Posts in category Business Standard
Stock Market Live: Sensex down 150 pts; Sun Pharma sheds 3%, M&M 2% (31-10-2023)
Stock market Update on Tuesday, October 31: Kotak Bank and Asian Paints were the top gainers among the Sensex 30, while Sun Pharma, M&M and Bharti Airtel were the major laggards.
Trading strategies for Nifty PSU Bank, Pvt Bank, Financial Services indices (31-10-2023)
According to Ravi Nathani, an independent technical analyst, the Nifty Pvt Bank and Financial Services indices can be bought on dips, while the Nifty PSU Bank index seems range-bound on the charts.
Markets log gains for second day on buying in Reliance, HDFC Bank (30-10-2023)
The Nifty advanced 93.65 points or 0.49 per cent to 19,140.90
Nippon Life India Mutual Fund Q2 results: Profit rises 19% to Rs 235 crore (30-10-2023)
Nippon Life India Asset Management Ltd (NAM India) on Monday reported a 19 per cent growth in profit at Rs 235 crore in the second quarter ended September 2023.
It had posted a profit of Rs 197 crore in the same quarter of previous fiscal, the asset management company said in a regulatory filing.
Total income stood at Rs 440 crore in the period under review as compared to Rs 383 crore in the quarter ended September 30, 2022.
The board of Nippon Life India Asset Management Ltd has declared an interim dividend of Rs 5.50 per share for FY24, it said.
As on September 30, 2023, NAM India's assets under management stood at Rs 4.35 lakh crore.
ETF debuts in US set to break 2021 record as active-fund issues jump (30-10-2023)
Last month, ETF debuts set a monthly record of 69. So far in October, the total stands at 47, according to Morningstar Direct data
Sebi’s job to ensure capital formation: Ananth Narayan at BS BFSI Summit (30-10-2023)
Sebi WTM Ananth Narayan talks about walking the tightrope between overregulation and underregulation
17% households invest in stocks, i-bankers should get good cos to mkts: NSE (30-10-2023)
National Stock Exchange's managing director and chief executive officer Ashish Chauhan on Monday said 17 per cent of Indian households are invested in stocks, and urged investment bankers to get quality companies to the market.
Speaking at an event organised by the Association of Investment Bankers of India here, Chauhan said people who are seemingly poor are investing in entrepreneurs because of the trust factor and the number of investors are growing.
There are 8 crore unique investors from 5 crore households who are invested, which means 17 per cent of the overall households of the country are directly invested in the stock markets, Chauhan said, adding that initial public offerings (IPOs) by companies are the preferred route for entering the markets.
"So let us pray and of course work hard to ensure that only good companies come to the markets," Chauhan said in his address to the investment bankers.
He said if the country's largest bourse NSE was a country, it would be 20th ...
Muthoot Microfin, Flair Writing, Happy Forgings get Sebi’s nod for IPOs (30-10-2023)
Three companies -- Muthoot Microfin, Flair Writing Industries, and Happy Forgings -- have received capital market regulator Sebi's approval to raise funds through initial public offerings (IPOs).
The three companies, which filed their respective preliminary IPO papers with Sebi during July and August, obtained the regulator's observation letters on October 23-27, an update with the markets watchdog showed on Monday.
In Sebi's parlance, obtaining an observation letter means it is the go-ahead to launch the public issue.
Shares of these companies are proposed to be listed on the NSE and BSE.
As per the draft papers, Muthoot Microfin's public issue will comprise a fresh issue worth up to Rs 950 crore and an offer for sale (OFS) to the tune of Rs 400 crore.
Through the OFS route, various stakeholders plan to offload shares worth Rs 400 crore. While Greater Pacific Capital WIV Ltd proposes to offload equities worth up to Rs 100 crore, Thomas John Muthoot, Thomas Muthoot and Thomas Geor
Crude oil falls over 1% as concerns about West Asia affecting supply (30-10-2023)
Crude had jumped 3% on Friday after Israel stepped up ground incursions into Gaza, stoking worries the conflict could expand in a region that accounts for a third of global oil output
Foreign investors cut holdings of Indian stocks at fastest pace in months (30-10-2023)
India's benchmark NSE Nifty 50 Index has slipped 3.3% so far this month, faring a little better than the 3.8% decline seen in the broader MSCI Asia Pacific Index