Page 74 - Stock Market

Stock Market Highlights, May 2: Sensex ends range-bound session 128 pts up, Nifty near 22,650

Stock Market Highlights on Thursday, May 2: Markets settled with positive bias a day after the US Fed kept interest rates unchanged

LS polls: India equity options pricing in a no-surprises election verdict

At this time in 2019, the implied volatility was 28 per cent-30 per cent, suggesting an investor had to pay much more to protect against an unexpected outcome -- a BJP loss -- that year

Netweb Tech locks in 5% upper circuit after profit shoots up 181% in Q4

This came after the company delivered a strong show in its January-March quarter results of financial year 2023-24 (Q4FY24) on Wednesday

Rising threshold for large, midcaps supports noise for tweak in methodology

Sebi has received a lot of feedback on tweaking the approach for the categorisation of stocks and soon the regulator could announce a new methodology

Markets slide after fresh record highs; Sensex ends 188 points lower

Investors are concerned that the Fed may stick to its hawkish messaging. Analysts expect Fed Chair Jerome Powell to bolster expectations about interest rates staying higher for longer

Racks & Rollers IPO to open on April 30; price band at Rs 73-78 per share

Storage racking system maker Racks & Rollers on Monday said its initial public offer will hit the capital markets on April 30 to raise around Rs 29.95 crore from public investors. The public issue will open for subscription on the BSE's SME platform on Tuesday and will close on May 3, the company said in a statement. The Bengaluru-based company, which is engaged in a storage racking system, with specialisation in design, manufacturing, installation services of metal storage racks, automated warehouses and other storage solutions has fixed the price band at Rs 73-78 per share. The initial public offering (IPO) is only a fresh issue of up to 38.40 lakh equity shares of Rs 10 each. At the upper end of the price band, the company will fetch up to Rs 29.95 crore. Investors can bid for a minimum of 1,600 equity shares and in multiples of 1,600 shares thereafter. Of the total net proceeds to be raised through the issue, Rs 27.50 crore will be used to meet working capital requirements and

NSE to sell digital tech services unit to Investcorp for $120 million

The 10-billion-rupees deal was in line with NSE's strategy to focus on its core business areas, said Ashish Kumar Chauhan, the company's managing director and CEO

Sebi comes out with directive on regulatory fee for BSE; stock tanks 19%

Leading stock exchange BSE is expected to shell out more regulatory fee after the markets watchdog Sebi asked the bourse to pay the fee based on the "notional value" of its options contracts rather than on the premium value. Also, the exchange has been asked to remit the differential payment for past years with interest. Initial data provided by BSE suggest an outgo of Rs 165 crore plus GST by the exchange. Reacting to the development, shares of BSE have slumped as much as 18.64 per cent to an intra-day low of Rs 2,612.0 on the NSE on Monday. Finally, the stock settled 13.31 per cent lower at Rs 2,783 on the NSE. There could be an increase in the BSE's regulatory fee payments to Sebi due to the significant variance between the notional and premium values. This discrepancy arises from the calculation method, which involves multiplying the contract size by the underlying price. Notional turnover represents the overall strike price of all contracts traded in derivatives, whereas premi

Stock Market News: Why BSE shares fell 19% in early morning trade

Shares of BSE took a nosedive, plummeting nearly 19% on the National Stock Exchange (NSE) during Monday's intra-day trading. This marked the steepest single-day fall since its debut in 2017. >

Asia shares rise as Fed rate interest decision looms large; yen crumbles

Oil prices ticked down on expectations that higher-for-longer US interest rates would dampen demand, while news of a potential Gaza ceasefire eased fears of supply constraints

Monetary policy expectations impact stocks more than rate moves: RBI paper

Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy by the Reserve Bank, said an analysis. According to a working paper prepared by RBI officials, the regulatory and development measures which are announced along with the monetary policy too impact the stock markets. "...equity markets are affected more by the changes in the market's expectations of future monetary policy (path factor) than the policy rate surprise (target factor) which is in agreement with the conventional thinking that equity markets are forward-looking," the paper said. The volatility in equity markets on the day of policy announcement, it said, "is affected by both target and path factors, as markets digest the policy announcements and traders adjust their portfolios throughout the day". RBI Working Paper on 'Equity Markets and Monetary Policy Surprises' is prepared by Mayank Gupta, Amit Pawar, Satyam Kumar, ...

Corporate earnings, Fed interest rate decision to drive markets: Analysts

Quarterly earnings from corporates, the US Fed interest rate decision and other global trends will be the major driving factors for determining movement in the domestic equity market in a holiday-shortened week ahead, analysts said. Besides, factors like trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also influence trading. Domestic equity markets would remain closed on Wednesday on account of Maharashtra Day. "Domestically, the next batch of Q4 earnings reports will drive stock-specific movements," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Monthly auto sales figures will be announced at the beginning of May, and the next phase of voting will be significant, he said. "On the global front, the outcome of the US Federal Open Market Committee (FOMC) meeting on May 1st will be important. Economic data releases from China and the US, along with movement in the global currency market, will also be the factors to

Indices snap 5-day winning run: Sensex ends over 600 points lower

The combined market capitalisation of all BSE-listed firms stood at Rs 404 trillion

BSE likely to shell out more as regulatory fee on options volume

The market regulator on Friday directed the exchange to pay regulatory fee on 'notional value' of annual turnover

Should you invest in Edelweiss MF Nifty Alpha Low Volatility 30 Index Fund?

This multi-factor index fund comprises 30 stocks chosen from the top 150 listed stocks

Bajaj Finance Q4 results: Consolidated net up 21% at Rs 3,825 crore

The board of directors of Bajaj Finance has recommended a dividend on equity shares at the rate of Rs 36 per share of face value of Rs two each for the financial year ended March 31, 2024

Nasdaq down over 2%, Dow falls 500 points on US GDP growth data

Meta plunged 14.7% after the Facebook-parent forecast higher expenses and lighter-than-expected revenue

Indian markets stand out for cheap bonds as JPMorgan index date nears

The stretched valuation has seen global asset managers trim their allocations to Indian stocks, pulling $1.1 billion so far in April

NSE launches derivative contracts on Nifty Next 50, gets positive response

National Stock Exchange (NSE) on Wednesday introduced derivative contracts on Nifty Next 50 index, which received a positive response from market participants. More than 375 trading members from across the country participated in the index derivatives, the National Stock Exchange (NSE) said in a statement. The first day witnessed 1,223 contracts traded worth Rs 78.16 crore in Futures and 1,724 contracts worth Rs 1.55 crore of premium turnover in Options, it added. The trading members involved in the execution of the initial trade include East India Securities Limited and Samco Securities Limited. The Nifty Next 50 index provides representation to large capitalisation stocks beyond the Nifty 50 index. The stocks part of the Nifty Next 50 are the potential contenders for being included in the coveted list of 50 stocks forming part of the Nifty 50 index subject to meeting the parameters specified in the index methodology. "The derivative product is unique considering the underlying

JNK India's Rs 650 crore IPO subscribed 1.03 times on day 2 of offer

The initial public offer of heating equipment maker JNK India got fully subscribed on the second day of subscription on Wednesday. The Rs 650 crore initial share sale received bids for 1,14,14,556 shares against 1,10,83,278 shares on offer, translating into 1.03 times subscription, as per NSE data. The portion for non institutional investors got subscribed 1.25 times, while the category for Retail Individual Investors (RIIs) received 1.13 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 68 per cent. The Initial Public Offer (IPO) of JNK India received 49 per cent subscription on the first day of bidding on Tuesday. The IPO has a fresh issue of up to Rs 300 crore and an offer for sale of up to 84,21,052 equity shares. Those offloading shares in the OFS are promoters Goutam Rampelli, Dipak Kacharulal Bharuka, JNK Heaters Co Ltd, and Mascot Capital and Marketing Pvt Ltd, and a shareholder Milind Joshi. The IPO is in a price range of Rs 395-415 a