Page 1984 - Markets News

Barbeque Nation Hospitality's Rs 453-crore IPO to open on Wednesday

The company will issue fresh equity worth Rs 180 crore in the maiden offering

Shoppers snap up gold bangles to bars amid price slump in Asia

Gold in the international market dropped 0.9 per cent to $1,729.60 an ounce on Monday

Two VC firms form SPAC in US, will seek Indian startups planning IPOs

VC investors Ravi Adusumalli and Shashin Shah will lead the SPAC

Dynamic asset allocation gains currency in choppy equity, debt markets

Such funds alternate between debt and equity depending on market conditions

Sebi asks NSE to fix individual responsibilities for trading glitch

Regulator issues new guidelines for switching to backup sites

Amid global rout, govt cancels last bond auction of FY21

The government decided to cancel the auction on review of its cash balances, RBI said in a statement after close of markets Monday

Telecom links failure led to outage; measures being taken to correct: NSE

The National Stock Exchange (NSE) on Monday said failure of telecom links as well as that of software area network system led to the outage at the bourse last month.

Start ops from disaster recovery site in 45 mins of glitch: Sebi tells MIIs

Sebi on Monday asked market infrastructure institutions to begin operations from disaster recovery sites within 45 minutes of a disruption to critical systems

Finance ministry asks Sebi to address issues that led to NSE outage

The finance ministry has asked markets regulator Sebi to take necessary measures to address issues that led to the outage at National Stock Exchange recently

Dollar dominates as hedge funds cut shorts on Treasury yield rise

Turkey's shock weekend decision to replace its hawkish central bank governor also supported the dollar's safe-haven appeal.

Gold prices dip as investors pile into US dollar on Turkish tumult

Spot gold was down 0.8% to $1,731.38 per ounce by 1052 GMT

Market Wrap, March 22: Here's all that happened in the markets today

Weak global sentiment scarred bulls on Monday as heavy selling in the financial and banking counters outweighed the gains in pharma, IT, and FMCG space

Oil prices slip as Europe Covid lockdowns dim demand recovery hopes

Germany plans to extend a lockdown to contain Covid-19 infections into a fifth month

Gold declines Rs 302 in line with global trend; silver tanks Rs 1,533

Gold in the national capital tumbled by Rs 302 to Rs 44,269 per 10 grams on Monday, reflecting overnight decline in global gold prices and rupee appreciation

Rupee gains 15 paise to end at 72.37 against USD amid easing oil prices

This was also driven by foreign fund inflows

Decline in banks outweighs gains in IT, pharma stocks; Sensex slips 87 pts

IndusInd Bank, Power Grid, ICICI Bank, Tata Motors, HDFC Bank, Reliance Industries, and Axis Bank, down up to 4 per cent, were the top laggards on both the benchmarks

MobiKwik targets IPO by September, seeks to raise $200-$250 mn: Report

The Gurgaon-based company intends to hold a pre-IPO funding round that could give the startup a valuation of about $700 million

This pharma stock has zoomed over 10,000% in 96 trading days

Orchid Pharma shares were locked in the upper circuit for the 96th straight trading day

India to emerge as world's third largest economy in 2031: BofA Securities

Covid-19 to push back this feat by three years. BofA had earlier projected this in 2017 and had expected the Indian economy to achieve this status by 2028

ACC, Ambuja Cements gain up to 7% in a weak market; trade near record highs

Over the medium-term, the companies expect all India cement demand to grow at around 5-6 per cent on an average, mainly on the back of rural housing, followed by infrastructure segment