Global Surfaces makes stellar debut; zooms 23% over issue price

It earns 99% of its revenues from overseas markets like US, Canada and the Middle East. Segment wise, engineered quartz make for 83% of its revenue while natural stones make for 17%

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Electronic firm Avalon Technologies to launch its Rs 865-cr IPO on April 3

The Rs 865 crore initial share sale of electronic manufacturing services firm Avalon Technologies will open for public subscription on April 3. The three-day initial public offering (IPO) will close on April 6, and the bidding for anchor investors will open on March 31, according to the red herring prospectus (RHP). The company has cut the size of its IPO to Rs 865 crore from Rs 1,025 crore planned earlier. Now, it plans to mobilise Rs 320 crore from fresh issuance of equity shares and Rs 545 crore through an offer for sale (OFS) of shares by promoters and existing shareholders. Proceeds from the fresh issue would be used towards debt payment, funding working capital requirements and general corporate purposes. In January, the company received capital markets regulator Sebi's go-ahead to float the IPO. Founded in 1999, Avalon is an end-to-end electronic manufacturing service solutions provider and counts Kyosan India, Zonar Systems Inc, Collins Aerospace, e-Infochips, The US Mala

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VA Tech Wabag rallies 7%, hits 3-month high on strong growth outlook

The company has won a design, build and operate (DBO) order in Bangladesh worth Rs 800 crore, fully funded by World Bank & AIIB

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Sensex leaps 446 pts, Nifty tops 17,100 as RIL, Bajaj Fin gain 3%; IT slips

CLOSING BELL: The market breadth was firmly in the favour of buyers as the broader markets, too, rose in tandem with the benchmark indices

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Godrej Properties, Amber Enterprises hit 52-week lows; LIC at life-time low

LIC hit a life-time low of Rs 562.35, falling below its previous low of Rs 566 touched on February 27, and was down 9% in three weeks.

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Campus Activewear slips 7% after over 9% equity changes hand on NSE

According to media report private equity firm TPG had plans to sell 7.62 per cent stake worth Rs 800 crore in Campus Activewear via block deal at Rs 345 per share.

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F&O call: Here's why you should buy SBI Put option for March series

The stock is placed below all important moving averages, which indicates a bearish trend on all time frames, says technical analyst from HDFC Securities

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Stock Market Live: SGX Nifty flat, Asian indices tepid; Brent at $75/bbl

Stock market live updates: As of 8:05 am, the SGX Nifty suggested a flat start at the bourses at 17,056 levels

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Traders can adopt 'buy-on-dips' strategy for Nifty Media: Ravi Nathani

According to the technical analyst, the Nifty Media Index is currently displaying a range-bound pattern, with fluctuations occurring within a prescribed range

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Tega Industries rallies 8%, hits 52-week high on strong growth prospects

Last month, National Company Law Tribunal (NCLT) approved Tega's Resolution Plan for the acquisition of McNally Sayaji Engineering through Corporate Insolvency Resolution Process (CIRP)

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Infosys nears 52-week low; stock slips 12% in one month on growth concerns

Following recent developments around bankruptcy of Silvergate, SVB and Signature Bank in the US and UBS-CS merger will likely lead to further curtailing of discretionary tech spends in the near term.

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Nazara Tech jumps over 3% on buying majority stake in Pro Football Network

Brokerage firm ICICI Securities has a 'Buy' rating on the stock with a target price of Rs 700 per share.

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Hindustan Aeronautics tumbles 6% on pricing OFS at discount

The government will be offloading 3.5 per cent stake in HAL through an Offer for Sale at Rs 2,450 per share from March 23 - 24, 2023.

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Stocks to Watch: Reliance, HAL, Hero MotoCorp, Nazara Tech, L&T, Power Grid

Stocks to Watch: Hero MotoCorp on Wednesday said it will increase prices of its model range by around 2 per cent from next month

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Markets eke out gains ahead of US Fed rate decision; banking stocks rise

The latest crisis in the banking industry has sparked hopes that the Fed will apply brakes on interest rate hikes even as inflation remains stubbornly high

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Stocks to Watch: Tata Motors, IOC, Hind Zinc, Sonata Software, Bandhan Bank

Stocks to Watch: Tata Motors will increase prices of its commercial vehicles (CV) range by 5 per cent starting April 1, in what would be its fourth such price hike this fiscal year

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Gold prices rise by Rs 220 to Rs 60,000, silver up by Rs 100 to Rs 72,100

The price of ten grams of 24 carat gold in Delhi, Bengaluru, and Chennai is Rs 60,150, Rs 60,050, and Rs 60,700, respectively

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Nordek Blockchain is blazing a trail with speedy, Low-cost blockchain for payments, Gamefi and loyalty programs

New Delhi [India], March 21 (ANI/NewsReach): NORDEK strives to be the most business and consumer-friendly blockchain ecosystem for the mainstream adoption of web3 payments. NORDEK is designed to be user-friendly, interoperable, and compatible with both blockchain and non-blockchain developers.

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Powered by US boutique investment firm GQG, FPIs turn net buyers

FPIs bought equities worth $1.52 billionbetween March 1 and 15, the most since November 2022, acco­rding to National Securities Depo­sitory data

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Zee Entertainment zooms 14% in 4 days on hopes of settlement with lenders

Zee had said that the company had been exploring several strategies, including settlement, in relation to the ongoing dispute with IndusInd Bank

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Manappuram Finance extends gain; stock rallies 14% thus far in March

In the past one week, the stock has rallied 6 per cent, as compared to 0.11 per cent decline in the S&P BSE Sensex

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UTI AMC surges 8% after PPFAS MF buys 1.1 million shares via block deal

PPFAS Mutual Fund purchased 1.12 million equity shares representing 0.88 per cent stake in UTI AMC for Rs 71.40 crore.

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Stocks to Watch: Indian Oil, NTPC, HDFC AMC, Uno Minda, Sterling and Wilson

Stocks to Watch: RIL/ONGC/Oil India may be in focus as the windfall tax on crude petroleum has been reduced to Rs 3,500/tonne from Rs 4,400/tonne

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Gold price hits lifetime high of Rs 59,241 amid strong global trends

Spot gold was down 0.6 per cent at $1,976.60 per ounce, as of 6.48 pm India time, while U.S. gold futures rose 0.5 per cent to $1,983.20

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Adani Green trades firm in weak market; stock zooms 94% in 13 days

On March 2, 2023, GQG Partners, a leading US based Global Equity investment boutique, purchased 55.6 million equity shares of AGEL for Rs 2,806 crore at price of Rs 504.60 per share.

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Sensex crashes over 900 points: Top 5 factors behind Monday's market rout

Analysts attribute fallout in domestic equities due to investors' fear of a domino effect after the collapse of big financial institutions in the US, and Europe

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Tata Consumer dips 2% after withdrawing plans to acquire Bisleri

The company said no definitive agreement or binding commitment has been signed on this matter.

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Cochin Shipyard gains 7% in weak market on winning Rs 550 cr overseas order

The company has received an order of Rs 550 crore from Norway-based global logistics solution provider Samskip Group.

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Stocks to Watch: Tata Consumer, NTPC, RVNL, GMR Airports, Havells, SKF

Stocks to Watch: Tata Consumer Products ceased negotiations with Bisleri for a potential acquisition. It said no definitive agreement or binding commitment has been signed on this matter

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Central banks try to calm markets after UBS deal to buy Credit Suisse

Soon after the announcement late on Sunday, the US Federal Reserve, European Central Bank and other major central banks came out with statements to reassure markets

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Under attack, NSE clarifies ASM, Nifty inclusion and exclusion stance

Bourse says action "non-discretionary, pre-announced"

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US Fed meeting, banking crisis to drive equity markets this week: Analysts

The trading activity in the domestic equity markets is likely to remain volatile this week as investors will focus on global cues such as the outcome of the US Federal Reserve meeting and the US banking crisis due to lack of local triggers, analysts said. FII activity and movement in the rupee and oil prices will also be watched by traders as global trends have been dictating the direction of the local stock markets currently, they added. Benchmark Sensex and Nifty declined by around 2 per cent last despite a recovery in the last two sessions due to selling in financials, IT, auto and banking stocks as fears of contagion of the US banking crisis kept investors on the edge. The US banking crisis remained at the centre stage keeping the participants on their toes. Besides, the continuous outflow the foreign funds added to worries, analysts said. "In absence of any major domestic event, the focus would be on the upcoming FOMC meet scheduled on March 21-22. Besides, movement in crude a

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