Page 6 - Indian Equities

Investors richer by Rs 5.8 trn in two sessions of massive market rally

Investors' wealth zoomed by Rs 5,78,634.72 crore in two days of intense market rally, with participants adding Rs 2,74,908.83 crore to their fortune on Tuesday. Over the past two sessions, the BSE gauge Sensex has gained about 1,461 points or 2.99 per cent. The benchmark rallied 612.60 points or 1.24 per cent to settle above the 50,000-mark on Tuesday. Following the two-day massive rallies, the market capitalisation of BSE-listed companies jumped by Rs 5,78,634.72 crore to a record Rs 2,16,39,367.91 crore on Tuesday. "The rise can be attributed to a decline in India's COVID cases and stability in the global markets," said Ajit Mishra, VP - Research, Religare Broking Ltd. Last time on April 1, the BSE benchmark had closed above 50,000-level. On Tuesday, M&M was the top gainer in the 30-share pack, rallying nearly 6 per cent, followed by Bajaj Auto, Titan, Bajaj Finance and HDFC Bank. Bharti Airtel, ITC, Dr Reddy's, SBI and Hindustan Unilever Limited were the laggards. In the ...

Small- and mid-cap stocks in chemical and pharma space outperform

Barring a few names, rally may not sustain in the near term

FPI bets on Indian stocks have become more concentrated over time

Top 10% of stocks account for most of their holdings

BSE resolves 344 investor complaints against listed companies in April

Leading stock exchange BSE on Tuesday said it has resolved 344 complaints against 156 listed companies in the month of April.

Arohan Financial Services, Dodla Dairy get Sebi's go ahead for IPO

Non-banking financial company Arohan Financial Services and Dodla Dairy, a leading dairy company in South India, have received capital markets regulator Sebi's go-ahead to float initial share-sales. The two companies filed their preliminary papers with Sebi on February 15 and obtained its observations on April 23, an update with Sebi showed on Monday. Sebi's observation is very necessary for any company to launch public issues like initial public offer (IPO), follow-on public offer (FPO), and rights issue. Arohan Financial Services plans to raise between Rs 1,750 crore and Rs 1,800 crore, as per market sources. The public offer of the Aavishkaar Group promoted company comprises a fundraise through a fresh issuance of shares amounting to Rs 850 crore, according to Draft Red Herring Prospectus (DRHP). In addition, the company will have an offer for sale of 2,70,55,893 equity shares by Maj Invest Financial Inclusion Fund II K/S, Michael & Susan Dell Foundation, Tano India Private ...

Nazara Technologies clocks 84% jump in FY'21 revenue at Rs 454.2 cr

This was driven by strong growth momentum in segments like gamified learning and e-sports.

Scope for volatility high, follow dynamic asset allocation approach: Expert

Asset allocation schemes best placed for investors to benefit from current market volatility

Exiting equities now can be a costly mistake, might miss out good mkt rally

Timing one's re-entry correctly is very difficult

India records 22 IPOs worth over $2.5 bn in January-March period

The trend is likely to stay bullish in the current quarter also, according to a report.

Near-term margin concerns and valuations weigh on Dr Lal Pathlabs

Some brokerages prefer Metropolis given higher realisation, revenue growth trajectory

Trading in debt-ridden Coffee Day shares to resume from April 26

Debt-ridden Coffee Day Enterprises Ltd (CDEL) on Saturday said trading in its shares would be resumed at BSE and NSE from April 26

Strong demat account addition is here to stay: Ravi Kumar of Upstox

In a Q&A, the Co-Founder and CEO of Upstox explains what has propelled the growth and the company's ambitious tie up with IPL

Nazara hits lower limit after surging 84% on debut, stock ends 45% up

Market players said the spate of recent weak listings forced high networth individuals (HNIs) to take gains at the table

Compulsory delistings outnumber voluntary ones by 50% so far this year

Half a dozen companies have already been delisted compulsorily in 2021

Sebi cracks down on pseudo buy and sell orders designed to deceive

Exchanges announce curbs to reduce trade orders aimed at manipulating the market; serial offenders could face trading disablement of up to two hours

Barbeque Nation IPO subscribed six times

Investors bid for nearly 30 million shares as against only 5 million on the offer

Markets extend selloff as Covid-19 surges; investors flee risky assets

Over Rs 10 trillion of investor wealth has been wiped out in March, as rising US bond yields and Covid-19 infections triggered a flight to safety.

Easy Trip Planners shares close with over 11% premium in debut trade

The issue price is Rs 187

Sebi bars Profit Money Advisor, its proprietor from securities market

Sebi on Thursday barred Profit Money Advisor and its proprietor from the securities market for carrying out unauthorised investment advisory activities

Investors wealth tumbles over Rs 8 trillion in 5 days of market plunge

Equity investors became poorer by over Rs 8 lakh crore in five days of market plunge. The BSE benchmark has lost 2,062.99 points or 4 per cent in five trading sessions. On Thursday, the 30-share BSE benchmark tanked 585.10 points or 1.17 per cent to close at 49,216.52. Following the bearish trend, the market capitalisation of BSE-listed companies declined by Rs 8,04,216.71 crore to Rs 2,01,22,436.75 crore in five days. "Indian market has been in a corrective phase for the past 10 days due factors like high bond yields in the US and increased number of COVID cases being reported across the country," said Hemang Jani, Head Equity Strategy, Broking & Distribution, Motilal Oswal Financial Services. After its two-day policy meeting, the US Federal Reserve reassured investors that it expects to keep its key interest rate near zero through 2023. HCL Tech was the biggest loser in the Sensex pack, falling 3.97 per cent, followed by Infosys, Dr Reddy's, TCS, Tech Mahindra and Reliance ...