Page 14 - Market News

Former IndusInd Bank deputy pays 50% of alleged insider gains to Sebi

Restrictions on former deputy Arun Khurana's bank accounts have been lifted, a notice from the stock exchange said

Global shares dip as tech stocks fall after weak session on Wall Street

Global shares were mostly lower Wednesday on selling of technology shares following a lackluster day on Wall Street. France's CAC 40 fell 0.5% in early trading to 8,213.90. The German DAX dipped 0.3% to 24,251.58. Britain's FTSE 100 climbed 0.6% to 9,487.52. The futures for the S&P 500 and the Dow Jones Industrial Average were little changed. On Tuesday, the S&P 500 was nearly flat and the Dow gained 0.5%. The Nasdaq composite index lost 0.2%. In Asian trading, Chinese markets retreated after US President Donald Trump cast doubt on whether or not he will meet with Chinese leader Xi Jinping later this month. Maybe it won't happen, maybe it won't happen, he said while hosting a lunch for Republican Party senators at the White House. However, Trump also said he was expecting to do well in negotiations with China. I'm going to see President Xi in two weeks... We're going to meet in South Korea, he said. We're going to talk about a lot of things they want to discuss. Trump is ...

Gold extends fall as investors book profits ahead of US inflation data

On the technical front, gold is supported by the 21-day moving average at $4,005

Oil prices steady as oversupply fears ease, demand outlook improves

Brent crude futures were up 7 cents, or 0.11%, at $61.08 a barrel at 1320 GMT

Sebi proposes measures to ease dematerialisation, transfer of old shares

Markets regulator Sebi on Friday proposed measures to make it easier for investors to dematerialise physical shares and transfer them, especially those lodged before April 1, 2019. By addressing long-pending transfer issues and removing redundant steps in the current system, Sebi aims to enhance investor convenience while continuing to promote dematerialisation in the securities market. In its consultation paper, Sebi proposed to temporarily relax rules to allow the transfer of such old shares, even though they are in physical form. This exception, however, will be time-bound, with a sunset clause to ensure that dematerialisation remains the long-term goal. Once verified by the company or the Registrar and Transfer Agent (RTA), these shares will be credited directly to the investor's demat account. In addition to this proposal, the regulator has suggested abolishing the current process of issuing a 'Letter of Confirmation' (LOC) to further simplify the dematerialisation procedure.

Safe-haven surge, Fed rate-cut bets drive gold to new record highs

Spot gold was up 1.4% at $4,264.63 per ounce as of 11:06 a.m. ET (1506 GMT) after bullion touched a record high of $4,270.59 earlier

Sebi aims to boost institutional participation in commodity markets

The regulator had said in August it was also considering extending equity derivatives contract tenures and limiting who can trade

Gold eases ₹200 to ₹1,31,600 per 10 grams in Delhi, silver rises sharply

In the international markets, spot gold rose nearly 1% to hit an all-time high of $ 4,246.08 per ounce

Fintech Upgrade raises $165 million, targets IPO in 12 to 18 months

The round valued Upgrade at $7.3 billion pre-money, according to a source familiar with the matter, a 21.7% premium to its previous valuation

Sebi extends deadline to Jan 2026 for angel funds to disclose allocation

Markets regulator Sebi on Wednesday extended the timeline to January 31, 2026, for disclosing the allocation methodology by angel funds in their Private Placement Memorandum (PPM). Earlier, the deadline was October 15. "Based on representation from the AIF industry requesting additional time to meet this requirement, it has been decided to extend the said timeline to January 31, 2026, for ease of compliance," Sebi said in its circular. Accordingly, allocation of any investment made by existing angel funds post January 31, 2026, should be in accordance with the defined allocation methodology disclosed in their PPMs. Under the Sebi's framework, angel funds will have to disclose a defined methodology in their PPMs for the purpose of allocating the investment among angel investors who provide approval for such investment. In September, the regulatory framework for angel funds was revised under AIF (alternative investment fund) norms. As part of the revised framework to streamline ...

Gold extends record run past $4,200 on rate-cut hopes, safe-haven fervor

Gold is considered a traditional hedge against uncertainty and inflation, and also thrives in low-rate environments as it is a non-yielding asset

Sebi chief urges public interest directors to strengthen MII governance

Markets regulator Sebi chairman Tuhin Kanta Pandey on Wednesday called on public interest directors (PIDs) to ensure that the "public interest" perspective remains central to all key decisions taken by the governing boards of market infrastructure institutions (MIIs). Speaking at the Public Interest Directors Conclave 2025, Pandey emphasised that MIIs must ensure all interventions made by PIDs during board meetings are appropriately recorded. Describing PIDs as "custodians of trust" within the MII ecosystem, he said, "Your role is fiduciary, moral, and institutional. You are not there merely to tick a compliance checkbox". The Sebi chief urged PIDs to exercise their independence while assessing the adequacy of financial and human resources for functions falling under verticals 1 and 2. He advised them to hold separate meetings without management or key managerial personnel (KMPs) to discuss critical governance and operational issues. Under Sebi's framework, vertical 1 covers critic

Canara HSBC Life IPO subscribed 2.29 times on final bidding day

The initial public offer of Canara HSBC Life Insurance Company Ltd received 2.29 times subscription on the final day of bidding on Tuesday. The Rs 2,517-crore IPO got bids for 38,21,61,220 shares against 16,67,15,000 shares on offer, according to data available with the NSE. The Qualified Institutional Buyers (QIBs) category received 7.05 times subscription. The portion for Retail Individual Investors (RIIs) got subscribed 42 per cent, and non-institutional investors received 33 per cent subscription. The company on Thursday said it has raised a little over Rs 750 crore from anchor investors. The insurer has fixed a price band of Rs 100-106 per share for its IPO, targeting a valuation of about Rs 10,000 crore at the upper end. Canara HSBC Life Insurance Company is a joint venture promoted by Canara Bank, which holds a 51 per cent stake, and HSBC Group's HSBC Insurance (Asia Pacific) Holdings, which owns 26 per cent. The IPO is a complete offer for sale (OFS) of 23.75 crore equity

Sensex drops 790pts from day high, Nifty below 25100: Why are markets down?

Stock market crash: Indian stock markets crashed on October 14 as Sensex fell 792 points from day's high and Nifty fell 250 pts amid global sell-off, FII outflows, rupee weakness, and expiry pressure

Festive demand, US inflation data to steer gold prices next week: Analysts

Gold prices are expected to remain volatile in the coming week as traders weigh domestic festive demand and physical market premiums to key macroeconomic data release and political developments in the US, analysts said. Investors will also closely monitor commentaries by Federal Reserve officials, including Chair Jerome Powell, on Tuesday, which will provide more cues on the trajectory of gold prices in the near term. "In the next week, focus will be on the physical demand for bullion during the festive season in India along with global political and geo-political developments, particularly the passage of the US spending bill and efforts to resume diplomacy on ending the Russia-Ukraine war. These factors are likely to shape gold price trends in the coming months," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. Mer noted that gold prices closed yet another week on a positive note, but volatility remained elevated with sharp ...

Integris Medtech files IPO papers with Sebi to garner ₹3,500-4,000 cr

Integris Medtech, a diversified medical technology platform, has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO), with people familiar with the matter pegging the issue size between Rs 3,500 crore and Rs 4,000 crore. With this, the company, which manufactures and distributes cardiac stents, is eyeing a valuation of Rs 11,000-13,000 crore, they added. According to the draft red herring prospectus (DRHP) filed on Thursday, Integris Medtech's IPO comprises a fresh issue of equity worth Rs 925 crore and an offer for sale of 2.16 crore equity shares by promoters. As part of the OFS, Evercure Holdings Pte Ltd, Gurmit Singh Chugh, and Punita Sharma will offload shares. Proceeds of the fresh issue will primarily be used for payment of debt and general corporate purposes. Backed by private equity player Everstone Capital, Integris Medtech may consider a pre-IPO placement for up to Rs 185 crore. If such placement is completed, the

Gold stays above $4,000 as silver tops $50 for first time amid rally

Silver, spurred by momentum in the gold market, strong investment demand and an ongoing supply deficit, breached the psychological barrier of $50 per ounce for the first time

WeWork India IPO closes on last day with 1.15 times subscription

The initial public offer of co-working space operator WeWork India Management Ltd sailed through on the last day of the share sale on Tuesday, getting 1.15 times subscription, led by institutional buyers. The Rs 3,000-crore IPO received bids for 2,92,68,328 shares against 2,54,89,748 shares on offer, according to NSE data. Qualified Institutional Buyers' (QIBs) category fetched 1.79 times subscription, while the quota for Retail Individual Investors (RIIs) received 61 per cent subscription. The portion for non-institutional investors got 23 per cent subscription. WeWork India has collected a little over Rs 1,348 crore from anchor investors. The company's issue has a price band of Rs 615-648 per share, valuing the company at around Rs 8,685 crore at the upper end. The initial public offer (IPO), entirely an offer for sale of up to 4.63 crore equity shares, saw promoter group entity Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) divest their ...

Atlantaa zooms 73% in 3 days; why microcap infra stock hits 52-week high?

Shares of Atlantaa hit a 52-week high of ₹67.15, surging 20% on the BSE in Monday's intra-day trade, surpassing its previous high of ₹59.90 touched on October 14, 2024.

No plan to regulate family offices in India at present, says Sebi

'SEBI is not examining or pursuing this matter at present,' the regulator said in a statement