Page 24 - Latest Updates on Stock Market
Demand for 3-bedroom homes higher than other choices for first time: Report
Housing market better investment option than it was 12 months ago, respondents tell CII-ANAROCK Consumer Sentiment Survey
 "Demand for 3-bedroom homes higher than other choices for first time: Report")
Harsha Engineers soars 47% on debut after strong demand for shares in IPO
At the last close, the company was valued at Rs 4,424 crore
 "Harsha Engineers soars 47% on debut after strong demand for shares in IPO")
Pound plunge the latest ill omen as stock markets down across the world
The pound plunged nearly 5% at one point in Asia trade to break below 1985 lows and hit $1.0327. Moves were exacerbated by thinner liquidity in the Asia session
 "Pound plunge the latest ill omen as stock markets down across the world")
Amfi to block MF distributors indulging in 'splitting of transactions'
Amfi shall take necessary action i.e. blocking of such MF distributors for a period of six months: Sebi
 "Amfi to block MF distributors indulging in 'splitting of transactions'")
Sebi likely to step up disclosure norms for IPOs of new-age companies
Sebi has attracted some criticism following a meltdown in shares of new-age companies such as Zomato, Paytm and Policy Bazaar
 "Sebi likely to step up disclosure norms for IPOs of new-age companies")
Mkts swing after Fed hike; Sensex, Nifty50 shed 1% each in intraday trade
The Nifty50 index fell 89 points, or 0.5 per cent, to close at 17,630. The India Vix index rose 2.6 per cent to finish at 18.82
 "Mkts swing after Fed hike; Sensex, Nifty50 shed 1% each in intraday trade")
Assess maximum possible loss before entering F&O trade: Experts
Have sufficient capital as buffer to be able to meet additional margin requirements
 "Assess maximum possible loss before entering F&O trade: Experts")
Accenture sees Q1 revenue below estimates due to currency volatility
For the full year, the company reported revenue of $61.6 billion an increase of 22 per cent in the US dollar terms
 "Accenture sees Q1 revenue below estimates due to currency volatility")
Positive triggers factored into Hindustan Unilever's stock price
Falling raw material prices expected to help margins recover in Q3
 "Positive triggers factored into Hindustan Unilever's stock price")
Hotel stocks order room service: See strong Q1, a stronger outlook
Inbound tourism, higher occupancies, and lean cost model are positives for listed hospitality majors
 "Hotel stocks order room service: See strong Q1, a stronger outlook")
Valuations factor in multiple positives for Power Grid Corporation
Brokerages are positive given growth prospects, falling debt levels and high dividends
 "Valuations factor in multiple positives for Power Grid Corporation")
Post-IPO, Tamilnad Mercantile Bank to up focus on RAM, go on phygital mode
TMB's IPO was subscribed 2.86 times on the last day of subscription
 "Post-IPO, Tamilnad Mercantile Bank to up focus on RAM, go on phygital mode")
Sebi may soon introduce framework on retail algo amid concerns of misuse
Regulator in touch with exchanges, set to accept proposals made in discussion paper
Investors' wealth dips Rs 76,196 cr amid sell-off in stock markets
The market capitalisation of BSE-listed companies tumbled Rs 76,196.54 crore to Rs 2,85,94,997.40 crore amid the 30-share Sensex falling 224.11 points or 0.37 per cent to 60,346.97 points
 "Investors' wealth dips Rs 76,196 cr amid sell-off in stock markets")
Sachin Bansal-led Navi Tech gets Sebi green signal for Rs 3,350 cr IPO
The firm provides digital-first distribution of personal loans, home loans and health insurance to customers without the need of physical infra
 "Sachin Bansal-led Navi Tech gets Sebi green signal for Rs 3,350 cr IPO")
Time-starved investors must stick to index funds
While Amit had stayed invested for a long time, avoided leverage, and shunned investment-cum-insurance policies, unplanned investments and mindless diversification had produced a disappointing outcome
Nayara Energy seeks Centre's approval on independent directors' pay
The company said the remuneration proposed to be paid to the independent directors is comparable with the remuneration being paid for similar assignments in the industry
 "Nayara Energy seeks Centre's approval on independent directors' pay")
Ambuja Cements and ACC stocks close much above the offer prices
The shares of Ambuja Cement closed at Rs 453 a share -- far above the open offer price of Rs 385 a share -- making the offer unattractive for its shareholders.
 "Ambuja Cements and ACC stocks close much above the offer prices")
Harsha Engineers IPO to open Sep 14, price band Rs 314-330 a share
Fresh fund raise Rs 455 crore, secondary share sale Rs 300 crore; company eyeing Rs 3,000 crore valuation; firm makes brass, steel and polyamide cages and stamped components
 "Harsha Engineers IPO to open Sep 14, price band Rs 314-330 a share")
Global cues, low crude oil prices lift indices; Sensex gains 659 points
The Nifty, on the other hand, ended the session at 17,798, with a gain of 174 points, or 0.9 per cent
 "Global cues, low crude oil prices lift indices; Sensex gains 659 points")