Page 24 - Market News
Why the bid war for DHFL may well end up being a curse for the winner
Establishing a greenfield HFC may be cheaper for the bidders than picking up one embroiled in fraud probes
 "Why the bid war for DHFL may well end up being a curse for the winner")
Market flush with IPO but small firms struggled to raise capital in 2020
Number of SME issues dropped from 51 in 2019 to 27; amount raised by small companies fell 74.5% to Rs 159.1 crore
 "Market flush with IPO but small firms struggled to raise capital in 2020")
Gush of institutional funds into banking stocks likely to taper
Rerating cycle may have neared its end as much of the positives are well-priced in
 "Gush of institutional funds into banking stocks likely to taper")
Antony Waste Handling Cell IPO subscribed 15 times on the last day
The initial public offer of Antony Waste Handling Cell was subscribed 15 times on the last day of subscription on Wednesday.
 "Antony Waste Handling Cell IPO subscribed 15 times on the last day")
Sebi grants exemptions for delisting of Pagita Leasing and Finance Company
Regulator Sebi has granted certain exemptions to Pagita Leasing and Finance Company Ltd for voluntary delisting of its equity shares.
 "Sebi grants exemptions for delisting of Pagita Leasing and Finance Company")
RIL, L&T, HDFC Bank: Strategies for blue-chip stocks in a range-bound mkt
The Mukesh Ambani-controlled RIL needs to decisively conquer Rs 2,070 mark to attract fresh buying
 "RIL, L&T, HDFC Bank: Strategies for blue-chip stocks in a range-bound mkt")
Commodity rally to create new winners and losers in coming quarters
Metal & mining firms to gain; others may see margins contract
 "Commodity rally to create new winners and losers in coming quarters")
MF stock universe set for a rejig; ICICI Securities expects 4-5 switches
YES Bank could re-enter the large-cap universe at it is currently the 88th most valued company in the country
 "MF stock universe set for a rejig; ICICI Securities expects 4-5 switches")
It's likely value-oriented stocks will outperform, says Nippon India MF CIO
On the domestic side, we have latent demand in many industries due to the slowdown of the last few years, multi-year low-interest rates, exports, and capital flow being assisted by the global macro sc
 "It's likely value-oriented stocks will outperform, says Nippon India MF CIO")
Experts advise investors not to ignore higher-priced 'growth' stocks
The MSCI all-country value index outperformed its growth peers by more than 5 percentage points last month - the most in almost two decades
 "Experts advise investors not to ignore higher-priced 'growth' stocks")
Divi's Labs: New capex, margin expansion to support earnings growth
Brokerages expect the company's net profits to grow by 30 per cent annually over FY20-23
 "Divi's Labs: New capex, margin expansion to support earnings growth")
Lucknow Municipal Corporation garners Rs 200 crore on BSE Bond platform
The municipal corporation received 21 bids on BSE BOND platform for Rs 450 crore
 "Lucknow Municipal Corporation garners Rs 200 crore on BSE Bond platform")
Debt MFs see Rs 1.1 trn inflow in Oct on robust investment in liquid funds
Gilt funds came back under investors' radar in October after witnessing net outflow for two consecutive months
 "Debt MFs see Rs 1.1 trn inflow in Oct on robust investment in liquid funds")
Sensex touches 43,000-mark for first time; NSE Nifty tops 12,600
Extending its winning streak for the seventh straight session, equity benchmark Sensex soared 680 points to scale another lifetime high on Tuesday, tracking a global market rally driven by Pfizer's COVID-19 vaccine trials data. After touching its lifetime peak of 43,316.44 during the day, the 30-share BSE index ended 680.22 points or 1.60 per cent higher at 43,277.65. The broader NSE Nifty too touched a fresh intra-day high of 12,643.90. It ended at 12,631.10, up 170.05 points or 1.36 per cent. Bajaj Finance was the top gainer in the Sensex pack, surging around 9 per cent, followed by IndusInd Bank, L&T, Bajaj Finserv, HDFC, SBI, ICICI Bank, HDFC Bank, ONGC and Axis Bank. On the other hand, Tech Mahindra, HCL Tech, Infosys, Nestle India, Sun Pharma and TCS closed in the red. "Announcements by BioNTech and Pfizer about successful phase 3 trial of COVID-19 vaccine instilled confidence among investors and possibility of sustained economic recovery led sharp buying in beaten down ...
Sebi extends settlement scheme for illiquid stock option cases till Dec 31
Sebi has extended till December 31 the one-time settlement scheme for entities that executed reversal of trades in stock options segment of the BSE during 2014 and 2015.
 "Sebi extends settlement scheme for illiquid stock option cases till Dec 31")
PI Industries could soon dethrone UPL as biggest agrochemical firm
Triggers in exports and domestic businesses to continue driving earnings while pharma CSM foray takes shape
 "PI Industries could soon dethrone UPL as biggest agrochemical firm")
Sebi bars investment bankers from sharing bidding data with investors
Asks them to direct investors to original source of public info
No merit in relaxing 10% cap on single stock investment: Sebi chief
Says cap is meant for diversification, and just because some scrip is outperforming is no reason to raise the ceiling
 "No merit in relaxing 10% cap on single stock investment: Sebi chief")
Several MF distributors may have to go for name change after Amfi diktat
Amfi has barred them from using nomenclatures that have references to advisors, following Sebi move to separate distribution and advisory for the Rs 27-trillion industry
 "Several MF distributors may have to go for name change after Amfi diktat")
Edelweiss's healthcare fund offers benefit of international diversification
Allocation to a thematic offering like the newly-launched healthcare index fund should, however, be limited
 "Edelweiss's healthcare fund offers benefit of international diversification")
