Page 93 - Stock Market

Apple leads $370 billion tech rout in reversal from group's 2023 rally

Tesla has shed more than 8% in the last four days, its longest streak of losses since November

Bajaj Auto board to consider share buyback on Jan 8, stock jumps over 5%

Under the Securities and Exchange Board of India (Sebi) regulations, the maximum limit for a buyback is 25 per cent or less of the paid-up capital and free reserves in that financial year

Jyoti CNC Automation's IPO worth Rs 1,000 crore to open on January 9

Gujarat-based Jyoti CNC Automation's initial public offering worth up to Rs 1,000 crore will open on January 9. It will also be the first public issue of 2024 on the main board of leading stock exchanges BSE and NSE. The company is planning to list its shares for the second time in nearly 10 years. The three-day Initial Public Offering (IPO) of Jyoti CNC will close on January 11, while the anchor book of the offer will be launched for a day on January 8, as per the Red Herring Prospectus (RHP). The price band for the offer is yet to be announced. Last month, the company got approval from markets regulator Sebi to float the public issue. The IPO is entirely a fresh issue of equity shares worth up to Rs 1,000 crore. The proceeds from the issue would be used for debt payment, funding the long-term working capital requirements of the company, and general corporate purposes. Jyoti CNC Automation is a leading manufacturer of Computer Numerical Control (CNC) machines. Its customers in

Sensex sinks 536 pts, Nifty nears 21,500 amid global sell-off; IT slides

Closing Bell on January 3, 2024: On the upside, Bajaj Auto, Adani Enterprises, Adani Ports, Cipla, ITC, and IndusInd Bank were the top gainers, rising up to 4.5 per cent

Esconet Technologies files draft papers to raise funds through IPO

Integrated IT solutions company Esconet Technologies on Tuesday said it has filed draft papers to mobilise funds through an initial public offering. The initial public offering (IPO) is entirely a fresh issuance of up to 33,60,000 equity shares, with a face value of Rs 10 each, and the shares of the company are proposed to be listed on Emerge platform of the NSE, the company said in a statement. Corporate Capital Ventures is the sole book running lead manager, while Skyline Financial Services is the registrar for the issue. Esconet proposes to utilise the proceeds from the issue towards working capital requirements of the company and invest in its wholly-owned subsidiary ZeaCloud Services to fund its capital expenditure expenses, as per the draft documents. A portion of the proceeds will also be used for the general corporate purposes. Founded in 2012 by second-generation entrepreneurs Santosh Kumar Agrawal and Sunil Kumar Agrawal, Esconet Technologies has been in the business of

JBM Auto rallies 23% in 3 days on plan to deliver 2,000 e-buses in FY24

At 10:44 AM; the stock was trading 3 per cent higher at Rs 1,670 on the BSE. In comparison, the S&P BSE Sensex was down 0.67 per cent at 71,787

1st trading day 2024: Stock-specific action on a day of wild swings

RailTel, YES Bank, Vodafone Idea, and BHEL rose 2-6%

Mutual funds' equity buys hit Rs 1.7 trn in 2023, defying market swing

Aggressive buying indicates strong flows into equity funds in December

Nifty ends with small gains on first day of 2024 amid profit booking

The blue-chip NSE Nifty 50 settled 0.05% higher at 21,741.90 points, while the S&P BSE Sensex added 0.04% to 72,271.94

Brokerages firms bullish on largecaps for better returns in 2024

The concern for most brokerages is valuations. Given the sharp rally in midcap and smallcap indices, investors are better off sticking with largecaps in 2024

Don't shun midcaps, smallcaps just because they surged 40-50%: Invesco CIO

'What will matter in 2024 from the market standpoint is the direction of interest rates globally, as well as in India. The results of the general elections will also be keenly watched'

Voda Idea rallies 19%, hits highest level since Jan 2022 on heavy volumes

A combined 1,321 million equity shares, representing 2.7 per cent of total equity of Vi, changed hands on the NSE and BSE till 01:55 PM

Stock market investor base surges, UP upends Gujarat from the 2nd position

UP surpassed Gujarat to take the second position in 2023 by adding 33.8 per cent of new stock market investors

Innova Captab makes quiet debut at 2% premium; strengthens post listing

Soon after the listing, Innova Captab gained steam and moved to Rs 502, up 12 per cent over its issue price on the BSE

Retail trading boom doubles turnover of futures and options at NSE

Retail investors currently make up for more than 25% of the average daily turnover in derivatives. More than 8 million individual investors traded in this segment in 2023

Record eight-year winning streak seen extending for Indian equities

That's the key takeaway from an informal Bloomberg News survey of 10 fund managers and strategists, seven of whom said the NSE Nifty 50 Index will rise in 2024

Azad Engineering shares settle with over 29% premium in debut trade

Shares of Azad Engineering Ltd ended with a premium of over 29 per cent against the issue price of Rs 524 on the first day of trade on Thursday. The stock made its debut at Rs 710, reflecting a jump of 35.49 per cent from the issue price on the BSE. During the day, it zoomed 38.83 per cent to Rs 727.50. Shares of the company ended at Rs 677.10 apiece, rallying 29.21 per cent. On the NSE, the stock listed at Rs 720, up 37.40 per cent. Shares of the company ended at Rs 673.25 per piece, a jump of 28.48 per cent. The company's market valuation stood at Rs 4,002.54 crore. In volume terms, 7.80 lakh shares of the company were traded on the BSE and over 1.51 crore shares on the NSE during the day. In the equity market, the 30-share BSE Sensex jumped 371.95 points or 0.52 per cent to settle at an all-time closing high of 72,410.38. The Nifty climbed 123.95 points or 0.57 per cent to settle at a fresh record of 21,778.70. The initial share sale of Azad Engineering received 80.60 times ..

Inside the record year for India's $585 billion mutual funds industry

Equity funds have seen inflows for 33 straight months through November, with monthly recurring plans emerging as the most popular product among retail investors

The India story 2023: Market rally that was, and sometimes was not

Benchmark indices gained altitude, but not all new entrants were able to cash in

Indices at record highs! Sensex soars 702 pts, tops 72K; Nifty holds 21,650

Closing Bell on December 27, 2023: Healthy buying in HDFC Bank, Infosys, Bharti Airtel, Ultratech Cement, L&T, Tata Motors, ICICI Bank, SBI, Axis Bank, and M&M lifted the benchmark indices