Page 2 - Market

Sensex, Nifty end mildly higher amid fag-end buying ahead of Fed outcome

Closing Bell on December 13, 2023: The broader market space remained upbeat with the BSE MidCap and SmallCap indices ending 1.06 per cent and 0.73 per cent higher, respectively.

TMS Ep581: Pandemic-preparedness, internet growth, markets, 10,000-yr clock

Is India prepared for the next pandemic? What is holding back India's internet growth? What should you do with rate-sensitive stocks? What is Jeff Bezos' 10,000-year clock? All answers here

Primary steel industry to face challenges in H2 amid weak market: ICRA

The primary steel industry is likely to experience a challenging environment during the second half of FY24 amid increased input cost and weakening steel prices, according to Icra. The domestic hot rolled coil (HRC) prices have corrected by 6.7 per cent since early October 2023, while the rebar prices witnessed a fall of 4.7 per cent in the same period, the ratings agency said. The overall industry's operating profit margins in H2 FY2024 are expected to be lower compared to H1 FY2024, largely driven by weaker profitability from the blast furnace operators, Icra said in its latest report. It further said it "expects the operating environment of the domestic steel industry to get more challenging in the second half of the current fiscal as elevated raw material costs and weakening steel prices nibble at profit margins." While seaborne coking coal prices have been volatile since Q2 FY2024, thermal coal prices have remained more range-bound. Coupled with the higher resilience of long

Stocks to Watch: Tata Motors, Adani Green, IEX, Concor, Gujarat Gas, Atul

Stocks to watch on November 3, 2023: Atul's board meeting will be held on November 07 to consider a buyback proposal

Launch portfolio to support sales momentum for real estate major DLF

The sales in the quarter were led by the premium Camellias project which had bookings of Rs 720 crore

Cello World subscribed 38.9x; Protean eGov's Rs 490 crore IPO to open Nov 6

Shares of Blue Jet Healthcare finished over 14 per cent higher during their trading debut

Stocks to Watch: Bharti Airtel, L&T, Tata Motors, Ethos, Blue Jet, Mankind

Stocks to watch on November 1, 2023: Bank of Baroda's head of digital lending, Akhil Handa, a techie closely associated with building the mobile banking application 'bob World', has quit

Vijay Kirloskar threatens to move CVC in TD Power IPO disclosure matter

Says latest disclosure made by company dishonest, issue cannot be termed sub-judice

Mutual fund reclassification rules: 6 years in, rolling with the best

Even as Sebi's classification norms for MF schemes approach six years of completion, we examine the three-year rolling returns of schemes in the top categories to identify the best performers

TMS Ep529: Acquisition appetite, Krishna Ella, markets, sports associations

Why are business families in acquisition mode? How does Krishna Ella view Bharat Biotech's future? Is it time to bottom-fish in stock market? What happens when sports associations are suspended?

Who's fairest of them all? In fund managers' mirror, both small & midcaps

INOX Wind, BSE, and RPG Life Sciences have entered the landscape of equity MFs' holdings

SAT stays Sebi's directions in open offer for Federal-Mogul Goetze

In a letter dated 30 August, the market regulator appointed MM Nissim & Co as an independent chartered accountant to value the shares of Federal-Mogul Goetze for the open offer

RR Kabel IPO subscribed 1.4 times, Lukewarm response for Zaggle Prepaid

The initial public offering (IPO) of RR Kabel was subscribed 1.4 times on Thursday, the second day of the issue. The IPO of Zaggle Prepais Ocean Services was subscribed 19 per cent

Markets to focus on macro data, foreign investors activity: Analysts

Macroeconomic data announcements, global trends and trading activity of foreign investors would dictate the equity markets this week, analysts said. Marketmen will also focus on the Annual General Meeting of Reliance Industries Ltd which will be held on Monday. "This week's focal point is the eagerly awaited Reliance Annual General Meeting (AGM) on Monday, August 28. This event is poised to have some impact on the market's trajectory. Shifting to the macroeconomic landscape, India is set to reveal its Q2 GDP figures on Thursday, shedding light on the nation's economic performance. "Manufacturing Purchasing Managers' Index (PMI) data will be disclosed on Friday," said Santosh Meena, Head of Research, Swastika Investmart Ltd. He further added that Friday will feature the disclosure of the US unemployment rate and nonfarm payroll statistics. Cues from China, foreign investor activities, and fluctuations in the dollar index and US bond yields will play a pivotal role in shaping market

JSW Investments divests 1.27% in JSW Energy for Rs 717 cr via open market

Promoter JSW Investments on Wednesday pared a 1.27 per cent stake in JSW Energy for Rs 717 crore through open market transactions. GQG Partners, Washington State Investment Board, AustralianSuper, Reliance Trust Institutional Retirement Trust Series Twelve, Witan Investment Trust Plc, and Alliance Trust Plc, among others, were the buyers of the shares of JSW Energy. According to the block deal data available with BSE, JSW Investments offloaded 2.10 crore shares, amounting to a 1.27 per cent stake in JSW Energy. The shares were disposed of at an average price of Rs 341.7 apiece, taking the aggregate transaction value to Rs 717.57 crore. Post the transaction, the shareholding of JSW Investments reduced to 18.95 per cent from a 20.22 per cent stake in JSW Energy at the end of the June quarter. Shares of JSW Energy rose 6.66 per cent to close at Rs 368.10 apiece on BSE. On Monday, GQG Partners Emerging Markets Equity Fund acquired more than 1.19 crore shares of JSW Energy for Rs 411

Redcliffe Labs aims to scale up operations, go public in 2025-26: Founder

Diagnostics platform Redcliffe Labs is looking to scale up its operations with 250 laboratories and 10,000 collection centres by 2025 and plans to go public in 2025-26, according to its founder and Managing Director Dheeraj Jain. The company, which commenced operations in 2018, has 81 laboratories and over 2,000 collection centres in small cities and towns. Redcliffe Labs, which has raised USD 80 million so far, has set an ambitious target of having 700 laboratories and 25,000 collection centres by 2027-28. In an interaction with PTI, Jain said the short-term target is to have 10,000 collection centres and 250 laboratories by 2025. He noted that the majority of the expansion will be in Tier II, Tier III and Tier IV locations across states like Uttar Pradesh, Madhya Pradesh, Rajasthan, Bihar, Jharkhand and Chattisgarh which have less developed infrastructure for diagnostics. "We are also looking at simplifying the reports with AI technology, going deeper in states where we are pres

Financial services attract bulk of FPI flows in July's second half

They also bought shares worth Rs. 1,609 crore in auto and auto components and Rs. 1,520 in construction stocks

Yatharth Hospital gains 11% on debut; Concord IPO subscribed 2.3x on day 2

Concord had allotted shares worth Rs 465 crore to anchor investors at Rs 741 per share, the top-end of the price band

Alibaba to stay on sidelines of Ant Group's $6 billion stock buyback

Alibaba said in an exchange filing it won't take part in Ant's plan to buy back as much as 7.6% of its stock, which the latter's board has approved

RBI maintains a pause on rates in step with global markets - it helps

The markets have been on a high for the past few sessions, particularly the Nifty, which consistently touched and even crossed the 18,000 mark earlier this week