Page 377 - Markets

Nifty ends near 20,000-mark; Sensex zooms 528 pts amid broad rally

Closing Bell on September 11, 2023: Among sectors, the Nifty PSU Bank index surged 3 per cent, followed by the Nifty Metal and Auto indices (up 1.7 per cent each)

TMS Ep517: Crude oil price, celeb brand names, markets, MAHARISHI

Will oil be the next big worry for India? Why are Indian celebs not banking on their own name? How will markets react to inflation data? What is India's G20 millets initiative, MAHARISHI? Answers here

JSW Energy scales fresh high on report PE investors eyeing stake in unit

Private equity firms TPG, Tokyo Electric Power Company (Tepco) and Brookfield are looking to buy a minority stake in JSW Energy subsidiary, JSW Neo Energy, as per The Economic Times

Ratnaveer Precision freezes at 5% upper circuit; zooms 32% over issue price

Extending the gains, the stock was then locked in the upper circuit of 5 per cent at Rs 129.35 on the NSE

Rishabh Instruments makes tepid debut, lists 4% higher over issue price

The stock listed at Rs 460 as against its issue price of Rs 441 per share. Later, it fell below its issue price to hit an intraday low of Rs 432.25 on the BSE

Ircon zooms 15%, IRFC m-cap hits Rs 1 trn: Why are railway stocks buzzing?

The US, Saudi Arabia, India, and other nations are discussing a possible infrastructure deal that could reconfigure trade between the Gulf and South Asia, linking Middle Eastern countries by railway

We've always been sector- and market cap-agnostic: Enam AMC's Jiten Doshi

In a supply-starved economy, there is enough appetite for local as well as global capital, which is hungry for growth opportunities, said Doshi

SGB issue price fixed at Rs 5,923 per gram, subscription to open on Sept 11

The Reserve Bank of India (RBI) on Friday said the issue price for the next tranche of Sovereign Gold Bond has been fixed at Rs 5,923 per gram and will open for subscription from September 11. "The nominal value of the bond based on the simple average of closing price (for gold of 999 purity)... works out to Rs 5,923 per gram of gold," it said, while announcing the issue price of Sovereign Gold Bond Scheme 2023-24 Series II (second tranche). The government, in consultation with the RBI, has decided to offer a discount of Rs 50 per gram less than the nominal value to investors applying online and making the payment against the application through digital mode. For such investors, the issue price of gold bond will be Rs 5,873 per gram, it said. The issue will be open from September 11-15, according to the statement. The bonds will be sold through banks, Stock Holding Corporation of India Ltd (SHCIL), designated post offices, and recognised stock exchanges -- the NSE and the BSE. Th

Hospital chain Jupiter Life IPO subscribed 63.72 times on last day of offer

The initial public offering (IPO) of multi-speciality hospital chain Jupiter Life Line Hospitals Limited was subscribed 63.72 times on the last day of subscription on Friday, helped by huge demand from institutional buyers. The public issue received bids for 54,14,60,120 shares against 84,97,169 shares on offer, according to NSE data. The portion for qualified institutional buyers (QIBs) received 187.32 times subscription, while the quota for non-institutional investors got subscribed 34.75 times and that of Retail Individual Investors (RIIs) was subscribed 7.73 times. The IPO had a fresh issue of equity shares worth Rs 542 crore and an offer for sale of up to 44.50 lakh equity shares. The initial public offering had a price range of Rs 695-735 a share. Jupiter Life Line Hospitals on Tuesday said it has raised Rs 261 crore from anchor investors. Proceeds of the fresh issue will be utilised to retire debt and for general corporate purposes. The hospital chain operates in Thane,

Sensex extends rally to 6th day, ends 333 pts higher; Nifty reclaims 19,800

CLOSING BELL ON SEPTEMBER 08, 2023: L&T, Airtel and banks were the major movers on Friday; the S&P BSE Sensex has rallied 1,767 points in the last six straight trading sessions.

Bank stocks gain as RBI decides to discontinue I-CRR in a 'phased manner'

As per the schedule, the RBI will release 25 per cent of the amount received under I-CRR on September 9, next 25 per cent on September 23, and the remaining 50 per cent on October 7

TVS Supply Chain hits highest level since listing; soars 20% in 2 days

The company made stock market debut on August 23, and is currently trading 23 per cent higher over its issue price of Rs 197 per share

Mazagon Dock Shipbuilders surges 19% on signing of MSRA with US Government

MDL said the company has signed the Master Ship Repair Agreement (MSRA) with NAVSUP Fleet Logistics Center (FLC) Yokosuka, an entity of the US Government

Delhi's business landscape braves impact as G20 summit takes centre stage

Shuttered for security reasons, markets to miss weekend crowds

Stocks to Watch: L&T, ONGC, Shemaroo, Mazagon Dock, Landmark Cars, Tejas

Stocks to Watch on September 8, 2023: As per a Business Standard report, L&T has secured a multi-billion-dollar contract from Saudi Aramco

F&O: A bull spread strategy for M&M Finance may be suitable for Sept series

The stock price formed bullish hammer candle stick pattern on September 6

Mid, smallcap indices hit record high. Why are markets ignoring oil prices?

India has been substituting expensive crude oil with cheaper imports. This has helped keep inflation-related concerns triggered by rising oil prices at bay

Govt seeks public feedback on draft guidelines for dark patterns

Dark patterns are practices or patterns on UI/UX interactions on any platform designed to mislead or trick users

Hospital chain Jupiter Life IPO subscribed 3.3 times on day two of offer

The initial public offering (IPO) of multi-speciality hospital chain Jupiter Life Line Hospitals Limited was subscribed 3.30 times on day two of bidding on Thursday. The IPO received bids for 2,80,31,300 shares against 84,97,169 shares on offer, according to NSE data. The portion for non-institutional investors was subscribed 6.63 times, the quota for Retail Individual Investors (RIIs) was subscribed 3.08 times and the category for Qualified Institutional Buyers (QIBs) received 1.12 times subscription. The IPO has a fresh issue of equity shares worth Rs 542 crore and an offer for sale of up to 44.50 lakh equity shares. The offer is in a price range of Rs 695-735 a share. Jupiter Life Line Hospitals on Tuesday said it has raised Rs 261 crore from anchor investors. Proceeds of the fresh issue will be utilised to retire debt and for general corporate purposes. The hospital chain operates in Thane, Pune and Indore under the 'Jupiter' brand with a total bed capacity of 1,194 as of De

Sensex soars 385 pts, ends atop 66K; Nifty reclaims 19,700; L&T, banks lead

CLOSING BELL ON SEPTEMBER 07, 2023: The S&P BSE benchmark index has now gained 1,434 points, and the Nifty 473 points in the last five straight trading sessions.