All you need to know before the market opens on Budget Day, July 23: The Budget 2024-25 is likely to set the market direction in the near-term; Experts recommend keeping a close tab on Nifty 24,500.
Posts in category Business Standard
Budget 2024: Nifty Financial Services bearish on charts; check key levels (23-07-2024)
The Nifty Financial Services Index is currently showing a downtrend on the charts, with the near-term outlook appearing bearish
These are top picks by Jigar S Patel of Anand Rathi ahead of Budget 2024 (23-07-2024)
Recently, Tata Steel experienced a significant decline, dropping nearly 22 points after forming a double top at the 180 level.
Economic Survey joins chorus around the risky derivatives segment (22-07-2024)
Says mkt claim on real economy ‘excessively high’, warns it may lead to instability
Economic Survey 2023-24: Red-hot stock markets face Union Budget test (22-07-2024)
Tweaks to capital market-related taxes could tip the scales of investor sentiment
Sebi extends timeline for inputs on plan to facilitate ease of doing biz (22-07-2024)
Markets regulator Sebi on Monday extended the deadline for submission of public comments to July 29 on the proposal of providing additional time for disclosure of litigations or disputes involving claims against listed firms.
Sebi, on June 26, issued a consultation paper on recommendations of the expert committee for facilitating ease of doing business and harmonisation of the provisions of ICDR (Issue of Capital and Disclosure Requirement) and LODR (Listing Obligations and Disclosure Requirements) Regulations and had sought public comments by July 17.
Now, it has been decided to extend the timeline for submission of comments to July 29, the Securities and Exchange Board of India (Sebi) said in a statement.
In its consultation paper, the regulator proposed allowing companies to conduct virtual or hybrid shareholder meetings on a permanent basis.
Also, the markets watchdog has suggested additional time for disclosure of the outcome of the board meeting that concludes after trading .
‘Sebi did not get specific info on unfair trading on LS poll results day’ (22-07-2024)
Capital markets regulator Sebi has not received any specific information on any ‘unfair trading’ in the stock market crash on the Lok Sabha poll results day on June 4, which wiped out billions of investors wealth, Parliament was informed on Monday.
In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said stock market movements are a function of investor perceptions along with other factors.
He was replying to question whether it is a fact that there is an unprecedented fall of stock prices and points amounting to a loss of Rs 30 lakh crores to investors immediately after the general elections-2024 results.
The minister was also asked if it is a fact there was a demand to investigate the matter by the Securities and Exchange Board of India.
“Though SEBI has received representations on the above stock market movements, no specific information on any unfair trading has been provided,” Chaudhary said in his reply.
Benchmark BSE Sensex had shot up 3.4 pe
Investor subscribe Sanstar IPO 13.47 times offer size on day 2 of offer (22-07-2024)
The initial public offer of plant-based speciality products company Sanstar Ltd received 13.47 times subscription on the second day of share sale on Monday.
The Rs 510-crore initial share sale got bids for 50,64,45,900 shares against 3,75,90,000 shares on offer, according to NSE data.
The category for non-institutional investors received 32.84 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 12.14 times. The portion meant for Qualified Institutional Buyers (QIBs) fetched 1.29 times subscription.
The IPO has a fresh issue of up to 4.18 crore equity shares and an offer for sale of up to 1.19 crore equity shares.
The IPO has a price range of Rs 90-95 per share.
On Thursday, Sanstar Ltd said it has collected Rs 153 crore from anchor investors.
Proceeds from the fresh issue to the tune of Rs 181.55 crore will be utilised to fund the capital expenditure requirement for the expansion of the company’s Dhule facility, Rs 100 crore for debt payment a
Esha Media Research reports standalone net profit of Rs 0.35 crore in the June 2024 quarter (22-07-2024)
Sales rise 2775.00% to Rs 1.15 crore
Edelweiss Retail Finance standalone net profit declines 97.65% in the June 2024 quarter (22-07-2024)
Sales decline 11.94% to Rs 25.97 crore