Page 1249 - Markets News
JSW group to buy 35% stake in joint venture with SAIC Motor of China
MG Motor India JV to focus on electric vehicles
 "JSW group to buy 35% stake in joint venture with SAIC Motor of China")
Thomas Cook OFS subscribed 2.1x; Mission1 buys 23% stake in Shriram AMC
The 40-million share offering saw bids for 85.7 million shares largely from institutional investors
 "Thomas Cook OFS subscribed 2.1x; Mission1 buys 23% stake in Shriram AMC")
Despite secondary market volatility, IPO charm is here to stay: Analysts
Any price-wise correction in the broader markets, which has seen maximum number of companies hitting the Street this may, may 'temporarily' halt the primary market buzz
 "Despite secondary market volatility, IPO charm is here to stay: Analysts")
Smallcaps see biggest monthly leap in 3 years; Nifty climbs 5.5% in Nov
Nifty ascends 5.5% in November, marking its strongest increase in 16 months
 "Smallcaps see biggest monthly leap in 3 years; Nifty climbs 5.5% in Nov")
Sensex ends 87 pts up, Nifty at 20,130; Tata Tech surges 165%, Gandhar 79%
Stock market highlights: After listing at a whopping 140 per cent premium, shares of Tata Technologies closed at Rs 1,326, which is 165 per cent higher against the issue price of Rs 500
 "Sensex ends 87 pts up, Nifty at 20,130; Tata Tech surges 165%, Gandhar 79%")
Metro Brands, Nykaa soar up to 9% on inking licensing pact with Foot Locker
Shares of Metro Brands surged 9 per cent to hit a new high of Rs 1,440.45, while Nykaa gained 3.5 per cent to Rs 178.20 on the BSE in intra-day trade today
 "Metro Brands, Nykaa soar up to 9% on inking licensing pact with Foot Locker")
Fedbank Financial makes weak debut; lists at 2% discount to issue price
Fedbank Financial is a retail-focused NBFC promoted by Federal Bank which focuses on Micro, Small & Medium Enterprises (MSMEs) and the emerging self-employed individuals (ESEIs) sector.
 "Fedbank Financial makes weak debut; lists at 2% discount to issue price")
Analysts suggest hedging India equity portfolio before state poll results
India's blue-chip Nifty 50 index, hovering near record highs, has rallied 5% in November and is up 11% this year. It was at 20,044.6 at 12:40 p.m. IST
 "Analysts suggest hedging India equity portfolio before state poll results")
Market-cap of this Tata Group stock nears Rs 1 trillion; surges 24% in Nov
Trent's market cap touched Rs 98,399 crore in intra-day trade on Thursday as the stock hit a new high of Rs 2,768 on the BSE
 "Market-cap of this Tata Group stock nears Rs 1 trillion; surges 24% in Nov")
IREDA extends rally in weak market; stock zooms 115% against issue price
The stock hit a new high of Rs 68.91 on the BSE in intra-day trade today, has zoomed 115% against its issue price of Rs 32 per share on the BSE.
 "IREDA extends rally in weak market; stock zooms 115% against issue price")
Tata Tech lists at 140% premium; Should you buy, sell or hold the stock?
The handsome gains were expected due to the robust demand for the IPO, which was subscribed 69 times against the shares on offer
 "Tata Tech lists at 140% premium; Should you buy, sell or hold the stock?")
Gandhar Oil Refinery makes robust debut; stock zooms 104% over issue price
The initial public offer (IPO) of Gandhar Oil Refinery had received good response from the investors and was subscribed 65.63 times.
 "Gandhar Oil Refinery makes robust debut; stock zooms 104% over issue price")
India's blue-chips shares set to continue ascent towards new record highs
India's GIFT Nifty was down 0.05% at 20,132 as of 8:03 a.m. IST. The blue-chip Nifty 50 index on Wednesday settled at 20,096.60, above the 20,000 mark for the first time since Sept. 18
 "India's blue-chips shares set to continue ascent towards new record highs")
GIFT City gears up for direct listings, re-insurance in next growth phase
The first phase followed the creation in 2020 of a new regulator, the International Financial Services Authority, which outlined an ambition to create a welcoming place
 "GIFT City gears up for direct listings, re-insurance in next growth phase")
Stocks to Watch: Tata Tech, Gandhar Oil, Airtel, BoB, Thomas Cook, IDBI Bk
Stocks to watch on Thursday, November 30, 2023: Debutants Tata Technologies, Gandhar Oil Refinery and Fedbank Financial Services likely to hog the limelight in trades today.
 "Stocks to Watch: Tata Tech, Gandhar Oil, Airtel, BoB, Thomas Cook, IDBI Bk")
Bias for Nifty IT index to turn bullish only above 32,664, indicates chart
According to Ravi Nathani, an independent technical analyst, the Nifty Auto index is likely to exihibit bullish trend as it hovers in uncharted territory.
 "Bias for Nifty IT index to turn bullish only above 32,664, indicates chart")
Retail broking revenues could more than double in 5 years: Bain & Company
Bain & Co highlights that the industry has also managed to penetrate beyond the top cities
 "Retail broking revenues could more than double in 5 years: Bain & Company")
India moves to elite club of nations as mcap tops $4 trn for first time
Stocks outside the top 100 universe have made a significant contribution to the mcap growth this year
 "India moves to elite club of nations as mcap tops $4 trn for first time")
Alipay sells entire 3.44% stake in Zomato, Axis MF unveils new fund scheme
WhiteOak Capital Mutual Fund on Wednesday announced the launch of new fund offer (NFO) - Large & Mid Cap Fund, an open-ended equity scheme investing in both largecap and midcap stocks
 "Alipay sells entire 3.44% stake in Zomato, Axis MF unveils new fund scheme")
Municipalities can look at escrow account structure to garner funds: Buch
Sebi's chief Madhabi Puri Buch said said there are a good number of investors who are waiting to invest in urban infrastructure projects
 "Municipalities can look at escrow account structure to garner funds: Buch")