Page 80 - Market News

Sebi to auction 15 properties on May 11 to recover investors' money

Capital markets regulator Sebi on Wednesday said it will auction the properties of Sun Plant Agro, Sun Plant Business and Remac Realty on May 11 to recover money that was illegally raised from the public. It will auction a total of 15 properties of these three firms for reserve prices ranging from Rs 19 lakh to Rs 1.7 crore. Out of the 15 properties, nine belong to Sun Plant Business, four relate to Sun Plant Agro and the remaining two belong to Remac Realty. These properties include land parcels and flats spread across West Bengal, the Securities and Exchange Board of India (Sebi) said in a notice. Inviting bids for the sale of assets under the recovery proceedings against the three firms and their directors, Sebi said the auction will be conducted online on May 11 from 10.30 am to 12.30 pm. Adroit Technical Services has been appointed as the e-auction service provider. The regulator has asked the bidders to make their own independent enquiries regarding the encumbrances, title

Sebi comes with new guidelines to evaluate risk value of gold

The annualised volatility will be computed quarterly based on past 15 years' prices of benchmark index of a commodity

Indices slip after US 10-year yield spikes; Sensex falls 482 points

Rising bond yields are considered to be negative for the equity markets, at least in the near-term.

Market being sold a false narrative for past few months: Saurabh Mukherjea

Serious foreign investors - pension funds, sovereign wealth funds, endowments - continue to load up on India, says Marcellus Investment Managers CEO Saurabh Mukherjee

Equity volumes see strong growth in FY22 despite tightening of margin norms

The equity cash market grew 9 per cent and derivative volumes jumped 2.6 times

Street signs: Nifty sees resistance at 18k, vehicle financier stocks & more

The benchmark Nifty last week pierced 18,000 for the first time since January 19. While Vehicle financier stocks are likely to gain on the back of demand recovery and improved asset quality

Sebi bans Big Em Estates, others for running illegal money pooling scheme

Sebi has directed Big Em Estates & Infrastructures Ltd as well as its promoters and directors to refund more than Rs 73 lakh and also barred them from the securities market for running an unauthorised investment scheme under the garb of tree plantation business. The entities have also been prohibited from selling their assets and holdings in mutual funds, shares and securities. Sebi said that Big Em was running Collective Investment Scheme (CIS) without obtaining the requisite approval from it. The firm, while running the scheme under the garb of tree plantation business, collected Rs 73.65 lakh from 629 investors during 2016-2017, according to an order passed on Wednesday. Securities and Exchange Board of India (Sebi) conducted an investigation following several complaints, alleging that the company was mobilising money from investors by persuading people to invest in teak plantation. In the order, the regulator directed Big Em, its promoters and directors to wind up the CIS and

Markets snap a two-session rally; HFDC twins slip on profit booking

Equity benchmarks took a knock on Tuesday after two days of sharp upmoves as investors pocketed gains in banking and financial stocks after their recent rally

HDFC-HDFC Bank merger powers D-Street: Sensex, Nifty50 jump over 2%

The frontline indices jumped more than 2 per cent on Monday as the announcement of the plan to merge HDFC into HDFC Bank set their stocks soaring

Global shares mixed as Japan 'tankan' shows weaker outlook

Global shares were trading mixed Friday as a resurgence of Russian attacks dashed hopes for any quick end to the war in Ukraine. France's CAC 40 added nearly 0.2% in early trading to 6,670.87, while Germany's DAX rose 0.2% to 14,439.41. Britain's FTSE 100 gained 0.3% to 7,540.21. The futures for the Dow industrials and S&P 500 were 0.4% higher. The Bank of Japan's closely watched quarterly gauge of business sector sentiment, the tankan, showed the benchmark indicator for large manufacturers dropped for the first time in seven quarters, losing three points from a survey in December to 14 points from 17 points. The war in Ukraine, coming on top of supply chain disruptions at top manufacturers caused by COVID-19 restrictions and growing worries about inflation, especially soaring energy costs, are clouding the outlook for already fragile growth in the world's third-largest economy. The war is the biggest single factor weighing on markets, analysts say. Ukrainian President Volodymyr .

Investment via participatory notes rises to Rs 89,143 cr as of Feb-end

P-notes are issued by registered Foreign Portfolio Investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves directly

Ruchi Soya Industries' FPO sees strong demand from anchor investors

Ruchi Soya has priced its FPO in the range between Rs 615-Rs 650 per share. The issue price is 28-32 per cent lower than Tuesday's closing price of Rs 913 per share.

Prospects for India good, but expensive valuations limit upside: KIE

"Even after a 7 per cent correction from the top, India is still not cheap," said Kotak Institutional Equities' Pratik Gupta.

TCS' Rs 18,000 cr share buyback subscribed 4.5 times a day before close

According to an analysis done by Edelweiss Alternative Research, the acceptance ratio of TCS share buyback for retail investors could be 14.3 per cent

Interest in floater funds wanes over massive outflows, faltering returns

Amfi data shows that floater funds saw net outflows of Rs 10,323 crore, highest in the current financial year, in Feb

FPI selling continues for 6th month; net outflows at Rs 45,608 cr in March

Continuing their selling spree for the sixth straight month, overseas investors have pulled out a net Rs 45,608 crore from the Indian markets in March so far

Nine top firms gain Rs 1.91 trn in m-cap; RIL and Infosys biggest winners

Nine of the 10 most valued companies together added a whopping Rs 1,91,434.41 crore in market valuation last week, with Reliance Industries, Infosys and TCS emerging as the biggest gainers. ICICI Bank was the only laggard from the top-10 pack. Last week, the benchmark Sensex jumped 1,216.49 points or 2.23 per cent. From the gainers' pack, Reliance Industries Limited (RIL) added Rs 49,492.7 crore, taking its valuation to Rs 16,22,543.06 crore. The valuation of Infosys jumped Rs 41,533.59 crore to reach Rs 7,66,447.27 crore. The market valuation of Tata Consultancy Services (TCS) climbed Rs 27,927.84 crore to Rs 13,31,917.43 crore and that of Bharti Airtel zoomed Rs 22,956.67 crore to Rs 3,81,586.05 crore. The market capitalisation (mcap) of Hindustan Unilever Limited advanced Rs 17,610.19 crore to Rs 4,92,204.13 crore and that of HDFC Bank went higher by Rs 16,853.02 crore to Rs 7,74,463.18 crore. State Bank of India's valuation went up by Rs 7,541.3 crore to Rs 4,19,813.73 crore

PPFAS mutual fund to start accepting fresh inflows from March 15

Parag Parikh Flexicap mutual fund: However, as the overseas investment curbs are yet to be lifted, all the incremental flows will be deployed only in domestic stocks

A billion dollars a day, global funds keep selling India stocks

India's $3.2 trillion stock market is witnessing an unprecedented foreign selloff as the surge in oil prices fuels worries of an inflation shock in the major energy-importing nation

Equity MFs log Rs 19,705-cr net inflow in Feb amid market volatility

All 11 categories of equity funds saw net inflows, with flexicap witnessing highest inflows of Rs 3,873.56 crore