Page 17 - Markets News

Safe Enterprises shares list at 9% premium on NSE SME, beat IPO GMP outlook

Safe Enterprises shares listed at ₹151 per share, reflecting a premium of ₹13 or 9.42 per cent over the issue price of ₹138 per share

Sebi proposes ED roles, new norms to strengthen governance at MIIs

The regulator has proposed appointing two executive directors to MII boards for regulatory compliance and operations, with defined roles distinct from the MD

Sambhv Steel raises ₹161 crore from anchor investors ahead of IPO launch

Sambhv Steel Tubes on Tuesday said it has mobilised Rs 161.25 crore from anchor investors, a day ahead of the launch of its initial share sale for public subscription. WhiteOak Capital Mutual Fund (MF), Motilal Oswal MF, Nuvama Asset Management, Astorne Capital VCC Arven, Citigroup Global Markets Mauritius, Nomura Singapore, Societe Generale, and BNP Paribas Financial Markets, among others have been allotted shares in the anchor round. According to a circular uploaded on BSE's website, Sambhv Steel allocated over 1.96 crore equity shares to 19 entities at Rs 82 per equity share, which is the upper end of the IPO price band. The Rs 540-crore initial public offering (IPO) will open for public subscription on June 25 and conclude on June 27. The price band has been set at Rs 77-82 per share for its issue. The IPO is a mix of fresh issue of equity shares valued at Rs 440 crore and an offer for sale (OFS) of shares worth Rs 100 crore by promoters. Proceeds from the fresh issue will be

Are high oil prices always bad for market sentiment? No, suggests data

Even with oil prices ruling at $110 and $108/bbl in FY13 and FY14 respectively, the Nifty 50 managed to post a gain of 7.3 per cent and 18 per cent in each of these two fiscal years

A stream of IPOs lined up, yet grey market premium barely ripples

Five listings seek ₹15,601 crore, but only one is making any serious waves

Strong project pipeline to ensure sales momentum for Prestige Estates

The launches in the last quarter and a strong outlook has resulted in the stock gaining 21 per over the last month and 42 per cent over three months

Siemens Energy: The power play that doesn't overload on valuations

Siemens Energy India offers a wide range of services and solutions to power generation utilities and IPPs

Markets snap two-day losing streak, shrug off Israel-Iran conflict

Gain underpinned by DII support and strong performance of heavyweight stocks as investors shrug off geopolitical tensions and bet on long-term fundamentals

Israel-Iran conflict: Gold prices may hit $4,000 per ounce in India

Demand for the yellow metal is ebbing as prices continue to soar

Trade set-up, April 30: CCS meeting, US trade deal, Q4 results in focus

Stock Market Today, Sensex Today, April 30: CCS meeting on Pahalgam attack, Q4 results, Ather Energy IPO, Tanup Engineers listing, and India-US trade deal will guide the stock markets today