Page 26 - Nse

NSE urges market regulator Sebi to take a 'fresh view' on much-delayed IPO

Exchange files its reply to Delhi HC on a writ petition on expediting its listing

'Domestic flows will sustain, but will not rise meaningfully from here'

The pockets of the market in which excess exuberance can be seen will undergo a reality check of earnings and valuations, said Gautam Sinha Roy of ICICI Pru Life Insurance

SME IPO opening price to be capped at 90% in pre-open on listing day: NSE

NSE price cap on SME IPO: The price control cap of 90 per cent shall be applicable only to the SME segment and not for Mainboard IPOs, NSE said

Vraj Iron and Steel's Rs 171 cr IPO subscribed 16.9 times on Day 2 of offer

The initial public offer of Vraj Iron and Steel got subscribed 16.90 times on the second day of bidding on Thursday. The Rs 171-crore initial share sale received bids for 10,37,65,824 shares against 61,38,462 shares on offer, as per NSE data. The quota for non-institutional investors received 32.51 times subscription while Retail Individual Investors (RIIs) portion got subscribed 19.35 times. The category for Qualified Institutional Buyers (QIBs) fetched 91 per cent subscription. Vraj Iron and Steel on Tuesday said it raised a little over Rs 51 crore from anchor investors. The IPO is entirely a fresh issue of equity shares with no offer-for-sale component. Shares will be available for public subscription in the range of Rs 195 to Rs 207 per scrip. The company will use the IPO proceeds for expansion projects at the Bilaspur facility in Chhattisgarh and general corporate purposes. Raipur-based Vraj Iron and Steel is into manufacturing sponge iron, MS (Mid Steel) billets, and TMT (

Dee Development Engineers IPO subscribed 8.99 times on Day 2 of offer

The initial public offer of piping solutions provider DEE Development Engineers got subscribed 8.99 times on the second day of subscription on Thursday. The Rs 418 crore initial share sale received bids for 13,42,84,887 shares against 1,49,44,944 shares on offer, as per NSE data. The portion for non-institutional investors got subscribed 21.71 times while the category for Retail Individual Investors received 8.41 times subscription. The Qualified Institutional Buyers (QIBs) part got subscribed 16 per cent. The Initial Public Offer (IPO) has a fresh issue of up to Rs 325 crore and an offer for sale of up to 45,82,000 equity shares. The price range for the offer is fixed at Rs 193-203 per share. Dee Development Engineers Ltd on Tuesday said it has mobilised a little over Rs 125 crore from anchor investors. Of the Rs 325 crore fresh issue proceeds, Rs 175 crore will be used for payment of debt, Rs 75 crore for funding working capital requirements, and the remaining Rs 75 crore will

Country's wealth will increase 1,000% in next 50 years: NSE MD Chauhan

National Stock Exchange Managing Director and CEO Ashishkumar Chauhan on Wednesday said he is confident that India's wealth will increase 1,000 per cent over the next 50 years, thanks to the young population and technological advancements. Speaking as the chief guest at the 23rd convocation ceremony of the Entrepreneurship Development Institute of India (EDII) near Ahmedabad on Wednesday evening, Chauhan admitted that India still has socio-economic challenges, such as poverty, illiteracy, poor housing, living conditions, lack of food, water, sanitation and insufficient healthcare. He then urged the passing-out students to be the "agent of change" and find innovative and cost effective solutions to bring change. "India is going to make huge progress on the back of a young population, rapid technological developments and its entrepreneurs over the next 50 years. India's wealth is going to increase 1,000 per cent, that is ten times, over the next 50 years," he said in his address. Wit

Small investors should avoid getting into derivatives: NSE MD & CEO

NSE's MD & CEO suggests proposed rules will prevent potential malpractices by ensuring that only sufficiently liquid companies are included in the F&O segment

Eid holiday: Are stock markets NSE & BSE open for trading on June 17?

Trading on the Indian stock market will resume on Tuesday, June 18, according to the BSE and NSE websites

Deepfake videos of the NSE chief misleading investors: What you must know

NSE employees are not authorised to recommend stocks or engage in stock dealings

SBI Cards & Payment Services Ltd up for third consecutive session

SBI Cards & Payment Services Ltd is quoting at Rs 718.25, up 2.07% on the day as on 12:49 IST on the NSE. The stock is down 21.52% in last one year as compared to a 24.64% jump in NIFTY and a 14.23% jump in the Nifty Financial Services index.

NSE breaks world record with 19.71 billion single-day orders: NSE CEO

NSE handled 280.55 million trades and 19.71 billion orders between 9:15 am and 3:30 pm on Wednesday

NSE Indices launches India's first EV index to facilitate ecosystem

NSE Indices Ltd, a subsidiary of the National Stock Exchange, on Thursday launched the EV and new-age automotive index to track the performance of companies which form a part of the EV ecosystem. This would be the country's first ever electric vehicle (EV) index. "The launch of the Nifty EV and new-age automotive index will facilitate creation of products which will create opportunity for asset managers to invest in the electric vehicle and new-age automotive market thereby providing an investment vehicle to investors," NSE Indices said in a statement. The government has always been at the forefront of framing policies related to EV adoption so that EVs with the latest technology can be manufactured in the country and attract investments by global EV manufacturers, thereby giving a boost to the Make in India initiative. The base date for the new thematic index is April 2, 2018, and the base value is 1,000. The index will be reconstituted semi-annually and rebalanced on a quarterly

Beware of stock investment-related calls from these two numbers, warns NSE

The NSE warned the investors against sharing their login credentials with any person claiming to be a member of any registered entity of the exchange

NSE's tick size reduction to boost trading volumes, say stock brokers

The stock exchange said that it will review the tick size on a monthly basis

NSE lowers tick size to 1 paisa: Over 1,300 stocks to be impacted

Analysts believe a lower tick size can bolster price discovery and market efficiency, rendering trading more appealing for both retail investors and traders.

Stock exchange BSE calls off merger of Gift City unit with rival NSE

Talks fall through over disagreements over the swap ratio

Awfis Space Solutions IPO subscribed 4.27 times on second day of offer

The initial public offer of co-working space operator Awfis Space Solutions received 4.27 times subscription on the second day of bidding on Thursday. The Rs 599 crore initial share sale received bids for 3,68,85,732 shares against 86,29,670 shares on offer, as per NSE data. The portion for Retail Individual Investors (RIIs) got subscribed 12.25 times, while the category for non-institutional investors fetched 6.81 times subscription. The quota for Qualified Institutional Buyers (QIBs) received 32 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 128 crore and an offer for sale of up to 1,22,95,699 equity shares. The price range for the offer is fixed at Rs 364-383 per share. The IPO of Awfis Space Solutions was fully subscribed on the first day of bidding on Wednesday. Awfis Space Solutions Ltd on Tuesday said it has mopped up a little over Rs 268 crore from anchor investors. Promoter Peak XV Partners Investments V (formerly known as SCI Invest

NSE listed companies' market capitalisation surpasses $5 trn mark

The market capitalisation of listed companies on the NSE surpassed USD 5 trillion (Rs 416.57 trillion) on Thursday on a day when the Nifty 50 index touched an all-time high of 22,993.60. The Nifty 500 index also touched an all-time high of 21,505.25 on Thursday indicating that growth in the equity market is not restricted to only the large capitalised stocks, a statement by NSE said. The journey of market capitalisation of listed companies from USD 2 trillion (July 2017) to USD 3 trillion (May 2021) took about 46 months, USD 3 trillion to USD 4 trillion (December 2023) took about 30 months and the latest USD 1 trillion addition took only about 6 months, the exchange said. The top five companies by market capitalisation on the exchange are Reliance Industries, Tata Consultancy Services, HDFC Bank, ICICI Bank and Bharti Airtel. Growth in market capitalisation is not restricted to the top companies but is observed across stocks, it added. The resource mobilisation by corporates, ...

BSE, NSE to suspend trading of Brightcom Group's stock from June 14

Leading stock exchanges BSE and NSE will suspend trading in Brightcom Group Ltd from June 14 after the firm failed to disclose the financial results for two consecutive quarters that ended in September and December 2023. In two separate circulars, the exchanges said Brightcom Group has not complied with Regulation 33 of Sebi's (Listing Obligations and Disclosure Requirements) norms that deals with submission of financial results for two consecutive quarters, i.e. September 30, 2023 and December 31, 2023. Hence, the trading in securities of Brightcom Group Ltd shall be suspended with effect from June 14, 2024, the exchanges added. The suspension will continue till such time the company complies with the norms. After 15 days of suspension, trading in the shares of non-compliant company would be allowed on a trade-for-trade basis in (Z category) on the first trading day of every week for six months. As per the BSE, freezing of the entire shareholding of the promoter in the non-complia

Financial markets prefer stability, predictability: FM Nirmala Sitharaman

Warns of unchecked explosion in F&O retail trades