Page 25 - Latest Updates on Stock Market
Tamilnad Mercantile Bank IPO subscribed 2.9x on strong retail interest
Response muted when compared to previous two IPOs; Lender to issue 15.84 million fresh shares via offering
 "Tamilnad Mercantile Bank IPO subscribed 2.9x on strong retail interest")
The retail connect
Stock market has benefitted from retail participation
 "The retail connect")
Govt asks Sebi to ease public shareholding norms for IDBI Bank: Report
The Centre has reached out to Sebi seeking a relaxation period of two years in the minimum public shareholding norms for IDBI Bank after its privatisation
 "Govt asks Sebi to ease public shareholding norms for IDBI Bank: Report")
Why did the Enforcement Directorate arrest former NSE chief Ravi Narain?
The case pertains to hiring private firm iSec Services to allegedly tap the phones of NSE employees
 "Why did the Enforcement Directorate arrest former NSE chief Ravi Narain?")
Tamilnad Bank IPO subscribed 1.5x on Day 2, issue closes Wednesday
The priced band for the IPO is Rs 500-525 per share
Dreamfolks Services' shares jump nearly 42% in stock market debut
The successful listing follows a strong response to the company's maiden share sale, which had garnered nearly 57 times subscription last month
 "Dreamfolks Services' shares jump nearly 42% in stock market debut")
Sebi's stricter F&O inclusion criteria may weed out 30 stocks: Analyst
According to the current rule around impact cost, a stock's median quarter-sigma order size over the past six months cannot be not less than Rs 25 lakh
 "Sebi's stricter F&O inclusion criteria may weed out 30 stocks: Analyst")
Paytm shares drop over 6% after ED raid; Blue Jet Healthcare files for IPO
Its stock dropped to an intraday low of Rs 681.2 before closing at Rs 708.6, down 2.6 per cent over its previous day's close
 "Paytm shares drop over 6% after ED raid; Blue Jet Healthcare files for IPO")
After a volatile week, stock markets to expected be back on neutral ground
Markets during the last week saw wild gyrations with the first three days seeing a sharp dip followed by a more than equally sharper rise and then yet another dip, to be back on neutral ground
 "After a volatile week, stock markets to expected be back on neutral ground")
Small-cap funds can be rewarding for those who can stomach volatility
Limit investments in this space to 10-15% of your corpus, though; pay attention to fund size
 "Small-cap funds can be rewarding for those who can stomach volatility")
Quick commerce not just a fad, here to stay, says Jefferies report
The Jefferies report was based on a visit to one of Blinkit's dark stores in NCR
 "Quick commerce not just a fad, here to stay, says Jefferies report")
Bank of Baroda raises Rs 2,474 cr by issuing bonds through stock exchanges
Bank of Baroda has raised Rs 2,474 crore by issuing bonds at the rate of 7.88 per cent through stock exchanges
 "Bank of Baroda raises Rs 2,474 cr by issuing bonds through stock exchanges")
Dish TV stock jumps 20% as chairman Jawahar Goel announces exit
The stock touched an intra-day high of Rs 14.46 apiece on the BSE, closing trade at Rs 14.24 a share, up 19 per cent over the previous day's close
 "Dish TV stock jumps 20% as chairman Jawahar Goel announces exit")
Small-caps outperform large-caps but fail to match mid-caps in August
The Nifty Smallcap 100 Index rose 4.9 per cent. By comparison, the Nifty50 Index rose 3.5 per cent and the Nifty Midcap 100 soared 6.2 per cent
 "Small-caps outperform large-caps but fail to match mid-caps in August")
Share markets closed: BSE, NSE shut today on occasion of Ganesh Chaturthi
The share markets, including NSE and BSE, are closed today, August 31, on the occasion of Ganesh Chaturthi
 "Share markets closed: BSE, NSE shut today on occasion of Ganesh Chaturthi")
Finance Ministry to review credit flow in meeting with PSBs today
The department will also take stock of the banks' asset quality, and focus on large bad loans, implementation of the Centre's various schemes, and the lenders' plan to raise capital
 "Finance Ministry to review credit flow in meeting with PSBs today")
Gap between slippage and recovery has narrowed: City Union Bank CEO
The bank's share closed at Rs 179.05 a piece on BSE, down 4.7% from its previous close while the broader Sensex was down 1.46%
 "Gap between slippage and recovery has narrowed: City Union Bank CEO")
Equity investors' wealth falls by Rs 2.39 trn as Sensex sinks 861 pts
Tech Mahindra was the biggest laggard in the Sensex pack, falling 4.57%, followed by Infosys, Wipro, HCL Tech, TCS, Kotak Mahindra Bank, Tata Steel, Axis Bank, ICICI Bank and State Bank of India
 "Equity investors' wealth falls by Rs 2.39 trn as Sensex sinks 861 pts")
Powell's Jackson Hole speech leaves crypto investors in a tough spot
The total crypto market cap fell below $1 trillion after staying above it for over a month. Bitcoin fell below $20,000, and Ethereum slipped below $1,500
 "Powell's Jackson Hole speech leaves crypto investors in a tough spot")
Energy crisis tearing through global stock markets leaves a trail of losers
The inflation surge has also prompted an aggressive response from the world's major central banks
 "Energy crisis tearing through global stock markets leaves a trail of losers")