Page 443 - Markets

IDBI Bank surges 11% as govt invites bids for strategic divestment

LIC, which owns 49.2% in IDBI Bank, will cut its stake to 19%, while the government will reduce its shareholding to 15% from 45.5% at present

BSE gets SEBI's approval to set up a separate social stock exchange

In July, SEBI notified rules for Social Stock Exchange (SSE) to provide social enterprises with an additional avenue to raise funds

Jubilant Food, Bata: Consumption stocks get leg up amid festive boost

Nine-day Navratri festival saw retailers witness the highest footfalls in two-three years across segments such as automobiles, consumer appliances, and apparels

Crypto weekly wrap: Binance hack, inflation fears keep volatility high

The biggest news of the crypto world this week was that roughly $100 million of Binance Coin was stolen by hacking. It has sent the price of Binance down by 4 per cent

Sensex, Nifty end flat after choppy day; Titan up 5%, Varroc Engg tanks 7%

CLOSING BELL: The three-day IPO of Electronics Mart India was subscribed 62 times till 3:30 PM

Zomato gains 7% on heavy volumes; stock rebounds 73% from record low

The average trading volumes on the counter more-than-doubled with a combined 155.71 million shares changing hands on the NSE and BSE till 02:59 PM

Kalyan, PC Jeweller hit 52-week highs on hopes of strong demand

After muted months of July and August, mainly due to delayed weddings in South India, analysts expect demand to bounce back in the December quarter given Navratri, and festive season across India

Crypto exchange ZebPay applies for license in Singapore, also eyeing UAE

Daily trading volume on ZebPay has dropped from a high of $122 million in October 2021 to just over $700,000, data from Nomics shows

Ujjivan Financial, SFB in focus: Stocks hit 52-week highs in volatile mkt

In Q2FY23, Ujjivan Small Finance Bank's gross loan book jumped 44 per cent YoY to Rs 20,938 crore on the back of sustained growth in disbursement

Sebi cancels certificate of registration granted to Brickwork Ratings

Orders it to wind down operations in six months

UK Home Secretary casts doubt on FTA over open borders with India

Britain's Indian-origin Home Secretary, Suella Braverman, has cast doubts over a proposed free trade agreement (FTA) with India over the issue of migration and branded Indians as the largest group of people who overstay their visas in the UK. Expressing concerns over what she feared would be an open borders migration policy in an interview with The Spectator' on Thursday, the senior minister seemed to indicate that she would not offer Cabinet backing to a trade deal that offers India greater visa concessions. It would pitch her in a possible clash with British Prime Minister Liz Truss, who wants an FTA with India now in the final round of negotiations within the Diwali deadline set by her predecessor Boris Johnson. I have concerns about having an open borders migration policy with India because I don't think that's what people voted for with Brexit, Braverman told the British weekly news magazine. Asked about visa flexibility for students and entrepreneurs under an India-UK FTA,

Running accounts Settlement: New Sebi guidelines in motion from Friday

However, industry experts feel that with tighter rules, brokerages will need to have higher working capital and will involve operational risk of transferring large amounts

Sensex rises 157 pts, Nifty atop 17,300; Nifty Metal index up 3%, FMCGs dip

CLOSING BELL: JSW Steel, Hindalco, Coal India, L&T, Tata Steel, ICICI Bank, HCL Tech, Axis Bank, Tata Motors, Tata Consumer Products, Shree Cement, and Wipro were the top gainers

Adani Wilmar, Adani Power freeze at 5% upper circuit; Ambuja Cements up 4%

Adani Green Energy, Adani Total Gas, Adani Enterprises and Adani Transmission were trading higher in the range of 2 per cent to 4 per cent

Penalty to be levied on tech giants breaking digital market rules

These norms are expected to prohibit actions taken by e-commerce platforms such as "self-preferencing" to market their own brands

Bharat Forge surges 8% on reports of strong US Class 8 truck orders

According to media reports, preliminary North American Class 8 net orders for September soared to 56,500 units, the most-ever for a single month

TMS Ep275:Credit Suisse, Natural Gas Price, NIFTY Earnings, Insider Trading

How big a threat is Credit Suisse to India and the world? How will high global natural gas prices affect India? Will banks and auto drive Nifty earnings in Q2? What is insider trading? Answers here

Emerging mkts close to completing current bear-market cycle: Morgan Stanley

It's highly likely these markets are bottoming amid "abundant" signs of capitulation, the investment bank's strategists including Jonathan Garner wrote in note

'Offer for sale' mechanism to get mega boost as Sebi relaxes norms

Among other things, the cooling-off period required between two OFSs has been reduced to as less as two weeks from 12 weeks at present

Analysts bullish on hospitals on expansion plans, recovery in non-Covid biz

Experts note that the transition of the sector to the asset-light model has significantly enabled it to use fewer funds for setting up hospitals, thus bringing significantly higher returns on equity