Page 40 - Stock Markets

Sensex sheds 551 pts, Nifty below 19,700 as Middle East crisis worsens

Closing Bell on Wednesday, October 18, 2023: Brent crude futures jumped 3 per cent after Iran called for sanctions and oil embargo against Israel

Sensex snaps 3-day losing run, gains 261 pts in broad-based rally

Closing Bell on Tuesday, October 17, 2023: On the National Stock Exchange (NSE), the Nifty50 shut shop 80 points, or 0.40 per cent, higher at 19,812.

Stock of this industrial products company has zoomed 293% so far in 2023

Shares of Kaynes Technology India hit a new high of Rs 2,954.20 on rallying 16 per cent on the BSE in Monday's intra-day trade

This stock market behaviour can help you predict Cricket World Cup winner

In four out of the last five World Cups, the day the Sensex did this during the league period and the team won or lost the match on that day - if not a World Cup winner has at least been a finalist.

Markets gain for a second day as RBI maintains status quo on policy rates

Technology and financial stocks led the gains

Calm Vix index seen flaring up in wake of Lok Sabha elections in 2024

Despite experiencing sharp intraday fluctuations in recent sessions, the VIX index has consistently settled below 12

Tata Technologies pays Rs 25 lakh to settle shares issuance case with Sebi

Tata Technologies has settled with capital markets regulator Sebi a case pertaining to alleged violation of guidelines on disclosure and investor protection after paying a settlement amount of Rs 25 lakh. The order came after Tata Technologies filed a suomotu settlement application with Sebi proposing to settle "by neither admitting nor denying any conclusions" the enforcement proceedings that may be initiated against it for the alleged violation of DIP (Disclosure and Investor Protection) guidelines. "It is hereby ordered that any proceedings that may be initiated for the violations... are settled in respect of the applicant (Tata Technologies), the Securities and Exchange Board of India (Sebi) said in its settlement order passed on September 27. The company made preferential allotments multiple times during the period from December 27, 2000 to March 13, 2008. These allotments resulted in the issuance of shares to more than 49 shareholders in one financial year in violation of the

Stock market closed today on Gandhi Jayanti: List of all market holidays

Stock market holiday: After Mahatma Gandhi Jayanti on October 2, the market will be closed on October 24, Tuesday, for Dussehra

Soaring in first half of FY24, equity markets likely to hit air pocket

Benchmark and broader market indices up 11-42% but rising US bond yields, oil prices threaten to pull them down

Accenture guidance delays hopes of demand pick-up for Indian IT: Analysts

Nirmal Bang analysts suggest investors use the gains to pare positions if overweight, especially in the tier-2 IT pack

Analysts bet on these consumption pockets ahead of the festive season

Fast-moving consumer goods (FMCG), retail, and consumer electronics segments are expected to do well over the next few months

Digikore Studios subscribed 282x, JSW Infra subscribed 37.37x on last day

The Rs 30-crore initial public offering (IPO) of Digikore Studios (on the National Sto­ck Exchange's SME platform) garn­ered 282 times subscription, attracting bids worth Rs 5,407 crore

New investor registrations on NSE hits 10 million mark in last 8 months

Leading stock exchange NSE on Thursday said the number of new investor registrations reached 1 crore mark on its platform in the last eight months, taking the total to over 8 crore. These new investor registrations are not restricted to top-tier cities and cities beyond top 100 accounted for 45 per cent of new investor registrations, the National Stock Exchange (NSE) said in a statement. "The eight crore unique PAN investors correspond approximately to around 5 crore unique households in India amounting to around 17 per cent households directly investing in the Indian stock market via the NSE's extensive nationwide network of trading members," it said. Total number of unique client code accounts registered with the exchange was at 14.9 crore -- clients could register with more than one trading member and included all registrations done to date. In terms of regions, states from northern part of India accounted for 43 per cent towards the last 1 crore new investor registrations, ...

Digikore Studios subscribed 282x, JSW Infra subscribed 37.37x on last day

The Rs 30-crore initial public offering (IPO) of Digikore Studios (on the National Sto­ck Exchange's SME platform) garn­ered 282 times subscription, attracting bids worth Rs 5,407 crore

Updater Services IPO subscribed 2.9 times on final day of subscription

The initial public offer of integrated facilities management company Updater Services was subscribed 2.90 times on the final day of subscription on Wednesday. The initial share sale got bids for 3,47,41,450 shares against 1,19,99,999 shares on offer, as per NSE data. The portion for qualified institutional buyers (QIBs) was subscribed 4.48 times while the quota for retail individual investors (RIIs) received 1.38 times subscription. The non-institutional investors part got subscribed 85 per cent. The Rs 640 crore IPO had a fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale of up to 80 lakh equity shares by a promoter and existing shareholders. The price range for the company's IPO was Rs 280-300 a share. Updater Services has raised Rs 288 crore from anchor investors. Proceeds from the fresh issue will be used for payment of debt, funding working capital requirements, pursuing inorganic initiatives, and general corporate purposes. The company offers

Smallcap, midcap funds face risk of mean reversion: DSP MF MD & CEO

Data shows that markets may have mispriced the disinflationary trend that is gaining traction along with a stable demand and supply situation for government bonds, said Parekh

Sai Silks Kalamandir's IPO subscribed 33% a day ahead of its close

Sai Silks is looking to raise Rs 600 crore in fresh capital, which will be used to set up 30 new stores and two warehouses to help fuel its growth

Sai Silks' IPO with fresh issue of Rs 600 cr subscribed 7% on first day

The Initial Public Offering (IPO) of ethnic apparel retailer Sai Silks (Kalamandir) was subscribed 7 per cent on the first day of offer on Wednesday. The IPO received bids for 26,16,752 shares against 3,84,86,309 shares on offer, as per data available with the NSE. The category for Retail Individual Investors (RIIs) was subscribed 12 per cent and that of non-institutional investors received 3 per cent subscription. The public issue has a fresh issue of up to Rs 600 crore and an offer for sale of up to 2.70 crore equity shares. The price range for the offer is Rs 210-222 a share. At the upper end of the price band, the IPO will fetch about Rs 1,201 crore. On Monday, Sai Silks said it has raised over Rs 360 crore from anchor investors. The Hyderabad-based company was founded by Prasad Chalavadi, a techie turned entrepreneur in 2005. It has four store formats -- Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall. Motilal Oswal Investment Advisors, HDFC Bank and Nuvam

Instacart valuation zooms above $14 billion after stock pops 43% in debut

The IPO gave Instacart a valuation of nearly $9.9 billion, a fraction of the $39 billion it was worth in 2021, the company's last funding round

Sebi imposes Rs 35 lakh fine on MI Research for flouting regulatory norms

Capital markets regulator Sebi has imposed a fine of Rs 35 lakh on MI Research for violating regulatory norms. MI Research (Proprietor -- Ashish Jain) is a Sebi-registered Investment Adviser. The order came after Sebi conducted an examination into the business of MI Research with respect to compliance of the entity with IA (Investment Advisers) regulations. The period of examination was November 2017 to August 2019. In its order on Monday, Sebi found that MI Research had collected up to Rs 1.95 crore from 748 clients by charging them for services provided as an investment adviser. The quantum of fees charged for its services appears to be unreasonably high. However, the noticee (MI Research) had failed to comply with the basic requirements of IA rules and also promised assured returns and mis-sold his services to clients and thus, failed to act honestly and in good faith with due skill, care and diligence, and adhered to a high professional standard, appropriate standards of condu