Posts in category Business Standard
Stocks to watch: RIL, TCS, Bharti Airtel, PNB, Vedanta, NMDC, JK Tyre (22-06-2023)
Stocks to watch on June 22, 2023: From Reliance Industries to Tata Consultancy Services, here are the top stocks to watch in Thursday's trading session
Stock Market LIVE: Sensex, Nifty volatile; IDFC First Bank, M&M Fin drop 3% (22-06-2023)
Stock market LIVE updates on June 22, 2023: Among sectors, the Nifty IT index was down about 0.85 per cent, while the Nifty Metal index was up by 0.65 per cent
Trading strategies for Nifty Auto, Realty indices (22-06-2023)
While the Nifty Realty index is expected to pullback in the near-term, the Nifty Auto index seems to be trapped in a consolidation range, says Ravi Nathani, an independent technical analyst.
Mcap of BSE-listed firms reach record high of Rs 294.5 trn in morning trade (21-06-2023)
The market capitalisation of BSE-listed firms hit a fresh all-time high of Rs 294.49 lakh crore in Wednesday's morning trade as the benchmark Sensex reached its lifetime peak of 63,588.31.
The 30-share BSE benchmark advanced 260.61 points or 0.41 per cent to hit its all-time high of 63,588.31 in morning trade.
On December 1 last year, the Sensex hit its intra-day record peak of 63,583.07.
The optimistic trend in equities helped the market capitalisation (mcap) of BSE-listed firms reach an all-time peak of Rs 2,94,49,069.63 crore in morning trade.
Buying in index majors HDFC twins and Reliance Industries helped the markets to trade firm.
"Sensex touched the all-time high mark, and Nifty 50 is a few points away from the all-time high level.
"The Indian market has seen a solid rally in the last couple of months, especially in the mid- and small-cap space, led by positive FII flows, robust economic growth versus other EM countries, strong earnings outlook, robust demand across the se
Frozen meat exporter HMA Agro Industries IPO subscribed 55% on Day 2 (21-06-2023)
The Initial Public Offer (IPO) of frozen meat exporter HMA Agro Industries was subscribed 55 per cent on day two of its subscription on Wednesday.
The Rs 480-crore IPO received bids for 33,56,750 shares against 60,54,054 shares on offer, according to NSE data.
The portion for non-institutional investors received 1.20 times the subscription while the category for retail individual investors (RIIs) got subscribed 38 per cent and that of qualified institutional buyers (QIBs) 37 per cent.
The initial public offer has a fresh issue of up to Rs 150 crore and an offer of sale of up to Rs 330 crore. The price range for the offer is Rs 555-585 a share.
Aryaman Financial Services is the manager to the offer.
The company proposes to utilise the net proceeds of the fresh issue for funding working capital requirements and other general corporate purposes.
The shares of the company will be listed on both BSE and NSE.
Sebi proposes standard format on trading preference for different exchanges (21-06-2023)
Capital markets regulator Sebi on Wednesday prescribed a standard format for seeking the trading preference of clients for the same product in different exchanges.
Currently, clients need to give separate authorisation/letters in case they want to trade on different stock exchanges for a particular segment.
Based on the representations received and in consultation with stock exchanges, it has been decided to standardise the format of "Trading Preferences" to ensure that clients are permitted to access all the stock exchanges in which the stock brokers are registered for the same segment, the regulator said.
Under the new mechanism, all stock brokers are mandated to register their new clients on all the active stock exchanges after obtaining the trading preferences as per format.
For existing clients, the brokers are mandated to offer them access to all the active stock exchanges for the segments already opted by them, as a default mode, within three months and inform their clients
Bitcoin hits six-week high as financial titans step up crypto initiatives (21-06-2023)
The largest digital asset rose as much as 6.1% and traded at $29,789 as of 11:26 am in New York on Wednesday, lifting the token's rebound this year to almost 80%. Smaller coins such as Ether, Cardano
Markets logs fresh all-time highs amid gains in index heavyweights (21-06-2023)
Nifty settles at record close; FPI flows drive the rally
Sebi cracks down on bulk SMS scam, bars 135 entities from securities market (21-06-2023)
Impounds Rs 126 cr of wrongful gains; issues notices to over 200 entities
Sebi bars entities from securities market over stock manipulation (21-06-2023)
Sebi levied a penalty of about 1.26 billion rupees towards wrongful gains made from alleged market manipulation of small-cap companies through bulk messages