Page 2398 - Markets News
Piramal Enterprises' Rs 3,600-crore rights issue fully subscribed
Based on preliminary information, the total applications from ASBA and non-ASBA have exceeded the issue amount to eligible equity shareholders, and therefore, oversubscribed, the firm said
 "Piramal Enterprises' Rs 3,600-crore rights issue fully subscribed")
Govt planning to launch National Mission on Edible Oil in the near future
Experts have suggested activating the oilseed mission and creating an oilseed development fund while looking at possibility of allowing GM oilseeds into the country
 "Govt planning to launch National Mission on Edible Oil in the near future")
HDFC AMC sees 27% spike in profit; holds 14.4% market share in MF industry
Improving mix of equity products is positive for an AMC as equity products offer higher management fees than fixed income products.
 "HDFC AMC sees 27% spike in profit; holds 14.4% market share in MF industry")
Q3 results: ICICI Securities' revenue grows 4%, Lombard meets expectations
December quarter (Q3) was a mixed ICICI Bank's subsidiaries - namely ICICI Lombard, ICICI Securities (I-Sec), and ICICI Prudential Life Insurance (I-Pru Life)
 "Q3 results: ICICI Securities' revenue grows 4%, Lombard meets expectations")
Shree Cement, UltraTech likely to benefit from any uptick in demand
While UltraTech and Shree Cement have risen 13-16 per cent since their December lows, ACC and Ambuja Cements have lagged, with gains of 6-9 per cent
 "Shree Cement, UltraTech likely to benefit from any uptick in demand")
Sebi reaffirms earlier ruling in Sahara India Commercial Corporation case
The order relates to SICCL collecting funds to the tune of Rs 14,106 crore between 1998 and 2009 from nearly 20 million investors through bonds
 "Sebi reaffirms earlier ruling in Sahara India Commercial Corporation case")
Lower prices, production take sheen off Hindustan Zinc's Q3 performance
In Q3, the average zinc prices on the London Metal Exchange at $2,388 a tonne was down 9 per cent year-on-year (YoY); sequentially, it was up marginally by 2 per cent
 "Lower prices, production take sheen off Hindustan Zinc's Q3 performance")
'Volfefe' index effect: Global derivative volumes hit a record in 2019
The NSE was the top destination globally in terms of the number of derivatives contracts traded
 "'Volfefe' index effect: Global derivative volumes hit a record in 2019")
Sebi notifies norms, scraps upfront fees for portfolio management services
Under portfolio management services (PMS), portfolio managers offer customised investment advice to clients, typically high net worth individuals.
Credit risks to remain high in India's financial sector in 2020, says S&P
India will go through a tug of war on the economy, resolution of bad loans, and health of non-banking financing companies (NBFC), S&P said
 "Credit risks to remain high in India's financial sector in 2020, says S&P")
Rupee-dollar derivatives set to enter stock exchanges in GIFT City IFSC
At present, cross-currency trades are permitted on the International Exchange (INX) floated by the BSE and NSE IFSC exchange situated in GIFT City IFSC
 "Rupee-dollar derivatives set to enter stock exchanges in GIFT City IFSC")
NSE outdoes CME Group, becomes world's largest derivatives exchange in 2019
Over the last five years, NSE said its cash equities segment has grown by more than 90 per cent from a daily average turnover of about Rs 17,572 crore in 2014-15 to about Rs 34,264 crore in 2018-19
Market Wrap, Jan 21: Nifty holds 12,150; small-caps outperform; autos slide
Tata Steel, Asian Paints, and Maruti Suzuki, down up to 3 per cent, were the top laggards at the index. On the other hand, UltraTech Cement, HDFC, and IndusInd Bank ended the day as top gainers
 "Market Wrap, Jan 21: Nifty holds 12,150; small-caps outperform; autos slide")
Axis Bank rallies 230% under Shikha Sharma; markets see exit as positive
The underperformance over the last one year, analysts say, has been on account of the Bank's worsening asset quality led by its corporate loan portfolio.
 "Axis Bank rallies 230% under Shikha Sharma; markets see exit as positive")
MARKET WRAP: Sensex slides 200 pts, Nifty above 12,150; India VIX rises 3%
All that happened in the markets today
 "MARKET WRAP: Sensex slides 200 pts, Nifty above 12,150; India VIX rises 3%")
Hindustan Aeronautics shares surge 10%, hit 52-week high
The Competent Authority has granted its approval for enhancement of working capital limit from Rs 7,300 crore to Rs 12,050 crore.
 "Hindustan Aeronautics shares surge 10%, hit 52-week high")
Housing finance stocks in focus; Can Fin Homes surges 17% post Q3 results
Repco Home Finance, GIC Housing Finance, PNB Housing Finance, and LIC Housing Finance rallied up to 13% in intra-day today in an otherwise weak market.
 "Housing finance stocks in focus; Can Fin Homes surges 17% post Q3 results")
Axis Bank Q3 preview: Commentary on employee churn, NPAs key monitorables
During the quarter under review, the counter has outperformed the benchmark S&P BSE Sensex by surging 10.12 per cent, as against a 6.6 per cent gain in the index.
 "Axis Bank Q3 preview: Commentary on employee churn, NPAs key monitorables")
Spencer's Retail surges 18% as RK Damani picks up 2% stake in Dec quarter
Radhakishan S Damani acquired 1.66 million equity shares, or 2.09 per cent stake, in the company during the recently concluded quarter.
 "Spencer's Retail surges 18% as RK Damani picks up 2% stake in Dec quarter")
KEI Industries soars 6% as December quarter earnings beat Street estimates
The company reported a 50% growth in net profit at Rs 72.54 crore on the back of healthy 21% jump in net sales at Rs 1,314 crore during the quarter
 "KEI Industries soars 6% as December quarter earnings beat Street estimates")