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Shriram Properties files draft papers with Sebi to launch Rs 800 cr IPO
Bengaluru-basedShriram Propertieshas filed a draft document with market regulator Sebi to raise up to Rs 800 crore through an initial public offer (IPO)
Sensex snaps 3-day winning streak as RIL, banks slide; logs weekly loss
Market benchmarks nursed losses on Friday after three days of gains as the unabated rise in COVID-19 cases and localised lockdowns prompted investors to unwind bets in banking, finance and infra counters. A continuously depreciating rupee also sapped risk appetite, traders said. After a fluctuating session, the 30-share BSE Sensex ended 154.89 points or 0.31 per cent lower at 49,591.32. Similarly, the broader NSE Nifty slipped 38.95 points or 0.26 per cent to 14,834.85. Bajaj Finance was the top laggard in the Sensex pack, tumbling 3.12 per cent, followed by UltraTech Cement, NTPC, Axis Bank, ICICI Bank, IndusInd Bank, Reliance Industries, L&T and HDFC Bank. On the other hand, Sun Pharma, HUL, Tech Mahindra, Dr Reddy's and Titan were among the gainers, climbing up to 3.69 per cent. During the week, the Sensex declined 438.51 points or 0.87 per cent, while the Nifty shed 32.50 points or 0.21 per cent. "Domestic markets traded in a mild negative territory following weak global cue
What could India Inc's Q4 report card look like? Here's a glimpse
As per some experts, Nifty50 could possibly post the highest earnings growth in a decade in a financial year that was marked by turbulent times in the form of pandemic to lockdowns to GDP contractions
Trade cautiously in over 300 illiquid stocks: BSE, NSE to investors
To safeguard interests of investors, leading stock exchanges BSE and NSE have asked their trading members to take extra caution while trading in over 300 illiquid stocks. Illiquid stocks are those that cannot be sold easily because they see limited trading. These stocks pose higher risks to investors because it is difficult to find buyers for them as compared to frequently traded shares. In similar-worded circulars issued on Wednesday, both exchanges advised their trading members "to exercise additional due diligence while trading in these securities either on own account or on behalf of their clients". BSE and NSE have listed out 299 and 13 illiquid stocks, respectively, where additional due diligence is required. Illiquid scrips listed by BSE include Garware Marine Industries Ltd, Mefcom Capital Markets Ltd, Ekam Leasing & Finance Company Ltd, Maruti Securities Ltd, Bangalore Fort Farms Ltd, Gujarat Investa Ltd, Golechha Global Finance Ltd, Vertex Securities Ltd, Munoth ...
Market Wrap, April 9: Here's all that happened in the markets today
Among headline indices, the S&P BSE Sensex ended the day at 49,591 level, down 155 points
Will TCS maintain lead over IT peers? Here's what to expect from its Q4 nos
TCS Q4 Preview: Analysts expect TCS to report a 9 per cent year-on-year (YoY) growth in revenue (in rupee terms) for the March quarter
Khadim India rises for fourth day, jumps 7% on credit rating tweak
ICRA has revised long term credit rating on the company's overall borrowings of Rs 204 crore to BBB- from BBB, although, it tweaked the outlook to 'Stable' from 'Negative'
PSU Bank stocks rally on report govt may soon approve privatisation roadmap
At the bourses, shares of Bank of Maharashtra skyrocketed 15.3 per cent on the National Stock Exchange (NSE), Indian Overseas Bank surged 12 per cent, and Central Bank of India jumped 10 per cent.
Siemens gains 4% on signing MoU with Ashok Leyland for E-Mobility solutions
The MoU is aimed at delivering efficient, cost-effective and sustainable E-Mobility solutions to various commercial vehicle customers in India
Zensar Tech climbs 6% on entering into a partnership with Claimatic
On a year-to-date basis, Zensar is up 15.63 per cent as against a gain of 4 per cent in Sensex
Srei Infra zooms 20% as arm receives EoI for $250 mn capital infusion
The company's Strategic Coordination Committee will coordinate, negotiate and conclude discussions with the PE investors to bring the capital into the business and advise the management
Stocks to watch: Airtel, Srei Infrastructure, Ashok Leyland, Infosys
Arindam Haldar has resigned as Chief Executive Officer of Thyrocare Technologies, for personal reasons
Market Ahead, April 9: All you need to know before the Opening Bell
The initial public offer of Macrotech Developers was subscribed 35 per cent on Thursday, the second day of subscription
Sensex dips 155 pts as record Covid cases weigh on indices; pharma stks up
Trends in the broader markets were mixed as the S&P BSE SmallCap index closed 0.7 per cent higher while the S&P BSE MidCap index dipped 0.07 per cent.
Indices gain but coronavirus fears weigh on sentiment; UltraTech up 4%
A depreciating trend in the rupee also weighed on risk sentiment, traders said
Market Wrap, April 8: Here's all that happened in the markets today
Overall, the S&P BSE Sensex and the Nifty50 closed at 49,746 and 14,874 levels, up 84 points and 55 points, respectively
BSE Metal index soars 4.4%; Tata Steel and JSW hit fresh all-time highs
Shares of steel cos have been on a tear recently, owing to a sharp rally in steel prices. Price of Asian flat HRC has shot up over 20% while that in Europe has gained 40% this calendar year
JSW Steel joins Rs 1.5-trillion m-cap club, zooms 57% in a month
JSW Steel surpassed Bajaj Finserv, Sun Pharmaceutical Industries and HDFC Life Insurance Company in market-cap ranking during intra-day trade
Cement stocks rally on strong demand hopes; Shree, JK Cement hit new highs
The cement sector is set to report strong double-digit volume growth during the January-March quarter (Q4FY21) given the low base and sharp recovery in the cement demand
Small-Cap index hits new high; analysts see more upside
A large part of this rally is attributed to the economic recovery over the past few months, which analysts feel will directly benefit small and mid-sized companies
Tata Steel hits all-time high; stk soars 25% in a month on ratings upgrade
On Tuesday, March 6, Standard and Poor's raised the credit rating of Tata Steel and its subsidiary ABJA Investment Co from 'B+' to 'BB-'
Nomura sees Nifty at 15,340 by March'22; sees risks to FII flows in FY22
Markets, Nomura believes, are dealing with three headwinds - the resurgence of Covid-19 cases; inflationary pressure with the rise in commodity prices; and rich valuations
Ashok Leyland to set up green arms; stock rallies 7%, nears 52-week high
The first unit -- Switch Mobility Automotive Ltd -- is being formed to carry on the electric vehicle strategy in India and forms part of its global entity
Prakash Industries hits 52-week high on clocking highest-ever sales volume
The stock jumped over 9 per cent in intra-day deals to Rs 88.80 on the BSE
Fertiliser shares in focus; Deepak Fertilisers, RCF rally over 10%
With the forecast of normal monsoons and the rollout of Covid vaccination programme in the coming months, CARE Ratings expects economic activities to normalize during FY22
Barbeque Nation shares extend rally, zoom 47% from Wednesday's low
Currently, the stock was up 42 per cent against its issue price of Rs 500 per share
Stocks to watch: Muthoot Finance, RIL, UCO Bank, Prakash Industries, Airtel
Anil Agarwal-led Vedanta Resources Ltd's sweetened offer to buy back 17.5 per cent share in its Indian flagship firm was subscribed 57.5 per cent, helping it raise its stake to about 65 per cent
Sensex gains 84 pts as metal, IT stocks shine; broader markets outperform
The Nifty PSU Bank and Bank indices shed 0.8 per cent and 0.6 per cent, respectively today while the Nifty Private Bank and Financial Services indices slipped 0.6 per cent and 0.3 per cent
Market Ahead, April 8: Top factors that could guide market today
Shares of Reliance Industries will be in focus today after Sebi imposed a total penalty of Rs 25 crore on Mukesh Ambani, Anil Ambani, other individuals and entities for non-compliance
Benchmark indices continue winning streak on RBI's accommodative stance
The Sensex rose 460 points, or 0.94 per cent, to close at 49,662, while the Nifty50 added 136 points, or 0.92 per cent, to end the session at 14,819
IIFL Securities begins activation of 1.1 million frozen Karvy accounts
IIFL Securities said it has begun activation of 1.1 million frozen Karvy Stock Broking's demat accounts and the account holders can now trade or invest on its platform
Vedanta open offer subscribed just 58% after failed delisting bid
Following open offer, promoter holding in Vedanta is set to rise by 10%. Currently, promoter group holds 55.1%. Had the maximum 651 mn shares been tendered, promoter stake would have risen to 72.6%
Sebi imposes penalty of Rs 25 cr on Mukesh Ambani, Anil Ambani, others
The charge: Promoter stake in RIL raised by 6.83% in Jan 2000, on conversion of warrants issued in 1994, without making open offer as per SAST rules of 1997
Fund-of-fund AIFs gain traction, at least three players launch such schemes
Diversification at a lower cost said to be among the key reasons for such structures
Realty, insurance corner bulk of FPI flows at $500 mn each in March
Banks, IT see outflows amid valuation concerns