Page 591 - Markets

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

Indices snap 4-day losing run; Sensex up 166 pts; small-caps outperform

Sectorally, the Nifty Pharma index was the top gainer, up 0.6 per cent, followed by the Nifty Bank index, up 0.4 per cent

Nucleus Software rallies 30% in 4 days; stock hits all-time high

The company said that FinnOne Neo will power the consumer finance business of Tien Phong Commercial Joint Stock Bank (TPBank), one of the leading banks in Vietnam

IOB surpasses PNB, BoB to become the second most-valued listed PSB

In the past one month, the stock price of IOB has zoomed 57 per cent as compared a 4 per cent decline recorded by PNB and a 5 per cent gain in BOB share price

Alicon Castalloy zooms 30% in 2 days as MFs pick stake via QIP issue

As per the shareholding pattern for the period ended June 30, 2021, filed by the company, mutual funds acquired 1.48 million shares, or 9.51 per cent stake, in Alicon Castalloy

India Pesticides likely to list at 15-19% premium, hints grey market trends

Analysts say the company's strong fundamentals, reasonable valuations and sectoral position are among factors that are likely to help the company debut on a positive note

Route Mobile surges 10% on acquisition of email technology biz from Sarv

Route Mobile signed definitive agreements to acquire the artificial intelligence-driven email communication platform, Sendclean, from Sarv Webs Private Limited ("Sarv")

LG Electronics set to post strong Q2 earnings on home appliance biz

LG Electronics is likely to report strong second-quarter earnings, analysts said on Friday, as its mainstay home appliance business continued to rack up solid results

Aurobindo Pharma to transfer biz in Unit-4 to arm Eugia Pharma; stock up 4%

The company said the transfer of the business undertaking will be done for a lumpsum consideration of Rs 876 crore

Stocks to watch: Hero Moto, NMDC, Coal India, Srei Infra Fin, TCS, Coforge

Motorcycle maker Royal Enfield, part of Eicher Motors, said its total sales increased 13 per cent YoY to 43,048 units in June

Bull spread strategy on Deepak Nitrite by Nandish Shah of HDFC Securities

The stock price has broken out on the daily chart where it has closed at highest levels since May 06, 2021 with higher volumes

3 stock ideas by Osho Krishan of Anand Rathi: Buy Havells, Ipca Labs

Motherson Sumi's stock has seen some buying interest in the past trading sessions and settled well above all its major moving averages on the daily time frame

Market Ahead Podcast, July 2: Top factors that could guide markets today

Bank stocks are likely to be in focus after RBI's Financial Stability Report said the gross non-performing assets ratio of banks may rise to 9.8 per cent by March 2022

Sensex falls 164 pts; Vodafone Idea tumbles 9%, Happiest Minds soars 17%

Despite an overall slowed down momentum in the markets, investors rewarded auto stocks as the June sales figures showed healthy year-on-year recovery

European stock markets reach for records as second half starts strong

Early 1% gains in London, Frankfurt, Paris and Milan meant the pan-European STOXX 600 was close to joining Wall Street back at record highs.

Shree Renuka Sugars becomes the most valuable sugar co; up 326% in 3 months

Shree Renuka Sugars, with an m-cap of Rs 8,791 crore at 01:50 pm, surpassed Balrampur Chini Mills and EID Parry (India)

Happiest Minds hits new high, rallies 103% so far in current fiscal

A combined 11.57 million equity shares of the company had changed hands on the NSE and BSE at the time of writing this report

Power Mech zooms 33% in 4 days after order win from Central Coalfield

Non-power sector is the key for charting the company's growth in view of huge investments planned as part of National Infrastructure Pipeline (NIP) worth Rs 111 trillion in the next 5 to 6 years