Page 6 - Indian Markets

Euro Pratik eyes Rs 700-1K crore IPO; plans to file draft papers by Dec-end

Euro Pratik, a prominent player in the decorative wall panel industry, is set to file draft papers with the market regulator Sebi for an initial public offering (IPO) worth Rs 700-1,000 crore, sources familiar with the matter said on Thursday. The IPO, expected to be filed by the end of the month, is likely to value the company at an estimated Rs 5,000-6,000 crore, they said. The public issue is anticipated to be a complete Offer-for-Sale (OFS), they said, adding that Axis Capital and Dam Capital has been appointed as merchant bankers. As of the time of filing this story, an email sent to the company seeking confirmation remained unanswered. Euro Pratik is a well recognised brand in India and is now expanding its presence in international markets. The capital market foray is a pivotal moment for the company, which seeks to leverage its early-mover advantage post listing, said a person tracking the home decor segment. Over the past four years, the fast growing and fast fashion comp

Stock Market Crash Highlights: Sensex sinks 1064pts, Nifty ends below 24340; Auto, banks, metals dip

Markets Today LIVE: Markets in India are likely to tread cautiously as investors await key policy rate decision from the US Federal Reserve later this week

Market Close Highlights: Fab Friday! Sensex ends 843pts up, soars 2050pts from low; Nifty at 24,768

Markets Highlights: Friday ended in favour of the bulls, as 41 out of 50 constituent stocks ended in the green, led by Bharti Airtel, ITC, Kotak Mahindra Bank, Hindustan Unilever, and UltraTech Cement

Stock Market Highlights: Sensex sheds 236 points, Nifty settles below 24,550; FMCG dips, IT shines

Markets Live: Indian markets are likely to be driven by the higher close on the Wall Street, after largely in-line retail inflation data there cemented hopes of a rate cut by the US Fed next week

Stock Market Highlights: Sensex ends flat at 81,510, Nifty at 24,610; Adani Group shares dip

Markets Highlights: Shriram Finance, Bajaj Finserv, Wipro, HCL Tech, and Infosys were among the 23 Nifty50 constituent stocks that ended in the green, with gains of up to 2.48 per cent

Stock Market Highlights: Sensex sheds 200 points, Nifty ends below 24,620; FMCG, banking shares dip

Markets Highlights: Benchmark Indian equity indices BSE Sensex, and Nifty 50 settled in the negative territory on Monday

Stock Market Highlights: Sensex, Nifty snap 5-day winning run post RBI policy; Auto shares gain

Markets Highlights: Broader markets outperformed the benchmarks indices on Friday after the RBI left key rates unchanged and announced a 50 bps cut in CRR, while lowering its GDP forecast

India's growth offers great opportunities to US investors: KV Subramanian

Of the belief that India is headed to be a USD 55 trillion economy by 2047, India's Executive Director at the IMF Dr K V Subramanian on Thursday said India's growth offers phenomenal opportunities to American investors. Subramanian said this during the launch of his latest book India@100: Envisioning Tomorrow's Economic Powerhouse. The opportunities that are available for the American investors actually are phenomenal., I don't think there is any other economy that is actually going to be providing this kind of return over the next 20 to 25 years, he said at the launch event organised by US India Strategic and Partnership Forum (USISPF) here. Investors who have an eye on India have the opportunity to actually not double but triple their money, the top economist said. They have the opportunity to grow their money 15 to 20 times, I think that is something that is important, said Subramanian, who previously was India's Chief Economic Advisor. In his book, Subramanian explores how In

Overbearing secondary market: Time for business channels to refocus

For the public good, business channels must broaden their focus and look beyond stock market trading

Nomura cautious, but not overly pessimistic on Asia's equities in 2025

For the MSCI Asia ex-Japan index, Nomura predicts muted returns, with end-2025 targets ranging from 573 to 859. The index is currently around 590 levels

Market regulator Sebi warns against unregistered online debt platforms

The platforms are offering unsecured debt securities, which are not backed by any collateral and carry higher risk

Sebi bars Mishtann Foods from raising public funds for seven years

Sebi pointed out that almost all sale and purchase transactions of Mishtann Foods Ltd (MFL) since FY20 were prima facie found to be fictitious

Stock Market Rally Highlights: Sensex up for 5th day, adds 810 pts; Nifty reclaims 24,700

Market Live: Investors in the domestic market are likely to remain cautious, while engaging in stock specific action, ahead of the RBI MPC meeting's announcement tomorrow

Stock Market Close Highlights: Sensex extends rally, rises 111 pts led by HDFC Bank; Nifty ends flat

Market Highlights: The BSE Sensex has now gained around 1,900 points in the last four trading sessions; Bajaj Finserv, NTPC and Titan were the other top gainers among the Sensex 30 shares on Wednesday

Sebi directs Trafiksol ITS Tech to refund investors' money within a week

The market regulator has proposed stringent norms for the listing of SMEs following such concerns in the segment

SBI MF launches multi-factor quant fund to target momentum, quality, growth

According to the fund house, the model will identify stocks as momentum, value, quality, or growth based on data

Stock Market Close Highlights: Sensex extends gain, adds 600pts, Nifty above 24,450; PSU banks lead

Stock Market LIVE: Overnight in the US, Wall Street's major indices, Nasdaq and S&P 500, closed at record highs on Monday, boosted by tech-related shares following strong November gains

Fifth time's the charm: Mutual fund largecap cutoff ready for a 17% stretch

The catch gets bigger - largecap and midcap thresholds to expand in January

Street signs: New blood in derivatives market, new expiry clock is ticking

India's leading bourse, the National Stock Exchange, has announced changes to the 'expiry day' for its index derivatives contracts

GHCL up 5% as board approves capex of Rs 350 cr for salt field in Kutch

The company's board approved an additional capex of Rs 350 crore for the development of Zara Zumara Salt Field work in Kutch, Gujarat