Page 40 - Markets News
IDFC First Bank up 3%, nears 52-week high; Motilal Oswal upgrades to Buy
According to analysts at MOFSL, IDFC First Bank has strengthened its internal controls and governance processes and recently lowered its credit cost guidance, underscoring strong asset quality trends.
 "IDFC First Bank up 3%, nears 52-week high; Motilal Oswal upgrades to Buy")
SWAGAT-FI for low-risk foreign investors logs 164 registrations in 100 days
Overseas ownership of local equities is at a 17-year low and the rupee remains among Asia's weaker-performing currencies this year
 "SWAGAT-FI for low-risk foreign investors logs 164 registrations in 100 days")
Aditya Infotech hits 5% upper circuit as QIP opens; stock up 151% YTD
Aditya Infotech's board at its meeting held a day ago authorised the launch of a QIP on September 22 at a floor price of ₹3,648.43 apiece.
 "Aditya Infotech hits 5% upper circuit as QIP opens; stock up 151% YTD")
Milky Mist Dairy Food surges 5%; up 127% from IPO price in five weeks
Milky Mist's share price hit a new high of ₹317.30, more than doubling or skyrocketing 127 per cent against its issue price of ₹140 per share.
 "Milky Mist Dairy Food surges 5%; up 127% from IPO price in five weeks")
SS Retail shares make strong D-street debut, list 51% above IPO price
The offer received bids for 90.83 crore shares as against 87.93 lakh shares on offer. The issue was subscribed 103.30 times.
 "SS Retail shares make strong D-street debut, list 51% above IPO price")
Jindal Supreme shares off to a solid start, list at 31% premium on BSE
Jindal Supreme's IPO was a mix of a fresh issue of ₹100 crore and an offer for sale of ₹25 crore, with a total offer size of ₹125 crore. The IPO price band was set at ₹88-93 per share.
 "Jindal Supreme shares off to a solid start, list at 31% premium on BSE")
'Equity investment across market-caps warrants a staggered approach'
With clear signs of an FY27 earnings revival, a stable INR and an anticipated dovish Fed, make case for an attractive FII entry point, said Anuj Kapoor of JM Financial.
 "'Equity investment across market-caps warrants a staggered approach'")
Data centre bet makes ESDS one of India's best-performing new listings
ESDS Software Solution Ltd. has surged over 300% since its trading debut on Sept. 4, putting it on course to rank among India's best-performing new listings
 "Data centre bet makes ESDS one of India's best-performing new listings")
Nasdaq hits record high as oil prices fall on improved West Asia flows
The Nasdaq was boosted by Micron Technology and other AI-related stocks as AI demand showed no signs of abating and corporate earnings stayed resilient
 "Nasdaq hits record high as oil prices fall on improved West Asia flows")
Asian shares eye sixth straight session of gains as AI stocks rally
Renewed buzz over AI helped South Korean stocks gain 1.2%, with Samsung and SK Hynix both up over 2%
 "Asian shares eye sixth straight session of gains as AI stocks rally")
Chandan Taparia bets on Sona BLW, Bandhan Bk; sees Nifty support at 23,200
Stocks to buy: Chandan Taparia of Motilal Oswal is bullish on Bandhan Bank and Sona BLW Precision Forgings.
 "Chandan Taparia bets on Sona BLW, Bandhan Bk; sees Nifty support at 23,200")
NSE IPO: 20 investment bankers earn ₹186 crore in fees, commissions
Banker fees accounted for nearly half of NSE's Rs 392.12 crore offer-related expenses, while advertising and marketing emerged as the second-largest cost head
 "NSE IPO: 20 investment bankers earn ₹186 crore in fees, commissions")
Five Adani group companies settle Sebi proceedings for ₹1.51 crore
Sebi had sent show-cause notices to the companies in February 2024 for alleged lapses in disclosure of certain related-party transactions, highlighted in the Hindenburg report
 "Five Adani group companies settle Sebi proceedings for ₹1.51 crore")
Sunil Singhania-led Abakkus files for IPO, issue to be entirely an OFS
The IPO will comprise an offer for sale of up to 15 million equity shares by promoter Abakkus Expert Professionals LLP, representing a 10 per cent stake in the company
 "Sunil Singhania-led Abakkus files for IPO, issue to be entirely an OFS")
Multiple growth triggers ahead for Aurobindo Pharma as outlook stays strong
Respiratory launches, CDMO expansion and strong US and European businesses are key growth drivers; the stock trades at just under 16 times estimated FY28 earnings
 "Multiple growth triggers ahead for Aurobindo Pharma as outlook stays strong")
Sebi looks to ease foreign investor access, says Tuhin Kanta Pandey
Sebi is working on simpler digital onboarding, wider FPI participation in commodity derivatives and depository receipts against units of REITs and InvITs
 "Sebi looks to ease foreign investor access, says Tuhin Kanta Pandey")
Stock Market Close: Nifty snaps 4-day winning streak, ends at 23,329; Sensex falls 330 points
Sensex Today | Stock Market Highlights, Tuesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap settled 0.08 per cent and 0.23 per cent lower, respectively
 "Stock Market Close: Nifty snaps 4-day winning streak, ends at 23,329; Sensex falls 330 points")
HDFC Bank adds ₹93K crore to m-cap as stock gains in 7 out of 8 sessions
HDFC Bank has been among the worst-performing Nifty 50 stocks this year, having lost 25.15 per cent on a year-to-date basis.
 "HDFC Bank adds ₹93K crore to m-cap as stock gains in 7 out of 8 sessions")
RBL Bank, Engineers India, Syrma, JSW Infra rally up to 7%; log 52-wk highs
ACME Solar, Aegis Logistics, Aegis Vopak Terminals, Apar Ind, Ipca Labs, Laurus Labs, Shyam Metalics and Welspun Corp from the BSE 500 index also hit their respective 52-week highs in Tuesday's trade.
 "RBL Bank, Engineers India, Syrma, JSW Infra rally up to 7%; log 52-wk highs")
India's first mineral exchange likely to begin operations by FY28: Official
The exchange will provide an electronic delivery-based trading platform for minerals, enabling market-based price discovery and reducing information gaps between producers and buyers
 "India's first mineral exchange likely to begin operations by FY28: Official")