Posts in category Business Standard
Nifty IT, Auto Indices: Look bullish on charts, await dips to enter (07-02-2024)
According to Ravi Nathani, an independent technical analyst, the Nifty IT index may face resistance around 38,380 and 39,360; while hurdle for the Auto index is placed at 20,450.
FPI allocation to financial stocks declines below 30%, shows data (06-02-2024)
The selling comes on the back of third quarter (3QFY24) earnings missed by HDFC Bank, Bajaj Finance, and Axis Bank. FPIs also pulled out over Rs 2,000 crore amid earnings miss by Hindustan Unilever
ChrysCapital Management to raise $300 million to retain NSE stake (06-02-2024)
ChrysCapital bought a 5 per cent stake in NSE, one of the largest stock exchanges in the world, in 2016. The firm wants to keep its investment until the bourse goes public
Sebi issues guidelines for returning draft document of public issues (06-02-2024)
Markets regulator Sebi on Tuesday came out with guidelines for returning the draft offer document for public issues and its resubmission in a bid to provide greater clarity and consistency in the disclosures as well as for timely processing.
In a circular, Sebi said the draft offer document for public issue or rights issue of securities will be scrutinized based on the broad guidelines specified by it and accordingly, such document will be returned to the issuer for resubmission.
Under the guidelines, the draft offer document is required to be prepared in simple language with visual representation of data to ensure ease of understanding of its contents and the information needs to be presented in a clear, concise, and intelligible manner.
The draft offer document needs to avoid complex presentations; vague and ambiguous and imprecise explanations; repetition of disclosures in different sections of the document and inconsistency in the data or facts provided in different sections of
Axis Mutual Fund launches Sensex index fund, aims Rs 100 cr NFO collection (06-02-2024)
Axis Mutual Fund on Tuesday announced the launch of a new fund from which it targets to collect at least Rs 100 crore during the primary subscription period.
The Axis Sensex index fund is an open-ended scheme tracking the S&P BSE Sensex, and opens on February 8 and closes on 22nd.
Considering the wide spectrum of sectors and the largest companies the index covers, it offers investors a diversified portfolio and an opportunity to participate in the growth story of various sectors with a single index, said B Gopkumar, MD & CEO.
On the rationale behind the fund, he said passive investing is becoming more and more acceptance today and the new fund recognises the need to provide an investment option that aligns with the evolving preferences of today's investors.
Ashish Gupta, Chief Investment Officer told PTI that the fund house is targetting to raise at least Rs 100 crore during the subscription period.
Entero Healthcare Solutions set to launch Rs 1,600-crore IPO on February 9 (06-02-2024)
In FY23, Entero Healthcare reported Rs 33,00.20 crore in revenue from operations with a gross profit of Rs 268.34 crore
Investors subscribe Park Hotels IPO 5.82 times on second day of offer (06-02-2024)
The initial public offering of Apeejay Surrendra Park Hotels, which runs hotels under the 'The Park' brand, got subscribed 5.82 times on the second day of the offer on Tuesday.
The Rs 920 crore-IPO received bids for 20,21,97,696 shares against 3,47,61,903 shares on offer, as per NSE data.
The portion for Retail Individual Investors (RIIs) fetched 13.11 times subscription while the quota for non-institutional investors got subscribed 10.35 times. The category for Qualified Institutional Buyers (QIBs) attracted 1.26 times subscription.
The initial share sale of Apeejay Surrendra Park Hotels was fully subscribed on the first day of bidding on Monday.
The Initial Public Offering (IPO) has a fresh issue of up to Rs 600 crore and an Offer For Sale (OFS) component of up to Rs 320 crore.
Price range for the offer is Rs 147-155 a share.
Those offering shares in the OFS are Apeejay Surrendra Trust, Apeejay Pvt Ltd, RECP IV Park Hotel Investors Ltd and RECP IV Park Co-Investors Ltd.
At pre
Capri Global Capital fixes record date for stock split (06-02-2024)
Record date is 05 March 2024
Board of Godawari Power approves capex of Rs 6000 cr for greenfield steel plant (06-02-2024)
At meeting held on 06 February 2024
Sensex spurts 455 pts, Nifty settles above 21,900; IT shares rally (06-02-2024)
The domestic equity benchmarks closed the session near the day's highs despite initial concerns over a delay in US Federal Reserve rate cuts. The Nifty settled above the 21,900 level after hitting days low of 21,737.55 in early trade. IT, metals and oil & gas shares led the gains, with the Nifty forming a bullish candle on the daily chart, indicating potential upside if it breaches the 22,100 hurdle. Overall, the market's technical chart structure remained positive, with sectoral rotation evident.