Page 360 - Markets

Tata Power dips 6% on profit booking post Q3 results

As the country witnesses a surge in power demand, Tata Power is well positioned to capitalise on the growth momentum, the management said

Amber Enterprises slips 12% on weak December quarter earnings

Increase in finance cost, owing to increase in interest rates and higher depreciation on account of capex done in last year and this year, led to decline in profit after tax

Stocks to Watch today, Feb 12:ONGC, IRCTC, JSW Grp, DRL, Easy Trip Planners

Stocks to Watch on Monday, February 12, 2024: Shares of Apeejay Surrendra Park will get listed on stock exchanges on February 12

Nifty50: Here's why bullish trend on the index remains uncertain

Trading strategy for Nifty50: The recommended trading strategy aligns with selling on upward movements

In an election year, markets typically flourish, says Arbind Maheswari

Historically, the markets tend to perform well during election years as governments aim to increase spending and call attention to growth, he said

Zomato rallies 5%, hits 2-year high on healthy December quarter results

The growth was fueled by Blinkit, which rose 27 per cent Q-o-Q, while food delivery revenue grew 10 per cent Q-o-Q

TMS Ep627: Uniform Civil Code, insurtech, markets, CAR-T cell therapy

How will Uttarakhand's UCC change things? Can insurtech drive up insurance penetration in India? Will Sebi's new disclosure norms affect FII flows? What is CAR-T cell therapy? All answers here

BSE Mid & SmallCap indices sink 3%: What's driving the underperformance?

The broader market breadth was weak with 2,813 stocks declining and 823 gaining on the BSE

CPSE index cracks 5% on profit booking; PFC, RVNL, MSTC tank up to 16%

In the past one month, the CPSE index has rallied 19 per cent, while, in three months, it has soared 53 per cent

Escorts Kubota plunges 10%, hits 5-month low on disappointing Q3 results

The company expects a 6-7 per cent volume decline for the overall tractor industry in FY24 and a weak Q1FY25 if elections are declared during the said period.

Stocks to Watch today, Feb 9: LIC, Zomato, Airtel, Paytm, Hero Moto, ZEE

Stocks to Watch on Friday, February 9, 2024: LIC of India reported a 49.10 per cent year-on- year (Y-o-Y) growth in net profit, at Rs 9,444.4 crore, during Q3FY24

Sebi tweaks pricing method for institutional placement by private InvITs

Capital markets regulator Sebi on Thursday came out with revised pricing guidelines for institutional placements by privately placed infrastructure investment trusts (InvITs) in a bid to promote ease of doing business. Under the new guidelines, privately placed InvITs can undertake institutional placement based on net asset value (NAV) of InvIT's assets. "The institutional placement by privately placed InvIT shall be made at a price not less than the NAV per unit, based on the full valuation of all existing InvIT assets conducted in terms of InvIT Regulations," the Securities and Exchange Board of India (Sebi) said in a circular. As per the current rule, the institutional placement by InvIT needs to be made at a price not less than the average of the weekly high and low of the closing prices of the units of the same class quoted on the stock exchange during the two weeks preceding the relevant date. The decision has been taken based on the request of the industry in respect of pric

Capital Small Finance Bank IPO subscribed 1.19 times on day two of bidding

The initial public offer of Capital Small Finance Bank Limited on Thursday got subscribed 1.19 times on the second day of bidding. The Rs 523 crore-initial share sale received bids for 97,15,520 shares against 81,47,373 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) received 1.34 times subscription while the quota for Qualified Institutional Buyers (QIBs) got subscribed 1.06 times. The portion for non-institutional investors fetched 1.03 times subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 450 crore and an Offer For Sale component of up to 15,61,329 equity shares. Those selling shares in the OFS include Oman India Joint Investment Fund II, American Capital, and Amicus Capital Private Equity. The IPO has a price range of Rs 445-468 a share. The initial share sale of Capital Small Finance Bank Ltd received 50 per cent subscription on the first day of bidding on Wednesday. Capital Small Finance Bank on Tuesday colle

Rupee settles on flat note at 82.96 after RBI monetary policy decision

The rupee settled on a flat note at 82.96 (provisional) against the US dollar on Thursday, after the Reserve Bank decided to keep the key policy rate unchanged for the sixth time in a row to maintain a tight vigil on inflation. Forex traders said a negative trend in domestic equities weighed on investor sentiments. At the interbank foreign exchange, the rupee opened at 82.94 against the dollar and moved in a narrow range and settled for the day at 82.96 against the American currency, as the central bank retained the repo rate at 6.5 pc for the sixth consecutive time. During the day, the rupee touched an intraday high of 82.89 and a low of 83 against the US dollar. On Wednesday, the rupee appreciated 9 paise to close at 82.96 against the dollar. The Indian rupee remained flat as RBI maintained status quo in its monetary policy for the sixth consecutive time and left Repo Rate unchanged at 6.5 per cent, in line with street expectations. The central bank revised FY24 GDP projections

ITC hits over 8-month low, slips 5% as BAT mulls partial stake sale

The company's largest shareholder, British American Tobacco (BAT) holds 29.03 per cent stake in ITC

Stocks to Watch today, Feb 8: Banks, Auto, Zomato, Adani Ports, LIC, TCP

Stocks to Watch on Thursday, February 8: Shares of banking and finance, auto, housing, and real estate will be in focus as the Reserve Bank of India is set to announce the decision of it's MPC meeting

China replaces top securities regulator as Xi Jinping tries to end rout

The shift comes after Chinese authorities struggled to halt a selloff in the world's second-largest stock market with piecemeal support measures over the past few months

Sebi proposes ways for deregistered offshore funds to dispose of securities

A discussion paper is the first step taken by the Securities and Exchange Board of India (SEBI) before it finally changes its rules for market entities

Stock markets settle flat in volatile trade ahead of RBI's rate decision

Benchmark stock indices Sensex and Nifty closed flat in a volatile trade on Wednesday as investors stayed on the sidelines ahead of RBI's interest rate decision on Thursday. The 30-share BSE Sensex declined 34.09 points or 0.05 per cent to settle at 72,152. During the day, it hit a high of 72,559.21 and a low of 71,938.22. The Nifty ended marginally up by 1.10 points or 0.01 per cent to 21,930.50. IT shares TCS, Infosys and Tech Mahindra declined due to profit taking offsetting gains from select banking and pharma shares. "The domestic market exhibited cautious range-bound movement, despite robust PMI data and favourable global cues ahead of RBI policy meet. While no change in stance is anticipated, the RBI's commentary on any hints regarding potential rate cuts and improvements in liquidity will be closely monitored," Vinod Nair, Head of Research, Geojit Financial Services said. Among the Sensex firms, State Bank of India rose the most by 3.78 per cent after the bank announced th

Govt eyes deal with EU countries that could draw $100 billion investment

If finalised, it would mark the first time an investment commitment of this nature is secured by India as part of a free trade agreement