On an hourly scale, MRPL has been showing a consolidation pattern above the 21, 50, 100, and 200-period Exponential Moving Averages (EMA)
Posts in category Business Standard
Stocks to buy and sell on July 4: Bhel, Lupin, Firstsource Solutions (04-07-2024)
Pharma index has rebounded from the key support zone and LUPIN is offering fresh buying opportunity with favorable risk to reward
Sebi has a strong case against US-based Hindenburg Research, say lawyers (03-07-2024)
On June 26th, the Sebi issued show-cause notices to Hindenburg Research LLC, US-based hedge fund manager Mark E Kingdon, and four others
Sensex crosses 80k for the first time, gains 10k since result-day low (03-07-2024)
It may climb even higher amid hopes of Fed rate cut
Sebi cuts face value of debt securities to boost retail participation (03-07-2024)
Markets regulator Sebi on Wednesday drastically cut the face value of debt securities to Rs 10,000 from Rs 1 lakh at present to boost participation of retail investors in the corporate bond market.
Market participants are of the view that lower ticket size of debt securities may encourage more non-institutional investors to participate in the corporate bond market which in turn may also enhance liquidity.
In a circular, Sebi said, “the issuer may issue debt security or non-convertible redeemable preference shares on private placement basis at a face value of Rs 10,000”.
This, however, would be subject to certain conditions like the issuer should appoint at least one merchant banker, and non-convertible debentures and non-convertible redeemable preference shares be plain vanilla, interest or dividend-bearing instruments.
Sebi said that credit enhancements would be permitted in such instruments.
With respect to General Information Document (GID), which is valid as on the ‘effective
HDFC Bank share price touches all-time high, closes at Rs 1,768.35 (03-07-2024)
This is on hopes that lender’s weight in MSCI Emerging Market index will double in August
Steel manufacturer Bansal Industries’ IPO subscribed 1.76 times on Day 1 (03-07-2024)
The initial public offer of steel wire manufacturer Bansal Wire Industries received 1.76 times subscription on the first day of bidding on Wednesday.
The initial share sale received bids for 3,77,76,154 shares against 2,14,60,906 shares on offer, according to NSE data.
The quota for Retail Individual Investors (RIIs) got subscribed 2.47 times while the portion for non-institutional investors fetched 2.44 times subscription. The Qualified Institutional Buyers (QIBs) part received 1 per cent subscription.
Bansal Wire Industries on Tuesday said it has collected over Rs 223 crore from anchor investors.
The public issue is an entirely fresh issue of equity shares worth Rs 745 crore, with no offer-for-sale (OFS) component.
The issue, with a price band of Rs 243-256 per share, will be open for public subscription during July 3-5.
Funds will be used for the payment of debt, to support the working capital requirements of the company, and for general corporate purposes.
Bansal Wire Indust
Board of Aditya Vision approves stock split and listing of share on NSE (03-07-2024)
At meeting held on 03 July 2024
Bain Capital-backed Emcure Pharma IPO fully subscribed on Day 1 of offer (03-07-2024)
The issue, with a price band of Rs 960 to Rs 1,008 per share, will be open for public subscription till July 5. The IPO comprises fresh issuance of equity shares worth Rs 800 crore
Mcap of BSE-listed firms hit record high of Rs 445.43 trn amid record rally (03-07-2024)
The 30-share Sensex hit the historic 80,000-mark for the first time earlier in the day. It surged 632.85 points, or 0.79 per cent, to hit a record intra-day high of 80,074.30