Page 43 - Stock Markets

Nifty ends near 20,000-mark; Sensex zooms 528 pts amid broad rally

Closing Bell on September 11, 2023: Among sectors, the Nifty PSU Bank index surged 3 per cent, followed by the Nifty Metal and Auto indices (up 1.7 per cent each)

Ratnaveer Precision freezes at 5% upper circuit; zooms 32% over issue price

Extending the gains, the stock was then locked in the upper circuit of 5 per cent at Rs 129.35 on the NSE

PM Modi enjoys a $3.8 trillion market moment as G20 leaders fly in

Boosted by one of the world's fastest growing economies, solid corporate earnings and an unprecedented retail investing boom, the nation's equity benchmark is also approaching an all-time high

Water infra player EMS Ltd IPO subscribed 3.71 times on Day 1 of offer

The initial public offer of water and sewerage infra player EMS Ltd got subscribed 3.71 times on the first day of the sale on Friday, riding on huge demand from non-institutional and retail investors. The share sale received bids for 4,00,47,140 shares against 1,07,87,431 shares on offer, as per data available with the NSE. The category for non-institutional investors was subscribed 5.97 times while the Retail Individual Investors (RIIs) part received 4.72 times subscription. The portion for Qualified Institutional Buyers (QIBs) got subscribed 9 per cent. The IPO had a fresh issue of up to Rs 146.24 crore and Offer for Sale up to 82,94,118 equity shares. Price range for the offer is Rs 200-211 a share. The company offers water and sewerage infra solutions, including laying the sewerage network to build sewerage and water treatment plants in Uttar Pradesh, Bihar, Uttarakhand and Rajasthan. EMS Ltd on Thursday said it has raised Rs 96.37 crore from anchor investors. Proceeds from

Hospital chain Jupiter Life IPO subscribed 63.72 times on last day of offer

The initial public offering (IPO) of multi-speciality hospital chain Jupiter Life Line Hospitals Limited was subscribed 63.72 times on the last day of subscription on Friday, helped by huge demand from institutional buyers. The public issue received bids for 54,14,60,120 shares against 84,97,169 shares on offer, according to NSE data. The portion for qualified institutional buyers (QIBs) received 187.32 times subscription, while the quota for non-institutional investors got subscribed 34.75 times and that of Retail Individual Investors (RIIs) was subscribed 7.73 times. The IPO had a fresh issue of equity shares worth Rs 542 crore and an offer for sale of up to 44.50 lakh equity shares. The initial public offering had a price range of Rs 695-735 a share. Jupiter Life Line Hospitals on Tuesday said it has raised Rs 261 crore from anchor investors. Proceeds of the fresh issue will be utilised to retire debt and for general corporate purposes. The hospital chain operates in Thane,

Mcap of BSE-listed companies hits fresh peak of Rs 320.94 trillion

Helped by the encouraging trend in domestic equities, the market capitalisation of BSE-listed companies jumped to a new all-time high of Rs 3,20,94,202.12 crore

New rules to attract investment to India's $1.4 bn market: JPMorgan

India rolled out several measures over past two years to regulate its market for green and other assets, most recently allowing domestic fund managers to launch plans under six types of ESG strategies

J&K Bank hits highest level since August 2015; stock zooms 47% in 1 month

The improving business and socio-political environment in the two union territories that is aiding tourism, agriculture and small businesses adds to the bank's proposition, as per India Ratings

Ratnaveer Precision IPO subscribed 18x; Samhi Hotels gets Sebi nod for IPO

Gurugram-based Samhi Hotels and Jaipur-based Motisons Jewellers have received final observation from Sebi

Sebi likely to implement one-hour settlement of trades by March 2024

Markets regulator Sebi will introduce one-hour trade settlements by the end of this fiscal, in the run up to making such processes instantaneous, a top official said on Tuesday. Amid concerns raised by certain foreign portfolio investors on the shortening of the settlement cycles citing forex-related worries, the official made it clear that faster settlements are optional and investors can opt out. Securities and Exchange Board of India (Sebi) has adopted a roadmap towards realising its aim of making trade settlements instantaneous, the official told reporters. "From one day to one hour to instantaneous is the roadmap," the official said, adding one hour settlements are much quicker to implement than instantaneous. The official said technology for one hour trade settlements already exists and the regulator is confident about the same, while the instantaneous settlements need more technology development. At present, Sebi is thinking of rolling out the one hour trade settlement for

Rising crude, uncertainty ahead of elections keep analysts wary on OMCs

Analysts say the already weakening marketing margins will be a concern ahead as the fate of OMCs remains tied to uncertain crude prices and the inability to raise prices amid the coming elections

Sensex ends 241 pts higher, Nifty reclaims 19,500; IT, Metal stocks shine

CLOSING BELL ON SEPTEMBER 04, 2023: In the broader market, the BSE MidCap and the SmallCap indices gained close to a per cent each on Monday.

FPI inflows hit 4-month low at Rs 12,262 cr in Aug on resurfacing inflation

After pouring a whopping amount into Indian equities in the past three months, foreign investors have slowed down the pace of inflow to Rs 12,262 crore in August on higher crude oil prices and resurfacing of inflation risks. "FPIs are adopting a 'wait and watch' approach rather than making a complete U-turn. There continues to be uncertainty in the global economy and the underlying scenario is fast changing. This will make the flows from FPIs volatile," Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said. According to the data with depositories, Foreign Portfolio Investors (FPIs) invested a net amount of Rs 12,262 crore in Indian equities in August. This figure includes investment through the primary market and bulk deals, which have been gathering momentum recently. This is the lowest investment in the last four months. Before this investment, FPIs invested over Rs 40,000 crore each in the past three months in Indian equities. The net inflow by FPIs

Stocks to Watch today, Sept 1: RIL, Vedanta, LIC, Five Star Business, Autos

Stocks to Watch today, September 1, 2023: Vedanta ran a "covert" lobbying campaign to weaken key environmental regulations during the Covid-19 pandemic, the OCCRP said in an article on Thursday

BHEL stock powers up on improved prospects for growth, new orders

Many analysts though are bearish due to state-owned firm's muted financials and likely low valuation

Adani family's partners used 'opaque' funds to invest in its stocks: OCCRP

Citing review of files from multiple tax havens, internal Adani Group emails, OCCRP said investigation found at least 2 cases where investors bought and sold Adani stock via offshore structures

S&P 500 inches higher, dollar weakens as soft data supports Fed pause

NEW YORK (Reuters) - The S&P 500 advanced and the dollar extended its losses on Wednesday, as a slew of disappointing economic data raised the probability that the Federal Reserve will press the pause button in its efforts to rein in inflation.

SAT 'not satisfied' with Sebi order in Zee matter, seeks regulator's reply

Tribunal hears Punit Goenka's appeal, to hear case for final decision on Sept 8

TVS Motor revs up with strong outlook, market share gains, new launches

Two-wheeler company's margin gains among factors that should be monitored: Analysts

China halves stamp duty on stock trades to boost struggling market

Along with the finance ministry move, CSRC is rolling out measures to shore up market confidence in investing in listed companies