M-cap of 6 of top-10 most valued firms jump Rs 1.19 trn; Reliance leads

Six of the top-10 most valued firms together added Rs 1,19,763.25 crore in market valuation last week, with Reliance Industries Limited and ITC emerging as the major gainers, driven by an overall positive trend in domestic equities. Last week, the 30-share BSE benchmark jumped 561.89 points or 0.86 per cent. The Sensex hit its all-time high of 65,898.98 on July 7. The valuation of Reliance Industries jumped Rs 57,338.56 crore to Rs 17,83,043.16 crore, the most among the top-10 firms. ITC added Rs 21,291.04 crore taking its market valuation to Rs 5,82,602.46 crore. The market capitalisation (mcap) of State Bank of India rallied Rs 18,697.06 crore to Rs 5,29,898.83 crore and that of Tata Consultancy Services zoomed Rs 9,220.81 crore to Rs 12,16,890.72 crore. ICICI Bank's valuation climbed Rs 8,998.26 crore to Rs 6,62,702.30 crore and that of Hindustan Unilever Limited advanced Rs 4,217.52 crore to Rs 6,33,532.04 crore. However, the mcap of HDFC Bank fell by Rs 22,926.37 crore to Rs

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Sebi's SCORES platform disposes of 3079 complaints in June: Data

A total of 3,079 complaints against companies and market intermediaries have been disposed of through Sebi's SCORES platform in June. At the beginning of June, as many as 3,141 complaints were pending, and 3,967 fresh complaints were received, according to the data released by markets regulator Sebi. The regulator also noted that as of June 2023, 12 complaints were pending for more than three months, the data showed. These complaints were related to investment advisers and research analysts. The average resolution time for a complaint was 31 days, as per the data. In a separate public notice, the markets watchdog mentioned eight entities against whom complaints have been pending for more than three months on SCORES as of June 2023. The entities included Research Guru, Umesh Kumar Pandey Prop. Aurostar Investment Advisory Services, Dharmesh Parmar, Grovalue Financial Services, Highlight Investment Research, Wealth Factor, Rajiv Kumar Singh Proprietor Elite Investment Advisory Serv

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National Securities Depository files DRHP with Sebi to float IPO

As of June 2023, NSDL handled 32.3 million demat accounts with underlying assets of Rs 338 trillion

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IPO-bound Yatharth Hospital raises Rs 120 cr from institutional investors

Yatharth Hospital & Trauma Care on Saturday said it has raised Rs 120 crore from institutional investors in a pre-IPO placement round, leading to a reduction in the fresh issue size in the upcoming initial share-sale. "Our company, in consultation with the book running lead managers, has undertaken a pre-IPO placement of 40 lakh equity shares for cash for Rs 300 per equity share aggregating to Rs 1,200 million (pre-IPO placement)," Yatharth Hospital said in a public notice. In the pre-IPO placement round, the company has allotted 20 lakh equity shares amounting to Rs 60 crore to Plutus Wealth Management LLP and 10 lakh equity shares worth Rs 30 crore to Think India Opportunities Master Fund LP. In addition, shares to the tune of Rs 13 crore have been allotted to Rosy Blue Diamonds Pvt Ltd, and shares worth Rs 10 crore and Rs 7 crore allocated to Vikas Vijaykumar Khemani and Viraj Russell Mehta , respectively. Following this, the size of the fresh issue has been reduced by Rs 120 ..

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Jack Ma-backed Ant to buy back shares at 70% lower valuation than at IPO

The limited partners also committed to retaining the two dividends in 2022 with Hangzhou Junhan and Hangzhou Junao to enhance the operation's capital strength

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Gold price falls Rs 90 to Rs 59070 silver dips Rs 700 to Rs 72300

The price of 22-carat gold dipped Rs 100 to Rs 54,150

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Jamna Auto Tata Power flash bullish breakout signals on charts

Tata Power is witnessing some aggressive buying traction. The stock is poised to re-test its peak in the coming months

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Stocks to Watch on July 7: Dabur Titan SBI Card PSBs Cipla Sobha IHCL

Stocks to Watch today, July 7, 2023: Titan Company has registered a 20 per cent year-on-year (YoY) consolidated revenue growth in Q1FY24

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Nifty Energy index show bullish near-term momentum; buy near support levels

Ravi Nathani, independent market analyst shares his trading strategies for Nifty Energy, and Nifty Commodities indices

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Platinx a pure Indian crypto exchange emerges as the Crypto Exchange Outlier in India

New Delhi [India], July 6: In the face of tougher restrictions for preserving client KYC data, several cryptocurrency dealers and exchanges have opted to relocate outside of India. Platinx, a 100 per cent Pure Indian crypto exchange, is emerging as an exception to this tendency. Platinx is building a reputation for itself in the Indian industry with its user-friendly design, broad cryptocurrency offers, and dedication to security and compliance.

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Nippon Life India Mutual Fund restricts flows into smallcap fund

Cites recent sharp rally in the small cap space, says move will lead to gradual deployment of corpus

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Entity offloads Piramal Enterprises' shares worth Rs 575 cr via open market

An entity on Thursday offloaded shares of Piramal Enterprises for Rs 575 crore through open market transactions. According to the block deal data available with the BSE, SmallCap World Fund Inc sold a total of 61,09,068 shares of Piramal Enterprises 17 tranches. The shares were disposed at an average price of Rs 941.15 apiece, taking the aggregate transaction value to Rs 574.95 crore. Plutus Wealth Management, Tata Mutual Fund (MF), Bandhan MF BOFA Securities Europe SA, BNP Paribas Arbitrage and Segantii India Mauritius, among others were buyers of shares of Piramal Enterprises. In a separate transaction on BSE, New World Fund Inc offloaded more than 34.62 lakh shares of Piramal Enterprises for Rs 326 crore through an open market transaction, as per the bulk deal data. The shares were sold at an average price of Rs 941.15 per share, taking the transaction value to Rs 325.91 crore. Details of the buyers could not be ascertained. On Thursday, shares of Piramal Enterprises fell 1.0

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Nifty Metal Pharma indices exhibit range-bound moves; wait for breakout

Ravi Nathani, independent market analyst shares his trading strategies for Nifty Metal and Nifty Pharma indices; check out

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BSE rejig: JSW Steel to replace HDFC in Sensex with effect from July 13

Index provider Asia Index, a joint venture between S&P Dow Jones Indices and BSE, has announced changes to a total of 24 of its indices

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NSE cautions investors against assured returns scheme by 2 individuals

The National Stock Exchange (NSE) on Wednesday cautioned investors not to put their money in any assured returns scheme offered by two individuals. The two individuals are: Riya Sharma, associated with Share Expert Tips; and Himanshu Thakkar, associated with New York live trade. They (Riya and Himanshu) were providing securities market tips for trading and assuring returns on investment in stock market and also offering to handle the trading account of investors by asking them to share their credentials, the NSE said in two separate statements. According to the statements, these persons are not registered either as a member or authorised persons of any registered member of the NSE. Cautioning the investors, NSE asked them not to subscribe to any such scheme or product offered by any person or entity offering guaranteed returns in the stock market as the same is prohibited by law. The bourse has also provided a facility to investors of 'Know/Locate your Stock Broker' on its website

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Sebi amends guidelines for institutional placement of units by InvITs

Sebi on Wednesday amended the guidelines for preferential issue and institutional placement of units by Infrastructure Investment Trusts and Real Estate Investment Trusts. The changes have been made after receiving feedback from stakeholders. In two separate but similarly-worded circulars issued for InvITs and REITs, Sebi has mentioned about pricing for institutional placement of units. "The institutional placement should be made at a price not less than the average of the weekly high and low of the closing prices of the units of the same class quoted on the stock exchange during the two weeks preceding the relevant date," Sebi said. According to the regulator, InvITs and REITs may offer a discount of not more than five per cent on the price, subject to approval of the unitholders concerned. The relevant date for deciding the price would be the "date of the meeting in which the board of directors of the manager decides to open the issue".

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Gold rises Rs 100 to Rs 59060 silver prices fall Rs 200 to Rs 71900

The price of 22-carat gold increased by Rs 100 and the precious metal was trading at Rs 54,150

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Stocks to Watch today July 5: LTIMindtree Bandhan Bk Lupin Adani Power

Stocks to Watch on Wednesday, July 5: LTIMindtree will replace HDFC in the benchmark Nifty50 index, while LIC Housing Finance will likely replace it in the Nifty Financial Services index

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Bias for Nifty FMCG auto indices remain bullish; sell-on-rise apt strategy

According to independent market analyst, Ravi Nathani, both Nifty FMCG, and Auto indices hint at a bullish trend in the near-term, and traders can employ sell-on-rise strategy

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Despite market volatility 36% increase crypto allocations: Binance survey

A minority (17.3%) decreased their crypto allocation. Unsurprisingly, the main concerns of survey participants are regulatory risk (29.7%), counterparty risk (21.6%), custody of assets (15.7%)

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Sebi provides clarity on director nomination by debenture trustees

After receiving representations, markets regulator Sebi on Tuesday provided clarity on the requirements for appointment of directors by entities that have listed their debt securities. Under Sebi norms pertaining to listing of non-convertible securities, an entity registered under the Companies Act, 2013 has to ensure that a person nominated by the debenture trustee is appointed as a director. While this obligation exists for issuers that are companies under the Companies Act, 2013, there is no similar obligation for issuers that are not companies. In this regard, representations have been received from debenture trustees, the regulator said in a circular. Against this backdrop, Sebi noted that the appointment of a director including nominee director is driven by the provisions of the principal document of the entity (Articles of association, in case of companies under the Companies Act, 2013). "A nominee director is a director, and therefore, except for specific provisions of law,

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LTIMindtree to replace HDFC on Nifty50 benchmark with effect from 13 July

LTI's inclusion in the Nifty50 index will result in inflows of Rs 1,450 crore ($177 million) from passive trackers, as per a note by IIFL Alternative Research

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Bajaj Finance soars 8% hits 52-week high on strong Q1 business update

Assets under management (AUM) grew by 32 per cent to approximately Rs 2.7 trillion at the end of the June quarter

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Mankind Pharma's success boosts hopes of more consumer IPOs in India

The company, which raised Rs 4,330 crore ($528 million) in India's second-largest new share sale this year, has seen its shares jump 57% in almost two months, drawing a rush of buy calls from analysts

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Stocks to Watch on July 4: RIL IndusInd IDFC Adani Transmission DMart

Stocks to Watch today, on Tuesday: Reliance Jio, the telecom arm of Reliance Industries, has announced the launch of the internet-enabled 'JioBharat' phones, at a price of Rs 999

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Trading strategies for Nifty PSU Bank Private Bank indices

Ravi Nathani, independent market analyst decodes technical charts for Nifty PSU Bank and Private Bank indices; check out

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Karnataka govt forms SIT to probe Bitcoin scam surfaced during BJP regime

Karnataka Home Minister G Parameshwara on Monday said a Special Investigation Team (SIT) under the Criminal Investigation Department (CID) has been formed to reinvestigate the Bitcoin scam. The Bitcoin scam had surfaced during the previous BJP regime in 2021 and the Congress, which was then in Opposition, had accused the government of trying to cover up the scandal as it involves big names. The prime suspect, Srikrishna Ramesh alias Sriki, was accused of hacking the state government's e-procurement website and siphoning over Rs 11.5 crore. There were also charges of cryptocurrency theft, drug peddling and cyber fraud relating to the case. The Home Minister said Additional Director General of Police Manish Kharbikar will head the SIT which, he added, can also take the help of technical experts since the matter relates to cyber crime. Before the Assembly elections in May, the Congress had promised the people of Karnataka that if it comes to power, it would reinvestigate the Bitcoin

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BSE mulls another buyback board to meet on July 6; shares soar

If the board approves, this will be the third share repurchase by the country's only listed equity bourse since its listing in January 2017

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Gold silver prices remain unchanged; yellow metal trading at Rs 59070

The price of 22-carat gold also remained unchanged and was trading at Rs 54,150.

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HDFC twins gain up to 3% after they fix July 13 as record date for merger

HDFC Bank hit a record high of Rs 1,744.70, while HDFC hit a 52-week high of Rs 2,900.60. The stocks have rallied 7 per cent in the past four trading days

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Stocks to Watch on July 3: HDFC twins TMB auto shares SBI Balaji Amines

Stocks to Watch on Monday, July 3: Post the approval of the merger between HDFC Bank and HDFC, the trading window in HDFC Ltd will remain closed till July 13

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Stock Market Live: GIFT Nifty begins trading; Asian equities move higher

Stock market live on July 3, 2023: At 7:00 am, the GIFT Nifty futures (earlier SGX Nifty) quoted 19,350, up over 70 points from Friday's close

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How dizzying bond moves put 4% yield in play to win over investors

Yields for most tenors approached the highest levels seen so far this year, while wagers that the US Federal Reserve (Fed) might cut interest rates this year fizzled

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FPIs investments pump 10-month high of Rs 47148 crore in June

Before this, they invested a net sum of ~51,204 crore in equities in August 2022, the data showed

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M-cap of top-10 most valued firms jumps Rs 1.88 trn; HDFC Bank top gainer

The combined market valuation of the top 10 most valued firms jumped Rs 1.88 lakh crore last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, amid bullish investor sentiments. Last week, the BSE benchmark jumped 1,739.19 points or 2.76 per cent. The 30-share BSE Sensex jumped 803.14 points or 1.26 per cent to settle at its lifetime closing high of 64,718.56 on Friday. During the day, it zoomed 853.16 points or 1.33 per cent to reach its record intra-day peak of 64,768.58. Propelled by optimism in equities, the combined market valuation of the top 10 most valued firms increased by Rs 1,88,050.82 crore. The valuation of HDFC Bank surged Rs 32,600.19 crore to Rs 9,51,584.36 crore, the most among the top 10 firms. Tata Consultancy Services (TCS) added Rs 30,388.43 crore, taking its market valuation to Rs 12,07,669.91 crore. The valuation of Infosys jumped Rs 28,862.38 crore to Rs 5,54,091.27 crore, and that of Reliance Industries zoomed Rs 23,984.28

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