Page 96 - Stock Market

Analysts upbeat on Tata Tech IPO; GMP signals robust demand

Tata Technologies IPO: In the grey market, the stock is commanding a premium of up to Rs 350 or 70 per cent over the upper price band of Rs 500

High-value insurance policies in the slow lane after tax overhaul

The non-linked products are insurance plans which are not linked to the stock market, and therefore, their returns are not based on the performance of the market

Confused, surprised at investor interest in F&Os, says Sebi chief

Sebi chairperson Madhabi Puri Buch on Monday said she is "confused and surprised" at investor interest in Futures and Options (F&O) despite 90 per cent of individuals losing money in the segment. Buch said there is a need for investors to look at the long term and added that chances of making inflation-beating returns are much brighter through this strategy. Speaking during the launch of the Investor Risk Reduction Access (IRRA) platform at Asia's oldest stock bourse BSE here, Buch pointed to a recent research by the capital markets regulator which pointed out that only 11 per cent of the 45.24 lakh individual traders in the F&O segment made profit. As per the research, there was an exponential increase in the F&O segment participation during the pandemic, with the total number of unique individual traders increasing by over 500 per cent from the 7.1 lakh in FY19. "I must admit, I am always a little confused and surprised as to why people continue to do that (bet in ...

Bumper listing: Stock of this SME debutant doubles against its issue price

Shares of Kalyani Cast-Tech locked in upper circuit at Rs 277.30, zooming nearly 100% from its issue price of Rs 139 on the BSE.

Tata Technologies sets Rs 475-500 as price band for Rs 3,043-crore IPO

According to reports, the price is about about 47 per cent lower than its price in the unlisted market where the stock currently trades at Rs 950 per share

MSCI Global Index rejig: IndusInd Bank, Tata Motors, Suzlon get added

The changes in MSCI Global Standard Indexes' constituents will be effective at the close of November 30 trading day

Tata Technologies' IPO set to open for subscription on November 22

Tata Technologies, which provides engineering and product development digital services, said its IPO would comprise an offer for sale of 60.9 million shares, representing 15% of its paid-up capital

Traders excited and worried as stock options trading booms in India

Data from exchanges, which are big winners of this surge in demand, shows the daily average value of assets underlying these stock options more than doubled between March and October to $4.2 trillion

CSE hopes on resuming operations in March-April 2024 as 3rd equity exchange

Buoyed by positive indications from the market regulator, the Calcutta Stock Exchange (CSE) hopes on making a comeback as the third equity exchange of the country by March-April 2024, a senior official said on Sunday. The Securities and Exchange Board of India (SEBI) barred the CSE from trading on its platform in April 2013 due to regulatory and compliance issues. "We will come back as the third equity bourse of the country soon. There is positive feedback. We have to adhere to some measures, which will be done by January," CSE chief general manager Dhiraj Chakraborty told PTI. "We hope to resume as an independent exchange again by March-April with new technology, which will be the best in the industry," he said. Currently, the CSE is surviving by providing its members with facilities to trade on the NSE platform. "With the approval of SEBI and subject to the decision of the Calcutta High Court, CSE expects to resume its trading and settlement functions on its own platform in the

Strong market outlook to keep Coal India stock at elevated levels

The adjusted operating profit increased 11 per cent y-o-y to Rs 8,900 crore, owing to lower-than-expected employee costs, lower contractual expenses, and input costs

Torrent Power jumps 6% to fresh high; soars 92% from January's 52-week low

The net profit growth came on the back of increased contribution from merchant power sales in gas-based power plants, from licensed distribution businesses, higher contribution from renewable business

BSE Q2 net profit jumps to Rs 118 crore, revenue at record Rs 367 crore

Leading stock exchange BSE has reported a four-fold jump in net profit at Rs 118.4 crore for the quarter ended in September 2023. In comparison, the exchange had posted a net profit of Rs 29.4 crore in the year-ago period, BSE said in a statement. The bourse's revenue rose 53 per cent to a record Rs 367 crore in the July-September quarter of the current financial year (FY24), from Rs 240 crore in the year-ago period. "We shall continue to invest in development of human resources, new products, technology infrastructure, etc, and thus pursue long-term growth shareholders and deliver on our mission of Vibrant BSE 2025," the exchange's MD & CEO, Sundararaman Ramamurthy, said. The exchange's average daily turnover in the equity segment increased to Rs 5,922 crore in the quarter under review, from Rs 4,740 crore in three months ended September 2022. Also, the board of directors of BSE in their meeting on Friday have approved the fund infusion of Rs 22.36 crores in India International .

JSW Steel reports 12% rise in consolidated crude steel production in Oct

JSW Steel on Thursday reported a 12 per cent rise in its consolidated crude steel production to 23.12 Lakh Tonnes (LT) in October. Its consolidated crude steel production was at 20.64 LT in the same month last year, according to a statement. From its India operations, the company produced 22.36 LT of steel in October, up 9 per cent over 20.49 LT in the year-ago period. India operations' production includes the crude steel production of JSW Ispat Special Products Ltd (JISPL) and its subsidiary Mivaan Steels Ltd. In India, the capacity utilisation level stood at 95 per cent in October. JSW Steel USA - Ohio produced 0.76 LT steel compared to 0.15 LT produced in October 2022. JSW Steel is the flagship business of the diversified USD 23 billion JSW Group.

Indian insurers to lead bids for Reliance's mega bond issue: Experts

The billionaire Mukesh Ambani-led company aims to raise up to 200 billion rupees ($2.40 billion) via 10-year bonds on Thursday, its first such fundraise since May 2020.

Honasa Consumer IPO gains 4% on market debut, value hits Rs 10,850 cr

Many on the Street had raised concerns over Honasa's valuation and profitability track record

RR Kabel soars 10% on strong Q2 performance; zooms 50% over its issue price

Throughout the past six months, RR Kabel has demonstrated a promising performance, marked by strong growth in its sales volume

Sensex zooms 595 pts, Nifty tops 19,400; all but PSBs rally

Closing Bell on November 6, 2023: Among sectors, the Nifty Metal, Pharma, Private Bank, and Realty indices added over 1 per cent each

What is sustaining the flow of IPOs, defying equity market turbulence?

IPO investors withdraw from the market when large hyped-up issues fail to give the desired returns. That makes fundraising difficult, say experts

Healthcare to metals sectors: Finding the discount sweet spot in Nifty50

Over 50% of benchmark index components defy highs

Q2 earnings, global trends, trading activity to drive market: Analysts

The ongoing quarterly earnings report card of corporates, global trends and trading activity of foreign investors are key factors to drive the momentum in the equity markets this week, analysts said. Moreover, markets would also focus on global oil benchmark Brent crude and the rupee-dollar trend. "On the domestic front, the upcoming release of Q2 earnings report is expected to have a significant influence on market sentiment. If FIIs (Foreign Institutional Investors) shift to net buying, it could further propel the market's upward movement," Swastika Investmart Ltd Head of Research Santosh Meena said. While geopolitical concerns persist, they have had limited impact on the market's overall trajectory, Meena said, adding that the resilience of global markets will be crucial in determining the sustainability of this positive momentum. From the macroeconomic front, the industrial production data is scheduled to be announced on Friday after market hours. "Global and domestic ...