Posts in category Business Standard
Record eight-year winning streak seen extending for Indian equities (29-12-2023)
That's the key takeaway from an informal Bloomberg News survey of 10 fund managers and strategists, seven of whom said the NSE Nifty 50 Index will rise in 2024
Gold price jumps Rs 430 to Rs 64,250, silver climbs Rs 300 to Rs 79,500 (29-12-2023)
The price of 22-carat gold climbed Rs 400, with the yellow metal selling at Rs 58,900
Stock Market LIVE: Sensex, Nifty in red; TaMo up 6%, doubles returns in ’23 (29-12-2023)
Stock market LIVE updates on December 29, 2023: Sectorally, all except the Nifty Auto and FMCG indices were trading with losses
Stocks to Watch today: TCPL, Tata Coffee, PNB, Railtel, BoB, IDFC First Bk (29-12-2023)
Stocks to watch on Friday, December 29, 2023: Tata Consumer, Tata Coffee fixes merger date; Innova Captab to debut; PNB board okays Rs 7,500 crore fund raise and more such stocks in the news today.
Azad Engineering shares settle with over 29% premium in debut trade (28-12-2023)
Shares of Azad Engineering Ltd ended with a premium of over 29 per cent against the issue price of Rs 524 on the first day of trade on Thursday.
The stock made its debut at Rs 710, reflecting a jump of 35.49 per cent from the issue price on the BSE. During the day, it zoomed 38.83 per cent to Rs 727.50. Shares of the company ended at Rs 677.10 apiece, rallying 29.21 per cent.
On the NSE, the stock listed at Rs 720, up 37.40 per cent. Shares of the company ended at Rs 673.25 per piece, a jump of 28.48 per cent.
The company's market valuation stood at Rs 4,002.54 crore.
In volume terms, 7.80 lakh shares of the company were traded on the BSE and over 1.51 crore shares on the NSE during the day.
In the equity market, the 30-share BSE Sensex jumped 371.95 points or 0.52 per cent to settle at an all-time closing high of 72,410.38. The Nifty climbed 123.95 points or 0.57 per cent to settle at a fresh record of 21,778.70.
The initial share sale of Azad Engineering received 80.60 times ..
Sebi proposes action points to ease rumour verification regulations (28-12-2023)
The regulator has put forth the suggestions of the Industry Standard Forum to address the current challenges
Rate impact, inflation decline: Axis MF forecasts 2024 as year of contrast (28-12-2023)
Citing the recent state election results, the note stated that the risks from the general election are low
Markets scale fresh peaks on rate cut bets, Sensex jumps 372 points (28-12-2023)
The Sensex began the session with a new high and rose to 72,484.34, to end at 72,410, a gain of 372 points or 0.5 per cent
Smallcap rush pushes hybrid funds to sidelines, show slowest account growth (28-12-2023)
The net inflows into hybrid schemes in 2023 (as of November) stood at Rs 78,200 crore. Arbitrage and equity savings accounted for 68 per cent of the total inflows
Sebi outlines rules for NPOs’ ‘zero coupon zero principal’ public issuance (28-12-2023)
Capital markets regulator Sebi on Thursday came out with a procedure for public issuance of 'zero coupon zero principle' instruments by not-for-profit organisations (NPOs) and listing of such instruments on the Social Stock Exchange (SSE).
Under this, the SSE will have to specify the details to be incorporated in the fundraising document.
In 2022, the government declared "zero coupon zero principal instruments" as securities.
In a circular, Sebi said that an NPO, through the lead manager, is required to file the draft fundraising document with the SSE and an application seeking in-principle approval for listing the instrument on the SSE.
The SSE will provide its observation on the draft fundraising document to the NPO within 30 days from the filing of the papers or receipt of clarification, if any, sought by the exchange from the NPO, whichever is later.
NPO will incorporate the observations of the SSE in a draft document and file the final papers to the SSE prior to opening the .