Posts in category Business Standard
Equity investors become richer by Rs 3.24 trillion as markets rally (04-01-2024)
Investors' wealth grew by Rs 3.24 lakh crore on Thursday as the BSE Sensex jumped nearly 1 per cent after a two-day slide.
The 30-share BSE Sensex jumped 490.97 points or 0.69 per cent to settle at 71,847.57. During the day, it rallied 598.19 points or 0.83 per cent to 71,954.79.
The market capitalisation of BSE-listed companies climbed Rs 3,24,010.1 crore to hit an all-time high of Rs 3,68,32,843.41 crore.
"Market bounced back after the last two negative trading days led by strong monthly business updates of leading banks, emphasizing robust credit growth. The realty sector was the highest gainer in anticipation of robust demand in the residential category, which was supported by healthy housing loans disbursement data announced by banks," Vinod Nair, Head of Research at Geojit Financial Services, said.
Among the Sensex firms, Bajaj Finance jumped 4.44 per cent and NTPC climbed 3.54 per cent. IndusInd Bank, Axis Bank, Tata Motors, Nestle, Power Grid, Infosys, Bajaj Finserv and HDF
Gujarat-based Jyoti CNC Automation sets IPO price band at Rs 315-331 apiece (04-01-2024)
Gujarat-based Jyoti CNC Automation on Thursday said it has fixed a price band of Rs 315-331 per share for its initial public offering (IPO).
This will be the first public issue of 2024 on the main board of leading stock exchanges BSE and NSE.
The IPO of Jyoti CNC will open for public subscription on January 9 and end on January 11. The anchor book of the offer will be opened for a day on January 8, the company announced.
Investors can bid for a minimum of 45 equity shares and in multiples thereof, it said.
The company is planning to list its shares for the second time in nearly 10 years.
The IPO is entirely a fresh issue of equity shares worth up to Rs 1,000 crore.
The company has reserved 75 per cent of the issue size for qualified institutional buyers, 15 per cent for non-institutional investors, and the remaining 10 per cent for retail individual investors.
Proceeds from the issue would be used for debt payment, funding the long-term working capital requirements of the compan
Record monthly FPI buying in December drives Nifty 50 to record highs (04-01-2024)
FPIs bought shares worth 427.33 billion rupees in the first half of December, marking a fortnightly record, driven by lower U.S. bond yields amid expectations of interest rate cuts by Federal Reserve
Nifty Realty soars 6% in sharpest single-day rally since October 2021 (04-01-2024)
On October 7, 2021, the index had rallied 6.2 per cent. Today, it was quoting at its highest level since June 2008, BSE data showed
ONGC hits over 7-year high, up 3% on winning seven oil exploration areas (04-01-2024)
In the past six months, ONGC has outperformed the market by surging 32 per cent as compared to 10 per cent rise in the S&P BSE Sensex
Brigade Enterprises soars 13% on healthy outlook; zooms 60% since November (04-01-2024)
Since November, the stock of the real estate company has zoomed 60 per cent as it had reported a strong operational performance for the September quarter (Q2FY24)
Torrent Power surges 13% on signing Rs 47,350 cr-projects with Gujarat govt (04-01-2024)
The MoUs entail setting 3,450 MW of solar power projects, 1,045 MW of hybrid power projects, associated infrastructure for 7,000 MW solar project, green hydrogen/green ammonia output facility
Stars align for Indian sovereign bonds after first yearly gain since 2020 (04-01-2024)
The benchmark 10-year sovereign yield fell 15 basis points last year, the most in three years.
Stocks to Watch today, Jan 4: Adani Ports, NTPC, LIC, IT, Vedanta, OIL, IEX (04-01-2024)
Stocks to Watch on Thursday, January 4, 2024: The board of directors of Adani Ports and Special Economic Zone Limited (APSEZ) has approved raising funds up to Rs 5,000 crore
Nifty Energy, Pharma reaching near resistance levels; Check how to trade (04-01-2024)
Resistance for Nifty Energy index is anticipated around 34,000 and 34,300, signifying potential areas where selling pressure may intensify, as per Ravi Nathani