Page 5 - Share Market

Suzlon rights issue subscribed 90% a day ahead of close, stock up 20%

The company is issuing 2.4 billion new shares at Rs 5 apiece; proceeds will be used pare debt, which currently stands at Rs 3,272 crore

ACC logs surprise net loss of Rs 87.35 crore on high fuel, power costs

Net sales up 7%; royalty agreement with Holcim terminated on Sept 16; paid Rs 264 cr as royalty and technical fees in CY21

Electronics Mart soars 42% at close on debut after strong response to IPO

Shares worth Rs 766 crore changed hands on NSE; offering had garnered more than 72x subscription

Global shares mostly higher as markets eye China's Communist Party meeting

Global shares were mostly higher on Monday as investors kept their eyes on a weeklong Communist Party congress in China. France's CAC 40 added 0.5 per cent in early trading to 5,961.27. Germany's DAX gained 0.5 per cent to 12,498.72. Britain's FTSE 100 rose 0.5 per cent to 6,894.84. The future for the Dow industrials was up 0.7 per cent, while the contract for the S&P 500 gained 0.9 per cent. Britain's new Treasury chief was due on Monday to announce details of his tax and spending plans Monday, two weeks ahead of schedule, in a bid to calm markets roiled by the government's economic policies. Chancellor of the Exchequer Jeremy Hunt was expected to ditch more of the measures announced by the government of Prime Minister Liz Truss on September 23. Since then, the prime minister's libertarian economic policies have triggered a financial crisis, emergency central bank intervention, multiple U-turns and the firing of her Treasury chief. In Asia, the meeting of China's ruling Communi

Risk-reward not favourable in near to mid term: Nomura India's Mukherjee

He says that the market valuation premium over emerging market (EM) peers is around 70% versus the long-term average of nearly 40%

One year of Nifty's lifetime high: Domestic equities stuck in a loop

The fall in the Indian market is far subdued, compared to many global peers that have slipped into bear-market territory

Motherson's local wiring biz better placed than its global sales entity

Demand, rising content per vehicle, return ratios key investment arguments for Motherson Sumi Wiring

The bells of Dalal Street welcome nine new SME IPOs today; what are these?

The first nine months of 2022 have already seen 87 SMEs make their IPOs, earning a total of Rs 1,460 crore

General merchandise and apparel growth key for DMart's margin gains

The retailer's revenues in Q2 were lower than estimates

If Nifty50 falls below 16,500 mark, it will be a short-term bearish signal

The 200-DMA is generally a good indicator of a long-term trend

China property stocks, bonds rally post report of $85 bn support from banks

CIFI Holdings Group Co., KWG Group Holdings Ltd. and Agile Group Holdings Ltd. were the top gainers in Hong Kong, up more than 10% each.

Stricter disclosure norms may trigger DRHP filing rush in next two months

Industry players expect companies to advance their DRHP filings before new rules kick in

Markets rebound after seven-day losing streak; Sensex zooms 1,000 pts

More than the monetary policy decision, the RBI's assessment of inflation and growth propelled the markets, said experts

Mutual funds, DIIs turn net buyers as market falls; FPIs net sellers

Foreign investors pull out Rs 12,000 crore after pumping in Rs 60,000 crore in July, August

Retail IPO applications down by over 50% in H1FY23, shows data

Firms raised a total of Rs 36,535 cr in the period, 30.2% less than Rs 52,325 cr last yr

SmallCap World Fund buys nearly 550k Mastek shares worth over Rs 96 cr

Small Cap World Fund on Monday acquired software company Mastek Ltd's shares worth over Rs 96 crore through an open market transaction. According to bulk deal data available with BSE, SmallCap World Fund Inc purchased 5,49,676 shares of the company, amounting to a 1.82 per cent stake in the firm. The shares were bought at an average price of Rs 1,759.97 apiece, taking the transaction value to Rs 96.74 crore. Meanwhile, Hornbill Orchid India Fund sold 4,29,086 shares of Mastek. Shares of Mastek closed 1.52 per cent lower at Rs 1,731.15 on the BSE. In a separate transaction, Elevation Capital V FII offloaded shares of KDDL Ltd for over Rs 30 crore through the open market transaction. Elevation Capital V FII Holdings Ltd sold 3,60,000 shares, amounting to a 2.82 per cent stake in the company, as per data available with the National Stock Exchange (NSE). The shares were disposed of at an average price of Rs 850 per scrip, taking the transaction value to Rs 30.60 crore. Capital One

Harsha Engineers soars 47% on debut after strong demand for shares in IPO

At the last close, the company was valued at Rs 4,424 crore

Amfi to block MF distributors indulging in 'splitting of transactions'

Amfi shall take necessary action i.e. blocking of such MF distributors for a period of six months: Sebi

Sebi likely to step up disclosure norms for IPOs of new-age companies

Sebi has attracted some criticism following a meltdown in shares of new-age companies such as Zomato, Paytm and Policy Bazaar

Mkts swing after Fed hike; Sensex, Nifty50 shed 1% each in intraday trade

The Nifty50 index fell 89 points, or 0.5 per cent, to close at 17,630. The India Vix index rose 2.6 per cent to finish at 18.82