Page 286 - Markets News
Mcap of 7 top valued firms jumps by ₹1.18 trn; SBI, Airtel biggest winners
The market valuation of State Bank of India jumped ₹35,953.25 crore to ₹7,95,910 crore
 "Mcap of 7 top valued firms jumps by ₹1.18 trn; SBI, Airtel biggest winners")
Adani group adds ₹66K cr in value amid choppy markets after Sebi relief
Group stocks gain between 0.3% and 12.4%
 "Adani group adds ₹66K cr in value amid choppy markets after Sebi relief")
Strong growth, improving profitability bode well for Eternal's stock
The Eternal Food Delivery business (EFD) is also seeing improving profitability in the duopoly FD market
 "Strong growth, improving profitability bode well for Eternal's stock")
More Sebi orders likely in Adani case; MPS, insider trading under lens
Sources said regulator still examining charges related to possible violations of MPS, insider trading norms
 "More Sebi orders likely in Adani case; MPS, insider trading under lens")
'Let markets decide': US SEC chief open to easing quarterly reporting rules
US SEC Chairman Paul Atkins said the regulator will consider proposing a rule change in financial reporting, allowing companies to choose whether to report quarterly or semi-annually
 "'Let markets decide': US SEC chief open to easing quarterly reporting rules")
Sebi proposes regular updates of NAVs by AIFs in depository systems
The valuation date will be taken as the date of the valuation report if done by an external valuer, and as the date it is recorded in the fund's internal records if done by an internal valuer
 "Sebi proposes regular updates of NAVs by AIFs in depository systems")
Sebi eases process of transferring securities from nominee to legal heir
Currently, when a nominee transfers securities to a legal heir, the transaction may sometimes be treated as a "transfer" and assessed for capital gains tax
Sebi, RBI in talks to introduce corporate bond index derivatives
Sebi is in talks with RBI to roll out corporate bond index derivatives as part of efforts to expand India's debt market and boost retail and foreign investor participation
 "Sebi, RBI in talks to introduce corporate bond index derivatives")
Sebi expands eligibility for NGOs to raise funds via social stock exchange
Markets regulator Sebi on Friday permitted more charitable entities to raise funds through the Social Stock Exchange (SSE), in a bid to broaden access to the platform.
Sebi, RBI discuss steps to boost trading in corporate bond derivatives
Speaking at the ASSOCHAM National Council for Corporate Bonds, Narayan said, "Corporate bond index derivatives trading is another frontier in this regard
Rupee reverses early losses even as dollar rises; ends higher at 88.10/$
Indian Rupee today: The domestic currency closed 3 paise lower at 88.10 against the greenback on Friday
 "Rupee reverses early losses even as dollar rises; ends higher at 88.10/$")
Stock Market Highlights: Sensex snaps 3-day winning run, ends 388pts down; IT, FMCG dip; PSBs rally
Stock Market highlights on September 19: Sectorally, the Nifty PSU Bank index outperformed, closing with gains of 1.28 per cent
 "Stock Market Highlights: Sensex snaps 3-day winning run, ends 388pts down; IT, FMCG dip; PSBs rally")
IPO Calendar: 25 new issues to raise ₹6,300-cr next week; 9 firms to debut
In the mainboard segment, nine IPOs are scheduled to open, targeting a combined fundraising of over ₹5,464 crore
 "IPO Calendar: 25 new issues to raise ₹6,300-cr next week; 9 firms to debut")
Radico up 52% in 7 months; JM Financial initiates coverage with 'Buy' call
JM Financial Institutional Securities initiated coverage on Radico Khaitan with a 'Buy' rating and a target price of ₹3,515.
 "Radico up 52% in 7 months; JM Financial initiates coverage with 'Buy' call")
Big dividend week ahead: 109 stocks to watch for passive income; full list
Leading the list, Maharashtra Scooters has announced the highest dividend, with its board approving an interim dividend of ₹160 per share
 "Big dividend week ahead: 109 stocks to watch for passive income; full list")
Microcap stock Intense Technologies zooms 44% in 2 days on huge volumes
Intense Technologies zooms 20%: Till 01:47 PM; a combined 4.37 million equity shares representing 18.6 per cent of total equity of the company changed hands on the NSE and BSE.
 "Microcap stock Intense Technologies zooms 44% in 2 days on huge volumes")
Eternal hits 52-wk high as Goldman Sachs lifts target price, retains 'Buy'
Goldman Sachs says Blinkit's store count could double in the next two to three years, a dynamic which is not being fully reflected in Zomato's current share price
 "Eternal hits 52-wk high as Goldman Sachs lifts target price, retains 'Buy'")
Sai Life Sciences rises 3% on opening facility for veterinary APIs in Bidar
At 2:00 PM, Sai Life Sciences shares continued to trade near day's high, up 3.15 per cent higher at ₹922.40 per share. In comparison, BSE Sensex was trading 0.39 per cent lower at 82,693.61 levels.
 "Sai Life Sciences rises 3% on opening facility for veterinary APIs in Bidar")
Epack Prefab Tech IPO opens on Sep 24; here's all you need to know
As investors await the subscription window to open, here are some key details from the Red Herring Prospectus (RHP):
 "Epack Prefab Tech IPO opens on Sep 24; here's all you need to know")
Ambit turns bearish on CG Power, Siemens; ABB gets Buy call; here's why
Ambit warns of weak demand, global competition, and margin risks for CG Power, Siemens
 "Ambit turns bearish on CG Power, Siemens; ABB gets Buy call; here's why")