Page 84 - Latest Updates on Stock Market
Investors subscribe Platinum Industries IPO 8 times on Day 1 of bidding
The Rs 235 crore-IPO received bids for 7,74,20,952 shares against 96,32,988 shares on offer, as per NSE data
 "Investors subscribe Platinum Industries IPO 8 times on Day 1 of bidding")
'Single manager for commodity, overseas funds to cut costs for MFs'
Sebi, on Friday, came out with a consultation paper proposing measures to support ease of doing business for Mutual Funds (MFs)
 "'Single manager for commodity, overseas funds to cut costs for MFs'")
Sensex snaps 2-day losing run, gains 305 pts; broader indices in red
Stock market highlights on Tuesday, February 27: The Nifty50 shut shop 76 points higher at 22,198
 "Sensex snaps 2-day losing run, gains 305 pts; broader indices in red")
Sebi asks small, mid-cap funds to disclose more information about risks
Heavy inflows have sent the Nifty small cap 250 index surging 71% over the past 52 weeks and lifted the Nifty mid cap 100 index 64%. That far exceeds the benchmark Nifty's 28% rise
 "Sebi asks small, mid-cap funds to disclose more information about risks")
Stocks to watch: Paytm, Voda Idea, CMS Info, Canara Bank, Andhra Cements
Stocks to watch on February 27, 2024: Vodafone Idea is likely to raise equity from new investors, diluting the stakes of existing shareholders when its board meets today
 "Stocks to watch: Paytm, Voda Idea, CMS Info, Canara Bank, Andhra Cements")
GPT Healthcare IPO receives 8.5 times subscription on final day of bidding
The category for Qualified Institutional Buyers (QIBs) got subscribed 17.30 times, while the quota for Non-Institutional Investors received 11.02 times subscription
 "GPT Healthcare IPO receives 8.5 times subscription on final day of bidding")
Canara Bank board approves 5-for-1 stock split to increase affordability
The lender would need two months to get an approval for the stock split from the Reserve Bank of India, it said in an exchange filing
 "Canara Bank board approves 5-for-1 stock split to increase affordability")
Sebi cautions against fraudulent trading platforms offering FPI route
Under the rule, FPI investment route is unavailable to resident Indians, with limited exceptions as outlined in the Sebi's FPI Regulations
SBI Mutual Fund mops up over Rs 6,700 cr from Energy Opportunities Fund
SBI Mutual Fund, the country's largest mutual fund house, has collected over Rs 6,700 crore through its latest offering- energy opportunities fund - beating its internal target of Rs 5,000 crore.
Reasonable valuations, potential US rate cuts bode well for tech funds
Mitigate inherent volatility with limited exposure and a long horizon
 "Reasonable valuations, potential US rate cuts bode well for tech funds")
Suffered mild stroke around six weeks ago, says Zerodha's Nithin Kamath
While disclosing about his health, Kamath said he had noticed his face drooping and struggled with reading and writing. He expects full recovery in 3-6 months
 "Suffered mild stroke around six weeks ago, says Zerodha's Nithin Kamath")
Sensex drops 533 pts in broad selling; IT, metals worst hit; VIX jumps 4%
Stock market highlights on Monday, February 26, 2024: The Nifty50 shut shop at 22,122, down 91 points or 0.41 per cent. The mid, small-cap indices fell up tp 0.3 per cent.
 "Sensex drops 533 pts in broad selling; IT, metals worst hit; VIX jumps 4%")
Stocks to watch on Feb 26: Reliance, HDFC Bank, Infibeam, Paytm, Skipper
Stocks to watch on February 26, 2024: Infibeam Avenues: The company has acquired a 20 per cent strategic stake in US-based AI development company XDuce
 "Stocks to watch on Feb 26: Reliance, HDFC Bank, Infibeam, Paytm, Skipper")
Markets to focus on global trends; may face volatility, say analysts
In the latest bi-monthly policy review held earlier this month, the Reserve Bank of India's six-member panel decided to leave the key policy rate unchanged at 6.5 per cent for the sixth time in a row
 "Markets to focus on global trends; may face volatility, say analysts")
Warren Buffett sees no chance of 'eye-popping' results with record cash
The firm's cash hoard jumped to a record at $167.6 billion in the fourth quarter as the conglomerate struggled to find deals at attractive valuations
 "Warren Buffett sees no chance of 'eye-popping' results with record cash")
IT stocks lift Nifty to record high; Sensex ends 535 points higher
Benchmark indices swing over 1.6% in intraday trade
 "IT stocks lift Nifty to record high; Sensex ends 535 points higher")
FPIs trim financial exposure: Lowest in six years at 29%, shows data
At 28.97%, allocation lowest since 2018; Down from peak of 41.17%
 "FPIs trim financial exposure: Lowest in six years at 29%, shows data")
BSE index to rise about 9% in 2024, correction unlikely, suggests poll
Breaching the 73,000 mark for the first time in January, the benchmark index is up over 1 per cent this year
 "BSE index to rise about 9% in 2024, correction unlikely, suggests poll")
HSBC's shares decline as $3 billion charge on stake in China bank
HSBC's shares slid as much as 8% in London, heading for their worst single-day drop since the Covid-19 pandemic erupted in March 2020
 "HSBC's shares decline as $3 billion charge on stake in China bank")
Will IT sector be the dark horse of 2024 on rate cuts? What analysts say
Most global traders now expect the first Fed rate cut to be announced in June against early bets of March
 "Will IT sector be the dark horse of 2024 on rate cuts? What analysts say")