Page 111 - Latest Updates on Stock Market
India's $775 bn stock boom at risk as small caps show signs of overheating
Still, the pace of gains in smaller stocks relative to large caps has raised caution about the near-term outlook for the latest uptrend in Indian stocks
 "India's $775 bn stock boom at risk as small caps show signs of overheating")
Stocks to Watch: Reliance, Tata Consumer, Biocon, TCS, REC,Som Distilleries
Stocks to Watch on September 7, 2023: Tata Consumer Products has refuted reports that said it is in talks to acquire a majority 51 per cent stake in Haldiram's
 "Stocks to Watch: Reliance, Tata Consumer, Biocon, TCS, REC,Som Distilleries")
Capital Group offloads NBFC Shriram Finance's shares for Rs 884 crore
Capital Group through its investment vehicles SmallCap World Fund Inc and New World Fund Inc sold the shares of Shriram Finance on the BSE
 "Capital Group offloads NBFC Shriram Finance's shares for Rs 884 crore")
Jupiter Life Line Hospitals IPO subscribed 87% on Day 1 of bidding
The IPO received bids for 73,84,800 shares against 84,97,169 shares on offer, according to NSE data
 "Jupiter Life Line Hospitals IPO subscribed 87% on Day 1 of bidding")
HDFC Bank, ITC lift Sensex 100 pts on late buying; Nifty ends atop 19,600
CLOSING BELL ON SEPTEMBER 06, 2023: The Sensex gained 483 points from the day's low, with HDFC Bank, ITC and Bharti Airtel contributing 217 points to the BSE benchmark on Wednesday.
 "HDFC Bank, ITC lift Sensex 100 pts on late buying; Nifty ends atop 19,600")
Sebi faces an uphill battle: Why 'finfluencers' will always find addicts
In a recently circulated consultation paper, Sebi vowed to "disrupt the revenue model" of "finfluencers" by forcing all regulated entities to cut ties with them
 "Sebi faces an uphill battle: Why 'finfluencers' will always find addicts")
Jio Financial Services to be excluded from NSE indices from Sept 7
Shares of Jio Financial got listed on the stock exchanges on August 21, after its spin-off from parent Reliance Industries
 "Jio Financial Services to be excluded from NSE indices from Sept 7")
Ratnaveer Precision Engineering IPO subscribed 21.77 times on 2nd day
The IPO received bids for 25,66,70,250 shares against 1,17,88,000 on offer, as per NSE data
Higher growth, margin expansion likely to drive further gains for Emami
Expectations of revenue growth, margin expansion and reduction in share pledge are other triggers
 "Higher growth, margin expansion likely to drive further gains for Emami")
Lighthouse Advisors India sells 1.3% stake in Bikaji Foods for Rs 156 cr
Mumbai-based Lighthouse Advisors India on Tuesday divested a 1.3 per cent stake in Bikaji Foods International for nearly Rs 156 crore through an open market transaction.
 "Lighthouse Advisors India sells 1.3% stake in Bikaji Foods for Rs 156 cr")
Sebi likely to implement one-hour settlement of trades by March 2024
Amid concerns raised by certain foreign portfolio investors on the shortening of the settlement cycles citing forex-related worries, the official made it clear that faster settlements are optional
 "Sebi likely to implement one-hour settlement of trades by March 2024")
Third straight gain for Sensex; Nifty nears 19,600 led by Pharma, FMCG stks
CLOSING BELL ON SEPTEMBER 05, 2023: The broader market continued to outperform - BSE MidCap index soared over a per cent while the SmallCap added 0.6 per cent on Tuesday.
 "Third straight gain for Sensex; Nifty nears 19,600 led by Pharma, FMCG stks")
These two PSU stocks have zoomed 50% in last three days on heavy volumes
Shares of Indian Railway Finance Corporation (IRFC) and MMTC surged by up to 20 per cent on the BSE in Tuesday's intra-day trade on the back of heavy volumes
 "These two PSU stocks have zoomed 50% in last three days on heavy volumes")
IDBI Bank surges 16% in 2 days as govt invites bids to appoint asset valuer
The government along with the Life Insurance Corporation of India (LIC) is selling nearly 61 per cent stake in IDBI Bank and has received multiple Expressions of Interest (EoI) for the same
 "IDBI Bank surges 16% in 2 days as govt invites bids to appoint asset valuer")
Vishnu Prakash makes strong debut; lists 67% higher over its issue price
The stock listed at Rs 165, a 67% premium over its issue price of Rs 99 per share on the NSE
 "Vishnu Prakash makes strong debut; lists 67% higher over its issue price")
Jio Financial recovers losses; EMS sets price band at Rs 200-211 for IPO
In the pre-IPO placement round, the Ghaziabad-based firm raised Rs 33.76 crore
Rising crude, uncertainty ahead of elections keep analysts wary on OMCs
Analysts say the already weakening marketing margins will be a concern ahead as the fate of OMCs remains tied to uncertain crude prices and the inability to raise prices amid the coming elections
 "Rising crude, uncertainty ahead of elections keep analysts wary on OMCs")
Sensex ends 241 pts higher, Nifty reclaims 19,500; IT, Metal stocks shine
CLOSING BELL ON SEPTEMBER 04, 2023: In the broader market, the BSE MidCap and the SmallCap indices gained close to a per cent each on Monday.
 "Sensex ends 241 pts higher, Nifty reclaims 19,500; IT, Metal stocks shine")
Three IPL teams looking to unlock value by public listing, raising PE funds
A BCCI official said that the teams approached the board for clarity on listing on bourses. At the current moment, the discussions are in the initial stage
 "Three IPL teams looking to unlock value by public listing, raising PE funds")
Stocks to Watch: IDBI Bank, Paytm, Hero Moto, Eicher, BEL, ICICI Bank, RVNL
Stocks to watch on September 4, 2023: The government has invited bids to appoint an asset valuer for its stake sale in IDBI Bank
 "Stocks to Watch: IDBI Bank, Paytm, Hero Moto, Eicher, BEL, ICICI Bank, RVNL")