Page 114 - Latest Updates on Stock Market
Park Hotels owner files draft papers with Sebi to raise Rs 1,050 cr via IPO
At present, promoters and promoter group members hold a 94.18 per cent stake in the company, and the two investors own 5.82 per cent shareholding in the firm
 "Park Hotels owner files draft papers with Sebi to raise Rs 1,050 cr via IPO")
China steps up efforts to stabilise stock markets as confidence slumps
The Hang Seng Index is down more than 8 per cent this year, ranking among the biggest global losers
 "China steps up efforts to stabilise stock markets as confidence slumps")
Wall Street, yields take a breather as investors await more from US Fed
The MSCI world equity index, which tracks shares in 45 nations, was last down 0.24%
 "Wall Street, yields take a breather as investors await more from US Fed")
IT, HDFC Bank, M&M send Sensex 202 pts down; Adani Ent gains 4%, RIL 1%
Closing Bell on August 18, 2023: The Nifty50, meanwhile, ended at 19,310, down 55 points
 "IT, HDFC Bank, M&M send Sensex 202 pts down; Adani Ent gains 4%, RIL 1%")
Markets decline on weak global trends, fresh foreign fund outflows
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the negative territory while the US markets ended lower on Thursday
 "Markets decline on weak global trends, fresh foreign fund outflows")
Stocks to Watch today, Aug 18: Concord, Adani Group, JSW Steel, EKI Energy
Stocks to watch on August 18, 2023: The Rekha Jhunjhunwala backed IPO, Concord Biotech, is set to debut on the bourses today at 10-15 per cent premium to its issue price.
 "Stocks to Watch today, Aug 18: Concord, Adani Group, JSW Steel, EKI Energy")
Bata India rallies 6% on report company in talks to tie-up with Adidas
The footwear company is in talks with German sportswear giant Adidas for a strategic partnership for the Indian market, a report said
 "Bata India rallies 6% on report company in talks to tie-up with Adidas")
Paytm, Zomato: Analysts cautious on new-age stocks on expensive valuations
Zomato, for instance, has been the only new-age company which has achieved profitability in the April-June quarter (Q1) of the current financial year (FY24)
 "Paytm, Zomato: Analysts cautious on new-age stocks on expensive valuations")
Sensex falls 388 pts, Nifty holds 19,350 amid weak global cues; PSBs outrun
Closing Bell on August 17, 2023: On the upside, only the Nifty PSU Bank index (up 1.5 per cent) outperformed the markets
 "Sensex falls 388 pts, Nifty holds 19,350 amid weak global cues; PSBs outrun")
Stocks to Watch today, Aug 17: Auto, M&M, Railway, IRFC, Cipla, Nava, SAIL
Stocks to watch on August 17, 2023: Balrampur Chini, Delta Corp, GNFC, Indiabulls Housing Finance, India Cements, SAIL and Zee among 11 stocks in F&O ban on Thursday.
 "Stocks to Watch today, Aug 17: Auto, M&M, Railway, IRFC, Cipla, Nava, SAIL")
Fairfax sells 5.9% stake in IIFL Securities for Rs 118 cr via open market
Hamblin Watsa Investment Counsel Ltd (HWIC) Asia Fund, an affiliate of Fairfax Financial Holdings, offloaded shares of IIFL Securities in two transactions on NSE and BSE
 "Fairfax sells 5.9% stake in IIFL Securities for Rs 118 cr via open market")
Defence stocks pricing in all positives and offer limited upside: Analysts
However, the rally, which has been accompanied by high valuations, could stagnate in near term as companies may not meet investors' expectations of sustained performance every quarter, analysts say
 "Defence stocks pricing in all positives and offer limited upside: Analysts")
Adani Power has shares worth $1 bn change hands in attempt to recover
The company's stock fell as much as 4.1% after the bunched trades to Rs 274.4 ($3.30) and based on the average price, the deals are worth $1 billion, according to Bloomberg calculations
 "Adani Power has shares worth $1 bn change hands in attempt to recover")
Markets extend gains on fag-end buying; Infosys, L&T shine amid mixed trend
In contrast, Tata Steel, Bharti Airtel, Bajaj Finserv, Axis Bank, Bajaj Finance and JSW Steel were the major laggards
 "Markets extend gains on fag-end buying; Infosys, L&T shine amid mixed trend")
Sensex rebounds 507 pts from lows, ends 138 pts up; auto, IT stocks gain
Closing Bell on August 16, 2023: The shares of SBFC Finance, which debuted on Wednesday at a premium of 44 per cent, settled at Rs 92.2 per share, up nearly 62 per cent over issue price
 "Sensex rebounds 507 pts from lows, ends 138 pts up; auto, IT stocks gain")
Uno Minda at 52-wk high; soars 7% on commissioning EV component plants
The company has also received new orders with annualised peak value of more than Rs 600 crore for EV systems. during the Q1FY24
 "Uno Minda at 52-wk high; soars 7% on commissioning EV component plants")
TVS Supply Chain IPO subscribed 2.8 times on last day of subscription
The company had earlier raised Rs 396 crore from 18 anchor investors
 "TVS Supply Chain IPO subscribed 2.8 times on last day of subscription")
Sebi proposes alternate mechanism to delist shares from stock exchanges
In addition, SEBI suggested a framework for companies that have shares held by investment-holding companies
 "Sebi proposes alternate mechanism to delist shares from stock exchanges")
Sensex gyrates 696 pts, ends 79 pts up; Adani Ent down 3.5%, RIL gains 1.5%
Closing Bell on August 14, 2023: In the broader markets, the BSE MidCap and SmallCap indices underperformed the benchmarks as they fell 0.5 per cent each
 "Sensex gyrates 696 pts, ends 79 pts up; Adani Ent down 3.5%, RIL gains 1.5%")
Stocks to Watch on Aug 14: Adani Ports, Nykaa, Raymond, PSU Banks, Biocon
Stocks to watch on August 14, 2023: Balrampur Chini, Delta Corp, Indiabulls Housing Finance, India Cements, Manappuram Finance and Zee among nine stocks in F&O ban period on Monday.