Share price of New India Assurance Company hit a 52-week high of ₹229.30, surging 17 per cent on the BSE on the back of six-fold jump in trading volume.
On Wednesday, IFCI quoted at its highest level since January 2008 and hit a record high of ₹121.20 on December 17, 2007.
The NSE auction absorbed a record $4.2 billion in MSCI-linked trades, but sharp price swings persisted, highlighting concerns over thin liquidity and the lack of market makers
State Bank of India (SBI) and its subsidiary SBI Capital Markets Ltd together plan to dilute up to 1 per cent stake in the National Stock Exchange (NSE) through the exchange's proposed Rs 30,000-crore initial public offering (IPO). The bank is participating in the NSE IPO and will dilute a 0.65 per cent stake in the exchange, SBI Chairman C S Setty told PTI in an interview. "We are participating in that divestment. We propose to divest 0.65 per cent and 0.35 per cent by SBI Capital Markets because both of us hold the stake. So together, about 1 per cent as a SBI group... it could be less depending on any other shareholders joining," he said. SBI currently holds a 3.23 per cent stake in the NSE, while SBI Capital Markets owns 4.33 per cent in the country's largest stock exchange. He clarified that there is no the monetisation plan for other subsidiaries in the immediate future. Last month, SBI, along with its foreign partner Paris-headquartered Amundi, diluted around 10 per cent st
Tuhin Kanta Pandey says Sebi is close to approving NSE's IPO documents; regulator is also working on rationalising settlement, margin and risk-management provisions
According to Prime Database data, 21 IPOs are opening in August, up from 12 in July. This marks a sharp spike from the first half of the year.
The proposal was discussed with global investors during IPO roadshows and could pave the way for NSE shares to enter its benchmark indexes
At a $55 bn valuation, NSE's sale of 6% stake on offer could raise about ₹315 billion, surpassing the ₹278.7 billion raised by Hyundai Motor's Indian unit in 2024, the country's largest IPO to date
Dolat Capital initiated coverage of the National Stock Exchange with a 'sell' recommendation, citing regulatory headwinds and high valuations ahead of the bourse's planned IPO
Shares of Multi Commodity Exchange (MCX), driven by heavy trading volumes, gained nearly 4 per cent in intraday trade to touch ₹2,889 on the NSE on Tuesday.
The listing will see NSE join the BSE, and Multi Commodity Exchange of India (MCX), both of which are already publicly traded, bringing all three major exchange operators onto Dalal Street
Retail investors, said G Chokkalingam, founder and head of research at Equinomics Research, must look at company's valuation relative to listed peers, outlook for the sector before investing.
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Listing gains likely to strengthen balance sheets of general insurers
NSE IPO impact: Shares of LIC were quoting higher for the sixth straight trading day, rallying 15 per cent during the period.
Several institutional investors acquired NSE shares at fractions of a rupee, positioning them for substantial gains as the exchange prepares for what could be India's largest IPO
NSE's DRHP shows that the exchange's growth is increasingly driven by the rise in derivatives trading, particularly equity options
NSE's impending IPO is set to unlock value for a broad base of investors, including institutions like LIC, and market gurus such as Radhakishan Damani, Dolly Khanna and Raamdeo Agrawal, among others
In the past two trading days, IFCI's stock price corrected 16% from its 52-week high amid profit booking after the NSE filed the DRHP for its long-awaited IPO.