Page 589 - Markets

Top headlines: Bourses to pay for tech glitches; Zomato IPO gets Sebi nod

Awaiting bail for eternity, rights activist Stan Swamy passes away, Centre tells HC twitter no longer enjoys immunity from prosecution. Business Standard brings you the top headlines of the day

Market Wrap Podcast, July 5: Here's all that happened in the markets today

Besides Nomura, other research and broking houses, such as HSBC, Jefferies and Motilal Oswal Securities, have also cautioned against the rich valuation of Indian equities

Exchange traded funds gaining traction; NSE witnesses 100th listing

Exchange traded funds (ETFs) are getting a lot of attention from investors, with the leading stock exchange NSE witnessing listing of 100th such instruments.

BSE Smallcap index hits new high; six stocks rally over 100% in one month

HFCL, OnMobile Global, Zuari Agro, Grauer & Weil, Jindal Worldwide, Apex Frozen, Accelya Solutions, Newgen Software and KRBL rallied between 11% and 20% in the intra-day trade today

Sensex zooms 395 pts amid buying in realty, bank stocks; Nifty above 15,800

Sectorally, all, except the IT and Pharma indices, ended in the green. Of these, the Nifty Realty index was the top gainer, up nearly 3 per cent.

Market valuation too demanding; divestment target may not be met: Nomura

Valuation of Indian stock market at 22.5 times fiscal 2021-22 (FY22) earnings is too demanding, said analysts at Nomura

Apex Frozen Foods hits 20% upper circuit, rises 46% in a week post Q4 nos

Apex Frozen Foods' Q4FY21 sales volume grew by around 30 per cent YoY on the back of easing of the transport situation

India Pesticides makes strong debut, lists at 22% premium over issue price

The stock listed at Rs 360, a 22 per cent premium over its issue price of Rs 296 on the BSE

CSB Bank gains 7%, hits record high post June quarter business update

CSB Bank reported a 3.5 per cent QoQ decline in gross advances to Rs 14,146 crore

Covid norm violations: Lajpat Nagar market closed till further orders

The Delhi government has ordered the closure of the popular Lajpat Nagar market in south Delhi till further orders and the Rui Mandi in Sadar Bazar till July 6 for violation of Covid norms

KIMS Hospitals lists at 22 per cent premium over issue price

At 10:06 am, the stock was trading at Rs 1,003, after hitting a low of Rs 990 on the NSE and BSE

Dodla Dairy, KIMS: Short-term investors should book profit, say analysts

For those who didn't get the IPO allotment, analysts say the business model, industry outlook, management acumen and valuations of these companies should be kept in mind before investing

HFCL's m-cap crosses Rs 10,000 crore mark; stock zooms 86% in a month

5G technology is the next big upgrade for telecommunication networks and HFCL is gearing up to offer various products, solutions and services for this segment

Panacea Biotec surges 9% on DCGI's nod to produce Sputnik V vaccine

Sputnik V was registered in India under the emergency use authorization procedure on April 12, 2021 and vaccination against Covid-19 with the Russian vaccine started on May 14, 2021

Info Edge gains 5% as Zomato gets Sebi approval for IPO

Info Edge to sell shares worth Rs 375 crore in Zomato IPO

Stocks to watch: India Pesticides, HDFC, Avenue Supermarts, HCL Tech, ONGC

Commercial vehicle major Ashok Leyland on Friday said it has appointed former Aston Martin chief Andy Palmer as Executive Vice Chairman and CEO of its electric vehicle arm Switch Mobility

Vaishali Parekh is bullish on Tata Chemicals, Snowman Logistics. Check why

With the RSI well-placed and indicating a trend reversal to signal a buy, Tata Chemicals' stock is expected to rise further in the coming days

Sebi slaps over Rs 32 crore penalties on IISL, AFSL, 3 individuals

Sebi has imposed penalties totalling more than Rs 32 crore on IL&FS Securities Services Ltd (ISSL), Allied Financial Services Pvt Ltd (AFSPL) and three individuals for lapses in connection with alleged fraudulent transfer of mutual fund units of three companies. Besides, the watchdog has passed various directions against them. The regulator has passed two separate orders, dated July 2, against ISSL, and AFSPL and its three directors after it carried out a detailed investigation into the matter for the period from February 20, 2017 till February 8, 2019. ISSL is a clearing member while AFSPL is a depository participant. While imposing a fine of Rs 26 crore on ISSL, a clearing member, and also passing certain directions, Sebi noted that its order would be subject to any order passed by the Supreme Court. Also, enforcement of the liability and the order would be subject to the orders of the National Company Law Tribunal and the National Company Law Appellate Tribunal (NCLAT). These

Delhi Covid-19 unlock: Markets, malls permitted to operate from today

The Delhi Disaster Management Authority (DDMA) permits the opening of all markets, market complexes and malls from 10 am to 8 pm from Saturday

Chris Wood launches India-dedicated equity portfolio with 16 stocks

The portfolio includes marquee stocks such as ICICI Bank, HDFC, Bajaj Finance, and Reliance Industries