Page 62 - Stock Market

Festive season may not light up portfolios, but here's where you can invest

With festive season approaching, sectors like automobiles, FMCG, and electronics usually see a sales boost

Here's why Sensex fell 1,000 pts, Nifty slipped below 24,900 intraday today

The index heavyweights that pulled the BSE Sensex down in terms of contribution to the index included SBI, Reliance Industries, HCL Tech, ICICI BANK, Larsen & Toubro, and Infosys fell up to 1 per cent

SC junks plea over impact of exit polls on investors during LS elections

The Supreme Court bench, comprising Chief Justice of India DY Chandrachud and Justices JB Pardiwala and Manoj Misra, described the PIL as a 'political interest litigation'

Travel agency Easy Trip Planners to make electric buses; shares jump 14%

This move aligns with our growth plans to expand the non-air business and will help us establish a strong foothold in the growing EV and eMobility sector, said Rikant Pittie, EaseMyTrip's co-founder

Why are Nvidia shares falling?

Over the past few weeks, Nvidia shares have been in freefall, with a staggering 9.5% drop that erased nearly $279 billion in value. That’s right—$279 billion!

Natco Pharma stock rises 3% after subsidiary invests $8 mn in biotech firm

Natco Pharma share price rose after the company on Wednesday announced that its wholly owned Canadian subsidiary, NATCO Pharma Inc, has made an investment of $8 million in eGenesis

KIMS shares hit lifetime high on ex-date announcement for 1:5 stock split

KIMS share price zoomed after the hospital chain on Tuesday announced that it has set September 13, 2024, as the record date for its 5-for-1 stock split

Marathon run: Nifty extends record-breaking winning streak to 13 sessions

Foreign investors bought shares worth Rs 1,735 crore, while domestic institutions too were buyers to the tune of Rs 356 crore

Market regulator Sebi keeps JSW Cement's Rs 4,000 cr IPO in 'abeyance'

Without specifying reasons, Sebi stated that the "issuance of observations (has been) kept in abeyance," according to an update on its website on Monday

Investors subscribe Gala Precision IPO 10.83 times offer size, shows data

The initial public offer of Gala Precision Engineering got fully subscribed within minutes of opening for bidding on Monday. The initial share sale received bids for 47,77,444 shares against 22,23,830 shares on offer, reflecting 2.15 times subscription, as per NSE data till 11:21 hours. The portion for Retail Individual Investors (RIIs) garnered 3.15 times subscription while the quota for non institutional investors got subscribed 2.54 times. The initial share sale will conclude on September 4. Gala Precision Engineering Ltd has fixed a price band of Rs 503-529 per share for its Rs 168-crore initial public offering (IPO). The IPO is a combination of a fresh issue of 25.58 lakh equity shares worth Rs 135.34 crore and an offer for sale (OFS) of 6.16 lakh equity shares valued at Rs 32.58 crore by promoter group entities and individual shareholders. This aggregates the transaction size to Rs 168 crore at the upper end of the price band of Rs 529. Proceeds from the fresh issue will be

UBS Group AG sells shares of 7 companies worth Rs 4,961 crore

Swiss financial services company UBS Group AG on Friday sold shares of seven companies, including Oil India and Dixon Technologies (India), for Rs 4,961 crore via open market transactions. Zurich-based UBS Group AG through its affiliate UBS Principal Capital Asia offloaded shares of seven companies through separate bulk deals on the National Stock Exchange (NSE). According to the bulk deal data available on the NSE, UBS Principal Capital Asia offlloaded shares of Oil India worth Rs 972 crore, sold shares of Dixon Technologies India for Rs 904 crore, disposed of shares of Rail Vikas Nigam Ltd for Rs 797 crore. UBS Principal Capital Asia also sold shares of Zydus Lifesciences for Rs 756 crore, disposed of scrips of Vodafone Idea, Oracle Financial Services Software and Prestige Estates Projects for a combined value of Rs 1,531 crore on the NSE. Meanwhile, Copthall Mauritius Investment offloaded 20.92 lakh shares of Prestige Estate for Rs 378 crore. UBS Principal Capital Asia picked u

Baazar Style Retail IPO receives 72% subscription on day 1 of offer

The initial public offer of Rekha Jhunjhunwala-backed value fashion retailer Baazar Style Retail received 72 per cent subscription on the first day of bidding on Friday. The initial share sale got bids for 1,08,18,182 shares against 1,50,30,116 shares on offer, as per NSE data. The quota for Retail Individual Investors (RIIs) fetched 82 per cent subscription while the category for Qualified Institutional Buyers (QIBs) got subscribed 70 per cent. The portion for non-institutional investors garnered 47 per cent subscription. Baazar Style Retail Ltd on Thursday said it has collected Rs 250 crore from anchor investors. The Rs 835-crore initial public offering (IPO) will conclude on September 3. The price band has been fixed at Rs 370-389 per share. The IPO is a combination of a fresh issue of equity shares worth Rs 148 crore and an offer for sale (OFS) of up to 1.76 crore valued at Rs 687 crore (at the upper end of the price band) by promoter group entities and other selling ...

Max Estates launches QIP, plans to raise Rs 800 cr for business growth

Realty firm Max Estates plans to raise Rs 800 crore by selling equity shares to institutional investors for the growth of business. In a regulatory filing on Thursday, Max Estates informed that an Investment and Finance Committee of the board approved launch of Qualified Institutional Placement (QIP) issue. The panel also approved the floor price for the issue at Rs 628.74 per equity share. According to sources, all major domestic mutual fund companies have participated in the QIP issue. The company would utilise the fund to acquire land in Delhi-NCR, they added. According to the notice of the 8th Annual General Meeting (AGM) of the members of Max Estates Ltd, the company plans to raise up to Rs 800 crore. "The company anticipates certain growth opportunities in its existing line of business," Max Estates said. The company said it continues to evaluate various growth avenues, including land acquisition. Max Estates proposed to raise funds aggregating up to and not exceeding Rs

US futures rise, inflation data in spotlight as Fed's Sept meeting nears

Economists polled by Reuters forecast a marginal rise to 2.6% on an annual basis, from the previous month's 2.5%

Pricing weakness likely to weigh on Indian steel companies stocks

In Q1FY25, Tata Steel and JSW Steel posted flat operating profit margins as higher volumes and lower input prices compensated for low steel prices

Market buoyancy significantly boosts success rate of firms launching IPOs

The IPO filing-to-approval lapsing ratio this year is the best in three years, underscoring the improvement in the IPO market's buoyancy

Reliance shares rally 2% on 1:1 bonus issue announcement ahead of AGM today

The AGM of Mukesh Ambani-owned RIL will begin today at 2 PM IST. Analysts anticipate a range of significant announcements at the 47th RIL AGM

Nifty records fresh high after longest winning streak in four years

The index rose to 25,130 intraday before giving up some of the gains to end the session at 25,052, with a gain of 35 points, or 0.14 per cent, its longest winning streak since September-October 2020

SME stock hits 12th straight upper circuit; up 4x over IPO price in 12 days

Shares of Afcom Holdings were locked in 10-per cent upper circuit for the 12th straight trading day, at Rs 444.40 on the BSE in Wednesday's intraday trade. The stock had surged 99% on its listing day.

Rupee falls 2 paise to 83.95 against US dollar in early trade today

Rupee depreciated 2 paise to 83.95 against the US dollar in morning trade on Wednesday, weighed down by a muted trend in domestic equities. Forex traders said from a macroeconomic standpoint, the rupee's downside appears well-contained, with the 84-level acting as a crucial support, likely bolstered by expected RBI intervention to prevent further depreciation. At the interbank foreign exchange market, the local unit opened at 83.94, then lost further ground and touched 83.95, registering a loss of 2 paise from its previous close. On Tuesday, the rupee depreciated by 6 paise to close at 83.93 against the American currency. According to CR Forex Advisors MD Amit Pabari the Reserve Bank's interventions not only seem to limit the rupee's downside but also cap its appreciation. "This was evident earlier in the week when, despite significant dollar weakness, the rupee remained steady, unlike other emerging market currencies that experienced notable gains," Pabari said. The rupee is exp