Page 29 - Markets

Hariom Pipe hits new high, up 9% on acquiring operating assets of RP Metal

The stock has zoomed 146 per cent from its issue price of Rs 153 per share, post its market debut on April 13, 2022.

Stocks to Watch: NBFCs, Punjab & Sind Bk, Capri Global, Welspun Enterprises

Stocks to Watch: Balrampur Chini, Indiabulls Housing Finance and Punjab National Bank (PNB) were the three stocks in F&O ban period on Wednesday.

Radiant Cash Management Services IPO subscribed just 53% on last day

The initial public offer of Radiant Cash Management Services was subscribed just 53 per cent on the last day of subscription on Tuesday. The Rs 388-crore initial share-sale received bids for 1,45,98,150 shares against 2,74,29,925 shares on offer, according to NSE data. The category meant for Qualified Institutional Buyers (QIBs) was fully subscribed, while non-institutional investors portion received 66 per cent subscription and Retail Individual Investors (RIIs) 20 per cent. The Initial Public Offer (IPO) has a fresh issue of up to Rs 60 crore and an offer for sale of up to 33,125,000 equity shares. Price range for the offer is at Rs 94-99 a share. IIFL Securities, Motilal Oswal Investment Advisors and YES Securities were the managers to the offer.

Bleeding shares of start-ups call for review of ESOP taxation policy

Companies generally deduct the tax payable at the time of allotment of shares by adding the income from ESOPs to employees' income as personal income tax

Key reasons why Sensex bounced back on Monday to rally 1,000 pts intra-day

Friday's correction saw a sharp short-covering on Monday as market put aside fears around the Covid-19 situation in China

Six big banks of Wall Street score $1 trillion of profit in a decade

While much of the world's attention was focused on the riches minted by Silicon Valley, banks were gaining momentum

Stocks to Watch: NTPC, LIC Housing, Alembic Pharma, SIS, Gail, Puravankara

Stocks to Watch: In the F&O space, Punjab National Bank (PNB) is the only stock in ban period on Tuesday.

Debt fund YTMs stabilise, but peak still a few basis points away

YTMs of all debt fund categories, except credit risk and overnight, in a narrow range of 6.3-7.3%

Santa rally on D-Street; Nifty tops 18K, Sensex gains 721 points

The Nifty reclaimed the 18,000 mark and ended the session at 18,014, a gain of 208 points or 1.1 per cent

eClerx Services slips 7% on turning ex-date for buyback via tender offer

The company has proposed to buy back 1.71 million equity shares at a price of Rs 1,750 apiece via tender offer route

Poonawala Fincorp surges 13% after a 15% decline in past four trading days

Motilal Oswal Financial Services recently initiated coverage on Poonawalla Fincorp with a 'buy' rating and a target price of Rs 350 per share

L&T gains 2% on 'significant' order wins for its water treatment business

The company did not disclose the exact value of the orders. The value of the project is between Rs 1,000 crore to Rs 2,500 crore, as per L&T

Will primary market investors remain steadfast in 2023?

Global headwinds forced India's primary market activity to take a backseat with new listings falling by around 50% from 2021. Will retail IPO investors remain energetic in 2023?

Usha Martin surges 13% on heavy volumes; stock nears record high

The counter saw combined trading volumes of nearly 3 million shares on the BSE and NSE in morning trades so far.

Stocks to Watch: Suven Pharma, Telecom, Restaurant, Travel, DLF, Tata Power

Stocks to Watch: Shares of restaurant and travel related firms are likely to be in foucs as government ups the ante to keep the new variant of Coivd-19 virus at bay.

Sensex navigates geopolitical gyrations to outshine global peers

After a two-year liquidity-fuelled bull run, the BSE Sensex faced its moment of reckoning in 2022 as Russia marched into Ukraine, the US Federal Reserve came out all guns blazing in its war against inflation and a cataclysm engulfed global financial markets. The aftershocks of the COVID-19 pandemic combined with geopolitical upheavals, a supply shock in the energy markets and synchronised monetary policy tightening by central banks across the world meant the global economy was engulfed in a constant tangle of 'polycrisis'. But, the unwavering faith of domestic investors kept Dalal Street relatively unscathed and the Indian benchmarks shrugged off the gloomy cues with aplomb. After a lacklustre spell for most of the year, Sensex started picking up momentum as the festive season approached. It closed at its all-time high of 63,284.19 on December 1. However, hopes of a year-end Santa Claus rally were dashed as spiralling COVID cases in China sparked renewed fears of a global pandemic

Mutual funds see muted growth in 2022, expect better days in new year

After a spectacular 2021, the mutual fund industry failed to continue the momentum this year with the growth in asset base, investors count and flows subsiding in 2022 on volatile market conditions, but the New Year is expected to be relatively better. The industry grew at a slower pace in 2022, mainly due to global headwinds, including the Russia-Ukraine war, supply chain bottlenecks and a decadal high global inflation coupled with rising interest rates. The 2021 growth was mainly braced by a rally in the stock markets. The assets under management (AUM) of the mutual fund industry rose by 7 per cent or Rs 2.65 lakh crore in 2022. This was way lower than a surge of nearly 22 per cent or an increase of close to Rs 7 lakh crore in the asset base seen in 2021, data from the Association of Mutual Fund Industry (Amfi) showed. Swapnil Bhaskar, Head of Strategy, Niyo, said the mutual fund industry growth in 2023 is expected to be in line with the current trend with estimated assets under .

Mcap of 10 most valued firms erodes by Rs 1.68 trn; Reliance biggest drag

The combined market valuation of the top 10 valued firms eroded by Rs 1,68,552.42 crore last week, with Reliance Industries taking the biggest hit in an overall weak broader market. Last week, the Sensex tumbled 1,492.52 points or 2.43 per cent. Market sentiment remained weak amid surging COVID cases in China and a few other nations, while stronger US growth data cemented expectations of the Federal Reserve continuing with its hawkish stance. Reliance Industries' valuation tanked Rs 42,994.44 crore to Rs 16,92,411.37 crore. State Bank of India's market valuation tumbled Rs 26,193.74 crore to Rs 5,12,228.09 crore. The valuation of HDFC Bank eroded by Rs 22,755.96 crore to Rs 8,90,970.33 crore and that of Life Insurance Corporation of India (LIC) plunged Rs 18,690.03 crore to Rs 4,16,848.97 crore. The market capitalisation (mcap) of ICICI Bank diminished by Rs 16,014.14 crore to Rs 6,13,366.40 crore and that of Hindustan Unilever declined by Rs 11,877.18 crore to Rs 6,15,557.67 ...

Markets post biggest 1-day loss in nearly 3 months, Sensex ends below 60K

During the week, the Sensex fell 2.4 per cent and the Nifty 2.5 per cent, their worst weekly decline since June 17, 2022

Sebi initiates detailed study of fees, expenses charged by mutual funds

Capital markets regulator Sebi on Friday said it has initiated a detailed study of fees and expenses charged by mutual funds. The study would endeavour to provide data as input for policy formulations, the Securities and Exchange Board of India (Sebi) said in a statement. The policies would seek to balance the need for facilitating financial inclusion, encouraging new participants, leveraging economies of scale, encouraging adoption of technology, discouraging cross subsidisation across schemes, closing arbitrage opportunities if any, and curbing malpractices if any. The regulator has commenced "detailed study of existing provisions applicable for fees and expenses in mutual fund schemes vis-a-vis market practices". Based on the study, if required, appropriate policy measures would be undertaken after following the established process of stakeholder as well as public consultation. The move is part of an ongoing exercise to continuously align regulatory provisions to reflect the ma