Page 54 - Latest Updates on Stock Market
GameStop's shares tank 12% after it plans a $1 billion stock sale
At Thursday's closing price of $191.45, the "at-the-market" sale could fetch GameStop up to $670 million
 "GameStop's shares tank 12% after it plans a $1 billion stock sale")
Record-setting $49 billion Asia IPO boom likely to taper off, shows data
Asian companies, like their global peers, notched their best first quarter for listings ever, thanks to a flood of liquidity during the pandemic, super-low interest rates, and rallying stock markets
 "Record-setting $49 billion Asia IPO boom likely to taper off, shows data")
Block deals: FPIs to seek review in the wake of the Archegos debacle
Late last month, global banks, including Goldman Sachs, Morgan Stanley, Nomura, and Credit Suisse, were forced to sell more than $20 billion worth of shares through a series of block deals
 "Block deals: FPIs to seek review in the wake of the Archegos debacle")
India's changing corporate landscape
We are in the early stages of an extraordinary episode of rapid scaling up of new companies
 "India's changing corporate landscape")
Ferrari overtaken by rivals to end years in stock market fast lane
While competitors, particularly Volkswagen, have got a boost from the hullabaloo around electric vehicles, Ferrari has run into setbacks including an underwhelming earnings forecast
 "Ferrari overtaken by rivals to end years in stock market fast lane")
Utilities beat Sensex on rising bargain-hunting by investors, shows data
Private sector power utilities such as Tata Power, Torrent Power, JSW Energy, Adani Power and Adani Transmission have been the top performers in the last three months
 "Utilities beat Sensex on rising bargain-hunting by investors, shows data")
Tesla Inc posts record deliveries in first quarter, beats estimates
Tesla Inc on Friday posted record deliveries for the January to March quarter, beating Wall Street estimates, as solid demand offset the impact of a global shortage of parts.
 "Tesla Inc posts record deliveries in first quarter, beats estimates")
Stock markets start new fiscal on a high, Sensex reclaims 50,000-level
IndusInd Bank, Kotak Mahindra Bank, ICICI Bank, Sun Pharma, Bajaj Finance, and UltraTech Cement were prominent gainers
 "Stock markets start new fiscal on a high, Sensex reclaims 50,000-level")
Category-III alternative investment funds beat Nifty returns in February
Long-only funds provided average returns of 8 per cent, while long-short funds returned 0.3 per cent, data from PMS Bazaar showed
 "Category-III alternative investment funds beat Nifty returns in February")
Sharp surge could hurt Adani Group stocks' MSCI prospects: Analysts
Global index provider will soon decide on 'extreme price increase' criteria
 "Sharp surge could hurt Adani Group stocks' MSCI prospects: Analysts")
Macrotech IPO to open on April 7; price band set at Rs 483-Rs 486
The IPO comprises fresh issuance of equity shares worth Rs 2,500 crore
Returns from equities likely to be lower in FY22, say market experts
Advise sticking to shorter duration debt funds and using correction for accumulating gold
 "Returns from equities likely to be lower in FY22, say market experts")
Benchmark indices end FY21 with a gain of 70%, most since 2009-10
The rebound, both in FY10 and FY21, followed a painful period for the market and has been underpinned by aggressive stimulus measures by global central banks
 "Benchmark indices end FY21 with a gain of 70%, most since 2009-10")
Sensex drops 627 points, Nifty ends at 14,691; Banks, RIL drag market
A day earlier, both the indices had posted their biggest gain in nearly two months, advancing 2.3 per cent each
Mutual funds plan to launch a slew of FMPs as bond yields increase
Fund houses like Nippon Life India MF, Kotak MF, Aditya Birla Sun Life MF, among others, have filed offer documents with Sebi to launch these popular close-ended debt schemes
 "Mutual funds plan to launch a slew of FMPs as bond yields increase")
Public issues: Sebi reduces timelines for refunding investors' money
Sebi on Wednesday reduced the timelines for refund of investors' money to four days in case of non receipt of minimum subscription and the issuer failing to obtain listing or trading permission
 "Public issues: Sebi reduces timelines for refunding investors' money")
Govt to borrow Rs 7.24 trillion from market in six months: Finance Ministry
The net borrowings during the next fiscal year will be about Rs 9.37 trillion
 "Govt to borrow Rs 7.24 trillion from market in six months: Finance Ministry")
Sensex, Nifty jump over 2% to record highest increase in 2 months
Sensex leaps 1,128 points to reclaim 50,000, Nifty rises 338 points as it moves near 15,000-mark
Best of BS Opinion: Avoid fresh lockdown, rational expectations, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Avoid fresh lockdown, rational expectations, and more")
Rational expectations
Evolving conditions would lead to adjustment in markets
