The offer received bids for 2.07 crore shares as against 1.51 crore shares on offer.
Posts in category Business Standard
‘Sebi’s plan on index derivatives to reduce volumes, lower volatility’ (31-07-2024)
Markets regulator Sebi’s proposal on tightening rules for index derivatives if implemented may result in erosion of volumes from Futures & Options (F&O), experts said on Wednesday.
At the same time, it will enhance investor protection and promote market stability in derivatives markets, they added.
In its consultation paper on Tuesday, the regulator has proposed seven measures, including increasing minimum contract size and upfront collection of option premiums, intra-day monitoring of position limits, rationalisation of strike prices, removal of calendar spread benefit on expiry day and increase in near contract expiry margin.
One of the proposals is to rationalise weekly expiry and restrict it to one per week on the benchmark index per exchange. This change will likely impact volumes, as the recent volumes in the equity derivatives segment have been driven by weekly expiries, HDFC Securities MD & CEO Dhiraj Relli said.
“Reducing volumes in F&O will bring down the …
India’s core sector grows by 4% on year in June 2024 (31-07-2024)
The combined Index of Eight Core Industries (ICI) increased by 4.0 per cent (provisional) in June, 2024 as compared to the Index in June, 2023. The production of Coal, Electricity, Natural Gas, Steel, Fertilizer sand Cement recorded positive growth in June 2024. The final growth rate of Index of Eight Core Industries for March 2024 stands at 6.3 per cent. The cumulative growth rate of ICI during April to June, 2024-25 was 5.7 per cent (provisional) as compared to the corresponding period of last year.
Fiscal deficit at 8.1% of FY25 target (31-07-2024)
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INR Consolidates In Narrow Range (31-07-2024)
The Indian rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 83.72 (provisional) against the US dollar on Wednesday, as the support from positive domestic equities was negated by month-end Dollar demand from importers. The 30-share BSE Sensex ended the session at 81,741.34, up 285,94 points, or 0.35 percent from its previous close. The broader NSE Nifty index ended up 93.85 points, or 0.38 percent, at 24,951.15.The domestic currency however continues o linger around record low levels. Pullback in dollar overseas ahead of FOMC outcome later in the global day is also supporting the local unit. The Fed is widely expected to leave interest rates unchanged, but the accompanying statement might provide hints on the timing and pace of interest-rate cuts in the next few months. At the interbank foreign exchange market, the domestic currency opened 1 paisa higher than the previous day’s close.
Adani Power Q1 PAT slumps 55% to Rs 3,913 cr (31-07-2024)
Adani Power (APL) reported 55.33% fall in consolidated net profit to Rs 3,912.79 crore in Q1 FY25 as compared to Rs 8,759.42 crore recorded in Q1 FY24.
Bank of Baroda consolidated net profit rises 6.19% in the June 2024 quarter (31-07-2024)
Total Operating Income rise 11.21% to Rs 31143.01 crore
Rahul Merchandising reports standalone net loss of Rs 0.01 crore in the June 2024 quarter (31-07-2024)
Sales reported at Rs 0.03 crore
North Eastern Carrying Corporation standalone net profit rises 146.31% in the June 2024 quarter (31-07-2024)
Sales decline 7.42% to Rs 77.63 crore
Board of Newgen Software Technologies appoints director (31-07-2024)
At meeting held on 30 July 2024