Page 1240 - Markets News
EMS Ltd IPO subscribed 75 times on final day by mostly institutional buyers
The Initial Public Offering (IPO) of water and sewerage infra player EMS Ltd was subscribed 75.28 times on the final day of subscription on Tuesday, with heavy participation from institutional buyers.
 "EMS Ltd IPO subscribed 75 times on final day by mostly institutional buyers")
Updater Services receives Sebi's approval to go-ahead to float IPO
Integrated facilities management company Updater Services Ltd has received capital markets regulator Sebi's approval to raise funds through an initial public offering (IPO)
 "Updater Services receives Sebi's approval to go-ahead to float IPO")
Gold ticks down by 0.2% as US inflation data eyed for Fed rate cues
Spot gold was down 0.2% to $1,918.72 per ounce by 1016 GMT, while U.S. gold futures dipped 0.3% to $1,941.70
 "Gold ticks down by 0.2% as US inflation data eyed for Fed rate cues")
Mid, SmallCap indices sink up to 4% ahead of CPI inflation; benchmarks flat
Closing Bell on September 12, 2023: Among sectors, the Nifty Media index declined nearly 4 per cent, the Nifty Metal index nearly 3 per cent, and the Nifty PSU Bank and Auto indices up to 2.5 per cent
 "Mid, SmallCap indices sink up to 4% ahead of CPI inflation; benchmarks flat")
TCS gains 3%, hits 52-week high in range-bound market
TCS continues to witness robust demand for cloud migration, digital engineering, product innovation, and enterprise application solutions, according to analysts
 "TCS gains 3%, hits 52-week high in range-bound market")
BSE Smallcap index slips 4%, records sharpest intra-day fall of 2023 so far
Total 22 stocks from the Smallcap index including Suzlon Energy, GMR Power, Reliance Infra, PTC Ind, Genus Power, Patel Engg and HPL Electric were locked at their respective lower circuits on the BSE.
 "BSE Smallcap index slips 4%, records sharpest intra-day fall of 2023 so far")
Lemon Tree Hotels rallies 15% in 4 days on signing new property in Shimla
The management said the outlook for Lemon Tree Hotels remains promising, with healthy occupancy rates and higher average room rates (ARRs)
 "Lemon Tree Hotels rallies 15% in 4 days on signing new property in Shimla")
Bank of India up 3% on heavy volumes; nears 52-week high on healthy outlook
Going ahead, bank targets advance growth of 11- 12 per cent in FY24-25E with continued focus on retail/ MSME segment.
 "Bank of India up 3% on heavy volumes; nears 52-week high on healthy outlook")
L&T turns ex-date for buyback; zooms 4% on raising buyback price to Rs 3200
The company has revised the buyback price upwards from Rs 3,000 per share to Rs 3,200 per share
 "L&T turns ex-date for buyback; zooms 4% on raising buyback price to Rs 3200")
IDFC First Bank's MD and CEO V Vaidyanathan to raise stake in bank
GQG Partners acquires shares of IDFC First Bank through block deal
 "IDFC First Bank's MD and CEO V Vaidyanathan to raise stake in bank")
Nifty Fin Services, PSU Bank: Time to ride the bullish wave, suggest charts
According to Ravi Nathani, an independent technical analyst, the Nifty Financial Services index could potentially rally to 20,975, while the Nifty PSU Bank index can gallop to 5,055.
 "Nifty Fin Services, PSU Bank: Time to ride the bullish wave, suggest charts")
Stocks to Watch, Sep 12: L&T, RIL, Lupin, Hindalco, TVS Supply, Power Grid
Stocks to watch on Tuesday, September 12, 2023: From L&T raising its share buyback price, Bajaj Finance planning to enter new car loans segment, Power Grid to trade ex-bonus and more.
 "Stocks to Watch, Sep 12: L&T, RIL, Lupin, Hindalco, TVS Supply, Power Grid")
Bulls lift Nifty to 20K, Sensex up 528 points; India mcap nears $4 trillion
Economic optimism also propels small, midcap indices to new highs
 "Bulls lift Nifty to 20K, Sensex up 528 points; India mcap nears $4 trillion")
India, UK explore possibility of shares listing at GIFT City and LSE
Under current regulations, Indian firms are not allowed to list directly on overseas exchanges. They can only list on foreign exchanges through instruments such as depository receipts
 "India, UK explore possibility of shares listing at GIFT City and LSE")
Bucking the emerging market trend: India mcap nears another peak
Foreign investors have bought more than $16 billion worth of Indian stocks on a net basis so far in 2023, set to be the biggest inflow in 3 years
 "Bucking the emerging market trend: India mcap nears another peak")
Ratnaveer Precision up 37%, Fintech Zaggle sets price band of Rs 156-164
Fintech player Zaggle Prepaid Ocean Services on Monday set the price band for its Rs 564 crore-initial share sale at Rs 156-164 apiece
 "Ratnaveer Precision up 37%, Fintech Zaggle sets price band of Rs 156-164")
Share sale of travel service provider Yatra Online IPO to open on Friday
The initial share sale of travel service provider Yatra Online Ltd will open for public subscription on Friday
Mid-, smallcap stocks overheated; rally an irrational exuberance: Analysts
The S&P SBE Smallcap index has given a stellar return - rising over 32 per cent in 2023
 "Mid-, smallcap stocks overheated; rally an irrational exuberance: Analysts")
Equity MF inflows hit 5-month high on record SIP run, easing outflows
Gross inflows in August surge 18% over previous month; redemptions decline 19%
 "Equity MF inflows hit 5-month high on record SIP run, easing outflows")
Sebi issues framework for REITs, InvITs to exercise board nomination rights
Markets regulator Sebi issued the framework to exercise board nomination rights by eligible unitholders of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)