Page 1861 - Markets News
Rolex Rings makes strong debut, lists at 39% premium over issue price
Rolex Rings listed at Rs 1,250 as against issue price of Rs 900 per share on the NSE
 "Rolex Rings makes strong debut, lists at 39% premium over issue price")
BASF India zooms 33% in two days on robust June quarter results
The company reported a net profit of Rs 197.28 crore in Q1FY22 as against a loss of Rs 31.18 crore in Q1FY21
 "BASF India zooms 33% in two days on robust June quarter results")
Laurus Labs hits record high; rallies 17% in 7 days post Q1 results
The management holds a positive outlook across all four businesses -- FDF, APIs, Synthesis and Bio -- and believes the outlook remains robust driven by improving demand and supported by capex
 "Laurus Labs hits record high; rallies 17% in 7 days post Q1 results")
Market Ahead Podcast, August 9: Factors that could guide markets this week
Shares of Rolex Rings will make a debut on the bourses on August 9. The final price has been fixed at Rs 900 per share. Grey market trends suggest a strong listing for the company at Rs 1,350
 "Market Ahead Podcast, August 9: Factors that could guide markets this week")
Money fleeing China's shaky stocks may overlook pricey India, says UBS
UBS predicts the NSE Nifty 50 Index will fall to 15,500 by the end of June 2022, down almost 5% from Friday's close.
 "Money fleeing China's shaky stocks may overlook pricey India, says UBS")
Best platforms seeing biggest spike in new users: Zerodha's Nithin Kamath
Nithin Kamath says that a lot of first-time users, who have entered the markets after Covid are increasingly investing in mutual funds, exchange-traded funds, and stocks for their long-term goals
 "Best platforms seeing biggest spike in new users: Zerodha's Nithin Kamath")
LIC stake in NSE-listed companies dips in June quarter, shows data
The percentage of holding across 295 companies, where its holding is more than 1 per cent, slipped to 3.74 per cent in Q1 from 3.83 per cent in the previous quarter ended March on an aggregate basis
 "LIC stake in NSE-listed companies dips in June quarter, shows data")
FPIs, domestic institutional investors show divergent sector preferences
FPIs have cornered the bulk of the free float available in sectors such as private banks, real estate, and insurance.
 "FPIs, domestic institutional investors show divergent sector preferences")
Street signs: Falling GMPs signal IPO fatigue, NFO targets on rise & more
According to market players, the GMP for CarTrade is 25 per cent, while Nuvoco Vistas is less than 10 per cent, over their offer price.
 "Street signs: Falling GMPs signal IPO fatigue, NFO targets on rise & more")
FPIs return to equities, invest Rs 975 crore in first week of August
Foreign portfolio investors have made a comeback to India's equities segment and made a net investment of Rs 975 crore in the first week of August
 "FPIs return to equities, invest Rs 975 crore in first week of August")
Earnings, macro data, global trends to dictate markets this week: Analysts
Markets this week would be guided by the ongoing quarterly earnings, macroeconomic data announcements and global trends, analysts said
Macro-data expected to trigger equities' northward moves
India's key equity indices are expected to resume their northward trajectory during the upcoming week, experts opined.
 "Macro-data expected to trigger equities' northward moves")
Top headlines: Retail rush for 4 IPOs, lenders worried over RIL-Future deal
Business Standard brings you top headlines this morning
 "Top headlines: Retail rush for 4 IPOs, lenders worried over RIL-Future deal")
Sebi halves the post-IPO lock-in period for promoters to 18 months
Sebi has done away with the investment restrictions on the residual portion of investable funds of venture capital funds (VCFs)
 "Sebi halves the post-IPO lock-in period for promoters to 18 months")
NSE, IBBI ink pact for research collaboration
Leading stock exchange NSE on Friday said it has joined hands with the Insolvency and Bankruptcy Board of India (IBBI) for research collaboration.
 "NSE, IBBI ink pact for research collaboration")
Market winning streak ends as RIL shares shed 2.1% after SC order
The Supreme Court rules against merger of Future Retail with RIL's arm Reliance Retail; Sensex down 215 pts to 54,278 at close
 "Market winning streak ends as RIL shares shed 2.1% after SC order")
HNIs incur losses as Glenmark Life Sciences ends flat on listing day
Market observers said HNIs had placed leveraged bets, and lost big as their break even cost was more than Rs 850 per share
 "HNIs incur losses as Glenmark Life Sciences ends flat on listing day")
Sebi relaxes sweat equity norms for new-age technology cos
It has been decided to dispense with the minimum vesting period and lock-in period for all share benefit schemes in the event of death or permanent incapacity of an employee.
 "Sebi relaxes sweat equity norms for new-age technology cos")
L&T gets shareholders' nod to raise up to Rs 4,500 crore through bonds
A special resolution for raising the funds was approved with requisite majority.
 "L&T gets shareholders' nod to raise up to Rs 4,500 crore through bonds")
Sebi to scrap few disclosure requirements for promoters on acquiring shares
The obligation for physical disclosures would be done away with effect from April 1, 2022