Page 56 - Stock Market

Market Close Highlights, Oct 23: Sensex sheds 139 pts, Nifty settles below 24,450; IT shares shine

Stock Market Today: Markets in India were likely headed for a flat-to-negative start indicated GIFT Nifty futures that were trading marginally behind Nifty futures' last close

Investors subscribe Waaree Energies' IPO 8.78 times offer size on day 2

The initial public offer of solar panel maker Waaree Energies Ltd received 8.78 times subscription on the day two of share sale on Tuesday. The Rs 4,321.44 crore initial share sale received bids for 18,51,56,208 shares against 2,10,79,384 shares on offer, as per NSE data. The portion for non-institutional investors fetched 24.30 times subscription, while the category for Retail Individual Investors (RIIs) got subscribed 6.36 times. Qualified Institutional Buyers (QIBs) received 1.73 times subscription. Waaree Energies on Friday said it has mobilised Rs 1,277 crore from anchor investors. The issue, with a price band of Rs 1,427 to Rs 1,503 per share, will conclude on October 23. The IPO is a combination of a fresh issue of equity shares aggregating to Rs 3,600 crore and an Offer-For-Sale (OFS) of 48 lakh equity shares worth Rs 721.44 crore, at the upper end of the price band, by a promoter and existing shareholders. This translates into a total size of Rs 4,321.44 crore. Under the

Market Close Highlights, Oct 22: Sensex crashes 930 pts, Nifty ends below 24,500; all sectors in red

Stock Market Today: Benchmark India equity indices were likely headed for a flat start with a slightly positive bias as indicated by GIFT Nifty futures at 7:10 AM

Market Close Highlights, Oct 21: Sensex, Nifty end in red after choppy session; HDFC Bank gains 2.6%

Stock Market Close Highlights, Oct 21: The BSE Sensex fell 73 points to end at 81,151; the Nifty50 shut shop below 24,800; the BSE MidCap and SmallCap indices fell up to 1.6 per cent

Market Highlights: Sensex snaps 3-day losing run, gains 218 pts; Axis Bank up 5%, Infosys down 4%

Stock Market Today: Indian stock markets were likely headed for a lower start on Friday, as indicated by GIFT Nifty futures, amid continued heavy selling by FIIs

India vs China: How leading brokerages are positioned across Asian equities

India stock market, China news: Indian equity markets, analysts said, are expensive relative to China, which offers a better risk-reward ratio and return potential in the short-to-medium term

BEML climbs 8% on Rs 866-cr deal to build two high-speed train sets

Under the project, BEML will design, manufacture and commission two high-speed train sets with a test speed of 280 kmph

Don't mistake recent pullback in equities for a bear market: Vinit Sambre

As India Inc prepares to unveil its financial performance for the September 2024 (Q2-FY25) quarter, market movement going ahead will likely depend primarily on earnings growth, said Vinit Sambre

How Pak Army 'coerced' five power companies to end contracts prematurely

Prime Minister Shehbaz Sharif's office stated that the companies had 'voluntarily agreed' to prioritise national interest over their business concerns

Wipro board to consider issuing bonus shares ahead of Sep quarter results

IT firm Wipro on Sunday said its board of directors will consider the issue of bonus shares at a meeting scheduled to be held on October 16-17, 2024. Wipro is set to announce its Q2 FY25 results on October 17, 2024. "The board of directors of the company will be considering a proposal for the issue of bonus shares, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules and regulations framed thereunder), the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, at its meeting scheduled to be held over October 16-17, 2024," a regulatory filing said. The Bengaluru-headquartered firm posted a 4.6 per cent year-on-year increase in its consolidated net profit in the June-ended quarter at Rs 3,003.2 crore. Its revenue declined 3.8 per cent to Rs 21,963.8 crore. Wipro CEO and MD Srini Pallia had said that the firm is "confident" in its ability to execute better on bookings and profitable growth in Q2,

Equity mutual funds log Rs 34,419 crore net inflows in September

Inflows into equity schemes positive for 43rd; MF industry AUM tops Rs 68 trn

Varun Beverages to raise Rs 7,500 cr through QIP to fund expansion plans

Varun Beverages, the leading bottler of beverage major PepsiCo, has plans to raise Rs 7,500 crore from the market through Qualified Institutional Placement (QIP) route to fund its growth plans. The board of the company in a meeting held on Wednesday approved the proposal for "raising of funds by way of issuance of equity shares for an aggregate amount not exceeding Rs 7,500 crore" through QIP, according to a regulatory filing by the company. The fund would be raised in "one or more tranches" and would be "subject to receipt of approval of equity shareholders of the company" through postal ballot, it added. The proceeds from this fundraise would be utilised in "making investments in subsidiaries, joint ventures or associates" or to "fund the growth of existing businesses including expanding product portfolio, entering into new territories and making strategic acquisitions". This will also help in "Pre-payment or repayment" of debts and in general corporate purposes, Varun Beverages

CCPA showcause notice won't impact activities, says Ola Electric

Won't impact operations or finance, says company after founder's social media spat with stand-up comedian

China reopens with a bang scaling highs but fails to lift Asia stocks

China's CSI300 blue-chip index surged 10 per cent in early trade to its highest level since July 2022, while Shanghai Composite Index jumped roughly same amount to its highest mark since December 2021

FPIs squeeze markets for a sixth day; Sensex ends 639 points lower

FPIs sold shares worth nearly Rs 8,300 crore, extending their month-to-date selling to almost Rs 40,000 crore

BSE 100 companies boost R&D spending, but innovation challenges persist

R&D spend grows 152% in 5 years to Rs 63,072 crore in FY24

Higher e-auction share key for Coal India stock; 15% target boosts outlook

Given predictable demand and steady growth, if e-auction at 15 per cent is achieved, the outlook is positive

Stock Market Highlights, Oct 4: Sensex sheds 808pts; Nifty ends near 25,000; FMCG drags, IT shines

Share Market Highlights: The day ended in favor of bears as 37 out of 50 constituent stocks of Nifty50 ended in the red

'Work in progress': TotalEnergies CEO Pouyanne on plans for NY listing

The company's plan to turn its American depositary receipts into ordinary shares is "work in progress," Pouyanne said during the company's annual investor day in New York Wednesday

Stock brokers to offer UPI-based fund blocking or 3-in-1 account from Feb 1

Starting February 1, qualified stock brokers will have to either offer the facility of trading in the secondary market using the UPI-based block mechanism to their clients, similar to the ASBA facility, or a three-in-one trading account facility, a move that will empower investors. Qualified Stock Brokers (QSBs) must offer one of these two options, in addition to the current mode of trading. A three-in-one trading account combines a savings account, a demat account, and a trading account into a single integrated solution. In this case, the clients would have their funds in their bank account, earning interest on the cash balances. "This initiative will empower and benefit investors with enhanced security, improved transparency, interest earnings and ease of making payments at a time when UPI payments are witnessing significant growth," Rahul Jain, CFO, NTT DATA Payment Services India, said. Additionally, the move will improve fund management and further enhance investors' convenien