June quarter washout could keep FY21 muted
Retail investors bid for 987,191 shares as against 1.2 million on offer; share sale has sailed through as institutional investor portion was oversubscribed
BSE Sensex jumped 700 points or over 2 per cent to settle at 34,208.05 levels
On March 20, the markets regulator had imposed one-month restrictions on short-selling, increased margin requirements, and hiked penalties on violators
All that happened in the markets today
Vodafone Idea (VIL) would be the worst-affected if the AGR outstanding cannot be staggered or waived, but Bharti Airtel would also be under pressure
MSTC, MMTC, Hindustan Copper, Bharat Electronics, Ircon International, NLC India, Engineers India, BEML, STC India, NBCC, Mishra Dhatu Nigam and Container Corporation were up 4% to 8% on the BSE
P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly
The Supreme Court has given the Department of Telecommunication (DoT) time until July third week to consider the proposals by telecom companies.
Vodafone Idea (VIL), which has liabilities worth Rs 53,000 crore pleaded saying that it does not have enough money to pay and should be given some time
Net sales declined 6% YoY to Rs 1,535 crore, largely impacted by lockdown and disruption in the supply chain.
Besides the state-owned telcos, government may ask private players to stay away from such Chinese firms.
Here's a list of stocks that may remain in focus today
Better the confirmation, stronger the view. It is wise to wait for the next session to give an appropriate confirmation. A green close suggests upward rally and a red close indicates weakness.
Nifty likely to face stiff resistance at 10,000 as maximum call OI is placed here. We might witness strength only if Nifty breaks level of 10,000.
A total of 57 companies, including Bajaj Consumer Care, Whirlpool, and Care Ratings are scheduled to announce their results today
Sebi has also relaxed the norms for qualified institutional placements (QIP), a popular route to raise fresh capital from institutional investors.
The FY21 cut was prompted by indications that the June quarter has been a complete wash out and the outlook in the coming quarters will be weak given the economic downturn
Damani, the owner of Avenue Supermarts, has informally reached out to the cement manufacturer's controlling shareholder
This is four times the amount of Rs 774 crore invested at the end of the previous quarter