Page 4 - Markets

International MF schemes get extra time to declare net asset values: Sebi

Funds can disclose NAV by 10 am the next day from July

View of SIP registrations anything but rose-tinted; closures rise in FY23

Experts cite poor near-term returns, fall in investable income

Bharti Airtel falls 3% in two days; stock nears 6-month low

Thus far in the calendar year 2023, Bharti Airtel has tumbled 9%, as compared to 6% decline in the S&P BSE Sensex and 13% fall in Reliance Industries' shares

Banking, IT stocks winning bets over 10 years, but rarely move in step

An analysis shows the average return divergence between these two sectors during the past decade has been 37%

Short selling and activism don't go together

Contrary to the rationale of short selling, third-party investigative reports from activist short sellers violate Sebi regulations

Sebi to put in place framework to prevent frauds by stock brokers

To strengthen corporate governance norms, Sebi decided to end the practice of individuals having permanent seats on boards of listed companies

Sebi bans 6 entities from securities market in front running case

Capital markets regulator Sebi has restrained six entities, including Banhem Stock Broking and Ninja Securities, from the securities market and impounded wrongful gains of Rs 2.23 crore from them for involving in front running trades of Anvil Wealth Management. Apart from these two, the other entities banned by the regulator are Kaushal Chandarana, Manish Mehta, Kashmira Mehta and Sumatilal Mehta. Also, the entities have been directed not to dispose of any of their assets or securities, till such time the amount of wrongful gains is credited, the Securities and Exchange Board of India (Sebi) said in its interim order on Tuesday. In its order, Sebi found that Ninja and Banhem traded in different securities ahead of the impending orders placed on behalf of portfolio management service provider Anvil Wealth Management. It was further noted that the common director of Ninja and Banhem -- Manish Mehta -- was connected with Kaushal Chandarana, portfolio manager of Anvil. It was observed

Symphony slips 7% as stock trades ex-date for share buyback

The board, at its meeting held February 08, 2023, had approved and announced share buyback up to Rs 200 crore at a share price of Rs 2,000 per share via tender offer

TMS Ep399: Indian IT layoffs, confectionery, markets, bank stress test

Do Accenture layoffs portend trouble for Indian IT? Why is India's confectionery market attracting billions? How will the markets play out in FY24? What is a bank stress test? All answers here

Inflation, rate hikes play market party poopers in FY23; smallcaps hit hard

The small-caps were hit on the chin with the S&P BSE Small-cap index slipping nearly 7 per cent thus far during in FY23, underperforming the S&P BSE Midcap and the BSE 500 indexes

Wait for stock exchanges to update data at quarter-end: Adani CFO

The 10 listed Adani Group companies, which together had lost about USD 135 billion in market value following the report, saw stocks recover some of the lost ground after that

Vedanta announces 5th interim dividend; FY23 outflow Rs 37.7K crore

Dividend pay-out for the year at Rs 37,730 cr, the highest ever by the company

Kalyan Jewellers tanks 11% on large block deal; over 39 mn shares exchanged

According to a media report, Warburg Pincus, one of the key investors in KJIL, was likely to offload a 2.5 per cent stake in the company through a block deal today

PNC Infra rallies 8% on bagging Rs 819 crore highway project

The company has been declared L1 (lowest) bidder for a highway project for Ministry of Road Transport & Highways (MORT&H) with a bid project cost of Rs 819 crore

Sebi cancels Capvision Investment's registration for misleading client

Capital markets regulator Sebi on Monday cancelled the registration of Capvision Investment Advisor for promising assured profit to clients in the securities market and misleading investors. Capvision Investment Advisor was registered with Sebi as an Investment Adviser in June 2014. It is a partnership firm with partners Ravi Prakash Mishra and Rekha Mishra. In its order, Sebi found that Capvision was engaged in "non-genuine and deceptive activity" of obtaining payments from clients to third-party bank accounts. Further, Capvision has made representations to its clients, promising such assured returns and thus failed in its responsibility to act in a fiduciary capacity towards its clients. Accordingly, it has violated the code of conduct specified under the investment adviser (IA) rules. Also, Sebi said that promising assured profit in the securities market amounts to misrepresentation and misleading investors. Such reckless conduct by Capvision intended to induce investors to dea

Avalon Technologies IPO opens next week: Check GMP, other details here

Avalon Technologies IPO GMP: According to market observers, the IPO is commanding a great market premium (GMP) of Rs 22 per share

Markets to track factors in holiday week; may face volatility: Analysts

Stock markets may face volatility in a holiday-shortened week ahead amid monthly derivatives expiry, besides global factors and foreign fund trading activity would continue to dictate terms, analysts said. Factors such as movement of global oil benchmark Brent crude and the rupee would also guide the trend in equities. Markets would remain closed on Thursday for Ram Navami. "While volatility may increase locally before the March Futures and Options (F&O) expiry, the position of major international banks will continue to play a significant role in the direction of the market globally. "The market will also keep an eye on the geopolitical situation because there is still tension between Russia and Ukraine and there is also some tension developing between the US and Syria. But, the market is not paying much attention to this. Due to FIIs' aggressive selling in recent months, the institutional flow will also be crucial," said Santosh Meena, Head of Research, Swastika Investmart ...

Electronic firm Avalon Technologies to launch its Rs 865-cr IPO on April 3

The Rs 865 crore initial share sale of electronic manufacturing services firm Avalon Technologies will open for public subscription on April 3. The three-day initial public offering (IPO) will close on April 6, and the bidding for anchor investors will open on March 31, according to the red herring prospectus (RHP). The company has cut the size of its IPO to Rs 865 crore from Rs 1,025 crore planned earlier. Now, it plans to mobilise Rs 320 crore from fresh issuance of equity shares and Rs 545 crore through an offer for sale (OFS) of shares by promoters and existing shareholders. Proceeds from the fresh issue would be used towards debt payment, funding working capital requirements and general corporate purposes. In January, the company received capital markets regulator Sebi's go-ahead to float the IPO. Founded in 1999, Avalon is an end-to-end electronic manufacturing service solutions provider and counts Kyosan India, Zonar Systems Inc, Collins Aerospace, e-Infochips, The US Mala

Deutsche Bank, UBS hit as bank fears spark stress signals in markets

Deutsche Bank shares fell for a third day, dropping more than 12 per cent after a sharp jump in the cost of insuring its bonds against the risk of default

Campus Activewear shares tank 9% after TPG sold entire 7.62% stake

Among the buyers were Fidelity and Societe Generale. Shares of the shoe manufacturer closed at Rs 338 on the NSE, where Rs 1,229 crore shares changed hands