Large secondary sales likely as FPIs reallocate portfolios to IPOs; sharp rise in dollar could see them pull out of India
A depreciating rupee and lacklustre global cues further weighed on sentiment, traders said
Cash pay-outs grew at 6.6% CAGR vs 13.2% for other firms over 10 yrs
It touched a high of Rs 368 and a low of Rs 340 with nearly Rs 980 crore worth of shares changing hands.
Under rules, the issuer company deposits 1 per cent of the issue amount of the securities offered to the public and/or to the holders of the existing securities of the company
… are far-reaching social changes coming with it?
Equity investors will focus on macroeconomic data, upcoming first quarter earnings season and global trends for direction this week, analysts said. "The domestic market will continue to track cues from the global markets in order to gain direction in movement. Reducing Covid cases and progress in vaccination will continue to pump optimism in the market," said Vinod Nair, Head of Research at Geojit Financial Services. Services PMI data to be released this week may influence the trading sentiment, he added. Nirali Shah, Head of Equity Research, Samco Securities said, "Large and mid-cap IT companies will remain in focus this week as Q1 FY22 result season commences in India." Tata Consultancy Services will kick off the first quarter earnings season as it will announce its earnings on Thursday. "Any disappointment on the earnings front could weaken the overall positive sentiments. However, we expect the earnings momentum to accelerate given the pickup in the pace of vaccination and the
Here are the best of Business Standard's opinion pieces for Saturday
(Reuters) - Amazon.com Inc plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday.
Sebi has put initial offer in abeyance due to pending inquiry against group firm
After a range-bound trading through the day, the BSE Sensex ended 166.07 points or 0.32 per cent higher at 52,484.67
Industry net sales have grown in double digits in just three of past 24 quarters
Avoid offerings that are too concentrated or have very high churn
The IPO is an offer for sale (OFS), and the company will not receive the proceeds of the offer. At the upper end of the price band, the IPO size works out to Rs 963 crore.
The 30-share BSE Sensex ended 164.11 points or 0.31 per cent lower at 52,318.60. Similarly, the broader NSE Nifty shed 41.50 points or 0.26 per cent to close at 15,680
A weakening rupee and the fiscal impact of the government's new stimulus measures also sapped risk appetite, traders said
Provide 6.6% returns in May; rebound comes after retreat in April as 2nd wave took hold
The move is part of Sebi's effort to improve the efficiency of the use of the margin capital by market participants, the regulator said in a circular
FDI in India is likely to pick up going ahead on the back of a strong rebound in growth, said Frederic Neumann, co-head of Asian economics research at HSBC
Says could lead to a downgrade in market classification