The offer received bids for 16.45 crore shares as against 0.66 crore shares on offer.
Posts in category Business Standard
BJP’s coalition govt may not be ‘reformist’; what it means for markets? (04-06-2024)
Going by the Lok Sabha election results trend, Analysts now believe that a coalition government for the BJP seems all the more probable
Singapore Exchange Market falls 0.3% (04-06-2024)
At closing bell, the Straits Times Index (STI) index was down 9.93 points, or 0.3% to 3,338.94 after trading between 3,332.88 and 3,349.17. Across the broader market, decliners outpaced advancers 281 to 272, with 1.21 billion securities worth S$1.17 billion changed hands.
Stock market future trajectory depends on new govt’s policies, GDP growth (04-06-2024)
Future trajectory of stock market hinges on the new government’s economic policies, with factors like GDP growth, inflation, and global conditions playing a key role, experts said on Tuesday.
With the BJP-led NDA still looking to form a government, though with the important support of coalition partners, markets look jittery about the prospects of strong decision making.
In fact, experts cautioned investors to be prepared for volatility due to currently high valuations and suggested adopting a diversified approach.
Benchmark equity indices Sensex and Nifty tanked over 8 per cent in intra-day on Tuesday and later ended nearly 6 per cent lower, suffering their worst decline in four years, as trends showed the ruling BJP is short of clear majority in the Lok Sabha elections.
Sensex crashed 4,389.73 points to settle at 72,079.05 and Nifty tanked 1,379.40 points to 21,884.50. However, markets jumped sharply on Monday after exit polls predicted a massive win for the BJP-led NDA in the Lo
Sensex tanks 4,389 pts: Markets to derate; should long-term investors buy? (04-06-2024)
The S&P BSE Sensex index plunged over 6,200 points intraday, before settling 4,390 points, or 5.74 per cent, lower at 72,079 levels, on Tuesday
Hong Kong Market gains 0.22% (04-06-2024)
At closing bell, the benchmark Hang Seng Index advanced 41.07 points, or 0.22%, to 18,444.11. The Hang Seng China Enterprises Index jumped 22.33 points, or 0.34%, to 6,554.32.
Quick Wrap: Nifty PSE Index declines 16.38%, NIFTY Tumbles 5.93% (04-06-2024)
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Sensex nosedives 4,390 pts; Nifty sinks below 21,900; VIX climbs 23.65% (04-06-2024)
Indices were in a free fall downward spiral in todays trade, as trends revealed that INDIA block has put up a better fight than anticipated and that Prime Minister Narendra Modi-led NDA is unlikely to win with a huge margin. BSE Sensex and Nifty50 have plummeted almost 6%, a stark reversal from Monday’s 3% gains driven by exit poll projections of a decisive NDA victory.
Are coalition governments bad for the markets? Not necessarily; here is why (04-06-2024)
While market sentiment will no doubt take a sharp hit in the event of a change in government or a weak coalition, analysts said, it’s important to remember that there are many good things going well
Sebi forms panel to review ownership, economic structure of clearing corps (04-06-2024)
Capital markets regulator Sebi on Tuesday said it has set up a committee to review the ownership and economic structure of clearing corporations and suggest measures to ensure that clearing corporations function as resilient, independent, and neutral risk managers.
The ad-hoc committee would be chaired by Usha Thorat, former Deputy Governor of the Reserve Bank of India (RBI).
The decision has been taken in the wake of the substantial growth of Indian securities markets in recent years and the importance of clearing corporations as central risk management institutions.
In a statement, Sebi said that the committee has been entrusted with the task of reviewing ownership structure as well as finances of clearing corporations.
With regards to ownership structure, the committee will examine the feasibility, and broadening the list of eligible investors, who are allowed to take shareholding in a clearing corporation and suggest categories of investors who can acquire stakes in such …