Page 84 - Market News

Lucknow Municipal Corporation garners Rs 200 crore on BSE Bond platform

The municipal corporation received 21 bids on BSE BOND platform for Rs 450 crore

Debt MFs see Rs 1.1 trn inflow in Oct on robust investment in liquid funds

Gilt funds came back under investors' radar in October after witnessing net outflow for two consecutive months

Sensex touches 43,000-mark for first time; NSE Nifty tops 12,600

Extending its winning streak for the seventh straight session, equity benchmark Sensex soared 680 points to scale another lifetime high on Tuesday, tracking a global market rally driven by Pfizer's COVID-19 vaccine trials data. After touching its lifetime peak of 43,316.44 during the day, the 30-share BSE index ended 680.22 points or 1.60 per cent higher at 43,277.65. The broader NSE Nifty too touched a fresh intra-day high of 12,643.90. It ended at 12,631.10, up 170.05 points or 1.36 per cent. Bajaj Finance was the top gainer in the Sensex pack, surging around 9 per cent, followed by IndusInd Bank, L&T, Bajaj Finserv, HDFC, SBI, ICICI Bank, HDFC Bank, ONGC and Axis Bank. On the other hand, Tech Mahindra, HCL Tech, Infosys, Nestle India, Sun Pharma and TCS closed in the red. "Announcements by BioNTech and Pfizer about successful phase 3 trial of COVID-19 vaccine instilled confidence among investors and possibility of sustained economic recovery led sharp buying in beaten down ...

Sebi extends settlement scheme for illiquid stock option cases till Dec 31

Sebi has extended till December 31 the one-time settlement scheme for entities that executed reversal of trades in stock options segment of the BSE during 2014 and 2015.

PI Industries could soon dethrone UPL as biggest agrochemical firm

Triggers in exports and domestic businesses to continue driving earnings while pharma CSM foray takes shape

Sebi bars investment bankers from sharing bidding data with investors

Asks them to direct investors to original source of public info

No merit in relaxing 10% cap on single stock investment: Sebi chief

Says cap is meant for diversification, and just because some scrip is outperforming is no reason to raise the ceiling

Several MF distributors may have to go for name change after Amfi diktat

Amfi has barred them from using nomenclatures that have references to advisors, following Sebi move to separate distribution and advisory for the Rs 27-trillion industry

Edelweiss's healthcare fund offers benefit of international diversification

Allocation to a thematic offering like the newly-launched healthcare index fund should, however, be limited

MFs look beyond India as asset managers launch schemes with global exposure

The thematic passive index fund is designed with the objective of providing Indian investors access to both Indian and global healthcare companies

Volumes sustain in September despite new margin, share pledge norms

Cash market average daily turnover value stood at Rs 58,700 cr last month

Mazagon Dock IPO subscribed 157 times on third day; UTI AMC IPO 2.31 times

The last hugely subscribed PSU IPO was that of IRCTC last year

DLF: Investors should be cautious given weak demand scenario, downside risk

Cost control efforts and ongoing consolidation are other triggers for the stock

Mindtree co-founder, family sell 466,000 shares; holding down at 2.01%

The transactions were carried out by Krishnakumar N, wife Akila Krishnakumar and son Siddarth in multiple tranches between September 15-23, Mindtree said in a regulatory filing on Saturday

Cipla shares gain 5% after USFDA okays capsules; m-cap rises by Rs 3,021 cr

The stock jumped 5.10 per cent to close at Rs 770.20 on the BSE. During the day, it rose by 5.97 per cent to Rs 776.60.

Equitas SFB revises offer size for proposed initial public offering

Equitas Small Finance Bank had received the Sebi's approval for the IPO on March 3

Passive funds dominate NFO line up as most active fund lag benchmarks

Fund houses have launched ETFs in both equity and debt segments

Investors richer by Rs 3.52 trillion as markets make strong comeback

Equity market investors became richer by Rs 3,52,020.53 crore on Friday as benchmark indices made a strong comeback after falling for almost a week. Snapping its six-day falling streak, the BSE benchmark index jumped 835.06 points or 2.28 per cent to close at 37,388.66. Following the broad-based recovery, the market capitalisation of BSE-listed firms zoomed Rs 3,52,020.53 crore to Rs 1,52,28,237.75 crore on Friday. "After a brutal selling in the previous session, markets made a comeback and posted a strong rally of 2.3 per cent, recovering most of the last session's losses. Value buying emerged across the counters," Choice Broking Executive Director Sumeet Bagadia said. The benchmark had plunged 1,114.82 points or 2.96 per cent to close at 36,553.60 on Thursday. All the constituents of the Sensex ended in the green, with Bajaj Finserv, HCL Tech, Bharti Airtel, IndusInd Bank, L&T, TCS, ICICI Bank and ONGC rising up to 6.64 per cent. In the broader market, the BSE midcap and ...

Gold price jumps Rs 324 to Rs 50,824 per 10 gm, silver up by Rs 2,124

Silver prices also bounced back and gained Rs 2,124 to Rs 60,536 per kilogram from previous close of Rs 58,412 per kilogram

Markets in 'deep hole' as growth fears escalate; Sensex falls 1,115 points

FIIs pull out Rs 8,000 crore in 4 sessions