Page 473 - Markets News
South Africa's Sanlam invests ₹105 cr in Shriram AMC for 23% stake
Sanlam becomes co-promoter of Shriram AMC with ₹105 crore for 23% stake, raising total promoter holding to over 71%; Shriram AMC shares rise 10% on the news
 "South Africa's Sanlam invests ₹105 cr in Shriram AMC for 23% stake")
Indian Rupee ends at 85.34/$; slips 25 paise on dollar recovery
Indian Rupee today: The domestic currency closed 25 paise weaker at 85.34 against the US dollar, after ending at 85.09 on Monday
 "Indian Rupee ends at 85.34/$; slips 25 paise on dollar recovery")
Stock Market Close: Sensex falls 625 points, Nifty at 24,826; heavyweights drag amid mixed cues
Sensex Today | Stock Market Close Highlights, Tuesday, May 27, 2025: On the sectoral front, all majority indices settled lower, with Nifty Auto, Bank, IT, and FMCG down up to 0.88 per cent
 "Stock Market Close: Sensex falls 625 points, Nifty at 24,826; heavyweights drag amid mixed cues")
Sensex sheds 625pts on profit-taking in blue chips; PSBs, realty buck trend
Among the sectoral market, shares of auto, FMCG, and IT companies were under pressure, while public sector banks, pharma, and realty bucked the trend and logged gains
 "Sensex sheds 625pts on profit-taking in blue chips; PSBs, realty buck trend")
Rupee opens 6 paise lower at 85.15/$ even as dollar, oil prices slip
Indian Rupee today: The domestic currency began 6 paise weaker at 85.15 against the US dollar, after ending at 85.09 on Monday
 "Rupee opens 6 paise lower at 85.15/$ even as dollar, oil prices slip")
Smallcap stock hits new high in weak market; up 70% from May-month low
At 02:35 PM; Centum Electronics share price was quoting 11 per cent higher at ₹2,510.80, as compared to 1.1 per cent decline in the BSE Sensex.
 "Smallcap stock hits new high in weak market; up 70% from May-month low")
Shriram Properties share skyrockets 18% on robust Q4 results; details here
Shriram Properties shares were buzzing in trade on the back of a strong March quarter of financial year 2025 (Q4FY25) performance.
 "Shriram Properties share skyrockets 18% on robust Q4 results; details here")
Jio Financial stock jumps 4% as Jio BlackRock gets SEBI nod for MF biz
Jio Financial stock was up 3.27 per cent at ₹290.95 compared to the previous day's close of ₹281.75 on the NSE
 "Jio Financial stock jumps 4% as Jio BlackRock gets SEBI nod for MF biz")
Blue Water IPO sees muted demand; subscription lags at 16%, GMP nil
Blue Water Logistics IPO subscription status Day 1: The issue was subscribed only 16 per cent as of 1:30 PM
 "Blue Water IPO sees muted demand; subscription lags at 16%, GMP nil")
Rail stock up 27% in 3 days, zooms 47% in 10 days; what's behind the rally?
In the past three days, the stock rallied 27 per cent after the company reported strong earnings for the quarter ended March 2025
 "Rail stock up 27% in 3 days, zooms 47% in 10 days; what's behind the rally?")
MOFSL projects 22% upside for this liquor stock; up 2% in weak market today
The uptick in Radico Khaitan shares came after domestic brokerage Motilal Oswal Financial Services Limited (MOFSL) initiated coverage on the stock with a 'Buy' rating.
 "MOFSL projects 22% upside for this liquor stock; up 2% in weak market today")
Olectra Greentech shares tank 12% in trade; What is rattling investors?
Olectra Greentech share price crashed 12 per cent to ₹1,180 per share in trade; Check all details
 "Olectra Greentech shares tank 12% in trade; What is rattling investors?")
Why did Shriram Asset Management shares zoom 11% in trade today?
Under the agreement, Shriram AMC has completed a preferential allotment of 3.8 million equity shares to Sanlam Emerging Markets (Mauritius) Limited (SEMM), raising ₹105 crore in growth capital
 "Why did Shriram Asset Management shares zoom 11% in trade today?")
Aegis Vopak Terminals IPO Day 2 update: Subscription lags at 29%, GMP up 4%
Aegis Vopak IPO was commanding a GMP of ₹11 or 4.68 per cent, trading at ₹246 against the upper band price of ₹235, on Tuesday, in the unofficial markets
 "Aegis Vopak Terminals IPO Day 2 update: Subscription lags at 29%, GMP up 4%")
Leela Hotels IPO Day 2 update: Check latest subscription status, GMP, more
Leela Hotels IPO has received bids for 43,30,954 shares against an offer of 4,66,10,169 shares, resulting in a subscription of merely 8 per cent
 "Leela Hotels IPO Day 2 update: Check latest subscription status, GMP, more")
Why are India Pesticides shares in demand on May 27? Check key reasons here
India Pesticides share price rose on the back of stellar March quarter of financial year 2025 (Q4FY25) results.
 "Why are India Pesticides shares in demand on May 27? Check key reasons here")
Smallcap stock hits 3-month high, zooms 67% in May; to consider bonus issue
Shares of Dynamic Cables hit a 3-month high at ₹897.20 on the BSE in Tuesday's intraday trade after the company said it will consider a proposal to issue bonus shares on May 30.
 "Smallcap stock hits 3-month high, zooms 67% in May; to consider bonus issue")
Prostarm Info Systems IPO opens today: GMP up 24%; should you subscribe?
Prostarm Info Systems were trading at ₹130, commanding a GMP of ₹24 or 23.8 per cent compared to the upper price band of ₹105, according to sources tracking unofficial markets
 "Prostarm Info Systems IPO opens today: GMP up 24%; should you subscribe?")
Bitcoin consolidates near $108,800 levels as traders await breakout signals
Market analysts suggest that the current consolidation of Bitcoin is short-term as investors are awaiting decisive breakout or breakdown signals
 "Bitcoin consolidates near $108,800 levels as traders await breakout signals")
This steel company's stock gained 5% in trade after posting Q4 results
Maharashtra Seamless rose 5 per cent after posting 9 per cent jump in Y-o-Y net profit
 "This steel company's stock gained 5% in trade after posting Q4 results")