Page 98 - Stock Market

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 ...

Warren Buffett's Berkshire has bigger loss, operating profit sets record

Investors watch Berkshire closely because its results often reflect broader economic trends, and because of Buffett's reputation as an investor

Stocks to Watch: Tata Motors, Adani Green, IEX, Concor, Gujarat Gas, Atul

Stocks to watch on November 3, 2023: Atul's board meeting will be held on November 07 to consider a buyback proposal

Launch portfolio to support sales momentum for real estate major DLF

The sales in the quarter were led by the premium Camellias project which had bookings of Rs 720 crore

Sharpline Broadcast case: Sebi modifies order against 15 individuals

Capital market regulator Sebi on Wednesday modified its order passed against 15 individuals in a case of manipulation of share prices of Sharpline Broadcast Ltd through uploading misleading videos on YouTube channels. In March this year, the regulator barred 24 entities from the securities market for manipulating the share prices of two companies through misleading videos on YouTube channels. Passing a 77-page confirmatory order with some modifications, Sebi restrained 15 individuals from dealing in the scrip of Sharpline during the pendency of the investigation. "I, hereby confirm the directions issued vide the Interim Order dated March 02, 2023 read with Confirmatory Order dated July 11, 2023, subject to the following modifications, the noticees are restrained from dealing in the scrip of Sharpline during the pendency of the investigation," Sebi's whole time member Ananth Narayan G said in the order on Wednesday. The watchdog noted that the liability for the illegal gain made by

NSE Q2 results: Net profit rises 13% to Rs 1,999 crore, income up 24%

The National Stock Exchange (NSE) on Wednesday reported a 13 per cent year-on-year growth in consolidated net profit at Rs 1,999 crore for three months ended September. The consolidated income from operations stood at Rs 3,652 crore for the second quarter under review, a surge of 24 per cent from the year-ago period, NSE said in a statement. Apart from trading, the total revenue was also supported by other revenue lines including listing, index services, data services, and co-location facility, the exchange said. The net profit margins for the July-September quarter of the current financial year 2023-24 (FY24) stood at 50 per cent. During the first half of FY24, NSE contributed Rs18,744 crore to the exchequer, which comprised STT (Securities Transaction Tax) of Rs 14,858 crore, stamp duty (Rs 1,156 crore), GST (Rs 975 crore), Income tax (Rs 1,252 crore) and Sebi (Rs 503 crore). On the trading volumes front, cash markets recorded an average daily traded volume (ADTVs) of Rs 77,757

Investors kick off November on caution ahead of US Federal reserve policy

MSCI's index tracking EM stocks was unchanged, while a basket of developing markets currencies edged down 0.1% by 0902 GMT

Sebi confirms market ban on 22 entities in stock manipulation case

Sebi on Tuesday confirmed the securities market ban on 21 entities in a case related to manipulation of share price of Sadhna Broadcast by way of uploading misleading videos on YouTube channels. The ban on one individual -- Kundan Singh Bisht -- has been lifted and the total estimated amount of illegal gains through the alleged manipulation has been revised to Rs 38.61 crore. In March this year, the watchdog had barred various entities in the case and the estimated illegal gains earlier was Rs 41.85 crore. In a 125-page confirmatory order in the case with respect to 22 entities on Tuesday, Sebi refused to lift the ban on 21 of them. "I find that the submissions of the Noticees, except that Kundan Singh Bisht, are insufficient to refute the prima facie conclusions drawn in the Interim Order. "Consequently, the prima facie findings in the interim order dated March 02, 2023 that the Noticees have engaged in a fraudulent and manipulative scheme resulting in contravention of provision

Analysts flag caution on Mamaearth IPO: Here's why

Mamaearth IPO: Analysts suggest avoiding the IPO as the company's financial performance and growth strategy do not inspire confidence

ESAF SFB to launch IPO on Nov 3 with price band at Rs 57-60/share

ESAF Small Finance Bank Ltd on Tuesday said it has fixed the price band at Rs 57-60 per share for its Rs 463-crore initial share sale that will hit the Indian stock exchanges on November 3. The Initial Public Offering (IPO) of the company will conclude on November 7, while the anchor portion will open on November 2. The firm has lowered its size of fresh issue of equity shares worth up to Rs 390.70 crore from the earlier target of Rs 486.74 crore. It has also reduced its offer for sale component from Rs 142.3 crore to Rs 72.30 crore, as per the red herring prospectus (RHP). Those selling shares in the OFS are promoter ESAF Financial Holdings Pvt Ltd and other shareholders PNB MetLife India Insurance Company Ltd, and Bajaj Allianz Life Insurance Company Ltd. Further, investors can bid for a minimum of 250 equity shares and in multiples of 250 equity shares thereafter. At present, ESAF Financial Holdings owns a 62.46 per cent stake in the small finance bank, while PNB MetLife and Ba

SKI Capital, PROSE partners to tap over Rs 2,500 crore SME IPO market

Merchant banker SKI Capital on Monday said it has collaborated with communication firm PROSE Integrated to tap over Rs 2,500 crore Indian Small and Medium Enterprises (SME) IPO market. The main aim of this alliance is to make entrepreneurs and promoters of SMEs as well as potential investors aware of this opportunity, the two firms said in a joint statement. Earlier this year, SKI Capital achieved registration from the Sebi for its alternative investment fund (AIF) focused on the SME initial public offerings (IPOs). With a target corpus of Rs 600 crore, the AIF is specifically focused on providing SMEs with vital capital and strategic support. SKI Capital's AIF also closed its first and initial investment in an SME IPO and filed DRHP (drat red herring prospectus) for two SME IPOs as the lead manager. PROSE Integrated will provide deep domain expertise to identify potential SMEs and promote SME IPOs by increasing awareness amongst investors across India. SME IPOs have seen a record

Sebi turns up heat on unregistered influencers giving tips on social media

The regulator's order is at least the third high-profile crackdown on a financial influencer this year

Markets snap 6-day losing run; Sensex jumps 635 pts, Nifty nears 19,050

Closing Bell on October 27, 2023: Among sectors, the Nifty PSU Bank index jumped 4 per cent today

Sensex plunges 901 pts, Nifty nears 18,850 as sell-off enters 6th day

Closing Bell on October 26, 2023: In the broader market, the BSE MidCap index shed 0.94 per cent, and the BSE SmallCap index fell 0.19 per cent