Nifty has started forming lower tops and lower bottoms on the daily chart. Nifty also closed below the previous swing low of 24567, which could drag the index to the lower levels
Posts in category Business Standard
Investors subscribe Deepak Builders IPO 12 times offer size on day 2 (22-10-2024)
The initial public offer of engineering and construction company Deepak Builders & Engineers India Ltd got subscribed 12 times on the second day of share sale on Tuesday.
The Rs 260 crore initial share sale received bids for 10,75,78,932 shares against 89,67,061 shares on offer, according to data available with the NSE.
The non-institutional investors part got subscribed 17.39 times while the portion for Retail Individual Investors (RIIs) received 15.93 times subscription. The category for Qualified Institutional Buyers (QIBs) received 1.08 times subscription.
The Initial Public Offer (IPO) of Deepak Builders & Engineers India Ltd received 4.12 times subscription on the first day of share sale on Monday.
The IPO has a fresh issue of up to 1.07 crore equity shares and an offer for sale of up to 21,10,000 equity shares.
The price range for the offer is fixed at Rs 192-203 per share.
Fedex Securities Private Ltd is the book-running lead manager to the offer.
Reaching milestone: IPO market roars past Rs 1 trillion mark in 2024 (22-10-2024)
Ample domestic liquidity and encouraging post-listing performance have driven this year’s IPO success
Sebi issues framework on ties between intermediaries, unauthorised advisors (22-10-2024)
Markets regulator Sebi on Tuesday came out with a framework on associations between market intermediaries and unauthorised financial advisors, especially with regard to specified digital platforms.
This came after Sebi in August amended rules aimed at regulating associations between intermediaries, like stock exchanges, clearing corporations and depositories, and entities providing financial advice or making performance claims.
The rule restrains intermediaries, their agents, or associated persons from having direct or indirect ties with any entity that provides investment advice or recommendations without being registered or permitted by Sebi or makes performance or return-related claims unless specifically authorised by the regulator to do so.
However, if these interactions occur through specified digital platforms, they will not be subject to these restrictions.
In its circular on Tuesday, Sebi said the framework allows associations through “specified digital platforms”, which t
Sebi asks registered entities to end contracts with unregistered advisors (22-10-2024)
Markets regulator Sebi on Tuesday provided three months to registered entities and their agents to terminate their existing contracts with unregistered financial advisors.
This is part of Sebi’s move to curb unauthorized financial advice and performance claims in the securities market.
This came after Sebi in August amended rules aimed at regulating associations between intermediaries (like stock exchanges, clearing corporations, and depositories) and entities providing financial advice or making performance claims.
The rule restrains intermediaries, their agents, or associated persons from having direct or indirect ties with any entity that provides investment advice or recommendations without being registered or permitted by Sebi or makes performance or return-related claims unless specifically authorized by the regulator to do so.
However, if these interactions occur through specified digital platforms, they will not be subject to these restrictions.
In its circular on Tuesday,
Adani Energy gets Sebi notice for alleged misclassification of shareholding (22-10-2024)
Adani Energy Solutions also stated that there were no other pending regulatory proceedings against the company except for the two show-cause notices
F&O cannot be a national pastime: Sebi whole-time member Ashwani Bhatia (22-10-2024)
Warns Sebi whole-time member Ashwani Bhatia as regulator takes steps to curb frenzy in derivatives segment
Markets log worst 1-day fall in 3 weeks amid FPI exit; Sensex down 931 pts (22-10-2024)
Weak earnings also weigh on sentiment; Sensex, Nifty down 7% from peak
Mutual fund units to fall under PIT regulations from November 1 (22-10-2024)
The market regulator had issued the notification on the inclusion of MF units under PIT in November 2022, but it is being made effective now after consultation with industry bodies and members
Investors subscribe Waaree Energies’ IPO 8.78 times offer size on day 2 (22-10-2024)
The initial public offer of solar panel maker Waaree Energies Ltd received 8.78 times subscription on the day two of share sale on Tuesday.
The Rs 4,321.44 crore initial share sale received bids for 18,51,56,208 shares against 2,10,79,384 shares on offer, as per NSE data.
The portion for non-institutional investors fetched 24.30 times subscription, while the category for Retail Individual Investors (RIIs) got subscribed 6.36 times. Qualified Institutional Buyers (QIBs) received 1.73 times subscription.
Waaree Energies on Friday said it has mobilised Rs 1,277 crore from anchor investors.
The issue, with a price band of Rs 1,427 to Rs 1,503 per share, will conclude on October 23.
The IPO is a combination of a fresh issue of equity shares aggregating to Rs 3,600 crore and an Offer-For-Sale (OFS) of 48 lakh equity shares worth Rs 721.44 crore, at the upper end of the price band, by a promoter and existing shareholders. This translates into a total size of Rs 4,321.44 crore.
Under the