Page 142 - Share Market

NSE retains largest derivative exchange tag for the fifth consecutive year

The exchange ranked third in the world in the equ­ity segment by num­ber of trades in 2023

Higher valuations the only spoiler for equities this year: Kenneth Andrade

Andrade says apart from valuations, the risks could emerge on the geopolitical front

Institutional buyers put in bids worth Rs 6,000 cr for NHPC share sale

The government's 3.5 per cent share sale offer in NHPC on Thursday received an enthusiastic response from institutional investors, who put in bids worth over Rs 6,000 crore. In the two-day offer for sale (OFS), the government is selling over 35 crore equity shares in power producer NHPC, including a greenshoe option to sell 10 crore more, at a floor price of Rs 66 a share. At the floor price of Rs 66/share, the OFS would fetch about Rs 2,000 crore to the exchequer. The OFS would open for retail investors on Friday. "Offer for Sale in NHPC received enthusiastic response from non-retail investors today. The issue was subscribed 4.03 times of the base size (non-retail category). Govt has decided to exercise the green shoe option," the Department of Investment and Public Asset Management (DIPAM) Secretary said in a post on X. Institutional investors put in bids for 91.16 crore shares at an indicative price of Rs 68.50 a piece. The bids are worth Rs 6,000 crore cumulatively. Shares of

Market analysts expect 'quality, growth' stocks to make comeback in 2024

Value investing expected to lag after close to three years of outperformance

Angel One shares tank after weak Q3; Jio Financial down nearly 7%

Shares of Jio Financial Services Ltd On the NSE, declined 6.48 % to Rs 249.45 per share.The company's market valuation eroded by Rs 11,372.38 crore to Rs 1,58,133.24 crore.In volume terms

Mutual funds' growing heft

Maintaining the confidence shown by investors is crucial, as a single bad episode could spoil the party

Driven by market rally, Rupee rises 6 paise to reach 82.89 against dollar

The rupee strengthened for the ninth consecutive session to settle with a gain of 6 paise to 82.89 (provisional) against the US dollar on Monday, driven by a rally in the domestic equity markets. At the interbank foreign exchange, the local currency opened at 82.82 and traded between 82.77 and 82.91 against the greenback during intra-day deals. The unit finally settled at 82.89 (provisional) against the dollar, registering a gain of 6 paise over its previous close amid a bullish trend in domestic equities, wherein benchmark indices climbed to lifetime highs. On Friday, the rupee settled with a gain of 6 paise to 82.95 against the US dollar. In the last nine trading sessions, the local unit added 48 paise since the level of 83.32 against the dollar recorded on January 2. Meanwhile, WPI rose 0.73 per cent year-on-year in December 2023 against 0.26 per cent in the previous month, but lower than the forecast of 0.9 per cent. According to official data, the wholesale price index ...

Sensex soars 850 pts, Nifty vaults 250 pts: What's behind Friday's rally?

The Sensex hit a record high at 72,721, while the Nifty registered a new peak at 21,928 in trades on Friday led by frenzied buying in IT shares.

Jyoti CNC Automation IPO booked 38.5x on last day of subscription

Sebi warns Fortis for delaying disclosures about lawsuit in US

Polycab India's stock sees 21% rout on allegations of tax evasion

Company refutes allegations; stock may underperform in near term

US-based Capital Group sells Polycab India's shares worth Rs 337 crore

Financial Services company Capital Group on Thursday sold shares of electrical goods company Polycab India for Rs 337 crore through an open market transaction. US-based Capital Group through its affiliate SmallCap World Fund Inc offloaded shares of Polycab India on the National Stock Exchange (NSE). According to the bulk deal data with the NSE, SmallCap World Fund Inc disposed of 8,51,003 shares of Polycab India. The shares were offloaded at an average price of Rs 3,955.87 apiece, taking the deal value to Rs 336.64 crore. Details of the buyers could not be ascertained. On Thursday, the scrip of Polycab India nosedived 20.50 per cent to close at Rs 3,904.70 per piece on the NSE.

An antidote to bear market pessimism

The author of The Joy of Compounding has come up with another essential reading for all investors keen to master a strategy for navigating through severe bear markets

Nykaa sees sharp upswing on robust performance in the third quarter

Overall at the consolidated level, Nykaa expects overall NSV to grow at a mid-20s percentage rate and revenue to grow at a low-20s percentage rate on YoY basis in 3QFY24

Results preview: Nifty 50 earnings likely to enter slow lane in Q3

Brokerages have cut benchmark index's forward earnings estimates

Equity euphoria triggered 15 million SIP additions last year, shows data

Elevated MF returns, preference for SIPs led to net additions of 15 mn accounts

Shares of Sula Vineyards soars 20% extending two day gains to 33.6%

Maharashtra accounts for about half of Sula's revenues and close to 60 per cent of its operating profit

Mutual Fund assets go past Rs 50 trillion; SIP-tied AUM hits Rs 10 trn

The record AUM growth in 2023 was underpinned by a sharp rally in the equity market

Amid bull run, mutual fund assets soared 22% in December quarter

Data from the Association of Mutual Funds in India shows that the industry's average AUM for Q4CY23 was Rs 49.2 trillion, up from Rs 40.3 trillion in the same period of CY22

Street signs: Nifty to see sell-on-rise pattern, Jyoti CNC GMP at 23%, more

The grey market premium (GMP) of Jyoti CNC, whose initial public offering (IPO) is opening on Tuesday, is at 23 per cent above its issue price

New demat additions jump 29% in 2023 amid rally in markets, shows data

Brokers are cautiously optimistic about the outlook. At the same time, some feel the earnings momentum will sustain the gains made in 2023