Page 1806 - Markets News
IFSCA in process to set up International Arbitration Centre in GIFT IFSC
The International Financial Services Centres Authority (IFSCA) is in the process of setting up an International Arbitration Centre in the GIFT IFSC for speedy resolution of any dispute
 "IFSCA in process to set up International Arbitration Centre in GIFT IFSC")
Sebi makes fewer information requests to foreign regulators amid pandemic
Incoming requests from foreign regulators also dropped to their lowest since 2012-13
 "Sebi makes fewer information requests to foreign regulators amid pandemic")
India climbs two slots on world table after $1 trn m-cap addition
Currently, the domestic markets rank 6th with a market cap of $3.55 trillion. During the start of the year, India was in 8th position
 "India climbs two slots on world table after $1 trn m-cap addition")
Profit booking sees market cooling off after hitting record highs
Sensex drops 865 pts from day's high; Private banks gain
 "Profit booking sees market cooling off after hitting record highs")
Market rally would remain broad-based going ahead: Sampath Reddy
The Bajaj Allianz Life Insurance CIO expects natural profit taking to happen with rising markets, but does not see any meaningful correction
 "Market rally would remain broad-based going ahead: Sampath Reddy")
Focus now on faster NPA resolution to ensure NARCL's success: Analysts
Analysts expect the 'bad bank' to improve the balance sheet of banks, and aid incremental cash flow. However, a delayed resolution may dent the asset's value over time
 "Focus now on faster NPA resolution to ensure NARCL's success: Analysts")
Paytm IPO: Employees get time till Sep 22 to convert ESOPs into shares
Paytm has given time till September 22 to its employees to decide on converting their stock options ahead of the company's Rs 16,600 crore-IPO planned to be launched in October
 "Paytm IPO: Employees get time till Sep 22 to convert ESOPs into shares")
Sebi levies fine on Titan's employee for disclosure lapses
Markets regulator Sebi on Friday imposed monetary penalty on an employee of Titan Company Ltd for disclosure lapses, in violation of insider trading norms
Market Wrap Podcast, September 17: All that happened in the markets today
The top Sensex gainer was Kotak Mahindra Bank which rose 5 per cent, followed by HDFC Bank that added 2 per cent. That said, the top losers were Tata Steel and SBI that lost up to 4 per cent
 "Market Wrap Podcast, September 17: All that happened in the markets today")
Shares of Indian airlines fly high as August passenger traffic surges
Shares of Indian airlines InterGlobe Aviation and SpiceJet surged on Friday after regulatory data showed that passenger growth jumped 136.6% last month
 "Shares of Indian airlines fly high as August passenger traffic surges")
Securitisation volumes pick up post-Q1 FY22 as collections improves: Report
India Ratings and Research on Friday said securitisation volumes have picked up post the second wave lull in the first quarter of the current fiscal, helped by the improvement in collections.
 "Securitisation volumes pick up post-Q1 FY22 as collections improves: Report")
Sensex tanks 720 pts from day's high, ends 125 pts down; Nifty PSB drops 3%
On the weekly basis, the benchmark indices gained, thus taking their winning run to the fourth straight week
 "Sensex tanks 720 pts from day's high, ends 125 pts down; Nifty PSB drops 3%")
Surya Roshni soars 11%, hits new high on strong growth outlook
With a focus on improvement in product mix in steel pipes segment, the broking firm IDBI Capital expect Surya Roshni's margins to improve over the next two-three years
 "Surya Roshni soars 11%, hits new high on strong growth outlook")
CESC registers new high post 1:10 stock split, surges 10%
Shares of the electric utilities company traded with heavy volume, as it surpassed its previous all-time high registered almost 3 years ago.
 "CESC registers new high post 1:10 stock split, surges 10%")
NARCL boost: Select PSU Banks can rally up to 25%; SBI may hit Rs 500-level
The Finance Minister in Budget 2021-22 announced that the high level of provisioning by public sector banks of their stressed assets calls for measures to clean up the bank books
 "NARCL boost: Select PSU Banks can rally up to 25%; SBI may hit Rs 500-level")
Aviation shares in focus; IndiGo hits record high, SpiceJet soars 7%
InterGlobe Aviation, the parent firm of IndiGo airlines, hit a 52-week high at Rs 2,155 and has rallied 9 per cent on the BSE in intra-day trade on hopes of positive future prospects.
 "Aviation shares in focus; IndiGo hits record high, SpiceJet soars 7%")
Poonawalla Fincorp hits 5% lower circuit for second day as MD resigns
Sebi on Wednesday barred Abhay Bhutada, the MD and CEO of Poonawalla Fincorp, and seven others from accessing the securities market for allegedly insider trading in shares of the company
 "Poonawalla Fincorp hits 5% lower circuit for second day as MD resigns")
Stock of this telecom services provider has zoomed over 100% in 11 days
The Union Cabinet announced key telecom reforms, including moratorium of telecom dues on, both, AGR and Spectrum for 4 years, which is a key cash flow relief measure for Vodafone Idea
 "Stock of this telecom services provider has zoomed over 100% in 11 days")
PSU banks trade mixed after govt unveils NARCL plan; SBI hits new high
The government has approved a guarantee of Rs 30,600 crore to be provided for the security receipts issued by the National Asset Reconstruction Company (NARCL) to buy bad loans of lenders.
 "PSU banks trade mixed after govt unveils NARCL plan; SBI hits new high")
Stocks to watch: Biocon, Hero Moto, Poonawalla Fin, TVS Motor, bank stocks
Hero MotoCorp on Thursday said it will increase the price of its entire model range by up to Rs 3,000 from September 20
 "Stocks to watch: Biocon, Hero Moto, Poonawalla Fin, TVS Motor, bank stocks")