Page 373 - Markets

JSW Infra extends gains after strong listing; zooms 41% over issue price

Moody's Investors Service, on Tuesday, upgraded JSW Infra corporate family rating (CFR) and senior secured bond rating to Ba1 from Ba2, and changed the outlook to stable from positive

Stocks to Watch today: Bajaj duo, LIC, JSW Infra, Adan Ent, HDFC Bank, DLF

Stocks to Watch on Wednesday, October 4, 2023: Bajaj Finserv's insurance arm, Bajaj Allianz General Insurance has received a show cause notice alleging a tax demand of Rs 1,010.05 crore

JSW Infrastructure shares jump over 32% to settle at Rs 157 in debut trade

Shares of JSW Infrastructure, a part of JSW Group, on Tuesday made a remarkable market debut and ended with a premium of over 32 per cent against the issue price of Rs 119. The stock made its debut at Rs 143, registering a jump of 20.16 per cent from the issue price on the BSE. It rallied 32.18 per cent to settle at Rs 157.30. At the NSE, it listed at Rs 143. Shares of the company ended at Rs 157.30 apiece, climbing 32.18 per cent. The company commanded a market valuation of Rs 33,033.02 crore. In traded volume terms, 57.99 lakh shares of the company were traded at the BSE and over 12.21 crore shares at the NSE during the day. In the equity market, the 30-share BSE Sensex declined 316.31 points or 0.48 per cent to settle at 65,512.10. The Nifty fell 109.55 points or 0.56 per cent to end at 19,528.75. The Initial Public Offering (IPO) of JSW Infrastructure was subscribed 37.37 times on the last day of bidding on Wednesday. The Rs 2,800-crore IPO had a price range of Rs 113-119 pe

Markets in a correction mode: It's your portfolio. Make it large!

The run-up in the markets in these last few months, analysts at HSBC said, has made investors nervous about the markets amid multiple headwinds

JSW Infra gains 32% on market debut; Finolex Cables withholds results

Through the IPO, JSW Infrastructure raised Rs 2,800 crore in fresh capital, which it plans to use for paring its debt

Sensex down 316pts, Nifty below 19550 amid global selling; JSW Infra up 32%

Closing Bell on October 3, 2023: In the broader markets, the key indices outperformed the frontline indices with the BSE MidCap index gaining 0.09%, and the BSE SmallCap index advancing 0.6%

CSB Bank shares jump 6% in weak market, hit 52-week high; more steam left?

According to analysts, the bank's management has a multipronged growth strategy, leading to a compelling investment argument

Apollo Micro up 8% on Rs 150-cr capex plan to set up defence mfg facility

The proposed new units will add an additional infrastructure of 300,000 sq ft to its existing infrastructure, and will be capable of handling bulk production

JSW Infra makes strong debut; extends gain to zoom 32% over issue price

The stock moved higher to Rs 157, up 32 per cent over its issue price of Rs 119, after being listed at Rs 143 on the NSE

Stocks to Watch today: Vedanta, JSW Infra, UTI AMC, Autos, MGL, Adani Green

Stocks to Watch on Tuesday, October 3, 2023: JSW Infrastructure will debut on the bourses on October 3, 2023

STOXX 600 index declines 1% to six-month low on higher bond yields

The pan-European STOXX 600 index reversed early gains to fall 1.0% on Monday, hitting its lowest intra-day low in since end of March

TMS Ep532: Entertainment gig, MS Swaminathan, markets in H2FY24, antimatter

Why is India the graveyard of entertainment gigs? How did MS Swaminathan transform India? How to approach the markets in H2 FY24? What have scientists discovered about antimatter? All answers here

TMS Ep531: Pilot shortage, junk food, consumption stocks, govt borrowing

Who is to blame for India's pilot shortage? Is junk food the new cigarette? Are consumption stocks a good bet ahead of festive season? What is govt's borrowing programme and calendar? All answers here

Accenture guidance delays hopes of demand pick-up for Indian IT: Analysts

Nirmal Bang analysts suggest investors use the gains to pare positions if overweight, especially in the tier-2 IT pack

Easing yields, oil prices lift Sensex 320 pts; Pharma stocks steal the show

Closing Bell on September 29, 2023: The Nifty50, on the other hand, gained 115 points to shut shop at 19.638. Sectorally, the Nifty Pharma index jumped the most, up 2.7 per cent

Stock of this Gujarat government-owned company has zoomed 91% in 7 weeks

Shares of GMDC hit a record high of Rs 323.70 as they rallied 14%, surpassing its previous high of Rs 316.18 touched on November 12, 2007

NTPC soars 6%, hits new high on strong biz outlook; up 52% so far in CY23

NTPC is looking for opportunities to expand and diversify its business in new areas both domestically and globally by working in close coordination with the Indian and global energy community

Mkt regulator Sebi puts MCX's impending transition to new CDP in abeyance

The exchange was scheduled to go live with the new tech platform on October 3

MCX slips 9% as Sebi stops launch of new commodity derivative platform

Sebi has asked MCX to put on hold the proposed plan to launch its new commodity derivatives platform (CDP) planned for next week

Navin Fluorine tanks 10% as MD Radhesh Welling resigns

In exchange filing, NFIL said Mr. Radhesh R. Welling has tendered his resignation as the Managing Director and a Director on the Board of the Company for personal reasons.