Page 143 - Stock Market

Gemini Edibles, Data Patterns, 8 other firms get Sebi nod to float IPOs

As many as 10 companies, including Gemini Edibles & Fats India, defense supplier Data Patterns (India) Ltd, and digital mapping company MapMyIndia have received markets regulator Sebi's go-ahead to raise funds through IPOs. The other firms that received the approval to float the initial public offerings (IPOs) are -- AGS Transact Technologies, Electronics Mart India, India1 Payments, Healthium Medtech, VLCC Health Care, Metro Brands, and Godavari Biorefineries. These 10 companies, which filed their preliminary IPO papers with Sebi between August and September, obtained observations letter from the regulator during November 22-26, an update with the markets watchdog showed on Monday. In Sebi parlance, the issuance of an observations letter implies its go-ahead for the IPO. Going by the draft papers, edible oil company Gemini Edibles & Fats India is looking to raise Rs 2,500 crore through its IPO, which is entirely an offer for sale (OFS) by the company's promoter and existing

Brokerages are betting on pharma stocks with India focus: Analysts

While domestic growth is pegged at double digits, recovery in the US may take a couple of quarters

Move money that you might require over next three years out of equities

But avoid becoming excessively conservative as only equities have the ability to produce inflation-beating returns over long term

How are India's equity markets expected to perform in December?

Benchmark stock indices seem poised to log their first monthly loss in eight months in November. Will the correction continue in December? Or will the indices bounce back? Find out what to expect

Macro data, Omicron updates to drive stock markets this week: Analysts

A World Health Organisation panel has named the new COVID strain 'Omicron' and classified it as a highly transmissible variant of concern, the same category that includes the Delta variant

Tega Industries sets IPO price band at Rs 443-453 per share

Tega Industries, manufacturer of consumables for the mining industry, on Friday said it has fixed a price band of Rs 443-453 a share for its Rs 619-crore initial share-sale.

Paytm wild ride continues as stock sinks again ahead of earnings

Paytm said its gross merchandise value climbed 131% on-year to 832 billion rupees in October in the critical period ahead of the Diwali holiday

Best of BS Opinion: India's health check, time for caution, and more

Here are the best of BS Opinion pieces of the day

6% rally in Reliance Industries stock powers gains for Sensex and Nifty

Shares of Reliance Industries Limited were in heavy demand on Thursday as it jumped over 6 per cent, helping market benchmarks close with huge gains. The market heavyweight stock jumped 6.10 per cent to close at Rs 2,494.40 on BSE. During the day, it zoomed 6.46 per cent to Rs 2,502.80. On NSE, it gained 6.36 per cent to close at Rs 2,501. It was the biggest gainer on both the benchmark indices. In volume terms, 4.77 lakh shares were traded on BSE and over 1.95 crore on NSE. The BSE 30-share benchmark index jumped 454.10 points or 0.78 per cent to close at 58,795.09, helped by rally in Reliance Industries shares.

Sensex gains 454pts, Nifty reclaims 17,500; RIL up 6%, ITC, Infy end firm

Latent View Analytics was locked at the 20 per cent upper circuit for the second straight day. The stock has now zoomed 257 per cent from its issue price in just three trading sessions

Nippon India MF bets big on riskier company bonds as economy recovers

Many companies have used the pandemic stimulus to clean up their balance sheets. "This is giving us the comfort to invest in quality non-AAA papers," said Amit Tripathi of Nippon India MF

History repeats in Paytm IPO flop

We don't know whether Paytm will mark the top of the current bull market but it certainly does embody all the elements that mark excess, writes Debashis Basu

Best of BS Opinion: The big shocks, a Pyrrhic victory for protesters & more

Here is the best of Business Standard's opinion pieces for Monday

Making money from leveraged bets on initial offers is difficult

Pricing, oversubscription level, and listing-day gains must all be right for you to make a quick buck

Sapphire Foods sees muted debut, ends day with 3% gains over issue price

The firm's IPO had garnered nearly 7x subscription. Sapphire Foods is the largest YUM franchisee operator and runs KFC, Pizza Hut and Taco Bell restaurant chain

After pumping in $9 bn, FPIs in retreat mode on valuation concerns

Since October, overseas investors have yanked out close to $2.6 bn

Wall Street opening slightly higher; Hardware chain Home Depot up 4%

Stocks are opening slightly higher on Wall Street Tuesday led by gains in the consumer discretionary sector. Home Depot is leading the S&P 500 gainers after the hardware chain's sales continued to surge last quarter in a hot housing market. New data also showed Americans sharply boosted their spending last month, pushing up retail sales and giving the economy a lift. The S&P 500 and the Dow Jones Industrial Average are up 0.3% in early trading, and the Nasdaq composite rose 0.2%. Global stock markets are mixed after President Joe Biden and China's Xi Jinping held a summit meeting by video link. Tokyo, Hong Kong and Frankfurt advanced, while Shanghai declined. London and Wall Street futures were little-changed. Biden and Xi announced no agreements after their meeting but said their governments need to tread carefully amid tension over trade, Taiwan and other irritants. Biden told Xi their goal should be to ensure competition does not veer into conflict. Xi said he was ready to .

Sebi's SCORES platform disposed of 3,676 complaints in October

As many as 3,676 complaints, received through web-based centralised grievance redressal system, SCORES, have been disposed of against listed entities or market intermediaries in October

Booming stock market and ailing economy

It is very good that the public authorities are interested in economic growth but the approach needs to change

Investors prep for biggest week in over a decade for Indian IPO debuts

A rallying stock market helped spur multiple technology unicorns to list in India this since January, with proceeds raised in new-share sales at over $12 billion, already a record for a full-year.