Page 1767 - Markets News

Top headlines: Paytm stock sinks 27% on debut; govt accepts Cairn's offer

Business Standard brings you the top stories on Thursday

IT major Wipro to replace Bajaj Auto in Sensex, effective December 20

IIFL Alternative Research estimates Wipro to see passive inflows of $166 million and Bajaj Auto to see outflows of $80 million on account of the rebalancing

Sebi tweaks framework for determining 'fit and proper person'

Under the new framework, these criteria will be principle-based and/or rule-based

Sensex ends 372 pts lower; Paytm down 27%; Sapphire gains 4%, Escorts 10%

The broader markets ended with deeper cuts, the BSE Midcap and Smallcap indices were down 1.5 per cent each

Escorts stock zooms 8% as Japan's Kubota to raise stake, make open offer

Japan-based Kubota invests Rs 1,874 crore to acquire 9.66 mn shares through preferential route at Rs 2,000 per share

Zensar Tech dips 9% after over 10% equity change hands via block deals

At 09:15 am; around 26.82 million shares representing 11.87 per cent of total equity of Zensar Technologies changed hands on the BSE, the exchange data showed.

IRCTC shareholding: MFs' stake falls below 1%, FPIs sell 2.2% holding

Between October 1, 2021 and November 5, 2021, MFs reduced their stake in IRCTC by 4.09 percentage points to 0.69%

Post Sapphire's debut, chart check on Burger King, Barbeque, Zomato stocks

Food and food-related players are expected to jump up to 15 per cent in coming days

Vedanta dips 3% after company announces value unlocking plans

The board to evaluate and recommend a range of options and alternatives, including demergers, spin-offs or strategic partnerships of its aluminium, iron & steel, and oil & gas businesses

Sapphire Foods makes good debut; gains 17% against issue price post listing

The stock listed at Rs 1,350, a 14 per cent premium against issue price of Rs 1,180 per share on the National Stock Exchange

Paytm fails to shine on exchanges; stock debuts at 9% discount at Rs 1,955

At 10:01 am; Paytm was trading at Rs 1,805, 16% lower against its issue price of Rs 2,150

Stocks to Watch: Paytm, KFC, Vedanta, ITC, Zomato, Phoenix, PNB Hsg, IRCTC

Paytm and Sapphire Foods (owner of KFC) will make their debut on the stocks exchanges today

Experts analyse Sebi IPO rules, Fitch outlook and their impact on markets

Sebi has proposed tighter rules around the use of IPO proceeds. And, Fitch Ratings has retained India's ratings at the lowest investment grade. How will these impact the primary market? Let's find out

Gold price today at Rs 48,740 per 10 grams; silver at Rs 66,400 a kg

The rate of gold jewellery varies across the nation due to excise duty, state taxes, and making charges.

India draws $1.93 bn fintech investment in Q3; tops APAC: S&P Global

Going ahead, experts see the fintech landscape changing rapidly in India as digitisation of customers and merchants opens up new possibilities for players to provide financial services

Oil slumps, hitting six-week lows on revived supply concerns

The declines took Brent to its lowest close since October 1 and US crude to its lowest settlement since October 7

Domestic brokerages remain bullish on market; retail investors key driver

A majority of brokerages believed equities would be the best asset class for the next one year

Sensex, Nifty fall for second day on profit taking in RIL, HDFC twins

Reliance Industries declined by 1.91 per cent, Kotak Bank by 1.51 per cent, Bharti Airtel by 1.39 per cent and Titan by 1.2 per cent

Sebi comes out with a charter of dos and don'ts for investors

The charter includes rights and responsibilities of investors and dos and don'ts of investing in securities market, as per a public notice

Market wrap: Sensex falls for a second day; Nifty ends below 17,900

Cabinet approves Rs 6,466-crore fund for telecom infra; LIC IPO expected by Q4, says DIPAM secretary; Go Fashion IPO sails through on first day