Bank Nifty ended the previous session with “Doji” candlestick pattern on the daily chart, which indicates indecision amongst the traders, as per Vinay Rajani
Posts in category Business Standard
Stock market LIVE: Sensex slumps 1100 pts, Nifty below 21,700 in pre-open (17-01-2024)
Stock market LIVE updates on January 17, 2024: Gift Nifty futures were down 150 pts at 21,860; China Q4 GDP grew 5.2 per cent YoY, slightly missing estimates. Hang Seng in Hong Kong sank 2.7 per cent
Angel One shares tank after weak Q3; Jio Financial down nearly 7% (16-01-2024)
Shares of Jio Financial Services Ltd On the NSE, declined 6.48 % to Rs 249.45 per share.The company’s market valuation eroded by Rs 11,372.38 crore to Rs 1,58,133.24 crore.In volume terms
GSPC, IGX to set up global hydrogen trading mechanism at GIFT IFSC (16-01-2024)
The International Financial Services Centre (IFSC) at GIFT City in Gandhinagar on Tuesday announced a strategic collaboration with the Indian Gas Exchange (IGX) and state-owned Gujarat State Petroleum Corporation (GSPC) to set up a global hydrogen trading mechanism.
“A key aspect of this collaboration is the subsequent launch of the Global Hydrogen Price Index, a benchmark that will play a pivotal role in price discovery and market information on the burgeoning green hydrogen market in India,” the Gujarat International Finance Tec-City (GIFT City) said in a release.
The mechanism is expected to enhance transparency, boost investor confidence, and facilitate the growth of the green hydrogen market on a global scale, it said.
GSPC jointly with IGX will develop a mechanism to create an index for hydrogen and attract global institutions to trade in GIFT IFSC, the release said.
GIFT City SEZ is a notified IFSC in India with banking, insurance, capital markets, asset management, and FinT
Equity market in bullish zone even as valuations rise: Bajaj Finserv AMC (16-01-2024)
The AMC’s behavioural indicator, which tracks investors’ behaviour in four markets – currency, commodity, bond and equity, has been showing a bullish signal since April 2023
Mutual fund distributor sops come under market regulator Sebi’s radar (16-01-2024)
Amfi writes to AMCs for second time in 10 months, asks them to withdraw such programmes
EPACK Durable sets Rs 218-230 price band for IPO worth Rs 640 crore (16-01-2024)
EAPCK Durable, the second-largest outsourced design manufacturer of room air-conditioners, on Tuesday fixed a price band of Rs 218-230 per share for its Rs 640 crore initial public offering.
The share sale, which opens on January 19, comprises Rs 400 crore of fresh issue and a Rs 240-crore offer for sale by promoters, promoter group members, and existing shareholders who collectively be offloading 1.3 crore shares.
Pre-issue, promoters own 67 per cent of the company.
Two investor shareholders India Advantage Fund S4 I and Dynamic India Fund S4 US1, which are owned by ICICI Ventures, will be offloading a third of their total 20 per cent holding in the company, Bajrang Bothra, the chairman of the company told PTI here.
Ajay Singhania, the managing director & chief executive, said ICICI Ventures entered the company in September 2021 with a Rs 160 crore funding for around 20 per cent stake.
The company also has another external investor in Affirma Capital, which in September 2022 …
AIF commitments cross Rs 9.5 trillion till September 2023, shows data (16-01-2024)
The investment commitments are usually received in tranches from investors by the fund managers and are reflected in the total funds raised
Medi Assist’s Rs 1,171 crore IPO subscribed 1.20 times on 2nd day of offer (16-01-2024)
The Initial Public Offering (IPO) of Medi Assist Healthcare Services got subscribed 1.20 times on the second day of subscription on Tuesday.
The Rs 1,171.57 crore-IPO received bids for 2,34,69,985 shares against 1,96,19,719 shares on offer, as per NSE data.
The category for Retail Individual Investors (RIIs) received 1.70 times subscription while the quota for non-institutional investors got subscribed 1.61 times. The portion for Qualified Institutional Buyers (QIBs) got subscribed 1 per cent.
The IPO is entirely an Offer for Sale (OFS) of up to 2,80,28,168 equity shares. It has a price range of Rs 397-418 a share.
Medi Assist Healthcare Services, the Bessemer Ventures and Investcorp-backed third-party insurance administrator, on Friday raised Rs 351.5 crore from anchor investors.
The selling promoters include company chairman Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer Health Capital, and Investcorp Private Equity Fund.
Medi Assist covers over 18,000 hospit
Sebi renews recognition to AMC Repo Clearing for 1 yr to clear transactions (16-01-2024)
The regulator has granted renewal of recognition for one year starting from January 17, 2024 till January 16, 2025, according to a notification uploaded on Sebi’s website on Tuesday