Page 83 - Market News

India leads EM pack in foreign flows, attracts close to $6 billion so far

The MSCI India's valuation premium to EM is now at 40 per cent, 3 per cent above the long-term average, according to BofA Securities

Sebi allows Thomas Cook to withdraw buyback offer, cites Covid impact

Thomas Cook India said its reported cash and bank deposits had dropped by Rs 146 crore to Rs 245 crore during the three months to June 2020.

Sebi revises objective, eligibility criteria of innovation sandbox

In order to encourage innovation and boost participation, markets regulator Sebi on Tuesday revised the objective and eligibility criteria of its innovation sandbox with graded entry norms. In addition, a steering committee comprising representatives from the enabling organisations has been formed to drive the innovation sandbox, the Securities and Exchange Board of India (Sebi) said in a circular. The committee would supervise the operations of the innovation sandbox. Also, it would process the applications submitted by sandbox applicants and approve or reject applications and assign lead enabling organisations. Such lead enabling organisations would be responsible for onboarding the applicant post approval of the application and monitoring the applicant throughout the lifecycle of the sandboxing, the regulator noted. Innovation sandbox facilitates access to an environment (testing facilities and test data) provided by enabling organisations like stock exchanges, depositories and

Investors richer by Rs 10.5 trn after Budget; Sensex crosses 50K-mark again

The Nifty50 index rose 367 points, or 2.6 per cent, to settle at 14,648, surpassing its previous record made on January 20

IPOs off to best start in 12 yrs as Budget uncertainty spurs rush of offers

Four deals worth Rs 7,376 crore launched, most since Jan 2008; bullish sentiment in secondary market fuels new offers

Sensex at 50,000 just a psychological mark, be watchful, say experts

Gush of foreign money chasing equities and valuations well past the earlier high makes a ripe case for profit booking

Bajaj Finance: Q3 show suggests strong comeback, company remains cautious

Festive season demand has lifted new customer addition and loan growth closer to pre-pandemic levels

Maintain a constructive view on Indian equities for 2021: Ashish Gumashta

With a successful breakthrough on the vaccine front, we seem to be moving closer to normalisation in a quarter's time, says Julius Baer India MD

FPA Global Opportunity Fund sells CARE Ratings' shares worth Rs 52 cr

FPA Global Opportunity Fund on Tuesday sold nearly 10 lakh shares of CARE Ratings Ltd worth about Rs 52 crore through an open market transaction.

Why the bid war for DHFL may well end up being a curse for the winner

Establishing a greenfield HFC may be cheaper for the bidders than picking up one embroiled in fraud probes

Market flush with IPO but small firms struggled to raise capital in 2020

Number of SME issues dropped from 51 in 2019 to 27; amount raised by small companies fell 74.5% to Rs 159.1 crore

Gush of institutional funds into banking stocks likely to taper

Rerating cycle may have neared its end as much of the positives are well-priced in

Antony Waste Handling Cell IPO subscribed 15 times on the last day

The initial public offer of Antony Waste Handling Cell was subscribed 15 times on the last day of subscription on Wednesday.

Sebi grants exemptions for delisting of Pagita Leasing and Finance Company

Regulator Sebi has granted certain exemptions to Pagita Leasing and Finance Company Ltd for voluntary delisting of its equity shares.

RIL, L&T, HDFC Bank: Strategies for blue-chip stocks in a range-bound mkt

The Mukesh Ambani-controlled RIL needs to decisively conquer Rs 2,070 mark to attract fresh buying

Commodity rally to create new winners and losers in coming quarters

Metal & mining firms to gain; others may see margins contract

MF stock universe set for a rejig; ICICI Securities expects 4-5 switches

YES Bank could re-enter the large-cap universe at it is currently the 88th most valued company in the country

It's likely value-oriented stocks will outperform, says Nippon India MF CIO

On the domestic side, we have latent demand in many industries due to the slowdown of the last few years, multi-year low-interest rates, exports, and capital flow being assisted by the global macro sc

Experts advise investors not to ignore higher-priced 'growth' stocks

The MSCI all-country value index outperformed its growth peers by more than 5 percentage points last month - the most in almost two decades

Divi's Labs: New capex, margin expansion to support earnings growth

Brokerages expect the company's net profits to grow by 30 per cent annually over FY20-23