Sectorally, the Nifty PSU Bank index ended in the red, down 0.6 per cent, as the Budget document remained silent on PSB privatisation
Favourable global cues, too, help benchmarks gain 1.4%; overseas investors remain sellers
Large part of today's rally in the headline indices was led by IT stocks such Tech M, Wipro, Infosys and HCL Tech; financials such as Bajaj twins and SBI, and index heavyweights RIL
According to fund managers, flexi-cap and large-cap schemes may weather the current storm better
The benchmark index on Friday closed at 17,102
The Sensex gained as much as 807 points, or 1.4 per cent, in intra-day trade only to give up all the gains to end at 57,200, with a loss of 77 points
The offer also includes a reservation for subscription by eligible employees
For the week, the Sensex and the Nifty indices are down 3% each
Rate hikes may not be aggressive as Fed will try not to dampen economic growth
Sectorally, the Nifty PSU Bank index jumped a massive 5 per cent on the NSE, while the Nifty Bank and Private Bank indices added about a per cent each
Investors should stick to flexi-cap, balanced advantage funds instead
The share of such cases has been rising in the number of investigations by the regulator
The S&P BSE IPO Index, which tracks firms for two years after their listings, has plunged about 10 per cent so far this year
Sensex P/E of 26.3x is nearly twice MSCI EM's P/E and 40% higher than Dow Jones
NSE IFSC, NSE's International Exchange in GIFT City, on Tuesday said it has appointed Rajiv Mehrishi as the chairman of its governing board. The appointment is effective from Tuesday, the exchange said in a statement. The International Financial Services Centres Authority (IFSCA) had earlier approved his appointment as Public Interest Director (PID) on the Governing Board of NSE IFSC with effect from December 9, 2021. Mehrishi, a retired IAS officer, was the 13th Comptroller and Auditor General of India and vice-chairman of the United Nations Panel of External Auditors. Few of his prior roles include being finance secretary, home secretary and the chief secretary at government of Rajasthan. "The board and the management of NSE IFSC welcomes Mehrishi as chairman of NSE IFSC. His experience in corporate governance, finance, audit and corporate law will be immensely beneficial for the future development of NSE IFSC," the exchange said.
Bargain buying in banking and auto counters amid better-than-expected Q3 results by Axis Bank and Maruti Suzuki pushed the index 367 points higher at 57,858 level at close
Oravel Stays Limited, the parent company of travel-tech firm OYO, has received in-principle approval from BSE and NSE to list on the respective bourses, sources said. OYO has filed preliminary documents for a Rs 8,430 crore initial public offering (IPO). The offering will consist of a fresh issue of shares of up to Rs 7,000 crore and an offer-for-sale of as much as Rs 1,430 crore. As per documents reviewed by PTI, the company recently received the go-ahead for listing from the National Stock Exchange and BSE. Bourses typically provides such go ahead at advanced stages of the approval process thus signaling that regulatory path is close to getting cleared for the company to approach for its listing. The company had filed its Draft Red Herring Prospectus (DRHP) with Securities & Exchange Board of India (SEBI) in September last year and has been in the process of responding to the questions and clarifications sought by the regulators. Sources told PTI that the SEBI observations are .
The frontline S&P BSE Sensex crashed nearly 2,000 points intra-day, hitting a low of 56,984. It, however, staged a mild recovery in the fag-end and ended 1,546 points, or 2.6 per cent, lower at 57,491
Fund houses launched 19 new ETFs between April and December 2021
Fund houses launched 19 new ETFs between April and December 2021