Page 394 - Markets

Auto shares in fast lane; Tata Motors, M&M, Maruti Suzuki hit 52-week highs

M&M hit a record high of Rs 1,440.75, up 3 per cent on the BSE

Mcap of BSE-listed firms at all-time high of Rs 295.72 trn, Sensex at peak

The market capitalisation of BSE-listed firms reached an all-time high of Rs 295.72 lakh crore in early trade on Friday, helped by optimism in equities, where the benchmark Sensex hit its new lifetime peak. Rallying for the third day running, the 30-share Sensex surged 499.42 points or 0.78 per cent to reach its all-time high of 64,414.84 in early deals. Thanks to the rally in equities, the market capitalisation (mcap) of BSE-listed companies jumped to Rs 2,95,72,338.05 crore. Earlier, on June 21, the market capitalisation of BSE-listed firms had hit an all-time high of Rs 2,94,36,594.50 crore. From the Sensex pack, Infosys, Tata Consultancy Services, Mahindra & Mahindra, IndusInd Bank, HCL Technologies, Tech Mahindra, Maruti, Wipro, HDFC Bank and HDFC were the major gainers. ITC, Bharti Airtel, ICICI Bank and Tata Steel were the laggards. In Asian markets, Seoul, Shanghai and Hong Kong traded in the green while Tokyo quoted lower. Global oil benchmark Brent crude climbed 0.30 p

Investors will continue to trade via SGX in Nifty in GIFT City from July 3

International investors will continue to trade through Singapore Exchange (SGX Group) in Nifty as the USD 7 billion open interest contract will be relaunched on GIFT City from July 3, 2023, following 22 years of success in Singapore. This collaboration is significant given it is the first cross-border initiative in connecting India and Singapore's capital markets. "SGX Group will continue to provide international access to USD-denominated Nifty contracts, which has been re-christened GIFT Nifty starting July 3, 2023, alongside other SGX derivatives products," Janice Kan, Managing Director of Head of Markets Equities at SGX Group, told PTI on Friday. "Investors can trade and clear the Nifty contracts through SGX as they have been doing for more than two decades. Orders will be routed via the Connect to NSE IX for trade matching and executed trades will be cleared and settled on SGX," said Kan, an equity market veteran with over three decades of experience. Kan has seen through the .

TMS Ep466: New TCS regime, HDFC twin merger, markets, wreck-diving

How will the new TCS regime affect you? What are the implications of the HDFC merger? Report card H1-CY23: How did the markets fare? What is wreck-diving? All answers here

FTX starts talks to relaunch its international crypto exchange: Report

FTX has been holding talks with investors about backing a potential restart of the FTX.com exchange through structures such as a joint venture

ICICI Securities to become 100% subsidiary of ICICI Bank after delisting

As a part of the acquisition, shareholders of ICICI Securities will get 67 equity shares of ICICI Bank for every 100 shares of the company

Sebi finalising draft discussion paper over guidelines for 'finfluencers'

Market watchdog Sebi will be finalising a draft discussion paper in a month or two to formulate rules and guidelines to regulate the mushrooming number of unregistered financial influencers or finfluencers who offer investment advisors to the public. The statement from Sebi chairperson Madhabi Puri Buch comes on the heels of the income tax department reportedly sending notices to top 35 social media influencers for not paying taxes worth crores of rupees and after last week's searches on the top 13 Youtubers in Kerala for similar offences. "We are crystalising a discussion paper to regulate financial influencers. The paper should be ready for public comments in the next couple of months," Buch told reporters late last night after a marathon board meeting wherein the board approved a rash of regulatory measures including halving of the share listing time to three days the present six after an IPO. The board also decided to tighten the disclosure norms for large foreign portfolio ...

Despite current euphoria in market, returns in first half of 2023, modest

During the first quarter of 2023, Indian markets dropped nearly 4 per cent and were among the worst-performing major markets

Sebi to revamp, strengthen investor grievance handling mechanism

Markets watchdog Sebi on Wednesday decided to revamp its complaint redressal system as part of efforts to strengthen the investor grievance handling mechanism. At its meeting here, the Sebi board cleared various measures to boost the investor grievance handling mechanism and linking SCORES (Sebi Complaint Redress System) with the Online Dispute Resolution Mechanism. It would also look at reducing timelines, introducing auto-routing of the complaint to concerned regulated entities, and auto-escalation of complaints in case of non-adherence to the prescribed timelines by the regulated entity. Among others, Sebi, in a release after the board meeting, said it would also provide two levels of review. The first review would be by the designated body if the investor is dissatisfied with the resolution provided by the regulated entity concerned. The second review would be done by Sebi if the investor is still dissatisfied after the first review. Linking SCORES with Online Dispute Resoluti

Adani Ent jumps over 5% as most groups cos settle in positive territory

Majority of the Adani Group stocks ended in the positive territory on Wednesday, with Adani Enterprises climbing over 5 per cent, after US-based boutique investment firm GQG Partners and other investors bought close to USD 1 billion of additional stakes in group companies as billionaire Gautam Adani continues to rebuild market confidence since the hit by a damning report of a US short seller. Shares of flagship firm Adani Enterprises jumped 5.34 per cent on the BSE. The stock of Adani Transmission rallied 5.93 per cent, Adani Ports climbed 5.12 per cent, Adani Total Gas (2.26 per cent), Adani Wilmar (1.83 per cent), ACC (1.31 per cent), Adani Power (0.59 per cent) and Ambuja Cements (0.07 per cent). However, Adani Green Energy shares declined 0.16 per cent and that of NDTV fell by 0.32 per cent. The investors bought 18 million shares, or 1.6 per cent, from the Adani family in group's flagship Adani Enterprises Ltd in a single block trade. In renewable energy firm Adani Green Energy

Equity investors become richer by Rs 3.43 trn in 2 days of market rally

Equity investors became richer by Rs 3.43 lakh crore in two days of market rally that saw the BSE benchmark Sensex touching the record 64,000-mark in intra-day trade on Wednesday. Extending the previous day's rally, the 30-share Sensex surged 499.39 points or 0.79 per cent to settle at its life time closing high of 63,915.42 points on Wednesday. During the day, the index jumped 634.41 points or 1 per cent to hit its all-time intra-day peak of 64,050.44 points. In two days, the market capitalisation of BSE-listed firms went up by Rs 3,43,718.15 crore to Rs 2,94,11,131.69 crore. Earlier, on June 21, the market capitalisation of BSE-listed firms had hit an all-time high of Rs 2,94,36,594.50 crore. "Domestic equities had a dream run with Nifty and Sensex scaling life time highs. Strong institutional flows, healthy macros, and robust earnings growth drove the domestic market toward new highs," Siddhartha Khemka, Head - Retail Research at Motilal Oswal Financial Services Ltd, said. All

IdeaForge Tech IPO to close on June 30; issue subscribed 32x so far

According to IPO Watch, the shares are commanding grey market premium (GMP) of Rs 550, signaling a listing gain of 82 per cent over the upper end of the IPO price

Sheela Foam jumps 8% on report it may buy Kurlon Enterprise for Rs 3,250 cr

Buying out Kurlon Enterprise, which makes the Kurl-on brand of mattresses, will help Sheela Foam nearly double its market share, the report by Moneycontrol said

Tata Motors gains 3% on Sebi nod to Tata Tech IPO; CLSA raises target price

The stock of the Tata group automobile company was trading at its highest level since September 2016

Adani Enterprises rallies 6% on report promoters sell stake via block deal

Till 10:49 am; around 23 million shares of Adani Enterprises had changed hands, as compared to an average sub 7 million shares traded over last 10 days on the NSE

Landmark Cars hits record high; up 11% in 2 days on institutional buying

TPG Growth II SF Pte Ltd, on Friday, sold 4.46 million shares for Rs 293 crore through an open market transaction

7 IPOs this week but don't make these 10 mistakes in pursuit of gains

The most common mistake than investors make that can be a trap and hinder your financial success is following the herd mentality

Titagarh Rail gets LoA for Rs 857-crore order from GMRC; stock rallies 5%

TRSL recently received the largest-ever order for Wagons from Indian Railways

Stocks to Watch: SBI, HDFC twins, JSW Steel, Vedanta, TCNS, ITC, ABFRL

Stocks to watch on June 28, 2023: HDFC said the announced dates for its merger into HDFC Bank are tentative and subject to completion of certain formalities; JSW Steel could replace HDFC in Sensex

TMS Ep464: Go First airline, risk tourism, microcap stocks, Artemis Accords

Can Go First take off once again? Will the Titan submarine tragedy sink risk tourism? Should you invest in micro-cap stocks? What are Artemis Accords? All answers here