Page 77 - Latest Updates on Stock Market
Reliance Industries rally spurs market bulls; Sensex ends 526 pts higher
Reliance Industries rose 3.6 per cent to close at Rs 2,984, becoming both the biggest gainer and the biggest contributor to the Sensex and Nifty gains
 "Reliance Industries rally spurs market bulls; Sensex ends 526 pts higher")
Zomato, Nykaa: New-age stocks defy market fall; analysts see more upside
Data from ACE Equity shows that shares of Zomato, Nykaa (FSN-e Commerce), and PB Fintech have surged in the range of 4.6 per cent to 11.4 per cent in one month
 "Zomato, Nykaa: New-age stocks defy market fall; analysts see more upside")
Investors subscribe SRM Contractors IPO 17.40 times on day two of bidding
The Initial Public Offer (IPO) received bids for 7,55,13,970 shares against 43,40,100 shares on offer, according to data available with the NSE
 "Investors subscribe SRM Contractors IPO 17.40 times on day two of bidding")
Crizac files IPO papers with Sebi for Rs 1,000 cr, consists entirely of OFS
The initial public offering (IPO) is entirely an offer for sale (OFS) by promoters, Pinky Agarwal and Manish Agarwal, with no fresh issue component
 "Crizac files IPO papers with Sebi for Rs 1,000 cr, consists entirely of OFS")
Sensex zooms 526 pts, Nifty ends at 22,124 as Reliance, Maruti drive rally
Stock market highlights on March 27: Reliance Industries closed 3.6 per cent higher, making up 58 per cent of Sensex gains after Goldman Sachs raised target price on the stock
 "Sensex zooms 526 pts, Nifty ends at 22,124 as Reliance, Maruti drive rally")
P N Gadgil Jewellers files papers with Sebi to garner Rs 1,100 cr via IPO
As on February 29, 2024, the company had total outstanding borrowings of Rs 377.45 crore, as per the draft papers filed last week
Wockhardt hits the roof after completing Rs 480-cr QIP issue
The issue price of Rs 517 is at a discount of Rs 27.02 or 4.97%, to the floor price of Rs 544.02 per equity share set for the QIP issue.
ABB India hits new high on strong outlook; surges 46% from Feb low
Shares of ABB India hit a new high of Rs 6,341, as they rallied 7 per cent on the BSE in Wednesday's intra-day trade on strong business outlook
 "ABB India hits new high on strong outlook; surges 46% from Feb low")
Panic selling may ensue if Nifty Bank falls below 46,536: How to trade?
If Nifty Bank breaches 46,536, the immediate next support levels are expected to be around 46,225 and 45,675
 "Panic selling may ensue if Nifty Bank falls below 46,536: How to trade?")
Tech call: Nifty below 20-DMA; S H Kelkar, Vidhi Specialty can rally 13-15%
Nifty closed on a weak wicket as its closed below its 5, 11 and 20 DMA. In the derivatives, we have seen aggressive Call writing at 22,200-22,300 levels
 "Tech call: Nifty below 20-DMA; S H Kelkar, Vidhi Specialty can rally 13-15%")
Trump's media co valued at nearly $9.6 bn as shares surge in trade debut
At $70.46, company's market capitalization was $9.55 billion on an undiluted basis. Trading in the shares under the new ticker "DJT" was briefly halted just after the opening bell due to volatility
 "Trump's media co valued at nearly $9.6 bn as shares surge in trade debut")
Bharti Hexacom sets price band for Rs 4,275 cr IPO at Rs 542-570 per share
The company's IPO is entirely an offer-for-sale (OFS) of 7.5 crore equity shares, indicating a 15 per cent stake by Telecommunications Consultants India Ltd, with no fresh issue component
Tata powers Rekha Jhunjhunwala's portfolio in 2024; outperforms markets
Of top 10 companies in Rekha Jhunjhunwala's portfolio total 8 stocks have given positive returns; while Metro Brands and Fortis Healthcare recorded negative returns of 11 per cent and 4 per cent
 "Tata powers Rekha Jhunjhunwala's portfolio in 2024; outperforms markets")
Carlyle said to weigh $1 bn IPO for IT firm Hexaware Technologies
The US investment firm is speaking with potential arrangers to help prepare for an IPO in Mumbai this year or next, the people said
 "Carlyle said to weigh $1 bn IPO for IT firm Hexaware Technologies")
Alibaba offers to buy Cainiao stake for up to $3.75 bn as it drops IPO plan
In the Chinese e-commerce giant's latest u-turn of its restructuring plan, Alibaba, which holds a stake of around 64% in Cainiao, said it was offering to acquire the remaining stock
 "Alibaba offers to buy Cainiao stake for up to $3.75 bn as it drops IPO plan")
Investors subscribe SRM Contractors IPO 3.56 times on day 1 of bidding
The IPO received bids for 1,54,35,840 shares against 43,40,100 shares on offer, as per NSE data
Sensex snaps 3-day winning run, ends 362 pts down; Airtel, HDFC Bank drag
Market wrap on March 26, 2024: The NSE Nifty 50 shed 92 points, but managed to end above 22,000-mark. The BSE MidCap index, outperformed and finished with a gain of 0.7 per cent.
 "Sensex snaps 3-day winning run, ends 362 pts down; Airtel, HDFC Bank drag")
This smallcap stock has zoomed over 100% in 5 months; hits new high
Shares of Sanghvi Movers, a major player in the crane rental industry, moved higher by 11 per cent to Rs 1,282.95 on the BSE on Tuesday
 "This smallcap stock has zoomed over 100% in 5 months; hits new high")
IndiGo rallies 4% to hit fresh high, stock zooms 79% thus far in FY24
IndiGo plans to add 10 new destinations in fiscal 2025 and manage a fleet of more than 600 aircraft by 2030 as it expects the number of fliers in India to more than double by the end of the decade
 "IndiGo rallies 4% to hit fresh high, stock zooms 79% thus far in FY24")
Mankind Pharma slips 4% on Beige's likely 3% stake sale via block deal
According to media reports, Beige Ltd, an affiliate of private equity firm ChrysCapital, was looking to offload 2.90 per cent stake in the drugmaker through block deals
 "Mankind Pharma slips 4% on Beige's likely 3% stake sale via block deal")