Page 1154 - Markets News
23 IPOs hit lowest level since listing; 13 fall below issue price
Credo Brands Marketing, ASK Automotive, Flair Writing Industries, Rishabh Instruments, and TVS Supply Chain Solutions fell below their issue prices
 "23 IPOs hit lowest level since listing; 13 fall below issue price")
Govt bond yields seen higher tracking US peers on inflation uptick
The benchmark 10-year yield is expected to drift in the 7.03 per cent-7.07 per cent range, following its previous close of 7.0274 per cent, a trader with a private bank said.
 "Govt bond yields seen higher tracking US peers on inflation uptick")
ITC surges 9% in best single-day rally since April 2020 on BAT's stake sale
ITC's stock reported its sharpest intra-day rally since April 3, 2020 when it had surged nearly 10 per cent
 "ITC surges 9% in best single-day rally since April 2020 on BAT's stake sale")
Register alternate bank for trading as Paytm deadline nears, BSE warns investors
If you've been using your Paytm Payments Bank (PPBL) account for your trading activities, it's time to consider adding another bank account to your setup
 "Register alternate bank for trading as Paytm deadline nears, BSE warns investors")
Stocks to Watch, March 13: ITC, JG Chem, Signatureglobal, Vedanta, HG Infra
Stocks to Watch on Wednesday, March 13, 2024: British American Tobacco (BAT) may sell up to 3.5 per cent stake in ITC by way of block deals on Wednesday
 "Stocks to Watch, March 13: ITC, JG Chem, Signatureglobal, Vedanta, HG Infra")
Foreign fund flows to India derivatives swell amid regulator scrutiny
"India has long been a favoured market based on economic growth, but given the downdraft in China this has been emphasised in the last year or so," said Joshua Crabb, a fund manager
 "Foreign fund flows to India derivatives swell amid regulator scrutiny")
India's rising valuations prompt foreign companies to sell holdings
The companies are seeking to capitalise on India's equity valuations which are among the most expensive in the world after eight years of annual gains
 "India's rising valuations prompt foreign companies to sell holdings")
Nifty Bank weak on charts, Nifty Private Bank rangebound: Check key levels
To capitalize on the prevailing downtrend in Nifty Bank, traders are recommended to sell, book profits, or establish short positions only when the index breaks below 46,864, said Ravi Nathani
 "Nifty Bank weak on charts, Nifty Private Bank rangebound: Check key levels")
Sebi probing smallcaps a warning bell for microcaps; time to exit: Analysts
Analysts expect volatility in micro-cap stocks to continue in the near-term. They recommend limiting exposure to the segment
 "Sebi probing smallcaps a warning bell for microcaps; time to exit: Analysts")
Smallcaps slip into 'correction' zone; index down 10% from February
The drop in the smallcap index comes even as the benchmark Nifty logged a fresh record high in an earlier session
 "Smallcaps slip into 'correction' zone; index down 10% from February")
Market regulator Sebi to erect 'building blocks' to wall in finfluencers
Sebi to soon issue norms on performance validation agencies
 "Market regulator Sebi to erect 'building blocks' to wall in finfluencers")
What are mutual funds and classifications within debt and equity funds?
Debt funds focus on generating income through fixed-income securities, while equity funds aim for capital appreciation by investing in stocks
 "What are mutual funds and classifications within debt and equity funds?")
NSE to cut cash, derivatives transaction charges by 1% from April 1
Bourse also approves sale of its non-core tech business
 "NSE to cut cash, derivatives transaction charges by 1% from April 1")
BSE SME cracks 5%, broader indices slip up to 2%; Sensex ends 165 pts up
Market wrap on March 12, 2024: The BSE MidCap and SmallCap indices shed 1.2 per cent and 2.1 per cent, respectively; while the SME index tumbled 4.5 per cent on Tuesday.
 "BSE SME cracks 5%, broader indices slip up to 2%; Sensex ends 165 pts up")
NSE reduces transaction charges by 1%; to exit from non-core businesses
This reduction transaction charges for cash equity and equity derivatives will begin on April 1, 2024, and is anticipated to impact the company's charges by Rs 130 crore
 "NSE reduces transaction charges by 1%; to exit from non-core businesses")
Stock of this software products company has zoomed over 200% in 7 months
Shares of Quick Heal Technologies hit a record high of Rs 600, as they surged 11% on the BSE in Tuesday's intra-day trade
 "Stock of this software products company has zoomed over 200% in 7 months")
Fintech stock sinks 9% on block deal Tuesday; has soared 87% so far in 2024
In the last 6 months, Infibeam Avenues has rallied 141 per cent from a level of Rs 16.6 reached on September 12, 2023
 "Fintech stock sinks 9% on block deal Tuesday; has soared 87% so far in 2024")
SpiceJet crashes 10% after COO, CCO step down amid 'restructuring'
SpiceJet, on its part, said several members of its commercial team have resigned with immediate effect, as part of a strategic restructuring at the airline
 "SpiceJet crashes 10% after COO, CCO step down amid 'restructuring'")
Aditya Birla Capital rallies 6% on plans to merge Aditya Birla Finance
Analysts believe that the amalgamation scheme would offer key positives to Aditya Birla Capital, which includes simplified operations and elimination of Holdco discount.
 "Aditya Birla Capital rallies 6% on plans to merge Aditya Birla Finance")
R K Swamy makes weak debut, lists at 13% discount to its issue price
R K Swamy's Rs 423.56-crore initial public offer (IPO) was subscribed 25.78 times
 "R K Swamy makes weak debut, lists at 13% discount to its issue price")