Page 32 - Markets

Only 2% of cryptocurrencies have a 'healthy' liquidity, finds study

As major crypto exchanges like FTX go bankrupt amid high volatility, almost 90% of cryptocurrencies have a low trading volume, with just 2% of crypto coins having a healthy liquidity

Sovereign Gold Bond 2022-23: Series III subscription to open on Dec 19

The applications will close on December 23 and the Sovereign Gold Bonds will be issued on December 27

IRCTC down 9% in 2 days amid OFS by govt; stock slips below floor price

With today's low of Rs 668.25, the stock has fallen below its floor price of Rs 680 per share set for Offer for sale

Mahindra CIE surges 16% in two days, hits 52-week high in weak market

India is projected to be one of the fastest growing large economies in the world and CIE Automotive's global strategy continues to focus on India as a key market, the company said

Is Adani's media foray enough to sustain a rally in related stocks?

India's media sector has recently received a regulatory fillip from the govt. But are these triggers enough to sustain the rally in related stocks? How should investors pick media- related stocks?

ITC stock hits 2-month low amid market weakness, slips 4% in two days

Reliance Consumer's foray into FMCG, through brand 'Independence', could be a threat to existing FMCG companies in the foods space, analysts said

GMM Pfaudler plunges 18% after over 11 mn shares change hands in block deal

Till 09:30 AM, a combined around 11.18 million shares, representing nearly 25 per cent of the total equity of the company, had changed hands on the NSE and BSE

Chinese oil demand faces bumpy road to recovery as Covid curbs ease

Chinese Oil demand is expected to pick up as the world's largest crude importer pivots away from its strict Covid Zero policy

Tariff order, consolidation to support rally in broadcasting stks: Analysts

New Delhi Television (NDTV), Dish TV, Sun TV Network, and Zee Entertainment outperformed the indices over the last six months by surging between 18 per cent and 95.5 per cent

Govt's share sale in IRCTC over-subscribed, investors bid for Rs 3,800 cr

The sale of government's up to 5 per cent stake in IRCTC got over-subscribed on the first day of the offer, with institutional investors putting in bids worth Rs 3,800 crore. In the two-day offer-for-sale (OFS), the government is selling 4 crore shares or 5 per cent stake in Indian Railway Catering and Tourism Corporation (IRCTC) at a floor price of Rs 680 a share. The OFS consists of base issue size of 2 crore shares or 2.5 per cent stake, with an option to retain over-subscription of similar amount. As much as 10 per cent of the issue is reserved for retail investors, for whom bidding would open on Friday. On Thursday, bids for over 5.55 crore shares, representing 3.08 times the base issue size of 1.80 crore shares were put in by institutional investors. Calculated on the basis of the floor price, the bids would be valued at about Rs 3,800 crore. Shares of IRCTC settled at Rs 689.20 apiece, down 6.19 per cent over the previous close on the BSE. During the day, the scrip touched

Fertiliser shares rally in weak market; MFL, NFL, RCF surge up to 18%

In the past one month, the market prices of RCF, MFL, FACT and NFL have surged in the range of 38 per cent to 60 per cent on the BSE

Rs 850-crore buyback at premium to support Paytm stk in near-term: JPMorgan

The number of shares bought back will be 10.5 million at the maximum buyback price of Rs 810, representing 1.6 per cent of the paid-up share capital

Brokers fret as secondary market ASBA gains motion with new UPI feature

They are staring at a 15-20% drop in the revenues they make from interest on the surplus funds clients park with them. Something similar had played out when ASBA was launched for IPOs

Fusion hits highest level since debut; soars 29% from listing day low

On December 9, rating agency ICRA upgraded its credit rating on the company to A/Stable from 'A- / Stable'

Paytm, Nykaa: Will 2022's bloodbath in new-age stocks continue in 2023?

Paytm, Policybazaar, Zomato, and Nykaa have been the worst hit, falling between 50.5 per cent and 60 per cent thus far in 2022

YES Bank makes preferential allotment to Carlyle, Advent; stock dips 8%

Morgan Stanley has initiated the coverage on YES Bank with 'underweight' rating and a price target of Rs 20.50 per share

Will fortune change for new-age stocks in 2023?

New-age stocks had a nightmarish 2022. Paytm's shares crashed over 70% from their issue price. Nykaa tumbled nearly 85%. Analysts feel 2023 may bring more pain for some of these stocks

Paytm board approves Rs 850-crore share buyback via open market

Company's directors and key management personnel will not sell any shares during the buyback period

Gold ETFs log Rs 195 crore outflow in November on profit booking

After attracting funds in October, gold exchange-traded funds (ETFs) witnessed a net outflow of Rs 195 crore last month primarily due to profit booking amidst a rally in the markets. In comparison, the segment had attracted a net inflow of Rs 147 crore in October and Rs 330 crore in September. Prior to that, gold ETFs saw a net withdrawal of Rs 38 crore in August, data with Association of Mutual Funds in India (Amfi) showed. "The latest outflow could be attributed to profit booking amidst the rally in the markets and gold demand in the households for the prevailing wedding season," Priti Rathi Gupta, Founder of LXME, said. While the fund inflow in October was mainly on account of festive season demand as investors might have chosen to buy physical gold. Overall, the gold ETF category has received a net inflow of Rs 1,121 crore so far this year, the data showed. Despite the outflow, the assets under management (AUM) of the instrument surged to Rs 20,833 crore at the end of November

With over 100 profitable startups India poised to see IPOs in next 5 yrs

While the stock performances of tech IPOs, compared to other consumer companies, witness a steeper crash, India is poised to see more than 100 large-scale profitable/path-to-profitability startups