Page 9 - Indian Markets

Sebi extends regulatory compliance timeline for debenture trustees

In addition, Sebi has extended the time period till October 31, 2021, for submitting the net worth certificate of guarantor

Mutual fund industry's AUM pegged to touch Rs 92 trillion by 2030

Gross household investments in MFs have grown at a compound annual growth rate (CAGR) of 27.3 per cent over FY13-20

Investors should stick to algo strategy even if it underperforms: Analysts

Hang in there for the optimal period to enjoy the kind of gains seen in back-testing

Tatva Chintan IPO subscribed 15 times on second day of subscription

The price range for the offer has been fixed at Rs 1,073-1,083 per share.

Boom in digital dabba trading

Much like illegal dabba trading, the platform itself is the counterparty to trades by the customer

Markets priced to perfection; don't factor in third Covid wave: Jigar Shah

The markets are priced to perfection and do not take into account a third wave., says Shah

Tatva Chintan Pharma IPO subscribed 4.51 times on first day of subscription

The initial public offer aggregating up to Rs 500 crore comprises a fresh issue of up to Rs 225 crore and an offer for sale of up to Rs 275 crore.

Tech stocks power Sensex, Nifty shares to record highs; Wipro rises 2.5%

Infosys closed 0.3 per cent higher after posting strong earnings and raising its forecast on the back of a pandemic-driven expansion in digital offerings by businesses globally.

Rupee snaps 3-day winning streak, drops 10 paise to 74.59 against dollar

Halting its three-day winning run, the rupee on Wednesday declined by 10 paise to close at 74.59 (provisional) against the US dollar. At the interbank foreign exchange market, the domestic currency opened at 74.57 against the American currency, and slipped further to close at 74.59, registering a decline of 10 paise over its previous close. On Tuesday, the rupee had closed at 74.49 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.05 per cent to 92.70. "The market focus is on how Jerome Powell will react to the surging US CPI data and how long can Federal Reserve policy stay ultra-loose. Powell's dovish tone at tonight's semi-annual testimony, will be negative for USDINR spot but if he talks about tapering the bond purchases then we may see the spot to trade towards 75 zone," said Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services. As long as the spot trades above 74.40, the tre

M-cap of BSE-listed firms touches record high, crosses Rs 233 trn

The market capitalisation of BSE-listed companies reached an all-time high of Rs 2,33,06,440.17 crore on Wednesday, mainly driven by optimistic sentiments in the broader market. At close of trade, the BSE Sensex jumped 134.32 points or 0.25 per cent to 52,904.05, registering its second straight session of gains. The market capitalisation of BSE-listed companies reached the new record high of Rs 2,33,06,440.17 crore at the end of the day's trade. Investors' wealth has jumped Rs 1,42,806.24 crore in the two days of market rally. "Despite negative global signals, domestic indices trimmed its early losses and soared high supported by robust Q1FY22 result expectations on IT sector and favourable economic outcomes," Vinod Nair, Head of Research at Geojit Financial Services, said. IT companies Tech Mahindra, HCL Tech and Infosys were the biggest gainers among the 30-share pack followed by L&T, Tata Steel, ITC and TCS. On the other hand, Maruti, HUL, Dr Reddy's, Nestle India and Titan ..

Sensex witnesses best session in six weeks; ICICI Bank gains 2.83%

This was the best single-day gains for the index since May 31.

Indian equities are attractive, mainly on fundamentals: Ashmore's Jan Dehn

A large part of the market buoyancy over the past few months in India has been on account of mid- and small-caps, says Dean

Indian stock valuations are somewhat less attractive, says David Jones

India is more fortunate than other EMs, as it is less dependent on imported capital, says Jones

Covid-19 pandemic: Big and organised companies escape unscathed

Analysts say when industry growth bounces back over the next few years, listed players will be better positioned

Chris Wood launches India-dedicated equity portfolio with 16 stocks

The portfolio includes marquee stocks such as ICICI Bank, HDFC, Bajaj Finance, and Reliance Industries

Shares of Jet Airways decline 5% after earnings announcement

The shares hit the lowest trading permissible limit for the day

World stock markets hover near record highs on hopes of recovery

U.S. consumer confidence jumped to its highest level in nearly 1-1/2 years in June, with growing labour market optimism as the economy reopens offsetting concerns about higher inflation.

Strong recovery likely to continue for auto ancillary companies

Good export demand, likely Q2 uptick, low interest rates are positive

India Pesticides initial public offering subscribed 29 times on last day

The initial public offer of India Pesticides Limited was subscribed 29 times on the closing day of the subscription on Friday. The Rs 800-crore IPO received bids for 56,07,11,650 shares against 1,93,10,345 shares on offer, as per NSE data. Qualified Institutional Buyers (QIBs) category was subscribed 42.95 times, non-institutional investors 51.88 times, and those for Retail Individual Investors(RIIs) 11.30 times. The initial public offer (IPO) comprised a fresh issue of Rs 100 crore and an offer for sale of Rs 700 crore. The offer was in a price range of Rs 290-296 per share. On Tuesday, India Pesticides raised Rs 240 crore from anchor investors. Proceeds from the fresh issue would be used towards funding the working capital requirements and general corporate purposes. India Pesticides is an R&D-focused agrochemical technical company, which has growing formulations business in herbicides, insecticides, and fungicide segments. It also manufactures active pharmaceutical ...

Markets regulator Sebi plans to come out with framework for SPACs

The regulator is expected to put in place guidelines in this regard next week