Page 35 - Stock Markets

Smallcaps slip into 'correction' zone; index down 10% from February

The drop in the smallcap index comes even as the benchmark Nifty logged a fresh record high in an earlier session

NSE to cut cash, derivatives transaction charges by 1% from April 1

Bourse also approves sale of its non-core tech business

Optional T+0 settlement from March 28: Here is what it means for you

Equity investors' longing for same-day settlement of cash in their demat accounts is set to end as SEBI's T+0 settlement will become a reality

Sensex sinks 617 pts, Nifty ends at 22,333; BSE SmallCap, SBI tank 2% each

Stock market highlights on March 11, 2024: Sensex, Nifty end with sharp losses; BSE smallcap index, SBI sink 2 per cent each

Seeing signs of price manipulation in SME segment: Sebi chief Buch

Sebi chairperson Madhabi Puri Buch on Monday said the capital markets regulator is seeing "signs" of price manipulation in the Small and Medium Enterprises (SME) segment. The manipulation is both at the Initial Public Offering (IPO) and also in trading, Buch said, advising caution to investors. "We do see the signs (of price manipulation), we have the technology to do it. We are able to see certain patterns. I'd say it is still on the kitchen table, it's not yet gone into the oven," Buch said, speaking to women journalists on the sidelines of a conference here. The capital markets regulator is still working with advisors to understand all the dimensions and analyse the data, she said, adding that if it finds some malpractices the next step may be to issue a public consultation on it. She said the investors need to understand that the SME segment is different from the main board and it is necessary for Sebi to underline the same in terms of the rules on disclosures which are made to

Braving the rapids: Smallcap funds ride the risky tide with spread bets

RIDING THE WAVE: Smallcap stocks dominate portfolios in the year's rally

IndiGo co-founder Gangwal to sell airline's shares worth $450 mn: Report

The floor price for the block deal has been set at 2,925 rupees per share, the report said, which is a 5.8% discount to Interglobe's closing price on Thursday

Gopal Snacks collects Rs 194 cr capital from anchor investors ahead of IPO

Gopal Snacks Ltd on Tuesday said it has garnered Rs 194 crore from anchor investors, a day ahead of the start of its initial share sale. The Rajkot-based company has allotted 48.36 lakh equity shares to 19 funds at Rs 401 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE's website. Those who participated in the anchor round are -- BofA Securities Europe SA, Bay Capital India Fund, ITI Mutual Fund, DSP Mutual Fund, Quant Mutual Fund, Edelweiss Mutual Fund and HDFC Life Insurance Company. The issue, with a price band of Rs 381 to Rs 401 per share, will open for subscription on March 6 and conclude on March 11. The proposed initial public offering (IPO) is entirely an offer for sale (OFS) of equity shares by promoters and other selling shareholders. The OFS comprises the sale of shares by Bipinbhai Vithalbhai Hadvani, Gopal Agriproducts Private Ltd and Harsh Sureshkumar Shah. Founded in 1999, Gopal Snacks is a fast-moving consumer goods .

Investors subscribe JG Chemicals IPO 2.46 times on first day of bidding

The initial public offer of JG Chemicals got subscribed 2.46 times on the first day of subscription on Tuesday. The Rs 251.2 crore-initial share sale of the zinc oxide manufacturer received bids for 2,00,55,244 shares against 81,68,714 shares on offer, as per NSE data. The portion for Retail Individual Investors (RIIs) got subscribed 3.62 times while the quota for non institutional investors fetched 2.90 times subscription. The Qualified Institutional Buyers (QIBs) part received 2 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 165 crore and an offer for sale of up to 39 lakh equity shares. Price range for the offer is Rs 210-221 a share. JG Chemicals on Monday said it has collected over Rs 75 crore from anchor investors. Proceeds from the fresh issue to the tune of Rs 91 crore will be utilised for investing in JG Chemicals' material subsidiary BDJ Oxides and Rs 35 crore will be used for funding the long-term working capital requirements of the

Matrix Gas & Renewables raises Rs 350 crore capital in pre-IPO round

Matrix Gas and Renewables Ltd (Matrix) on Tuesday said it has raised Rs 350 crore in the pre-IPO round to accelerate expansion of its gas business, acquisitions, and funding capital expenditure plans. "The pre-IPO (Rs 350 crore) round saw participation from key investors like Gunavanth Vaid (4GCapital Venture), Sarda Group, Sunil Kumar Singhvi (Singhvi Heritage LLP), Blue Lotus Fund, NAV Capital Emerging Fund and the promoters of the company," it said in a statement. Matrix is a Gensol Group company and is the fastest-growing green hydrogen infrastructure developer and natural gas aggregator. "Matrix has successfully raised Rs 350 crore in the pre-IPO round," it said. "With the current capital raise, Matrix is now well positioned to accelerate its growth initiatives towards expanding market share for the gas aggregation business, acquiring city gas distribution (CGD) assets, and funding the ongoing capital expenditure plan. This round will also expedite setting up and commissionin

Consensus price targets hint at modest stock market upside this year

Analysts expect Nifty50 components to gain an average 6.6%, Nifty Midcap 100 about 2%

Investors subscribe R K Swamy IPO 2.18 times on first day of bidding

The initial public offering of integrated marketing services firm R K Swamy was subscribed 2.18 times on the first day of bidding on Monday. The Rs 423.56 crore-initial share sale received bids for 1,79,73,350 shares against 82,32,946 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) got subscribed 7.84 times and non-institutional investors part received 2.97 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 1 per cent. The Initial Public Offering (IPO) has a fresh issue of up to Rs 173 crore and an Offer For Sale (OFS) of up to 87 lakh equity shares worth Rs 250.56 crore at the upper end of the price band. The IPO comes in a price range of Rs 270-288 a share. RK Swamy Ltd on Friday said it has collected Rs 187 crore from anchor investors. Funds raised through the fresh issue would be used for setting up a digital video content production studio, establishing new customer experience centres and computer-aide

Focus on fundamentals as valuations of stocks reach sky-high: Mirae Asset

"There are pockets of froth we are avoiding, particularly, where valuations have surpassed fundamentals," said Neelesh Surana, chief investment officer - equity at the firm

Smallcaps not in extreme bubble territory: IIFL Securities chairman & MD

Venkataraman observes that markets will also receive support from monetary easing globally

Turning cautious: Retracing market volatility in February, shows data

The Nifty Smallcap 100 and the Nifty Midcap 100 posted their first monthly loss after three months, even as the benchmark Sensex and the Nifty managed to eke out 1 per cent gain

47 Chinese companies cancel IPO plans as watchdog tightens listing rules

"Under high-pressure regulation, the number of IPO (initial public offering) withdrawals reached a new high," securities broker Shenwan Hongyuan said in a note

Angel One plans to raise Rs 2,000 cr to tap opportunities in fintech space

The stockbroker plans to move beyond equity and mutual funds and will offer distribution of credit and fixed-income products

Sensex gyrates 1,175 pts intraday, ends 535 pts higher; Nifty tops 22,200

Stock market highlights on Thursday, February 22, 2024: The Nifty50 index hit a record high of 22,252.5 in late deals

SBI becomes 5th most valuable firm in terms of mcap, surpasses Infosys

Public sector lender State Bank of India (SBI) has surpassed IT major Infosys to become the country's fifth most valued firm by market valuation on Wednesday. The scrip of the state-owned company gained 1.51 per cent to close at Rs 771.55 apiece on the BSE. During the intra-day trade, shares of SBI hit its 52-week high of Rs 777.50 per piece. At the end of trading session of Wednesday, the market capitalisation of SBI stood at Rs 6,88,578.43 crore, which is Rs 1,228.48 crore more than Infosys' Rs 6,87,349.95 crore valuation. Accordingly, SBI became the fifth most valued company on the BSE. In the ranking of top 10 most valued firms, Reliance Industries continued to rule the chart followed by Tata Consultancy Services, HDFC Bank, ICICI Bank, SBI, Infosys, Life Insurance Corporation of India, Bharti Airtel, Hindustan Unilever and ITC.

Sensex sinks 434 pts in fag-end, Nifty holds 22,050; ZEE tanks 14%

Stock market highlights on February 21, 2024: In the broader markets, the BSE MidCap index fell 1.27 per cent, while the BSE SmallCap index declined 0.84 per cent