Page 554 - Markets

Investors richer by Rs 4 trn as Sensex zooms 765 pts, ends near 56,900

Investor wealth rose by Rs 3.6 trillion on the BSE today, taking m-cap of all listed BSE companies to Rs 247.34 trillion

BSE Midcap index hits record high; Adani Transmission zooms 67% in 1 month

Individually, Hindustan Aeronautics, Info Edge, L&T Infotech, Oracle Financial Services and PI Industries hit their respective record highs

New F&O entrants in focus; IndiaMart, IEX, Can Fin surge up to 9%

HAL hit a record high of Rs 1,457, up 5.5% on the NSE in intra-day trade today, rising 37% in eight trading days

Affle freezes at 5% upper circuit for 3rd straight day on stock split plan

The board approved stock split from Rs 10 to Rs 2 to facilitate larger shareholder base and aid liquidity

Sandhar Tech jumps 13% as report suggests co supplying auto parts to Tesla

Tesla is in talks with at least three Indian suppliers to source critical parts as part of its plans to enter the Indian market

Bharti Airtel up 2% after board approves Rs 21,000-crore rights issue

The rights issue is price at Rs 535 per share, with entitlement ratio of one equity share for every 14 equity shares held by eligible shareholders as on the record date

Stocks to watch: Airtel, RIL, M&M, Nazara Tech, IDBI Bank, Burger King

Amit Banerjee took over as Chairman and Managing Director of BEML on Friday

Two technical stock picks by Vaishali Parekh of Prabhudas Lilladher

Ashok Leyland stock has witnessed a decent correction from Rs 143 level and bottomed out near the significant 200-DMA level of Rs 116

Fabulous Friday: Sensex sails past 56,000 closing level, rupee gains 53p

With equity benchmark indices scaling new closing highs and rupee logging its biggest single-session gain in more than four months, last Friday of this month turned out to be fabulous for markets

World stock markets generally higher ahead of US Fed commentary

World stocks generally edged higher Friday as investors awaited more guidance on the U.S. Federal Reserve's easing plans. In early trading, Germany's DAX rose almost 0.1per cent to 15,797.05 and the FTSE 100 in Britain added 0.1per cent to 7,128.59. France's CAC 40 slipped less than 0.1per cent to 6,664.55, however. Wall Street was positioned for gains. Futures for the benchmark S&P 500 rose 0.3per cent to 4,480.25. That of the Dow also gained 0.3per cent to 35,261.00. The moves in the U.S. and Europe followed an uninspired trading day in Asia. Markets are awaiting comments from Fed Chair Jerome Powell, who is to speak at the central bank's annual symposium in Jackson Hole, Wyoming, later Friday. Any indications of when the bank will start scaling back on asset purchases will be closely watched. So will any signs of concern about the coronavirus delta variant, which could signal a cautiousness toward tapering, analysts said. Several Fed officials have suggested that the easing ...

Ami Organics IPO to open on Sep 1; sets price band at Rs 603-610 per share

Speciality chemicals maker Ami Organics on Friday said it has fixed a price band of Rs 603-610 a share for its Rs 570-crore initial share sale. The three-day initial public offer (IPO) will open on September 1 and conclude on September 3, the company announced in a virtual press conference. The IPO comprises a fresh issue of equity shares worth Rs 200 crore and an offer for sale of up to 60,59,600 equity shares by existing shareholders. The company has reduced its fresh issue size to Rs 200 crore from Rs 300 crore after raising Rs 100 crore in a pre-IPO placement. At the upper end of the price band, the initial share sale is expected to fetch Rs 569.63 crore. Proceeds from the fresh issue will be used towards repayment of certain debt and funding working capital requirements. Half of the issue size has been reserved for qualified institutional investors, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Ami Organics is one of the lea

Sebi disposes of proceedings against Fortis Healthcare's statutory auditor

Markets regulator Sebi has disposed of proceedings against statutory auditor of Fortis Healthcare in a matter pertaining to its alleged role in diversion of funds.

Sensex rises 176 pts to end above 56K for first time; BSE Midcap jumps 1%

The broader markets, meanwhile, outperformed, rising for the fourth straight session

Sudarshan Chemical soars 23% in 3 days after Axis MF buys stake in company

On August 24, 2021, Axis Mutual Fund A/c Axis Smallcap Fund purchased 589,498 equity shares, representing a 0.85 per cent stake of Sudarshan Chemical at a price of Rs 565 per share on the BSE

Carborundum Universal up 5% on pact to acquire controlling stake in PLUSS

The company has entered into a definitive agreement for acquiring a controlling stake in PLUSS Advanced Technologies Private Limited (PLUSS), at an initial investment of Rs 115 crore

L&T gains 4% as brokerage Motilal Oswal raises target price to Rs 1,950

L&T is top pick in the wider Capital Goods sector as a proxy to play India's capex story, the brokerage firm said

Laxmi Organic hits new high; stock zooms 52% in 3 weeks on robust Q1 show

The stock has 219 per cent against its issue price of Rs 130 per share

Zen Technologies hits 52-week high, zooms 30% in three days

Defence exports in the country witnessed strong growth in the last two years and India targets to export military equipment worth US $5 billion (Rs 35,000 crore) in the next five years

Stocks to watch: IDFC First Bank, Wipro, Infosys, Adani Green, BHEL

Adani Green has approved raising up to $750 million via bond sales overseas

Bull Spread strategy on M&M Financial by Nandish Shah of HDFC Securities

Short term trend of the stock has turned positive as it closed above its 10-and 20-day EMA