Page 71 - Stock Market

RVNL, Century Textiles, Uno Minda, HAL among six stocks to watch on June 06

Stocks to watch on June 06: State-owned Railway Vikas Nigam Limited (RVNL) received an order worth of around Rs 390 crore from the Indian Railways

Stocks to watch on June 06: Aimtron Electronics, BHEL, NBCC, Force Motors

Stocks to watch on June 06: Aimtron Electronics initial public offering (IPO) is set to list today on NSE SME

Sebi mulls raising threshold for basic service demat account to Rs 10 lakh

Capital markets regulator Sebi on Wednesday proposed to enhance the threshold for the basic service demat account (BSDA) to Rs 10 lakh from the current Rs 2 lakh in a bid to boost the participation of retail investors in the securities market. A basic service demat account, or BSDA, is a more basic version of a regular demat account. The facility was introduced by Sebi in 2012 for reducing the burden of demat charges on investors with small portfolios. At present, an individual can hold debt securities worth up to Rs 2 lakh and other than debt securities worth up to Rs 2 lakh in a single demat account to be eligible for BSDA. In order to further boost participation in the securities market and to facilitate ease of doing investments, the facility of BDSA has been comprehensively reviewed, Sebi said in its consultation paper. The regulator proposed that the value of securities held in the demat account should not exceed Rs 10 lakh for debt and other than debt securities combined at

Kronox Lab Sciences IPO gets 117.25 times subscription on last day of offer

The initial public offer of Kronox Lab Sciences garnered 117.25 times subscription on the closing day of bidding on Wednesday. The IPO received bids for 78,54,49,390 shares against 66,99,000 shares on offer, as per NSE data. The portion for non-institutional investors fetched a whopping 301.92 times subscription while the quota for Qualified Institutional Buyers (QIBs) got subscribed 89.03 times. The category for Retail Individual Investors (RIIs) received 54.23 times subscription. The Initial Public Offer (IPO) has an offer for sale of up to 95,70,000 equity shares. The price range for the offer is Rs 129-136 a share. Kronox Lab Sciences has raised Rs 39.04 crore from anchor investors. Pantomath Capital Advisors is the book-running lead manager to the offer. The company's equity shares are proposed to be listed on the BSE and NSE. Vadodara-based Kronox Lab Sciences is the manufacturer of high-purity speciality fine chemicals. Its high purity speciality fine chemicals portfolio

Sensex jumps 2,300 pts, Nifty above 22,600: Why markets rallied on June 5?

The recovery came after the ruling Bhartiya Janata Party (BJP) looked firm in securing support from its allies to form a coalition government

Explained: What is pump and dump scheme in stock market and how to be safe

The pump and dump schemes are operated through recommendations shared through Telegram and other social media channels, resulting in public shareholders purchasing the stock at an inflated price

Investors subscribe Kronox Lab Sciences IPO 24.57 times on 2nd day of offer

The initial public offer of Kronox Lab Sciences received 24.57 times subscription on the second day of bidding on Tuesday. The IPO got bids for 16,45,99,160 shares against 66,99,000 shares on offer, as per NSE data. The quota for non-institutional investors got subscribed 52.92 times while the category for Retail Individual Investors (RIIs) fetched 24.52 times subscription. The portion for Qualified Institutional Buyers (QIBs) received 3.39 times subscription. The Initial Public Offer (IPO) has an offer for sale of up to 95,70,000 equity shares. The price range for the IPO is Rs 129-136 a share. Kronox Lab Sciences has raised Rs 39.04 crore from anchor investors. Pantomath Capital Advisors is the manager to the offer. The company's equity shares are proposed to be listed on the BSE and NSE. Vadodara-based Kronox Lab Sciences is the manufacturer of high-purity speciality fine chemicals. Its high purity speciality fine chemicals portfolio has more than 185 products. The products a

BJP's coalition govt may not be 'reformist'; what it means for markets?

Going by the Lok Sabha election results trend, Analysts now believe that a coalition government for the BJP seems all the more probable

Investors lose Rs 39 trn as INDIA bloc's tally jumps above street estimates

As of 13:03 PM; NDA was leading on 292 seats and the INDIA Alliance was ahead on 233 seats, while others were on top of 18 seats

Mid, SmallCap indices fall up to 5% amid tough fight for BJP in LS polls

This came after investors resorted to profit booking while tracking early trends indicating a closer contest between the BJP-led NDA and INC-led INDIA Alliance, diverging from exit poll predictions

Investors subscribe Kronox Lab Sciences IPO 11 times on 1st day of offer

The initial public offer of Kronox Lab Sciences got subscribed 11.06 times on the first day of subscription on Monday. The IPO received bids for 7,40,66,630 shares against 66,99,000 shares on offer, as per NSE data. The category for non-institutional investors fetched 19.94 times subscription, while Retail Individual Investors (RIIs) part got subscribed 12.93 times. The quota for Qualified Institutional Buyers (QIBs) received 1.11 times subscription. The Initial Public Offer (IPO) has an offer-for-sale component of up to 95,70,000 equity shares. Its price range is Rs 129-136 a share. Kronox Lab Sciences has raised Rs 39.04 crore from anchor investors. Pantomath Capital Advisors is the book-running lead manager to the offer. The company's equity shares are proposed to be listed on the BSE and NSE. Vadodara-based Kronox Lab Sciences is the manufacturer of high-purity speciality fine chemicals. Its high purity speciality fine chemicals portfolio has more than 185 products. The pro

Investors gain Rs 12.48 trillion from sharp market rally in early trading

Investors' wealth jumped Rs 12.48 lakh crore in morning trade on Monday as the benchmark equity index Sensex hit its lifetime high after exit polls predicted a massive win for the BJP-led NDA in the Lok Sabha polls. The 30-share BSE Sensex jumped 2,777.58 points or 3.75 per cent to hit a record peak of 76,738.89 in early trade. Following the huge rally in equities, the market capitalisation of BSE-listed companies climbed Rs 12,48,952.68 crore to hit an all-time peak of Rs 4,24,61,833.82 crore (USD 5.10 trillion) during the morning trade. Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with the BJP-led NDA expected to win a big majority in the Lok Sabha polls. The counting of votes will take place on June 4. "The exit poll numbers are very strong for the incumbent government," Narendra Solanki, Head Fundamental Research - Investment Services, Anand Rathi Shares and Stock Brokers, said. Overall it's positive for the .

Equity futures jump as markets cheer likely third term for PM Modi

NIFTY 50 index futures were up about 2.6 per cent in early trade, according to NSE International Exchange data

LIC's Adani group portfolio value surges 51.6% at Rs 66,000 crore

LIC trimmed its stake in group flagship Adani Enterprises from 4.26 per cent to 3.93 per cent over the past year

LS poll result, RBI interest rate decision key events to watch this week

Trading in the equity market will largely depend on two major events this week - general elections result and the RBI interest rate decision - analysts said, adding that the benchmark indices may rally on Monday on exit polls' prediction of a massive win for the BJP-led NDA and strong GDP data. Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with the NDA expected to win a big majority in the polls. Counting of votes will take place on June 4. "All eyes are now on the most significant event of the past five years the outcome of the Lok Sabha elections, scheduled for Tuesday. Before that, market participants will react to the exit polls on Monday. "The market is approaching the event with caution, and the positive surprise from exit polls can lead to a rally as majority of the exit polls are giving 350+ seats to the NDA. Conversely, a negative surprise from actual results might trigger a knee-jerk reaction in the market,

Stocks, bonds set to gain as exit polls show landslide win for PM Modi

The polls suggest the Bharatiya Janata Party-led alliance will clinch substantially more seats than the 272 required for a majority in the 543-seat lower house of parliament

Top 100 firms must verify market rumours within 24 hrs starting today

The top 100 listed companies by market capitalization will have to confirm or deny any market rumour reported in the mainstream media from this Saturday. The rule will be applicable for top 250 companies from December 1. Under the Sebi's rule, these companies will have to 'confirm, deny, or clarify any reported event or information in the mainstream media that is not general in nature and that indicates that rumours of an impending specific material event' are circulating amongst the investing public within 24 hours from the reporting of the information. Sebi through its newly introduced rumour verification framework has excluded the price volatility in arriving at average market price for the purpose of corporate actions in a bid to make it fair for all investors at large. "The move would dissuade leaking of information that would affect the valuation in the given corporation action. This initiative of Sebi would help strengthen the rumour verification framework. It would help in

BSE acquires entire equity stake of S&P Dow Jones Indices in Asia Index

Leading stock exchange BSE Ltd on Friday said it has completed the acquisition of S&P Dow Jones Indices' entire equity stake in Asia Index Private Limited (AIPL), making it a wholly-owned subsidiary of the bourse. AIPL was a joint venture between S&P DJI and BSE and is best known for calculating and maintaining the popular index Sensex. In a statement, BSE said AIPL will continue to provide its services to clients who are subscribed to AIPL's indices or data products. "AIPL is committed to improving and expanding its product offerings by working closely with the financial market ecosystem and other relevant stakeholders," it added. In April, index provider S&P Dow Jones Indices announced that it was targeting to sell its entire equity stake in Asia Index by May 31.

Sebi slaps Rs 2.5 cr fine on TIL, former officials over 'fake' transactions

Markets regulator Sebi has imposed a penalty of Rs 2.5 crore on TIL Ltd and three former officials for indulging in fictitious purchase and sales leading to over-statement of sales and revenue for 2019-20 and 2020-21. The fine needs to be paid within 45 days, the Securities and Exchange Board of India (Sebi) said in its order. Individually, the regulator has levied a fine of Rs 1 crore each on TIL and Sumit Mazumder, who was the chairman and managing director at the time of the violation. He is also one of the promoters of the company. Besides, a penalty of Rs 25 lakh each has been imposed on then CEO Ramesh Aggarwal and former CFO Shibaditya Ghosh. In its order, Sebi noted that the modus operandi followed by TIL was that it had issued fictitious invoices in the past financial years, which were subsequently cancelled in the next financial years by the issuance of credit notes and re-invoiced on the same day without proper documents to increase the sales turnover or trade receivabl

Global investors lift India's derivative holdings to record $101 bn

Foreign funds' open interest, or the number of contracts outstanding in value terms, reached 8.4 trillion rupees ($101 billion) on the National Stock Exchange Tuesday