Page 2039 - Markets News

IndiaMART InterMESH shares surge 8% after launch of QIP issue

The board may offer a discount of 5 per cent on the floor price at its discretion, the company said

PSU banks, Magma Fincorp drive S&P BSE SmallCap index near record high

In the past one week, Bank of Maharashtra and Indian Overseas Bank have surged up to 67 per cent on report that the government has shortlisted four mid-sized state-run banks for privatisation

Dish TV jumps 6% as board approves raising up to Rs 1,000 crore

The company and its promoters settled with Sebi cases of alleged disclosure lapses after paying nearly Rs 45 lakh as settlement charges

Stocks to watch: Bharti Airtel, IndiaMart, Dish TV, GAIL, Ambuja Cements

Dish TV's board, on Wednesday, approved raising funds of up to Rs 1,000 crore

Market Ahead, Feb 18: Top factors that could guide markets today

Ambuja Cements and 4 other firms are slated to announce their December quarter numbers today

Bitcoin scales $51,000 for the first time as crypto fever continues

Activity in Bitcoin futures suggests traders don't see a sudden end to the crypto rally, with spreads continuing to widen between the active contract and March futures

Don't regulate crude oil production and raise prices, Pradhan urges OPEC

Petrol crosses Rs 100 a litre in Rajasthan's Sriganganagar

Weak Q3, downgrades to keep Bayer CropScience stock under pressure

Given the focus on volume growth and price cuts margin pressures may remain

Size, branch reach make Bank of India an attractive privatisation candidate

First to exit PCA in 2019, the bank's efforts to better its asset quality is yielding results

Schneider-Sebi spat: Bombay HC redirects firm to SAT in delisting case

Court asks SAT to look at new appeal without being influenced by its earlier order of November 26, 2019; Sebi told not to take any coercive action against firm for three weeks

Sensex extends losses amid global weakness; HDFC twins drag

Equity indices buckled under selling pressure for the second straight session on Wednesday as risk appetite remained subdued amid a bearish trend overseas

MF energy exposure off 280 bps since July, at near 3-yr low; IT at new high

According to one analysis, about 6.9% of equity scheme assets were invested in energy firms, close to 12% in IT

Investors bet big on cyclicals as economic recovery gathers pace

Going ahead, given the sharper-than-expected economic recovery back home, analysts say, can fuel a further rally in domestic cyclicals, industrials, and financials

Hedge funds commitments dip 2.7% in first-ever drop in the category

Pandemic year has seen a slowdown for other kinds of alternative investment funds too

Nureca's Rs 100-crore IPO subscribed 40x; RailTel Corp 7x on Day Two

Interestingly, the bulk of the demand came from retail investors for Nureca

Kotak MF moves multicap fund to newly-created flexicap category

As on January 2021, Kotak Flexicap fund had assets of Rs 32,400 crore, making it one of the largest scheme in the category

Nestle India's investors may have to take a break on muted Q4 show

While valuations are rich, analysts have trimmed earnings estimates by 2-4% for CY20-CY23

BankBazaar expands employee stock pool, adds shares worth $15 million

BankBazaar.com has said it has expanded its employee stock ownership plan (ESOP), adding shares worth USD 15 million (about Rs 109 crore) to the pool.

Oil mixed over US production fall, possible Saudi output rise

Benchmark Brent crude gained 13 cents, or 0.2%, to $63.48 a barrel at 1442 GMT, while U.S. West Texas Intermediate (WTI) crude fell 18 cents, or 0.3%, to $59.87 a barrel

RailTel Corporation IPO subscribed 6.64 times on second day

The initial public offer of telecom infrastructure provider RailTel Corporation of India was subscribed 6.64 times on the second day of subscription on Wednesday.