Page 1251 - Markets News
Sebi mandates granular disclosure for certain FPIs, prescribes timeline
FPIs holding more than 50 per cent of their equity Asset Under Management in a single corporate group will be required to comply with the requirements for additional disclosures
 "Sebi mandates granular disclosure for certain FPIs, prescribes timeline")
Stocks to Watch: Paytm, Reliance, BEL, Astra Microwave, Vedanta, ADF Foods
Stocks to watch on August 25, 2023: Paytm promoter Antfin is likely to sell a 3.6 per cent stake, or 23 million shares, in the fintech company via block deals today
 "Stocks to Watch: Paytm, Reliance, BEL, Astra Microwave, Vedanta, ADF Foods")
Quantitative strategists fail to replicate US and China success in India
Low interest, strict regulations and the success of active stock-picking are scuppering the growth of quants in the world's most populous nation
 "Quantitative strategists fail to replicate US and China success in India")
Persistent Systems: 4 reasons why a Bull Spread in F&O should work here
Buy Persistent 5100 Call option and simultaneously Sell 5300 Call of the August, recommends Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.
 "Persistent Systems: 4 reasons why a Bull Spread in F&O should work here")
Nifty Energy, Commodities: Awaiting directional move
According to Ravi Nathani, an independent technical analyst, the Nifty Energy index is swinging between 26,650 - 26,080 range; whereas the Commodities index is consolidating between 6,340 - 6,150.
Increased surveillance by Sebi, stock exchanges ruins microcap party
Nearly two-thirds of sector stocks have underperformed smallcap index so far this year
 "Increased surveillance by Sebi, stock exchanges ruins microcap party")
Rupee sees highest single-day rise against US dollar in two months
Market now eyes the US Federal Reserve Chairman Jerome Powell's speech in Jackson Hole Symposium on Friday
 "Rupee sees highest single-day rise against US dollar in two months")
Sebi announces new disclosure requirements for select offshore funds
The funds will have 10 days to lower their investment to below 50% to avoid the enhanced disclosures
 "Sebi announces new disclosure requirements for select offshore funds")
Sensex, Nifty decline after three days of gains; Jio Financial falls 4.99%
Both the Sensex and the Nifty declined over a per cent from the day's highs amid a 2.5 per cent drop in RIL from its intra-day high
 "Sensex, Nifty decline after three days of gains; Jio Financial falls 4.99%")
Antfin likely to sell over 3% stake in Paytm via block deal on August 25
Deal is said to be valued at around $234 million
 "Antfin likely to sell over 3% stake in Paytm via block deal on August 25")
Union Bank prices equity share at Rs 86.55 for QIP; raises Rs 5,000 crore
Priced at 5% discount to floor price; another equity offering likely to reduce Govt stake further
 "Union Bank prices equity share at Rs 86.55 for QIP; raises Rs 5,000 crore")
Jio Financial Services stock declines 5% for a fourth straight day
The sharp drawdown has been on account of selling pressure from exchange-traded funds and global depository receipt holders
 "Jio Financial Services stock declines 5% for a fourth straight day")
Employee costs to haunt Indian IT even as biz prospects improve: Analysts
Indian IT Services companies, Goldman Sachs said, have doubled their market share in the last 10 years to 6.2 per cent of the global IT spending in CY22
 "Employee costs to haunt Indian IT even as biz prospects improve: Analysts")
Sebi initiates 3rd tranche of distribution of disgorged amount in IPO cases
The regulator has already distributed Rs 23.28 crore in April 2010 and Rs 18.06 crore in December 2015, according to a release
 "Sebi initiates 3rd tranche of distribution of disgorged amount in IPO cases")
Aeroflex Industries IPO subscribed 97 times; VPRPL subscribed 3.7 times
Backed by famed investor Ashish Kacholia, Aeroflex has priced its issue between Rs 102 and Rs 108 a share
 "Aeroflex Industries IPO subscribed 97 times; VPRPL subscribed 3.7 times")
PGIM India MF's ex-CEO Iyer settles inter-scheme transfers case with Sebi
"The instant proceedings initiated against the applicant vide Show Cause Notice dated April 13, 2022, are disposed of," Sebi said in its settlement order
Paytm shareholder Antfin to sell 3.6% stake via block deal: Report
The floor price for the sale is set at 880 rupees per share, the report added, which is a 2.7% discount on Paytm's last closing price of 904.45 rupees
 "Paytm shareholder Antfin to sell 3.6% stake via block deal: Report")
Sebi imposes Rs 20 lakh fine on SIMR for flouting regulatory norms
The Securities and Exchange Board of India (Sebi) conducted an examination of SIMR before issuing a show cause notice on July 11, 2023, for alleged violations
Sensex slips 732 pts from day's high, ends 181 pts lower; RIL, L&T weigh
CLOSING BELL ON AUGUST 24, 2023: The Nifty tumbled over 200 pts in intra-day deals, and ended with a loss of 57 points. IndusInd Bank, Asian Paints and Infosys, however, gained over a per cent each.
 "Sensex slips 732 pts from day's high, ends 181 pts lower; RIL, L&T weigh")
Stock of this real estate company has zoomed over 100% in one month
Shares of DB Realty surged 6% to hit an over 10-year high of Rs 156.90 on the BSE on Thursday
 "Stock of this real estate company has zoomed over 100% in one month")