Page 413 - Markets

Global Surfaces IPO opens today: GMP, subscription status, all details here

Global Surfaces IPO subscription status: According to BSE, as of 10:40 AM on Monday, the issue has been subscribed 0.04 times

Sona Comstar slumps 6% after 20% equity changes hands via block deal

At 09:15 am; nearly 118.76 million equity shares representing 20.3 per cent of total equity of Sona Comstar had changed hands on the BSE, the exchange data shows

Indian markets won't enter bear territory anytime soon: Nischal Maheshwari

Profit margins for Indian companies are likely to improve as input costs have stabilised since last year, says Nischal Maheshwari, CEO of institutional equities at Centrum Broking

Eight of top-10 firms lose Rs 1.03 trn in market-cap; RIL, ICICI hit hard

Eight of the top 10 valued firms faced a combined erosion of Rs 1,03,732.39 crore in market valuation last week, with Reliance Industries and ICICI Bank taking the biggest hit amid an overall weak trend in equities. During the holiday-shortened week, the 30-share BSE Sensex declined 673.84 points or 1.12 per cent amid concerns over the quantum of the next interest rate hike by the US Federal Reserve. Barring Bharti Airtel and ITC, eight firms suffered erosion from their market capitalisation (mcap). The market valuation of Reliance Industries plummeted by Rs 41,878.37 crore to Rs 15,71,724.26 crore, the most among the top 10 firms. The mcap of ICICI Bank tumbled Rs 18,134.73 to Rs 5,88,379.98 crore. The valuation of HDFC Bank tanked by Rs 15,007.38 to Rs 8,86,300.20 crore, and that of State Bank of India eroded by Rs 12,360.59 to Rs 4,88,399.39 crore. HDFC's market valuation diminished by Rs 6,893.18 crore to Rs 4,77,524.24 crore. Tata Consultancy Services' (TCS) valuation slump

Adani-Hindenburg saga: Over dozen involved in short-selling under Sebi lens

Fund source, disclosures being examined

Sebi resolves 2,672 complaints through SCORES platform in February

A total of 2,672 complaints against companies and market intermediaries received through capital markets regulator Sebi's SCORES platform were disposed of in February, according to Sebi data. At the beginning of February, as many as 2,603 complaints were pending and 2,321 fresh complaints were received during the month, the data released by Sebi on Friday showed. These complaints were related to refunds, allotment, redemption and interest, among others. The regulator noted that there were seven complaints as of February 2023, which were pending for more than three months. These complaints were related to research analyst, investment adviser, corporate governance/ listing conditions, non-demat, remat and transfer/dividend/rights/redemption. The average resolution time for a complaint is 30 days, it added. In a separate public notice, Sebi mentioned six entities against whom complaints have been pending for more than three months on SCORES as of February 2023. These are Grovalue ..

TMS Ep387: Kishore Biyani, Indian rupee, markets, High Seas Treaty

What makes Kishore Biyani's Future tense? Is the rupee headed for internationalisation? Will Fed action, inflation data sway markets? What is the High Seas Treaty? All answers here

No SVB-like scenario in India; banks are on a strong footing, say analysts

The sell-off in the banking pack, analysts said, was a knee-jerk reaction to the developments with US-based Silicon Valley Bank (SVB) that announced a share sale to shore up its finances

Women hold around 36% of senior positions in India's mid-market biz: Report

Over 36 per cent of senior management positions in mid-market businesses in India are being held by women, which is more than the global average of 32 per cent, according to a report. According to Grant Thornton's International Business Report on 'Women in Business 2023 - The push for parity', 32 per cent of senior management positions are now held by women globally, in mid-market businesses, and the same stands at 36 per cent in India. Around 9 per cent of such businesses still have no women in senior leadership roles globally, the report said. "As we continue to strive for gender parity in the workplace, it is encouraging to see progress in the representation of women in senior leadership positions. "To push for better parity, businesses must adopt a hybrid or flexible approach, create a supportive and understanding culture, and focus on employee well-being and mentoring programmes that support women," Grant Thornton Bharat Partner Pallavi Bakhru said. Working towards improving

Investors pour Rs 15,700 crore into equity mutual fund schemes in Feb

February inflows most in nine months, debt schemes continue to struggle

SVB shares halted for pending news after sinking another 69% premarket

Adding to SVB's woes, venture capitalists including Peter Thiel's Founders Fund urged portfolio businesses to limit their exposure to the firm

Stock of this shipping company has zoomed 32% in two days

Seamec has entered into a subcontract with its consortium partner in Pipeline Replacement Project (PRPVII) for subsea installation works of ONGC on unit rate basis

Equitas SFB slips 13% as new shares list post merger with Equitas Holdings

Total 789.53 million shares have been listed pursuant to the scheme of amalgamation of Equitas Holdings with Equitas Small Finance Bank

Stocks to Watch: Wipro, Reliance, Ajanta Pharma, Infosys, IRB Infra, REC

Stocks to Watch: RIL arm Reliance Polyester has completed acquisition of polyester business of Shubhalakshmi Polyesters & Shubhlaxmi Polytex

How to approach IT stocks amid tighter monetary policy, recession fears?

According to Jefferies, analysts' consensus revenue growth estimates for CY24 have been lowered for top clients of all IT firms, barring Wipro, with the highest cuts for HCL Tech and Tech Mahindra

Crypto under PMLA: Industry gives thumbs up, expects higher investor faith

Cryptocurrency news: On Tuesday, the Centre issued a notification to bring VDAs under the ambit of anti-money laundering law in India

Aptus Value down 13% in 2 days as it denies merger talks with Cholamandalam

On Monday, the stock price of Aptus had zoomed 19 per cent on report that Cholamandalam Investment and Finance was looking to buy controlling stake in the company

Stock of this electric bus manufacture has zoomed 68% in 10 trading days

In the past three trading days,Olectra Greentech has rallied 24% after EVEY received two Letter of Awards from the Telangana State Road Transport Corporation for 550 Electric Buses

Jindal Saw hits over 5-year high; zooms 94% in 3 months on healthy outlook

The company said that the future of the global steel pipe market looks promising with opportunities in oil and gas, water and wastewater, power generation, automotive, and other industrial sectors

SeQuent Scientific rallies 15% on terminating pact to acquire Tineta Pharma

In November 2022, SeQuent had announced the acquisition of Tineta Pharma for Rs 218 crore but the said transaction has not materialised