M-cap of nine of top-10 valued firms add Rs 1.80 trn; TCS biggest winner

The combined market valuation of nine of the top-10 most valued firms rallied by Rs 1,80,788.99 crore last week, amid an overall buoyant trend in equities, with Tata Consultancy Services (TCS) emerging as the biggest gainer. Last week, the BSE benchmark jumped 1,239.72 points or 1.86 per cent. The 30-share BSE Sensex rallied for the 11th day running on Friday. The 30-share BSE benchmark had jumped 319.63 points or 0.47 per cent to settle at a record closing of 67,838.63 on Friday. During the day, it rallied 408.23 points or 0.60 per cent to hit its fresh all-time intra-day high of 67,927.23. Hindustan Unilever Limited was the only laggard from the top-10 pack. The list of winners had Reliance Industries Limited, TCS, HDFC Bank, ICICI Bank, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance. The market valuation of TCS jumped Rs 57,300.75 crore to Rs 13,17,203.61 crore. HDFC Bank added Rs 28,974.82 crore taking its market capitalisation (mcap) to Rs 12,58,989.87 ...

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US Fed interest rate, global cues key factors to drive markets: Analysts

The US Federal Reserve's interest rate decision, global market trends and trading activity of foreign investors are the major factors that would dictate terms in the equity markets in a holiday-shortened week ahead, analysts said. Equity markets will remain closed on Tuesday on account of Ganesh Chaturthi. From the global front, interest rate decisions from the Bank of England and Bank of Japan would also influence market trends. This week will place a significant focus on monetary policy as the Federal Reserve policymakers convene the latest FOMC (Federal Open Market Committee) meeting, with an interest rate decision on Wednesday, September 20, said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. "The movement of the rupee against the dollar, US bond yields, and crude oil prices will remain in focus," Gour added. Last week, the BSE benchmark jumped 1,239.72 points or 1.86 per cent, and the Nifty climbed 372.4 points or 1.87 per cent. Rallying for the 11th day ru

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Gold price rises Rs 220 to Rs 59,670, silver jumps Rs 500 to Rs 74,000

The price of 22-carat gold rose Rs 200, with the yellow metal selling at Rs 54,700

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RR Kabel subscribed 19x; Lukewarm response for Samhi Hotels & more

Fintech player Zaggle Prepaid Ocean Services' initial public offering (IPO) received 43 per cent subscription on the second day of bidding

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Bajaj Auto zooms 5% to hit new high, tops Rs 5000 on BofA's double-upgrade

Thus far in the calendar year 2023, the stock price of Bajaj Auto has appreciated by 41%, as compared to a 10.7% rise in the S&P BSE Sensex and a 27.7 per cent surge in the S&P BSE Auto index

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Restaurant Brands Asia rallies 13%, hits 52-week high on large block deal

Around 125.44 million equity shares representing 25.36 per cent holding worth of Rs 1,494 crore of Restaurant Brands Asia changed hands on the NSE, exchange data shows

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Stocks to Watch today, Sep 15: Infosys, Airtel, BoM, GMM Pfaudler, Sequent

Stocks to watch on Friday, September 15, 2023: Buzzing today - Infosys secures a $1.5 bn global deal, GMM Pfaudler inks $7 mn acquisition and RBI places 15 NBFCs in top layer.

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Sebi issues revised quarterly reporting for Alternative Investment Funds

Markets regulator Sebi on Thursday issued a revised quarterly reporting format for Alternative Investment Funds (AIFs) to ensure compliance and uniformity. The quarterly reporting format has been reviewed in consultation with the industry associations such as Indian Venture and Alternate Capital Association (IVCA) and Equalifi, Sebi said in its circular. The revised reporting format will be uploaded by AIF associations on their website within two working days of the issuance of the circular. Further, these associations will also provide assistance to AIFs in understanding and addressing the reporting requirements, Sebi said. AIFs will have to submit their quarterly reports online via Sebi intermediary portal (SI portal) within 15 calendar days from the end of each quarter. However, this schedule needs to be followed December quarter onwards, the regular said. To facilitate a smooth transition, the association will work with all AIFs to ensure that the trial run of the revised ...

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Sai Silks sets Rs 210-222 per share price band for Rs 1,201 crore IPO

Ethnic apparel retailer Sai Silks (Kalamandir) on Thursday fixed a price band of Rs 210-222 per share for its Rs 1,201 crore-initial share sale, which opens on September 20. At the upper end of the price band, the Initial Public Offering (IPO) will fetch about Rs 1,201 crore. The Hyderabad-based company was founded by Prasad Chalavadi, a techie turned entrepreneur in 2005. The offer consists of Rs 600 crore of fresh issue and an equal amount of Offer For Sale (OFS) through which the promoter family will divest 30 per cent of their 95.5 per cent shareholding, Chalavadi told PTI. The remaining 4.5 per cent of the bootstrapped ethnic retailer of premium and mid-income women's wear primarily sarees, are with the employees, he added. At Rs 210 a share price band, the floor price 105 times and the cap price is 111 times the face value of the shares. The OFS comprises promoters and some of the employers selling up to 2.70 crore equity shares. The selling promoters are Nagakanaka Durga

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Gold slumps Rs 380 to Rs 59,450/10g, silver falls Rs 1,000 to Rs 73,500

The price of 22-carat gold fell by Rs 340, with the yellow metal selling at Rs 54,500

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Nifty Pharma, Auto: Here's a guide to plan your trading activity

According to Ravi Nathani, an independent technical analyst, the Nifty Pharma and Auto indices are at critical junctures, hence one needs to watch out for these key levels for planing trades.

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Stocks to Watch today, Sep 14: Adani Group, RIL, Hero Moto, Bombay Dyeing

Stocks to watch on Thursday, September 14, 2023: Delta Corp, Indiabulls Housing Finance, IEX, India Cements, Manappuram, REC and SAIL among stocks in F&O ban today.

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RR Kabel IPO subscribed 25% on day 1, price band at Rs 983 to Rs 1,035

The fresh issue component of the IPO is only Rs 180 crore and the remaining is secondary share sale by promoters and TPG

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This Ashish Kacholia-owned education stock has zoomed over 69% in 3 days

Shares of NIIT moved higher by 19% to Rs 139 on the BSE in Wednesday's intra-day trade, zooming 69 per cent in the past three trading days

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Two Adani firms among top five large-cap stocks bought by MFs in August

Adani Power, Adani Energy Solutions, Vedanta, Interglobe Aviation and Dabur India were the top five stocks bought in the month gone by

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Nifty may outperform the broader market in the near term: HDFC Securities

Among individual stocks, Vinay Rajani the technical & derivative analyst of HDFC Securities recommends to Buy Infosys and Sun Pharma.

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Stocks to Watch today, Sep 13: Infosys, Vedanta, BoB, Paytm, KEC, SpiceJet

Stocks to watch on Wednesday, September 13, 2023: Steel stocks too may see some action India and the US plan to enable exports of at least 336,000 tonnes of certain steel and aluminium products withou

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Technoloader: A One Stop for Cutting-Edge Blockchain Solutions

New Delhi [India], September 12: Cryptocurrency and blockchain technology platforms keep shifting with regularity as innovation in these domains is swift and dynamic. It is impossible to dwell on yesterday's breakthroughs, as the technology sector is competitive, progressive, and future-driven.

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Gold price falls Rs 10 to Rs 59,830; silver up Rs 500 to Rs 74,000

The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 54,840

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Stocks to Watch, Sep 12: L&T, RIL, Lupin, Hindalco, TVS Supply, Power Grid

Stocks to watch on Tuesday, September 12, 2023: From L&T raising its share buyback price, Bajaj Finance planning to enter new car loans segment, Power Grid to trade ex-bonus and more.

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Bucking the emerging market trend: India mcap nears another peak

Foreign investors have bought more than $16 billion worth of Indian stocks on a net basis so far in 2023, set to be the biggest inflow in 3 years

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Sebi issues framework for REITs, InvITs to exercise board nomination rights

Markets regulator Sebi on Monday issued the framework to exercise board nomination rights by eligible unitholders of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). At its board meeting on June 28, the board of Sebi approved introducing nomination rights to unitholders of REITs and InvITs. An eligible unitholder means a unitholder that has 10 per cent or more of the total outstanding units of a REIT or InvIT, either individually or collectively. The Securities and Exchange Board of India (Sebi) has issued the framework to exercise board nomination rights by the eligible unitholders, according to two separate but similarly-worded circulars. The regulator said the manager of a REIT or InvIT should review whether the eligible unitholders who have exercised the board nomination right, continue to have/hold the required number of units of the REIT or InvIT concerned. The review has to be done within 10 days from the end of each calendar month. In t

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Rishabh Instruments makes tepid debut, lists 4% higher over issue price

The stock listed at Rs 460 as against its issue price of Rs 441 per share. Later, it fell below its issue price to hit an intraday low of Rs 432.25 on the BSE

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Ircon zooms 15%, IRFC m-cap hits Rs 1 trn: Why are railway stocks buzzing?

The US, Saudi Arabia, India, and other nations are discussing a possible infrastructure deal that could reconfigure trade between the Gulf and South Asia, linking Middle Eastern countries by railway

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Stocks to Watch today, Sep 11: Adani Grp, HDFC Bank, RIL, Sonata, IRB Infra

Stocks to watch on September 11, 2023: Balrampur, Delta Corp, India Cements, Manappuram, PNB and SAIL among nine stocks in F&O ban on Monday.

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India to decide on crypto, IMF-FSB paper to act as bottom line: Official

India will decide on implementing cryptocurrency regulations after extensive discussions with other countries, a senior official said on Sunday, virtually ruling out a ban on such assets. Ahead of G20 leaders' summit, the IMF and the Financial Stability Board (FSB) had last week made a strong case for a coordinated global policy action to deal with risks posed by cryptocurrencies and said that there should not be any blanket ban. The IMF-FSB recommendations laid out a "roadmap" and suggested "bare minimum" regulations that every country should have on cryptocurrencies. If any country wants to have a more stricter regulation, it can frame a more restrictive regulation depending on the risk it sees from cryptos, the official said. "Now G20 leaders have endorsed it and now ministers and governments will discuss it and take it forward. We expect a lot of discussion to happen on how to implement it faster, swifter and in a comprehensive manner. We have a good framework to decide our own

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With rains at unprecedented low in August, kiranas keep stocks low

Sales of FMCG items slowed both on a month-on-month (M-o-M) basis and year-on-year (Y-o-Y) and stores stocked up on lesser products, according to Bizom data

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