Page 23 - Market News

Equity indices swing down, metals stocks drag on mixed global cues

Equity benchmark indices swung lower during early hours on Friday tracking mixed global cues.At 10:15 am, the BSE S & P Sensex was down by 236 points or 0.45 per cent at 52,087 while the Nifty 50 slipped by 83 points or 0.53 per cent to 15,608.All sectoral indices at the National Stock Exchange were in the red with Nifty metal down by 2.9 per cent, realty by 2 per cent, PSU bank by 1.7 per cent and auto by 1.3 per cent.Among stocks, JSW Steel cracked by 2.8 per cent to Rs 676.50 per share while Tata Steel lost by 2.5 per cent and Hindalco by 1.6 per cent.ONGC, State Bank of India, Tata Motors, Coal India and Power Grid Corporation also traded lower with thin margins. However, Adani Ports, Infosys, HDFC Bank and HDFC Life traded in the green.Meanwhile, Asian shares inched higher but were set for a weekly loss as investors continued to digest comments from the US Federal Reserve projecting interest rate hikes in 2023.MSCI's broadest index of Asia Pacific shares outside Japan edged ..

Gilt funds back on investors' radar on RBI's 'accommodative stance'

Scheme category sees net inflows this April, for the first time since last December

European shares rally on bullish investor sentiment about global recovery

With China, Japan and Britain closed for public holidays, volumes were thin and Asian shares got off to a slow start, with most markets slipping into the red

Barbeque Nation IPO subscribed 1.98 times on day two of subscription

The Rs 453-crore issue received bids for 98,75,790 shares against 49,99,609 shares on offer, as per NSE data

Despite price hike, Maruti Suzuki's margin may be hit in April quarter

Company can afford to pass on cost of increasing cost of metal prices, but investors will now put it under watch of analysts

Former Sebi chief Ramakrishna dies in Chennai at age 91 after illness

Ramakrishna started as a biochemist in his hometown Bangalore, joined the IAS in 1952.

Ircon shed 7% even as OFS is oversubscribed, Mtar Tech gets 4x bids

Easy Trip Planners of easemytrip.com fame to launch Rs 510-crore IPO on Monday

Sensex drops 1.2%, Nifty ends at 15,081 over fresh bond market jitters

Analysts put the bond markets' volatility down to positions taken by some traders betting on the possibility of the US Fed tightening monetary policy

Ircon International retail book offering sees subscription of 98%

Through the share sale, the government seeks to mop up Rs 675 crore. Shares of Ircon closed at Rs 91.25 on Thursday.

RIL, banks lift indices for 3rd day; Sensex gains 1,148 pts, ends above 51K

he frontline Nifty50 index made a dash for 15,300-mark in the intra-day trade, and hit a high of 15,273.

Avoid outsized positions and high leverage to soften blow of trading outage

Losses caused by technical glitches can get magnified due to leverage, hence retail investors who do day trading need to be cautious

India leads EM pack in foreign flows, attracts close to $6 billion so far

The MSCI India's valuation premium to EM is now at 40 per cent, 3 per cent above the long-term average, according to BofA Securities

Sebi allows Thomas Cook to withdraw buyback offer, cites Covid impact

Thomas Cook India said its reported cash and bank deposits had dropped by Rs 146 crore to Rs 245 crore during the three months to June 2020.

Sebi revises objective, eligibility criteria of innovation sandbox

In order to encourage innovation and boost participation, markets regulator Sebi on Tuesday revised the objective and eligibility criteria of its innovation sandbox with graded entry norms. In addition, a steering committee comprising representatives from the enabling organisations has been formed to drive the innovation sandbox, the Securities and Exchange Board of India (Sebi) said in a circular. The committee would supervise the operations of the innovation sandbox. Also, it would process the applications submitted by sandbox applicants and approve or reject applications and assign lead enabling organisations. Such lead enabling organisations would be responsible for onboarding the applicant post approval of the application and monitoring the applicant throughout the lifecycle of the sandboxing, the regulator noted. Innovation sandbox facilitates access to an environment (testing facilities and test data) provided by enabling organisations like stock exchanges, depositories and

Investors richer by Rs 10.5 trn after Budget; Sensex crosses 50K-mark again

The Nifty50 index rose 367 points, or 2.6 per cent, to settle at 14,648, surpassing its previous record made on January 20

IPOs off to best start in 12 yrs as Budget uncertainty spurs rush of offers

Four deals worth Rs 7,376 crore launched, most since Jan 2008; bullish sentiment in secondary market fuels new offers

Sensex at 50,000 just a psychological mark, be watchful, say experts

Gush of foreign money chasing equities and valuations well past the earlier high makes a ripe case for profit booking

Bajaj Finance: Q3 show suggests strong comeback, company remains cautious

Festive season demand has lifted new customer addition and loan growth closer to pre-pandemic levels

Maintain a constructive view on Indian equities for 2021: Ashish Gumashta

With a successful breakthrough on the vaccine front, we seem to be moving closer to normalisation in a quarter's time, says Julius Baer India MD

FPA Global Opportunity Fund sells CARE Ratings' shares worth Rs 52 cr

FPA Global Opportunity Fund on Tuesday sold nearly 10 lakh shares of CARE Ratings Ltd worth about Rs 52 crore through an open market transaction.