Page 77 - Stock Market

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

Will file police complaint to stop spread of deepfake videos of CEO: BSE

Last week, a video clip had surfaced on a social media platform that seemed to show CEO Ramamurthy giving out investment and stock advice. The BSE claimed the video was morphed

Investors' wealth climbs Rs 4.97 trillion in two days of stock market rally

A two-day rally in the stock market made investors richer by Rs 4.97 lakh crore during this period. Rebound in global markets and absence of any fresh eruption of conflict between Israel and Iran soothed investors' sentiment. Extending its previous day's rebound, the 30-share BSE Sensex climbed 560.29 points or 0.77 per cent to settle at 73,648.62. During the day, it advanced 679.47 points or 0.92 per cent to 73,767.80. In two days, the BSE benchmark jumped 1,159.63 points or 1.59 per cent. The market capitalisation of BSE-listed companies climbed Rs 4,97,442.62 crore to Rs 3,97,86,490.93 crore (USD 4.79 trillion) in two days. "The buoyancy in equity markets continued due to strong global cues as buying was seen across the board on the back of risk-on sentiment. "Although geo-political tension in West Asia last week plundered global assets, absence of any fresh eruption of conflict between Israel and Iran also soothed the market sentiment, which triggered massive buying for the s

Q4 earnings, global trends major triggers for markets this week: Analysts

Worries related to the Iran-Israel conflict, quarterly earnings and foreign investors' trading activity are the key factors that would dictate stock markets this week, analysts said. Besides, trends in Brent crude oil and movement of the rupee against the dollar will also be crucial factors. This week will be crucial for the market amid ongoing worries about the conflict between Iran and Israel, said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. "If tensions escalate significantly, there's a risk of panic selling and increased volatility across global stock markets. Moreover, the market will be keeping a close eye on fluctuations in crude oil prices, as geopolitical events frequently impact them. "Investors will also be watching for important earnings of Tech Mahindra, Bajaj Finance, Nestle, Bajaj Finserv, HCL Technologies and Maruti," Gour said. HDFC Bank on Saturday reported a 2.11 per cent growth in consolidated net profit to Rs 17,622.38 crore for the March

Heating equipment maker JNK India's set to open its IPO on April 23

Heating equipment maker JNK India Ltd is set to open its initial public offering (IPO) on April 23. The initial share-sale will conclude on April 25 and the bidding for anchor investors will open for a day on April 22, according to the red herring prospectus (RHP) filed on Tuesday. The IPO is a combination of fresh issue of equity shares worth up to Rs 300 crore and an Offer-for-Sale (OFS) of up to 84.21 lakh equity shares by promoters and an existing shareholder. 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. Proceeds from the fresh issue will be used for funding working capital requirements and for general corporate purposes. JNK specialises in process-fired heaters, commanding a market share of about 27 per cent within the Indian heating equipment market for new order bookings during fiscal year 2023, according to F&S Report. As of ..

West Asia conflict, foreign fund outflows drag mkts lower from record peaks

Hotter-than-expected US inflation data fuelled concerns that the Federal Reserve will hold back on delivering the cuts to interest rates

Stock market to remain closed today: BSE, NSE to remain shut on Ram Navami

The Multi Commodity Exchange of India Limited (MCX) and Commodity Derivative Segment will be closed in the morning but open in the evening

Patanjali Foods shares climb 7% after wrong data indicated GQG hiking stake

Shares of Patanjali Foods climbed nearly 7 per cent in intra-day trade on Tuesday after wrong shareholding data for the quarter ending March indicated that US-based investment firm GQG Partners hiked its stake in the company. The stock jumped 5.41 per cent to settle at Rs 1,407.70 on the BSE. During the day, it climbed 6.63 per cent to Rs 1,424.10. At the NSE, it advanced 5 per cent to Rs 1,408.50. During the day, it zoomed 6.21 per cent to Rs 1,424. A filing was uploaded earlier in the day, which showed that GQG Partners Emerging Markets Equity Fund A Series of GQG Partners Series LLC have upped its stake to 9.31 per cent as on quarter ended March 31. The company later revised the shareholding pattern at 4:14:57 pm and gave reasons of typographical mistake in number of shares held by GQG Partners Emerging Markets Equity Fund A Series. The revised format showed that GQG Partners Emerging Markets Equity Fund has 1.02 per cent stake in the company. Last year in July, GQG Partners b

Mkts to track geopolitical events in holiday-shortened week: Analysts

Geopolitical events, macroeconomic data and quarterly earnings of corporates would guide the stock market in a holiday-shortened week ahead, analysts said. Stock markets will remain closed on Wednesday for Ram Navami. "This week promises to be crucial for the market as fresh worries about a potential conflict between Iran and Israel emerge. Any significant escalation in tensions could trigger panic selling and volatility in global equity markets. The market will also be closely monitoring the movement of crude oil prices, which are often impacted by geopolitical events," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Investors will be watching for earnings reports from Infosys, Bajaj Auto, and Wipro later in the week, he said. On the macroeconomic front, China's GDP data, US retail sales figures, and movements in the US bond yields and the dollar index will be important factors influencing market sentiment, Meena added. Shares of TCS will remain in focus on Monday.

Liquid mutual funds outflow exceeds Rs 1.5 trillion in March, shows data

Debt funds took a beating but sectoral funds soared in March, reflecting dynamic market sentiments

Sensex closes above 75,000 mark for first time, RIL and ITC gains

But hotter-than-expected US inflation may put brakes on the rally

NSE issues caution against fake videos of CEO Chauhan recommending stocks

The exchange reiterated that its employees are not authorised to recommend any stock or deal in those stocks

This Chinese cement producer's market value crashed 99% in 15 minutes

Tianrui's controlling shareholder Li Liufa and his spouse jointly own approximately 70% of the company, according to a filing in January