Posts in category Business Standard
ICICI Securities surges 15%; board to mull share delisting on June 29 (26-06-2023)
The company plans to delist its equity shares pursuant to a Scheme of Arrangement with ICICI Bank.
Shree Cement plunges 10%; hits 5-month low amid ongoing Income Tax survey (26-06-2023)
Last week the Income Tax department initiated a survey action at five locations of the cement manufacturer.
Gold price remains unchanged at Rs 59,180, silver falls Rs 200 to Rs 70,900 (26-06-2023)
The price of 22-carat gold also remained unchanged with the precious metal trading at Rs 54,250
Stocks to Watch: IndusInd Bank, Ipca Lab, Infosys, ICICI Securities, RVNL (26-06-2023)
Stocks to Watch on June 26, 2023: The Hinduja Group is in talks to invest Rs 10,000 crore to hike its stake in IndusInd Bank, as per media reports
MARKET LIVE: Broader indices gain; ICICI Securities rallies 13%, SJVN 6% (26-06-2023)
Stock market live updates: In the broader markets, the Nifty Midcap 100 index gained 0.2 per cent, while Nifty Smallcap 100 index was up 0.34 per cent
Bank Nifty near lower-end of consolidation range; key support at 43,400 (26-06-2023)
According to Ravi Nathani, an independent technical analyst, the Nifty 50 is seen consolidating in the 18,500 to 18,900 range.
Liquidation scheme for AIFs to aid in deriving maximum value: Experts (25-06-2023)
The introduction of liquidation scheme for alternative investment funds (AIFs) by market regulator Sebi provides an additional avenue for managers and investors to derive the maximum value for unliquidated investments, experts said on Sunday.
The new scheme provides flexibility to AIFs to deal with investments that are not sold due to a lack of liquidity during the winding-up process.
Also, it allows such unliquidated investments to be either sold to a new scheme of the same AIF (liquidation scheme) or to be distributed in-specie to investors of the AIF.
The regulator, on June 15, amended rules to permit AIFs to launch a liquidation scheme. Sebi, last week, laid out the modalities for launching the scheme and in-specie distribution to investors.
Dipen Ruparelia, Head of Products, Vivriti Asset Management, said these regulatory changes are a long-term positive for the corporate governance in the debt and AIF industries and will go a long way toward investors' confidence in the ...
M-cap of 6 of valued firms erodes by Rs 1 trn, Reliance takes biggest hit (25-06-2023)
Six of the top-10 most valued domestic firms suffered a combined erosion of Rs 1,02,280.51 crore in market valuation last week, amid a weak trend in equities, with Reliance Industries taking the biggest hit.
Last week, the BSE benchmark fell 405.21 points or 0.63 per cent amid a bearish trend in global equities and concerns over rate hikes by central banks of various countries.
From the top-10 pack, Reliance Industries, ICICI Bank, Hindustan Unilever, ITC, Infosys and State Bank of India faced erosion from their market capitalisation (mcap). However, Tata Consultancy Services (TCS), HDFC Bank, HDFC and Bharti Airtel emerged as the gainers.
The market valuation of Reliance Industries tumbled Rs 40,695.15 crore to Rs 17,01,720.32 crore.
Hindustan Unilever's mcap diminished by Rs 17,222.5 crore to Rs 6,20,797.26 crore.
State Bank's valuation fell by Rs 14,814.86 crore to Rs 4,95,048.22 crore and that of Infosys declined by Rs 11,204.66 crore to Rs 5,25,228.89 crore.
The mcap of ITC
Markets may face volatility, global cues to drive momentum: Analysts (25-06-2023)
Stock markets may face volatility in a holiday-shortened week ahead amid the scheduled monthly expiry of derivatives contracts, besides global trends will continue to influence trading at the benchmark indices, analysts said.
Focus would also remain on the movement of monsoon and trading activity of Foreign Institutional Investors (FIIs).
Equity markets will remain closed on Wednesday for Bakri Id.
"As we enter a new week, the market is expected to lack clear cues, but the expiration of June's F&O contracts may introduce some volatility as traders roll over their positions," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
On the domestic front, the movement of monsoon will be crucial, and fortunately, it is gaining momentum, Meena said.
He further added that in global markets, investors will closely monitor the movement of crude oil prices, the dollar index, and the US bond yields.
"We expect volatility to remain high due to the scheduled expiry of June month ...
Gold price declines Rs 430 to Rs 59,020, silver falls Rs 400 to Rs 71,100 (24-06-2023)
The price of 22-carat gold declined Rs 400 with the precious metal trading at Rs 54,100