Page 27 - Market News

Societe Generale sells ICICI Bank shares worth nearly Rs 341 crore

As per the block deal data on the BSE, 9 million scrips of the private lender were sold by Societe Generale at a price of Rs 378.6 per scrip

Commodity picks: 24 August, 2020

Wheat prices is expected to trade lower towards Rs 1,850 per quintal following record stocks across the value chain and lethargic buying in the open market

KKR India sells CG Power shares worth Rs 30 cr through open market ops

KKR India Financial Services sold 96,10,588 shares of the company at an average price of Rs 16.85 apiece on the NSE, as per the bulk deal data

Max Healthcare gains on stock market debut, hits 5% upper limit

At close, the company is valued at Rs 10,108 crore; firm has been created following demerger of Max India's hospital business and subsequent merger of Radiant Life Care

Auto stocks see sharp recovery, index gains over 70% after falling in March

Domestic institutional investors have raised their weights to the sector

HSBC India comes up with green deposit programme for corporate clients

Under the scheme, deposits will be used to finance environment friendly projects

Street shrugs off likely credit cost pain for Cholamandalam Investment

While the management believes it has made adequate Covid-19 provisioning, analysts are skeptical

Despite a struggling economy, what is drawing people to the stock markets?

The share of non-institutional investors in trading volumes surged to 72 per cent in July; we look at the reasons behind this

Fund managers will have to rethink investment ideas, says K V Kamath

Veteran banker said corporates might need re-structuring of their balance-sheets

Fund pick: Invesco India Mid Cap is a consistent mid-cap outperformer

The investment objective of the scheme is to generate capital appreciation by investing predominantly in mid-cap companies

MCX to launch India's first bullion index, Bulldex, on August 24

The bourse recently launched options on goods in 100-gm goldmini contract

Motherson Sumi: Declining losses at greenfield plants to aid margins

While losses at the greenfield facilities have come down to 19 million euros from 175 million euros in FY20, analysts expect them to turn positive at the operating profit level by the end of FY21

Special market ops can be useful for monetary policy transmission: RBI

OT involves buying of GSECs with longer-term maturities -- ten years and five years -- and selling of shorter-term GSECs of original/ residual maturities of one and three years

RBI remains net purchaser of US dollars in June, buys $9.814 billion

In May, the RBI had bought $4.663 billion and sold $300 million in the spot market. It had net purchased $4.363 billion in May

Margin pressures likely to cap upside for Dr Lal Pathlabs: Analysts

The 29 per cent fall in volumes in the quarter was responsible for revenues declining 21 per cent year-on-year

Gold price slumps to Rs 54,763 per 10 gm; silver plunges to Rs 73,600 a kg

In the international market, gold was trading lower at $1,989 per ounce and silver also witnessed selling and was quoting down at $27.90 per ounce

Canara Bank to hit market with equity offering of Rs 5,000 cr in Q4FY21

Lender plans to raise additional tier-I capital of Rs 1,500 crore each in second and third quarters of FY21

'Quality' stocks come at a premium, valuations have crossed pre-Covid level

The P/E for Bharti Airtel and Avenue Supermarts is currently below the pre-Covid levels. Reliance Industries, Cipla, Havells India, and Eicher Motors have seen the maximum P/E expansion

Companies raise Rs 1.55 trn via BSE bond platform in FY21 so far

During 2019-20, the platform was used by 116 issuers for garnering over Rs 4.33 trillion from commercial papers, and by 121 issuers for raising Rs 3.36 trillion via bonds

Exchange's subsidiary can administer, supervise investment advisers: Sebi

Under IA Regulations, Sebi can recognise any body or body corporate for the purpose of regulating IAs