Page 361 - Markets

Alibaba Dec quarter results: Revenue at $36.19 billion, misses estimates

The company's U.S.-listed shares, which announced an increase of $25 billion to its share repurchase program through the end of March 2027, were up 3.5% in premarket trading

China's stock exchanges restrict share selling by some hedge funds

They appear to be now targeting the private fund sector, particularly hedge funds using quantitative trading strategies that typically involve short-selling

YES Bank hits highest level since June 2020; stock zooms 28% in 2 days

Till 03:05 pm, a combined 1,524 million equity shares, representing 5 per cent of total equity of YES Bank, had changed hands on the NSE and BSE

Paytm, IFCI, Reliance Power and 401 other stocks freeze at upper circuits

TRF, KIOCL, GE T&D India, Dredging Corporation of India, Azad Engineering, and Balaji Telefilms were some of the other stocks which were locked in the upper circuits of 5 per cent to 20 per cent

TRF zooms 20%, Tata Steel nears record high on calling off merger plan

In the past two trading days, the stock of the Tata Group firm has zoomed 29 per cent. Currently, it is trading at its highest level since September 2022

SBI rallies 3%, hits all-time high on positive medium-term outlook

SBI news: Among PSU banks, SBI has a healthy provision coverage ratio (PCR), adequate capitalisation, a strong liability franchise, and an improving asset quality outlook

Stocks to Watch today, Feb 7: Nykaa, ONGC, UPL, Britannia, Biocon, Paytm

Stocks to Watch on Wednesday, February 7, 2024: The parent company of Nykaa nearly doubled its consolidated net profit to Rs 16.2 crore during Q3FY24

WeWork founder Adam Neumann trying to buy back bankrupt company: Report

Neumann's new real estate company, Flow Global, has sought to buy WeWork or its assets, as well as provide bankruptcy financing to keep it afloat, the sources said

Sebi issues guidelines for returning draft document of public issues

Markets regulator Sebi on Tuesday came out with guidelines for returning the draft offer document for public issues and its resubmission in a bid to provide greater clarity and consistency in the disclosures as well as for timely processing. In a circular, Sebi said the draft offer document for public issue or rights issue of securities will be scrutinized based on the broad guidelines specified by it and accordingly, such document will be returned to the issuer for resubmission. Under the guidelines, the draft offer document is required to be prepared in simple language with visual representation of data to ensure ease of understanding of its contents and the information needs to be presented in a clear, concise, and intelligible manner. The draft offer document needs to avoid complex presentations; vague and ambiguous and imprecise explanations; repetition of disclosures in different sections of the document and inconsistency in the data or facts provided in different sections of

Investors subscribe Park Hotels IPO 5.82 times on second day of offer

The initial public offering of Apeejay Surrendra Park Hotels, which runs hotels under the 'The Park' brand, got subscribed 5.82 times on the second day of the offer on Tuesday. The Rs 920 crore-IPO received bids for 20,21,97,696 shares against 3,47,61,903 shares on offer, as per NSE data. The portion for Retail Individual Investors (RIIs) fetched 13.11 times subscription while the quota for non-institutional investors got subscribed 10.35 times. The category for Qualified Institutional Buyers (QIBs) attracted 1.26 times subscription. The initial share sale of Apeejay Surrendra Park Hotels was fully subscribed on the first day of bidding on Monday. The Initial Public Offering (IPO) has a fresh issue of up to Rs 600 crore and an Offer For Sale (OFS) component of up to Rs 320 crore. Price range for the offer is Rs 147-155 a share. Those offering shares in the OFS are Apeejay Surrendra Trust, Apeejay Pvt Ltd, RECP IV Park Hotel Investors Ltd and RECP IV Park Co-Investors Ltd. At pre

Sensex surges 455 pts, Nifty tops 21,900; IT index jumps 3%, YES Bank 12%

Stock market highlights on February 6, 2024: The Nifty Auto, Metal, and Pharma added over 1 per cent each

This PSU stock hit over 13-year high on Feb 6; zooms over 100% in 3 weeks

IFCI news: Shares of IFCI hit an over 13-year high of Rs 65.28, freezing at 5 per cent upper circuit on the BSE on Tuesday

Stocks to Watch today, Feb 6:Paytm, BLS E-Services, Adani Power, ZEE, Nykaa

Stocks to Watch on Tuesday, February 6, 2024: Paytm has denied reports about investigation or violation of foreign exchange rules

China tightens some trading restrictions for domestic, offshore investors

Some quantitative hedge funds meanwhile were banned from placing sell orders completely starting Monday, while others were barred from cutting stock positions in their leveraged market-neutral funds

GAIL's stronger-than-expected Q3FY24 performance may be priced in

The management claimed improved realisation was key and higher petrochemical sales, improved marketing margins, and reduced petchem costs contributed to the good performance

Q3 result, stake sale buzz: Here's how analysts expect SBI stock to perform

SBI news: Union Finance Minister Nirmala Sitharaman has reportedly said the government is open to the idea of disinvestment of equity stake in blue-chip public sector undertakings, including SBI

BSE Q3 results: Profit doubles to Rs 108 cr, revenue up 76% at Rs 431 cr

Leading stock exchange BSE Ltd on Monday said its net profit doubled to Rs 108.2 crore in December quarter. In comparison, the exchange had posted a net profit of Rs 51.6 crore in the year-ago period, BSE said in a statement. The bourse achieved its highest quarterly revenue ever at Rs 431.5 crore in the October-December period of the current fiscal, marking a surge of 76 per cent from Rs 245 crore registered in the year-ago period. The exchange's mutual distribution platform, BSE StAR MF, saw the total number of transactions soaring 60 per cent to reach 10.9 crore in the third quarter of the current fiscal from 6.86 crore in the corresponding quarter last year.

Rupee ends weaker on dollar demand from oil firms, higher US bond yields

The rupee ended at 83.0550 against the U.S. dollar, lower by 0.17% compared to its close of 82.9175 in the previous session

This tourism finance stock nearly doubled in 1 month; Quant MF buys stake

In the past two trading days, shares of Tourism Finance Corporation of India have rallied 26% after Quant Mutual Fund bought 600,000 shares via bulk deal

Stocks to Watch today, Feb 5: Paytm, SBI, TaMo, IndiGo, ZEE, Airtel, VBL

Stocks to Watch on Monday, February 5, 2024: Stock exchanges have revised the circuit limits for Paytm to 10 per cent from 20 per cent