have a minimum net worth of ₹20 crore and the REITs can raise…
India to see record FPI inflows in FY24 on strong economic growth
The current fiscal year FY24 is set to end with record net inflows from Foreign Portfolio Investors (FPIs) into the Indian market, with net investments close to ₹12,000 crore ($1.4 billion) in March first week, after a tepid show in…
Venus Remedies gets marketing authorisation for oncology drugs in Ukraine
Venus Remedies has received marketing authorisation for its oncology drugs in Ukraine. This includes Paclitaxel, 100mg/16.7mL, 260mg/43.3mL, 300mg/50mL and 30mg/5mL, Oxaliplatin in concentrations of 50mg/10mL and 100mg/20mL, and Irinotecan in formulations of 100mg/5mL and 40mg/2mL. The company had been awarded…
Small-cap mutual fund inflows moderate by 10% in February amid large-scale redemption
Inflows into small-cap mutual fund schemes moderated by 10 per cent last month to ₹2,922 crore against ₹3,257 crore in January due to large-scale redemption amid concern over high valuation and strong signals from SEBI on the froth developing in…
Innerwear company Bummer raises ₹9.25 crore in funding
Bummer, an innerwear company has raised ₹9.25 crores in a Pre-Series A1 funding round. Also read: Lux Industries expecting good growth in mid-premium segment The funding spearheaded by Gruhas Collective Consumer Fund marks one of their first investments as a…
Colossa WomenFirst fund raises ₹100 crore in its first close
On the eve of International Women’s Day, Colossa Ventures, a SEBI registered venture capital management company, has announced the first close of its maiden fund – Colossa WomenFirst Fund at ₹100 crore. Also read: Women-led startups see $100 million in…
Broker’s call: NAM India (Buy)
Target: ₹610 CMP: ₹492.10 We initiate coverage on Nippon Life India Asset Management with ‘Buy’ rating given consistent equity outperformance translating to improved net flows and in-turn market share gains; focus on stronger investment process and risk management; and robust…
Stock Market Live Updates 7 March 2024: Asian stocks rise as Powell hints at rate cuts this year
Stocks in Asia rose Thursday after US equities advanced, helped along by comments from Federal Reserve Chair Jerome Powell that interest rates will likely fall this year. Shares in Australia and Japan gained ground, while futures in Hong Kong also…
Sensex, Nifty hit new high on gains in banking, IT shares
Benchmark indices Sensex and Nifty recouped their early losses to settle at fresh record high levels in volatile trade on Wednesday, following buying in bank and select IT shares, and gains in European markets. The 30-share BSE Sensex jumped 408.86…
Stock Market Live Updates 6 March 2024: Asia stocks drop as tech Drags, China in focus
Stocks in Asia fell after tech heavyweights dragged down US indexes ahead of Federal Reserve Chair Jerome Powell’s testimony to Congress. Equity benchmarks edged lower in Japan, South Korea and Australia, per a Bloomberg report. Investors are closely watching the…
HFCL-backed Exicom Tele makes stellar debut as stock jumps 59%
Shares of Exicom Tele-Systems made a strong debut at the bourses on Tuesday after a blockbuster IPOs. Shares of HFCL-backed Exicom Tele listed with 61 per cent premium at ₹264 against the IPO price of ₹142 and moved up further…
Stock Market Live Updates: Asian markets under pressure, oil prices little changed in early trade
Sensex, Nifty, Share Prices LIVE: Australian shares slipped while Japanese equities opened little changed after the Nikkei 225 breached 40,000 index points on Monday as optimism in Japan supports the stock market. The Wall Street equity rally took a breather…
Angel One forays into wealth management biz
A group of seasoned wealth managers have joined hands with leading fintech Angel One to launch private wealth management foray. Srikanth Subramanian, Shobhit Mathur and Dharmendra Jain have joined as co-Founder and CEO of Angel One Wealth. Also read: Cautious…
Bajaj Hindusthan, Ponni Sugars among 85 whose March sugar quota has been cut by Indian govt
Listed firms such as Bajaj Hindusthan Group, Ponni Sugars, Rana Sugars, DS Sugars and Godavari Biorefineries are among the companies that own 85 sugar mils against whom the Indian government has cracked the whip for allegedly selling more quantity of…
Gold, silver remain range-bound – The Hindu BusinessLine
Extending the lacklustre trend witnessed in January, precious metals remained range-bound and the price action was devoid of any direction in February. The strength in the U.S. dollar and the recovery in the equity markets dented sentiments towards the precious…
NSE crosses nine crore unique investors mark
The National Stock Exchange (NSE) on Friday said its unique registered investors have surpassed nine crore, with the latest one crore additions taking place in just five months. Also read: SEBI’s concerns mount with flows into small/mid-cap funds The investor…
Sensex and Nifty close at record high levels during the special live trading session
Equity benchmark indices Sensex and Nifty ended at new closing high levels in the special trading session on Saturday, extending their previous day’s sharp rally, amid impressive GDP data and foreign fund inflows. Also read: Sensex, Nifty log fresh highs…
IPO-bound RK Swamy mops up ₹187 cr from anchor investors
RK Swamy Ltd on Friday raised about ₹187 crore from 18 anchor investors ahead of its initial public offering (IPO), which opens on March 4 and closes on March 6. The Chennai-based company, which is engaged in the business of…
SEBI makes right moves for ease of mutual fund business
The Securities and Exchange Board of India last week came out with a consulting paper that aimed at ease of doing business for mutual funds. This came after the Finance Minister in the FY24 Budget made an announcement to simplify,…
Sensex, Nifty end positive amid volatility
Benchmarks closed in green on Thursday at the end of a range-bound trade ahead of release of key economic data. Besides, monthly F&O expiry and MSCI rebalancing volumes added to the volatility, said market observers. While BSE Sensex advanced 195.42…
Sensex, Nifty close higher in volatile trade; RIL gains after mega-merger deal
Benchmark stock indices Sensex and Nifty closed with gains on Thursday in a highly volatile trade amid the scheduled monthly expiry of derivative contracts. The 30-share BSE Sensex rebounded 195.42 points or 0.27 per cent to settle at 72,500.30. During…
Benchmark Indian indices slid 1% on weak global cues
Benchmark indices ended a per cent lower on Wednesday amid profit booking and weak global cues. The Sensex was down 790 points or 1.08 per cent at 72,304.88, while the Nifty was down 247 points or 1.11 percent at 21,951….
Sensex, Nifty tumble over 1% due to selling in Reliance, bank stocks
Benchmark Sensex tanked more than 1 per cent while Nifty declined below the 22,000 level on Wednesday pulled down by selling in heavyweight Reliance Industries and bank stocks amid weak global market trends. The 30-share BSE Sensex fell by 790.34…
RK Swamy public issue to open on March 4
The Chennai-based RK Swamy will launch its initial public offering on March 4, according to red herring prospectus filed with SEBI. The company is expected announce the price band this week. The offer includes a fresh issue of ₹173 crore…
Stock markets rebound on gains in index heavyweights, firm global trends
Benchmark equity indices Sensex and Nifty rebounded on Tuesday following buying in index major Tata Consultancy Services, Tata Motors and Sun Pharma amid mostly firm global markets. The 30-share BSE Sensex climbed 305.09 points or 0.42 per cent to settle…
Broker’s call: IndiGo (Reduce) – The Hindu BusinessLine
In the past four months, through September 2023–January 2024, InterGlobe Aviation (IndiGo) lost domestic market share from the peak of 63.4 per cent to 60.2 per cent, which mirrored the strong fleet addition by competitors at 26 narrow body aircraft…
SBI Energy Opportunities fund gets ₹6,700 crore in NFO
SBI Mutual Fund, the largest fund house in the country, has collected over ₹6,700 crore through its latest fund offering – SBI Energy Opportunities Fund. Also read: SBI MF aims to garner ₹4,000 crore via energy opportunities NFO It has…
Anvil PMS to shut shop amid regulatory glare
Anvil Wealth Management (AWM) is winding down its portfolio management services (PMS) business, said two people in the know. The decision to shut shop comes in the aftermath of SEBI’s interim order in March last year, which restrained six entities,…
BSE Chief Urges Policy Action for Further Expanding Capital Markets
India’s policymakers and think tanks need to come up with steps that grow the depth and width of the country’s capital markets, Sundararaman Ramamurthy, MD&CEO, BSE has said. Also read: Markets to focus on global trends; may face volatility amid…
UAE’s exit from FATF grey list to boost FPI flows, investment into Indian NBFCs
The United Arab Emirates’ exit from the the grey list on Friday, nearly two years after its inclusion by the Financial Action Task Force, will ease the road for the country’s investors seeking to acquire significant influence in Indian NBFCs….
Adani hints at future collaborations with Uber after meeting CEO Dara Khosrowshahi
Billionaire Gautam Adani on Saturday met Uber CEO Dara Khosrowshahi, who is currently on a visit to India, and hinted at possible future collaborations between his conglomerate and the ride-hailing app. Also read: Uber signs MoU with ONDC, CEO Khosrowshahi…
SEBI plans to make nomination optional for joint MF portfolios
Capital market regulator SEBI has excluded investment made through ETFs and index funds from the regulations on exposure to a single stock of own group companies and nomination has been made option for joint investments in mutual fund schemes. In…
How to avoid falling prey to fake stock trading scams: Tips from Hyderabad police
You must be lucky if you haven’t been approached by fake stock market traders on a direct call or through social media platforms such as Telegram, WhatsApp, Instagram and Facebook. Lately, anonymous calls from various cities, such as Indore, Bengaluru,…
Indices reverse early losses to make fresh highs
Indian equities overcame Fed jitters and reversed early losses to make fresh highs on Thursday. The Sensex surged 535 points to 73,158, and the Nifty rose 162 points to 22,217. Cash market volumes on the NSE were a bit lower…
Olectra Greentech bags order for 2,400 electric buses; stock surges
Olectra Greentech Ltd has been awarded a contract from Brihan Mumbai Electric Supply & Transport Undertaking (BEST) for supply of 2,400 electric buses. The company’s stock ended 1.95 per cent higher on the NSE, closing at ₹2,102.95. The stock had…
Despite RBI restrictions, MFs hiked stake in Paytm in January
Mutual funds holding in troubled Paytm (One 97 Communication) have increased 70 per cent to ₹3,384 crore in January compared with ₹1,995 crore in December as they ramped up exposure to average cost. Investors who have bought stock at a…
Ambuja Cement proposes setting up cement grinding unit in Godda, Jharkhand
Ambuja Cements, part of Adani Group, has proposed to establish a cement grinding unit with an investment of ₹1,000 crore in Motia Village of Godda district in Jharkhand, post requisite approvals, with a capacity of 4.0 MTPA. The project is…
Hindalco subsidiary Novelis files papers with SEC for IPO
Aditya Birla Group company Novelis Inc has filed papers with the US market regulator Securities and Exchange Commission relating to the proposed initial public offering of its common shares. Novelis, the leading aluminium solutions provider and the world leader in…
TVS SCS extends contract with Rolls-Royce for five years
TVS Supply Chain Solutions Ltd, a global supply chain solutions provider, on Tuesday said its contract with Rolls-Royce, a global leader in technology and innovation, has been extended for five years until 2029. The partnership extension is for the Parts…
PNB MetLife unveils Small Cap Fund for ULIP Segment
PNB MetLife India Insurance Company on Monday launched PMLI Small Cap Fund, a new fund within the Unit Linked Insurance Plan (ULIP) segment. The fund will offer policy holders an opportunity to create wealth over the policy life by investing…
Stock markets advance for 5th day; Nifty hits record high, Sensex up 281 points
Stock markets closed higher for the fifth consecutive day on Monday with the benchmark Sensex rising 281 points and Nifty scaling its fresh lifetime high driven by gains in financial and FMCG shares. The BSE Sensex rose by 281.52 points…
Global trends to guide stock markets this week: Analysts
Indian stock markets are expected to be driven mostly by global factors this week amid a lack of local triggers and earnings season largely coming to an end, say analysts. Crude oil prices, rupee movement and US Federal Reserve meeting…
More PMS schemes outperform benchmarks than mutual funds: PMS Bazaar
A study by PMS Bazaar that analyzed 335 PMS investment approaches and 388 mutual funds (regular funds) across one, three, five and 10-year periods showed that PMS investment approaches outperformed their benchmarks by 70 per cent on average across all…
How previous general elections have impacted Sensex and Nifty 50 performance: Insights for investors
General Elections 2024 is one of the biggest events to watch this year. A study on the Indian stock market performance in the previous election years shows that whatever the case ahead of the elections and its outcome, the Indian…
Entero Healthcare ends 8.6% lower on listing day
Shares of Entero Healthcare Solutions made a weak beginning at the bourses on Friday. Against the IPO price of ₹1,258, shares of the healthcare products distributor opened in discount at ₹1,245 and closed at 8.62 per cent lower at ₹1,149.50…
Alpex Solar jumps threefold on NSE-Emerge listing
Shares of Alpex Solar made a stellar listing at NSE-Emerge platform. As against the IPO price of ₹115, the stock was listed at with a huge premium of ₹345.45 and surged further to ₹362.70 — a gain of 215 per…
Markets extend winning run to 4th day as auto, IT shares advance
Equity benchmark indices marched higher for the fourth straight session on Friday, with Nifty closing above the 22,000 level, tracking gains in index majors L&T, Infosys and M&M, amid a firm trend in the global markets. The 30-share BSE Sensex…
Carlyle sells Yes Bank shares worth ₹1,056 crore
Carlyle Group has sold equity stake worth ₹1,056 crore in Yes Bank through open market transaction. Carlyle Group sold 1.35 per cent stake at an average price of ₹27.10 per share. Of the 390,000,000 shares sold in the open market,…
Markets extend gains for third day on buying in HDFC Bank, M&M
Equity benchmark Sensex climbed over 225 points to reclaim the 72,000-mark on Thursday, while the Nifty settled close to the 22,000 level, supported by hectic buying in market heavyweights M&M, HDFC Bank and SBI amid a largely firm trend in…
Signpost hits new high on debut
Share of the merged entity of Pressman Advertising and Signpost India, the Digital Out of Home advertising company, started trading on Wednesday and hit the upper circuit of ₹327 on NSE and ₹318 on BSE. The listed entity Signpost India…
Markets extend gains on fag-end buying; SBI, Reliance shine
Equity benchmark indices Sensex and Nifty bounced back from early lows to close higher on Wednesday, helped by fag-end buying in energy, metal and utility stocks amid a mixed trend in global equities. Rising for the second straight session, the…
Broker’s call: Coal India (Add)
Target: ₹458 CMP: ₹452.40 Coal India reported higher than estimate EBITDA ex OBR at ₹11,900 crore (CentrumE: ₹10,950 crore), up 6.2 per cent y-o-y/ up 34 per cent q-o-q and EBITDA/t declined by 2.4 per cent y-o-y at ₹624/t (CentrumE:…
Stock markets rebound on buying in banking, IT stocks
Benchmark indices Sensex and Nifty rebounded on Tuesday on buying in banking, financial services and IT sector stocks. The BSE Sensex surged 482.70 points or 0.68 per cent to settle at 71,555.19. The gauge moved between the day’s high of…
Alpex Solar IPO subscribed over 300 times
The NSE-Emerge IPO of Alpex Solar has received an overwhelming response from the investors with the issue being subscribed 301.45 times. The ₹74.52-crore IPO, that was open between February 8–12, came out with a price band of ₹109-115. The Greater…
Benchmark indices tumble on profit booking
Benchmark stock indices Sensex and Nifty closed sharply lower on Monday amid a rush for profit taking and mixed trends in global markets. The BSE Sensex settled 523 points or 0.73 per cent lower at 21,612.45. The benchmark touched the…
Inflation, industrial production data, global trends to drive market trends this week: Analysts
Stock markets would take cues from the upcoming macroeconomic data announcements and global trends besides keeping a watch on the trading activity of foreign investors, analysts said. The last batch of the ongoing earnings calendar would trigger stock-specific action, traders…
Mcap of 4 most-valued firms jump ₹2.18 lakh crore; LIC, SBI lead gainers
Four of the top-10 most valued firms together added ₹2.18 lakh crore in market valuation last week, with Life Insurance Corporation and State Bank of India emerging as the biggest gainers. Also read: Inflation, industrial production data, global trends to…
Technical Analysis: Godfrey Phillips India, Gujarat Gas and HCL Technologies
Godfrey Phillips India (₹2,366.3) Uptrend is intact Godfrey Phillips’ stock was tracing a horizontal trend in the second half of last year. It was oscillating between ₹2,020 and ₹2,200. But a fortnight ago, the stock broke out of the range…
Investors have to watch out for one more risk now — ED/IT raid!
Nowadays, Central Government agencies such as the Income-tax department and the Enforcement Directorate (ED) are creating ripples in financial markets, with a host of companies coming under their radar. Some developments that have created shockwaves include raids/ searches on Polycab…
Analysts weigh reasons for runaway PSU rally
The runaway rally in shares of public sector companies has made analysts dig deeper on the reasons driving the rally. The BSE PSU index has risen by about 92 per cent in the last year compared with 18 per cent…