Page 88 - Latest Updates on Stock Market
4 IPOs to hit the market next week; Aadhar Housing refiles IPO papers
Capital Small Finance Bank (Rs 523-crore issue), Small Finance Bank (Rs 570 crore) and Rashi Peripherals', (Rs 600 crore) IPO opens on February 7, while Apeejay Surrendra Park's Rs 920-crore IPO opens
 "4 IPOs to hit the market next week; Aadhar Housing refiles IPO papers")
Sensex rallies 440 pts day after interim Budget, Nifty tops 21,850; PSEs up
Stock market highlights on Friday, February 02: In the broader markets, the BSE MidCap index gained 0.8 per cent, while the BSE SmallCap index added 0.5 per cent
 "Sensex rallies 440 pts day after interim Budget, Nifty tops 21,850; PSEs up")
Stocks to watch on Feb 2: Indian Hotels, Hero Moto, Eicher, NMDC, RITES
Stocks to watch on February 2, 2024: Rites' consolidated profit in Q3 fell 12 per cent to Rs 129 crore from last year
 "Stocks to watch on Feb 2: Indian Hotels, Hero Moto, Eicher, NMDC, RITES")
Front-running case: Sebi bans 7 cos from securities market for up to 3 yrs
Front-running refers to an illegal practice in the stock market where an entity trades based on advanced information from a broker or analyst before the information has been made available to clients
 "Front-running case: Sebi bans 7 cos from securities market for up to 3 yrs")
Apeejay Surrendra Park Hotels IPO: Price band fixed at Rs 147-155
The company, through its IPO, aims at raising Rs 920 crore comprising Rs 600 crore through a fresh share sale and Rs 320 crore through an offer for sale, it said
Nova Agritech shares jump nearly 43.39% to Rs 58.79 in debut trade
The stock listed at Rs 56, up 36.58 per cent from the issue price on the BSE. It later jumped 43.39 per cent to Rs 58.79
 "Nova Agritech shares jump nearly 43.39% to Rs 58.79 in debut trade")
SME listings to undergo changes, AIBI to review eligibility, framework
Industry body forms committee to review networth threshold
 "SME listings to undergo changes, AIBI to review eligibility, framework")
Sebi bans individual from securities markets for unregistered PMS business
The regulator also directed Sanbun Investments, its proprietor Nishaan Singh (Noticee) to cease and desist from acting as or holding himself out to be a portfolio manager
 "Sebi bans individual from securities markets for unregistered PMS business")
BLS E-Services IPO gets subscribed 42.74 times on day two of bidding
The IPO received bids for 58,56,83,352 shares against 1,37,02,904 shares on offer, as per data available with the NSE
Rupee rises 6 paise to close at 83.04 against US dollar on strong sentiment
The rupee appreciated 6 paise to 83.04 (provisional) against the US dollar on Wednesday, supported by a firm trend in domestic equities.
 "Rupee rises 6 paise to close at 83.04 against US dollar on strong sentiment")
Sensex rises 612 pts ahead of interim Budget, US Fed; all sectors gain
Stock market highlights on Wednesday, January 31: In the broader markets, the BSE MidCap and SmallCap indices advanced 1.57 per cent and 1.83 per cent, respectively
 "Sensex rises 612 pts ahead of interim Budget, US Fed; all sectors gain")
NTPC Green Energy gets Dipam nod to get listed for raising Rs 10,000 crore
NGEL is a wholly-owned subsidiary of NTPC with an operational capacity of over 3.4 GW and 26 GW in the pipeline, including 7 GW under implementation
 "NTPC Green Energy gets Dipam nod to get listed for raising Rs 10,000 crore")
Amara Raja jumps 7% to nearly 3-yr high; Exide Ind up 5% on heavy volumes
Amara Raja Energy hit a nearly three-year high of Rs 900 with a 7 per cent gain on the back of an over two-fold jump in average trading volumes
 "Amara Raja jumps 7% to nearly 3-yr high; Exide Ind up 5% on heavy volumes")
L&T, Hero Moto, HUL, IRFC: Stocks to watch ahead of interim budget 2024
Cables and switch companies are expected to benefit from a fillip to housing construction activities and urban infrastructure, as per experts
 "L&T, Hero Moto, HUL, IRFC: Stocks to watch ahead of interim budget 2024")
Stocks to Watch on Jan 31: TCS, L&T, Dr Reddy's, Policybazaar, Coromandel
Stocks to watch on January 31, 2024: Nova Agri Tech will make its debut today. The issue price is Rs 41
 "Stocks to Watch on Jan 31: TCS, L&T, Dr Reddy's, Policybazaar, Coromandel")
LIC's $30 billion market rally gives IPO investors chance at redemption
The state-owned life insurer's stock climbed 1.9% Tuesday, to close at its highest level since its IPO in May 2022
 "LIC's $30 billion market rally gives IPO investors chance at redemption")
Microsoft, Alphabet stocks under pressure to show AI earnings boost
Microsoft Corp. and Alphabet Inc., two of the biggest players in AI-related software, will report after the market close
 "Microsoft, Alphabet stocks under pressure to show AI earnings boost")
Profit booking in Reliance, drop in financials weigh on Indian shares
The blue-chip NSE Nifty 50 index declined 0.99% to 21,522.10 points and the S&P BSE Sensex fell 1.11% to 71,139.90
 "Profit booking in Reliance, drop in financials weigh on Indian shares")
Grasim Industries Rs 4,000 crore rights issue over subscribed two-fold
The company has received a cumulative bid for nearly 4.34 crore shares as against 2.21 crore shares offered by the Aditya Birla Group firm, according to an exchange filing
 "Grasim Industries Rs 4,000 crore rights issue over subscribed two-fold")
Aditya Birla Sun Life AMC Q3 results: Profit grows 26% to Rs 209 crore
In comparison, the company had posted a net profit of Rs 166.3 crore in the same quarter of the preceding fiscal, the asset management firm said in a regulatory filing
 "Aditya Birla Sun Life AMC Q3 results: Profit grows 26% to Rs 209 crore")