Page 27 - Indian Markets

Profit booking: Choose small tweaks in equity allocation over drastic shift

Do not leave the money idle, redeploy it in high-quality fixed-income instruments

Azad Engineering subscribed 80.6 times, Tendulkar now owns 438,000 shares

Tendulkar now owns 438,000 shares, and the average acquisition price was Rs 114. The cricketing icon's stake is worth Rs 22.9 crore at the current issue price

Inox India shares end debut day with 42% premium at Rs 940 on bourses

Inox India is a supplier of cryogenic equipment

Happy Forgings IPO gets subscribed 82 times on last day of bidding

The initial public offer of auto components maker Happy Forgings got subscribed 82.04 times on the last day of bidding on Thursday, driven by huge demand from institutional buyers. The Rs 1,008.6 crore-initial share sale fetched bids for 68,62,98,398 shares against 83,65,639 shares on offer, as per NSE data. The category for Qualified Institutional Buyers (QIBs) was subscribed a whopping 220.48 times. The part for non-institutional investors attracted 62.17 times subscription and the category for Retail Individual Investors (RIIs) got subscribed 15.09 times. The Initial Public Offer (IPO) had a fresh issue of up to Rs 400 crore and an offer for sale of up to 71,59,920 equity shares. Price range for the offer was Rs 808-850 a share. Happy Forgings Ltd on Monday said it has mobilised Rs 303 crore from anchor investors. Proceeds from the fresh issue will be utilised towards purchase of equipment, plants, and machinery, payment of debt and a portion of the funds will also be used for

Index heavyweights, investors' buying on dips aid market recovery

HDFC Bank rose 1.8 per cent and contributed the most to Sensex gains, followed by Reliance Industries, which gained 1.4 per cent

Karvy broking case: SAT directs Sebi, NSE, NSDL to compensate lenders

Sebi, NSE, NSDL directed to compensate lenders for shares transferred with 10% interest

Second best December for IPOs since 1996, 11 companies raise Rs 8,182.7 cr

Six companies have already completed their fundraising process; two were listed on Wednesday.

Markets fall amidst profit booking, Covid concerns; sensex down 931 points

Profit booking after the good run was cited as the primary reason for the market rout

Nifty Indices AUM surges to Rs 5.8 trillion as global interest grows

With the new additions in 2023, the number of Nifty index-linked global passive funds has gone up to 21

Stocks: New players, old behaviour

I remain bullish because of a combination of two factors: Massive government expenditure and the resilience of Indian consumers

Wager on IPOs exceeds Rs 1 trn; Doms subscribed 93x, India Shelter 37x

Another half a dozen IPOs open for subscription next week

Markets soar on dovish US Federal Reserve, Sensex settles atop 70K

US 10-yr treasury yield now below 4% as risk appetite increases

Depositories ready ground for the secondary market ASBA facility

In a communication to brokerages, CDSL has also issued the operational modalities for the mechanism

Top five companies account for 16% of India mcap, lower than DMs

Among the top 10 nations in terms of market value, Saudi Arabia has the largest concentration, with top five companies accounting for over 80 per cent of its market value

Amid overall electric vehicle boom: E-bus market share falls to under 3%

Industry experts attribute the decline to delays in bus supply from original equipment manufacturers (OEMs) and the lack of state government's efforts in enforcing timely procurement

Omidyar Network decides to exit Indian market after a decade of operations

'Omidyar Network India will stop making new investments and will completely transition out of the market by the end of 2024,' said the company in a blog post

Theme for a dream: Why thematic funds are gaining traction in the market

In contrast, the largecap category has witnes­sed net outflows of Rs 2,894 crore in this period

Big profits for unpleasant people?

Is it feasible for terrorists and invaders to earn profits from financial markets?

GQG Partners checks in at GMR Airports Infrastructure, buys 4.7% stake

Total 11.8% equity stakes changed hands in block deals

Rs 20 trillion & rising: AUM of active equity mutual funds surges

The industry's overall AUM rose 5 per cent to Rs 49 trillion, largely owing to the value appreciation of equity holdings