Posts in category Business Standard
Sensex leaps 394 pts, Nifty ends at 19,811; Auto stocks gain most, PSBs dip (11-10-2023)
Stock market highlights on Wednesday, October 11: The BSE Sensex closed 394 points higher at 66,473 after easing from the day's high of 66,592. The NSE Nifty ended at 19,811, up 120 points
Support for Nifty shifts higher to 19,480; resistance seen at 19,766 (11-10-2023)
Among individual stocks, Vinay Rajani, technical & derivative analyst of HDFC Securities, recommends a Buy on Gujarat Alkalies and MSTC.
Nifty FMCG, Auto: Charts indicate divergent trend for these two indices (11-10-2023)
According to Ravi Nathani, an independent technical analyst, Nifty FMCG index stands resilient, and promises potential gains in this nuanced market landscape.
58% large cap index funds fail to beat underlying indices in first half (10-10-2023)
Large index funds continued to underperform in the first half of 2023 with 58 per cent large cap funds failing to beat their underlying indices and the overall underperformance being as high as 85.2 per cent.
According to S&P Dow Jones Indices -- a leading index provider globally -- the underperformance rates for the domestic equity and bond mutual funds have been elevated over the past three- and five-year periods.
Based on the varying performance of active managers across different fund categories, most equity large-cap funds failed to beat their benchmarks, with 58 per cent of actively managed funds underperformed on the S&P BSE 100 in the first half of 2023.
In the fixed income fund category, while the BSE India government bond index rose 4.7 per cent in the first six months, fewer than one-sixth of active bond fund managers beat the benchmark during the period, with an underperformance rate of 85.2 per cent.
But fewer funds performed badly as tenure, with underperformance
Options contracts of Nifty Financial Services index witness wild swings (10-10-2023)
It opened at Rs 162 compared to the previous day's close of Rs 224
Mufti brand owner Credo and RBZ Jewellers get Sebi’s approval for IPOs (10-10-2023)
Credo Brands Marketing Ltd, which owns denim brand Mufti, and B2B and retail jewellery firm RBZ Jewellers Ltd have received approval from capital markets regulator Sebi to mobilise funds through initial public offerings (IPOs).
RBZ Jewellers and Credo Brands, which filed draft papers with Sebi during June and July, obtained observations on September 28 and October 6, respectively, data with the Securities and Exchange Board of India (Sebi) showed on Tuesday.
In Sebi's parlance, its observation means its go-ahead to float the public issue.
Going by the draft papers, Credo Brands' maiden public issue is entirely an offer for sale (OFS) of up to 1.96 crore shares by promoters and other existing shareholders.
At present, promoters and promoter group members together hold over 67 per cent stake in Credo Brands Marketing. Bennett Coleman & Co, which made an investment of over Rs 9 crore for 9.72 per cent ownership, holds a 12.36 per cent stake in the company.
Credo Brands Marketing is .
Fund managers’ largecap performance improves, but lose edge in smallcaps (10-10-2023)
Fund managers attribute this outperformance to a broad-based recovery in the market and a sharp surge in mid-caps and small-caps
BSE Realty index hits 15-year high; Prestige Estates Projects rises 8.6% (10-10-2023)
The index, representing the performance of real estate stocks, climbed 4.1 per cent to close at Rs 4,842.12, marking its highest level since 12 September 2008
Mutual fund equity buys hit six-month high in September, shows data (10-10-2023)
The MF industry has not yet released the inflow data for September
Sebi extends timeline for confirmation or denial of market rumours (10-10-2023)
To streamline disclosure requirements, Sebi has notified new rules and extended the deadlines for mandatory confirmation or denial of market rumours by listed companies.
This came after Securities and Exchange Board of India (Sebi), through a circular in late September, gave more time to listed companies to comply with the deadlines.
The deadline to confirm, deny, or clarify any market rumour reported in the mainstream media has been extended to February 1, 2024 for top 100 listed companies by market capitalisation, as per the circular.
Earlier, it was scheduled to come into force from October 1, this year.
Similarly, for top 250 listed entities, the rule will kick in on August 1, 2024, instead of April 1, 2024.
To give this effect, the regulator has amended the Listing Obligations and Disclosure Requirements (LODR) rules, according to a gazette notification issued on Monday.
The rule is aimed at strengthening the corporate governance of listed entities, it said.
Under the discl