Page 566 - Markets
Sebi relaxes sweat equity norms for new-age technology cos
Markets regulator Sebi on Friday decided to provide relaxations on the quantum of sweat equity that can be issued by new-age technology companies listed on the Innovators Growth Platform. Sebi said the maximum yearly limit of sweat equity shares that can be issued by a company listed on the mainboard has been prescribed at 15 per cent of the existing paid-up equity share capital within the overall limit not exceeding 25 per cent of the paid-up capital at any time. In the case of the companies listed on Innovators Growth Platform (IGP), the yearly limit will be 15 per cent and the overall limit will be 50 per cent of the paid-up capital at any time, the regulator said in a press release after its board meeting. This enhanced overall limit for IGP will be applicable for 10 years from the date of the company's incorporation, it added. The board approved the merger of two separate regulations -- Sebi (Share Based Employee Benefits) Regulations, 2014, or SBEB, and Sebi (Issue Of Sweat .
 "Sebi relaxes sweat equity norms for new-age technology cos")
Market Wrap Podcast, August 6: All that happened in the markets today
Reliance Industries single-handedly knocked benchmark Sensex and Nifty off their all-time high levels
 "Market Wrap Podcast, August 6: All that happened in the markets today")
Sensex falls 215 pts post RBI policy; Nifty at 16,238; RIL sheds 2%
Stock market LIVE: The RBI pegged real GDP growth forecast for FY22 at 9.5 per cent and at 17.2 per cent for FY23.
 "Sensex falls 215 pts post RBI policy; Nifty at 16,238; RIL sheds 2%")
Policy normalisation process has already kicked off
Overall RBI monetary policy was on expected lines and the policy statement highlighted its commitment to do whatever it takes to ensure financial stability
 "Policy normalisation process has already kicked off")
Tata Chemicals rallies 10%, hits record high on strong Q1 results
With the business environment steadily improving, the company is well-positioned to grow across customer segments, the management said.
 "Tata Chemicals rallies 10%, hits record high on strong Q1 results")
Amazon vs Future Grp: Tech charts show 20% downside in Future Group stocks
Future Group stocks were locked in their respective lower circuit bands, triggering bearish moves in the counters
 "Amazon vs Future Grp: Tech charts show 20% downside in Future Group stocks")
Barbeque Nation Hospitality zooms 37% in 4 days after strong Q1 results
The company said it reported a strong recovery in sales at 86 per cent in July 2021 as compared to the same month of the previous year
 "Barbeque Nation Hospitality zooms 37% in 4 days after strong Q1 results")
Glenmark Life Sciences makes a quiet debut, lists 4% above issue price
Post listing, the stock moved higher to Rs 799.50, 11 per cent higher against issue price
 "Glenmark Life Sciences makes a quiet debut, lists 4% above issue price")
SC stalls Future Retail deal with Reliance; Group stocks tumble up to 16%
The apex court allowed the appeal filed by Amazon against a Delhi High Court order staying attachment of properties of Future Group companies
 "SC stalls Future Retail deal with Reliance; Group stocks tumble up to 16%")
Rate sensitive shares trade mixed after RBI keeps repo rate unchanged
At 11:38 am, the Nifty Bank, PSU Bank and Realty indices were trading in the red, while the Nifty Private Bank and Auto indices were trading marginally higher by up to 0.35 per cent on the NSE
 "Rate sensitive shares trade mixed after RBI keeps repo rate unchanged")
Stocks to watch: M&M, Glenmark Life Sciences, Cipla, Adani Power, Tata Chem
Stocks from the banking, real estate and auto sectors will be in focus amid the RBI policy outcome later today
 "Stocks to watch: M&M, Glenmark Life Sciences, Cipla, Adani Power, Tata Chem")
Three stock ideas by Osho Krishan of Anand Rathi: Buy Laurus Labs, Equitas
The stock of Laurus Labs is primarily in an uptrend and maintains the cycle of higher highs higher lows on all time frames
 "Three stock ideas by Osho Krishan of Anand Rathi: Buy Laurus Labs, Equitas")
Bull Spread strategy on JSW Steel by Nandish Shah of HDFC Securities
The stock price of JSW Steel has broken out on the daily line chart with higher volumes to close at all-time high levels
 "Bull Spread strategy on JSW Steel by Nandish Shah of HDFC Securities")
Market Ahead Podcast, August 6: Top factors that could guide markets today
The RBI policy decision is likely to set the tone for the session, with all eyes on the central bank's commentary on the growth outlook, inflation projection, and liquidity measures
 "Market Ahead Podcast, August 6: Top factors that could guide markets today")
Aditya Birla Capital reports highest ever quarterly net profit at Rs 302 cr
The company had posted a net profit of Rs 198 crore in the year-ago period.
 "Aditya Birla Capital reports highest ever quarterly net profit at Rs 302 cr")
Market Wrap Podcast, August 5: All that happened in the markets today
Airtel, ITC, Tech Mahindra and Tata Steel were the top index gainers and SBI, IndusInd Bank, Bajaj Finance and ICICI Bank were the top losers
 "Market Wrap Podcast, August 5: All that happened in the markets today")
S&P 500 should hit 4,700 by 2021-end, say Goldman Sachs analysts
It has posted six straight months of gains in 2021
 "S&P 500 should hit 4,700 by 2021-end, say Goldman Sachs analysts")
Earnings lift European stocks to all-time highs ahead of BoE decision
The pan-European STOXX 600 inched up 0.3%
Sensex adds 123 pts, Nifty tad below 16,300; Bharti Airtel jumps 4%, ITC 3%
The BSE MidCap added 0.10 per cent but the BSE SmallCap index slipped 0.43 per cent
 "Sensex adds 123 pts, Nifty tad below 16,300; Bharti Airtel jumps 4%, ITC 3%")
Stock of this textile company has zoomed 127% in a month
Shares of Sportking India were locked in the 5 per cent upper circuit for the ninth straight day, at Rs 4,501.95, on the BSE on Thursday
 "Stock of this textile company has zoomed 127% in a month")