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IPO News
Market News
Avalon Technologies' Rs 865-cr IPO to kick off on Apr 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).
2023-03-25T14:54:07+05:30
Jaipur-based Motisons Jewellers files DRHP with Sebi for IPO
Through the IPO, the company plans to raise about Rs 130 crore, of which Rs 58 crore will be used to repay loans availed by the company from scheduled commercial banks, and Rs 71 crore for funding working capital requirements, besides general corporate purposes.
2023-03-25T12:40:42+05:30
Udayshivakumar Infra IPO subscribed 16 times so far on Day 4; check GMP and other details
"The current grey market premium (GMP) of Udayshivakumar Infra is Rs 10 as of March 23rd, 2023. Considering the upper band price of Rs 35, the share could give a listing gain of 28% to investors," Manish Khanna, Co-founder of Unlisted assets, said.
2023-03-23T14:56:23+05:30
Non-banking lender SBFC cuts IPO size, refiles papers with Sebi
About 50% of the offer will be available for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Bidders, and not less than 35% will be reserved for retail investors. The offer also includes a reservation for subscription by eligible employees.
2023-03-22T18:41:59+05:30
Udayshivakumar Infra IPO subscribed 5.15 times on Day 3; GMP falls
According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, has dropped down to Rs 6-7.
2023-03-22T14:58:33+05:30
Jupiter Hospital likely to file for ₹1,100 crore IPO soon
The proposed IPO will have both fresh issue of shares and offer for sale components.
2023-03-22T10:25:47+05:30
MobiKwik eyes fresh IPO in 12-18 months
“We had planned (the IPO in) March 2022 but before that the Ukraine war happened and Nasdaq started crashing. So, all the multiples were going down,†Taku said on the sidelines of an event, adding that the fintech firm continues to be in an IPO ‘ready mode’.
2023-03-22T07:04:33+05:30
Udayshivakumar Infra IPO sails through on Day 2 despite weak market sentiments
According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, was unchanged at Rs 10. Analysts are mixed on whether investors should subscribe to the IPO given muted market sentiments.
2023-03-21T13:14:16+05:30
IndiaFirst Life Insurance gets SEBI approval to float IPO
IndiaFirst Life Insurance Company recorded its highest five-year growth in terms of New Business Individual Rated Premium (IRP) amongst life insurers with PSU bank percentage, with a CAGR of 27.3% between fiscal 2017 to fiscal 2022.
2023-03-21T11:16:57+05:30
SME IPO: After 384x subscription, Mcon Rasayan India shares list at strong 20% premium
Managing director Mahesh Bhanushali had earlier expressed his gratitude for the overwhelming response the IPO received. He said strong demand for the issue reflected the investors' trust and confidence in the company's growth prospects and the management.
2023-03-20T17:31:08+05:30
Udayshivakumar Infra IPO subscribed 58% on Day One
According to market sources, Udayshivakumar Infra shares are commanding a premium of Rs 10 in the unlisted market, which is higher than the previous day.
2023-03-20T13:27:44+05:30
Global Surfaces IPO share allotment expected today. How to check status
According to market analysts, the grey market premium, which indicates the premium commanded by shares in the unlisted market, fell sharply from subscription closing date to around Rs 15. The company has fixed a price band of Rs 133-140. At the upper end, the company's shares are expected to get listed at 10% premium.
2023-03-20T09:52:24+05:30
Udayshivakumar Infra IPO opens for subscription. Should you bid?
The company has 46 work orders in hand having an aggregate order book value of Rs 1,291 crore, as of the December quarter. Out of these, 30 are ongoing and 16 are new work orders, which are yet to start.
2023-03-20T09:30:55+05:30
Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cos
The six companies had filed their preliminary initial public offering (IPO) papers with Sebi between September 2021 and May 2022 and their papers were returned during January-March (till March 10).
2023-03-19T11:32:02+05:30
Govt approves listing of state-owned IREDA by selling part stake
DIPAM will drive the listing process for which the Centre had given initial approval in 2017.
2023-03-17T20:10:05+05:30
Udayshivakumar Infra IPO to open for subscription on March 20. Check GMP & other details
About 60% of the offer is reserved for retail investors, while 30% is set aside for non-institutional investors. Meanwhile, 10% of the issue is reserved for Qualified institutional buyers (QIB).
2023-03-17T13:29:37+05:30
Maiden Forgings to launch IPO next week; aims to raise Rs 24 crore
Out of the total 37,84,000 equity shares on offer, not more than 17,97,000 equity shares have been reserved for Qualified Institutional Buyers (QIB). A total of 5,39,100 shares have been reserved for Non-Institutional Investors (NII) and the rest for retail individual investors.
2023-03-17T11:16:11+05:30
Another FPO on cards for Patanjali Foods; process to start from April: Baba Ramdev
In an interview with PTI, Ramdev assured his investors and public shareholders that there would be no impact of Patanjali Foods Ltd's (PFL) operation and financial performance and its growth trajectory will remain intact.
2023-03-16T14:41:12+05:30
Investor sentiment fizzles out in IPO mart. What's in store for rest of the year?
Equity markets were plagued by a host of issues this year including rising interest rates, slowing economic growth, Adani crisis and the latest fallout of the banking crisis in the US. Benchmark Nifty is currently 10% down from its peak.
2023-03-16T10:30:19+05:30
White label ATM provider India1 Payments defers IPO plans
It is not planning to seek a fresh approval for the IPO immediately from the Securities & Exchange Board of India because of the current choppy market. "We’re not in a hurry to go and, you know, sell it at any cost," managing director K Srinivas told ET.
2023-03-15T22:20:00+05:30
Global Surfaces IPO subscribed 12.21 times on Day 3
According to analysts, the grey market premium, which indicates the premium commanded by shares in unlisted markets stoo Rs 20. The company has fixed a price band of Rs 133-140. At the upper end, the shares are expected to list at 14% premium over the issue price.
2023-03-15T13:40:22+05:30
Divgi TorqTransfer lists at 5.1% premium
The ₹412-crore IPO comprised a fresh share issue of ₹180 crore and an offer for sale of 3.93 million shares by existing shareholders. As part of the offer for sale, Nilekani's family trust offloaded 1.44 million shares.
2023-03-15T06:01:00+05:30
Global Surfaces IPO fully subscribed on Day 2
Global Surfaces, which is into processing natural stones and manufacturing engineered quartz, has collected Rs 46 crore from anchor investors and set a price band of Rs 133-140 per share. At the upper end of the price band, the company is expected to fetch Rs 155 crore from the IPO
2023-03-14T13:45:34+05:30
SME IPO: Nirman Agri Genetics public issue to open on March 15. Check GMP and other details
The proceeds from the IPO will be used for funding additional working capital, investment in strategic acquisitions and other general corporate purposes.
2023-03-13T21:39:12+05:30
Divgi TorqTransfer shares expected to make a debut on exchanges tomorrow. What GMP signals ahead of listing?
The company's grey market premium is at 18, according to market analysts.The issue was subscribed 5.44 times, driven by strong interest from retail investors
2023-03-13T14:37:04+05:30
Global Surfaces IPO: Check subscription status, GMP and other details
The company has fixed a price band of Rs 133-140. The company plans to raise about Rs 154.98 crore at the upper end of the price band
2023-03-13T14:24:03+05:30
Global Surfaces IPO opens. Should you subscribe to the issue?
Religare broking said the company has a strong opportunity in the international market and its new products and designs would aid growth and increase operational efficiency. The brokerage has a "neutral" rating on the public offer.
2023-03-13T09:26:28+05:30
Global Surfaces among 5 IPOs that will open for subscription this week
The price band for its initial public offering has been fixed at Rs 133-140 per share. Investors can bid for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter
2023-03-12T13:38:21+05:30
Global Surfaces IPO: 10 things you must know before investing
Global Surfaces will be open for subscription on Monday to raise funds through an initial public offering. The company will raise Rs 155 crore at the upper price band of the issue. The shares of the company will be listed on both NSE and BSE. The company will be offering 1,10,70,000 equity through the initial public offering through the book-building process.
2023-03-12T10:47:56+05:30
Tata Technologies IPO: 10 things to know about the public offer
The size of the IPO wasn’t disclosed. However, according to Krishna Raghavan, Founder, UnlistedKart, a SEBI-registered research analyst firm, Tata Technologies' recent buyback valued the company at Rs 16,080 crore, indicating that the offered size could be at least Rs 3,800 – Rs 4,000 crore.
2023-03-11T13:32:49+05:30
Tata Technologies IPO: What it means for Tata Motors investors and key details you need to know
2023-03-10T18:28:43+05:30
Flipkart not averse to Dalal Street IPO
The Flipkart IPO has been in the works since the last few years and it was earlier reported that the company is eyeing a listing on Wall Street
2023-03-10T15:53:09+05:30
Tata Technologies IPO: What it means for Tata Motors investors
Under the IPO, Tata Motors intends to sell 81,133,706 shares of its subsidiary. Two other shareholders - Alpha TC Holdings and Tata Capital Growth Fund I - of the company are also selling shares in the offer.
2023-03-10T13:43:51+05:30
Tata Technologies files IPO papers with Sebi
The IPO is being launched by way of an offer for sale (OFS) of up to 95,708,984 equity shares, representing approximately 23.60% of its paid-up share capital.
2023-03-10T09:24:31+05:30
Global Surfaces IPO to open next week. Check price band and other details
The IPO comprises fresh issuance of 85.20 lakh equity shares and an Offer For Sale of up to 25.5 lakh equity shares by promoters Mayank Shah and Sweta Shah. The company said IPO proceeds will be used for investment in its arm Global Surfaces FZE for part-financing its capex requirements of setting up the manufacturing facility in Dubai and other general corporate purpo
2023-03-09T14:23:49+05:30
Byju’s is said to seek $250 million in Aakash pre-IPO funding
Aakash Educational Services will issue convertible notes that will convert into equity at a discount of 20% to the listing price of the unit’s planned initial public offering
2023-03-09T10:16:19+05:30
Divgi TorqTransfer IPO allotment today. How to check status
The part reserved for retail investors was subscribed 4.31 times, while non-institutional investors (NIIs) and qualified institutional buyers (QIBs) parts were subscribed 1.4 times and 7.83 times respectively. The shares are expected to be listed on the exchanges on March 14.
2023-03-08T13:25:27+05:30
SoftBank's arm aims to raise at least $8 billion in US IPO, say sources
The preparations for the IPO are expected to be kick-started in the U.S. in the coming days, the sources said. The valuation range has not yet been finalized but Cambridge, England-based Arm is hoping to be valued at more than $50 billion during its share sale, the sources said
2023-03-06T19:11:14+05:30
Nova Agritech files DRHP to raise funds via IPO
According to the draft papers, the issue with a face value of Rs 2 per equity share consists of a fresh issue of equity shares worth up to Rs 140 crore and an offer-for-sale (OFS) of up to 77,58,620 equity shares by Nutalapati Venkatasubbarao
2023-03-06T17:18:32+05:30
Airox Technologies scraps IPO plans; withdraws IPO paper
However, the draft offer documents for the IPO were withdrawn on February 28 and the reasons for the withdrawal have not been disclosed, an update with the markets regulator showed on Monday
2023-03-06T16:19:46+05:30
Divgi Torqtransfer Systems' IPO subscribed 5.44 times
The portion reserved for retail investors was subscribed 4.31 times, while the category for non-institutional investors (NIIs), including high-net-worth individuals, was subscribed 1.4 times. The qualified institutional buyers' segment saw bidding for 7.83 times the shares set aside to them.
2023-03-04T06:59:45+05:30
Divgi TorqTransfer IPO subscribed 5.44 times on Day 3; GMP rises
The retail portion was subscribed 4.31 times, while non-institutional investors (NIIs) made bids 1.4 times more than the reserved bit. Qualified Institutional Buyers (QIBs), who largely stayed on the sidelines for two days, came to the party on the last day making bids 7.83 times more than the allotted part.
2023-03-03T13:28:04+05:30
Divgi TorqTransfer IPO Day 2: Retail portion fully subscribed. Check GMP, other details
Qualified institutional buyers, who stayed on the sidelines for most part on Day 2, started bidding towards fag end of the day and the part reserved for them was subscribed 6%. Tomorrow is the last day for subscription to the public issue.
2023-03-02T13:39:57+05:30
Divgi TorqTransfer IPO: GMP indicates potential listing gains. Should you subscribe?
Most analysts say the public offer is decently valued and have recommended investors to subscribe to the issue. They say Divgi Torq is one of the few players in the country that has the ability to develop and supply system level transfer cases and is the only company to make torque couplers.
2023-03-02T09:01:13+05:30
Divgi TorqTransfer IPO subscribed 10% so far on Day 1. Check GMP & other details
Ahead of the IPO, Divgi has raised Rs 185 crore from anchor investors, in which several mutual funds like ICICI Prudential Smallcap Fund, Nippon India Smallcap Fund, Motilal Oswal Large and Midcap Fund among others have participated.
2023-03-01T14:23:28+05:30
Nandan Nilekani-backed Divgi TorqTransfer IPO opens. Should you subscribe?
The Divgi TorqTransfer IPO consists of fresh equity issue worth Rs 180 crore and an offer for sale (OFS) of 39.34 lakh shares by investors and other selling shareholders.
2023-03-01T10:00:00+05:30
What makes Divgi IPO suitable for investors with high risk appetite
Divgi TorqTransfer Systems plans to raise up to Rs 412 crore through an initial public offer. Of this, Rs 180 crore would be through a fresh issue of shares mainly for expansion plans while the balance is an offer for sale by investors and promoters
2023-02-28T19:31:30+05:30
IRM Energy and Lohia Corp get Sebi nod to raise funds via IPO
IRM Energy’s IPO is a complete fresh issue of up to 10,100,000 equity shares with a face value of Rs 10 per equity share. Meanwhile, Lohia Corp’s public issue is a complete offer-for-sale (OFS) of up to 31,695,000 equity shares by existing shareholders with a face value of Re 1 per unit
2023-02-28T15:03:27+05:30
FirstMeridian Business, IRM Energy, Lohia Corp get Sebi go-ahead to float IPOs
Going by the draft papers, staffing firm FirstMeridian Business Services Ltd's Rs 740-crore IPO comprises fresh issuance of equity shares worth Rs 50 crore and an Offer-For-Sale (OFS) of Rs 690 crore.
2023-02-28T13:00:01+05:30
Divgi TorqTransfer fixes price band for public issue
The IPO includes a fresh issue of ₹180 crore and an offer for the sale of up to 3.93 million equity shares. The company intends to meet capital expenditure requirements for the purchase of equipment and machinery from the net proceeds of the fresh issue.
2023-02-28T06:35:15+05:30
Role of AI & ML: How Technology has adavanced in broking industry
The move to cloud infrastructure can help brokers reduce costs, increase flexibility and scalability, and improve security and reliability. However, it is important for brokers to carefully evaluate their cloud provider options and ensure that they are complying with any relevant regulations and industry standards.
2023-03-25T16:52:56+05:30
D-Street Week Ahead: Nifty must keep its head above 16,850-17,000 zone to avoid weakness
The Nifty Financial Services index is inside the weakening quadrant. However, some improvement is seen in its relative momentum. Besides this, Bank Nifty and PSU Bank indices are seen moving inside the weakening quadrant as well. The Nifty Metal, Media, Services Sector, Commodities, and Energy groups are inside the lagging quadrant. These groups are likely to relatively underperform the broader markets.
2023-03-25T15:47:12+05:30
Warren Buffett's latest insights on investing to help create long-term wealth
Buybacks are crucial for shareholders. If done correctly, a buyback minimizes overall equity capital, increasing others' stake in the company. But if the buyback is not done at the right price, it does not become value accretive for the shareholders and benefits only those who exited from the company.
2023-03-25T15:28:13+05:30
ETMarkets Investors' Guide: How oversold is Nifty now?
2023-03-25T15:24:27+05:30
Time to look at largecap IT names like HCL, TCS and Infosys: Rahul Shah
"We have been positive on a few pockets. I feel that when we talk about the banking stocks as a universe, the earnings were quite good and there was visibility for Q4 as well. The credit growth numbers are also coming up also quite strong. My sense is that banking is one sector investors can look at."
2023-03-25T15:21:50+05:30
Avalon Technologies' Rs 865-cr IPO to kick off on Apr 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).
2023-03-25T14:54:07+05:30
Kunal Bothra suggests selling these 2 stocks next week
Silver has also managed to cross back above that 70,000 mark. That is also one of the other asset classes which are showing signs of momentum returning. When support shifts higher, it is a sign that a new trend is emerging for the asset classes.
2023-03-25T14:50:17+05:30
​Punjab National Bank among 6 banks with high NPAs
2023-03-25T14:06:42+05:30
Nifty Midcap Select futures contract to be discontinued from Apr 25, options to be available
The exchange had introduced futures and options contracts on the Nifty Midcap Select index on January 24, 2022, following approval from market regulator Securities and Exchange Board of India (SEBI).
2023-03-25T13:56:52+05:30
Nifty down 10% from highs! Why stop loss is important in a falling market
For an investor, a stop loss doesn’t make sense for the most part, because the idea is to hold for a long-time frame, which usually makes up for errors in stock selection or short-term collapse in prices.
2023-03-25T13:48:55+05:30
Fears of financial contagion could keep gold near record highs
Banking sector fears continue to haunt risky assets. In the latest moves, Deutsche Bank AG shares slumped on Friday and the German lender’s credit-default swaps surged amid wider concerns about the stability of the banking sector.
2023-03-25T13:22:47+05:30
It’s time to bring long-term investing back into fashion!
Historically as well as statistically, it has been observed that long-term investing creates wealth. Warren Buffet, one of the greatest investors of all time, quoted, “Someone’s sitting in the shade today because someone planted a tree a long time ago.â€
2023-03-25T12:53:59+05:30
Jaipur-based Motisons Jewellers files DRHP with Sebi for IPO
Through the IPO, the company plans to raise about Rs 130 crore, of which Rs 58 crore will be used to repay loans availed by the company from scheduled commercial banks, and Rs 71 crore for funding working capital requirements, besides general corporate purposes.
2023-03-25T12:40:42+05:30
5 tax-saving mutual funds (ELSS) that gained over 30% in last 3 years
2023-03-25T12:27:54+05:30
ETMarkets Smart Talk: Gradual shift from largecap to midcap can be made over the next 12 months: Devendra Phadke
The Union Budget focussed on the right thing by giving more money in the hands of lower income groups and focussing on infrastructure spending rather than giving freebies.
2023-03-25T12:14:58+05:30
3 Adani companies top gainers' list in a week when Sensex fell prey to Dalal Street bears
Meanwhile, Prudent Corporate Advisory, TD Power Systems, Aarti Drugs, Valiant Organics, TTK Healthcare Ltd, Anupam Rasayan and Krsnaa Diagnostics registered double-digit weekly gains.
2023-03-25T11:38:44+05:30
Harshubh Shah sees Nifty50 at 22,000 in FY24; remain a buyer on every dip
If you are keen to learn astrology, you can always apply it in the stock market and in cryptocurrencies as well or for that matter in any asset class. International market, gold, silver, anything. You name it, you can have it. This is my edge, and the main edge is only planetary cycle which I have decoded using the last three years of knowledge.
2023-03-25T11:31:17+05:30
HNIs, algo prop traders can have a huge impact from STT hike: Mehul Kothari
At this point in time, Nifty is still holding on to the support of the lower end of a falling channel. This channel holds importance because the index is trading inside this falling channel since it made an all-time high.
2023-03-25T11:01:01+05:30
Mind Over Money: Alok Jain with nearly 3 decades of experience highlights 4 rules for every trader to manage stress
The key learning from the thousands of customers with whom I interacted with was that without a system, nobody can really make money in the long term. It is essential to have a framework for investing.
2023-03-25T10:34:08+05:30
Mind over Money: Traders must build Zen-like mindset to create wealth, says Alok Jain's pro tip for every trade
2023-03-25T10:00:00+05:30
These 8 top-performing debt MFs gave over 10% returns in last 3 years
2023-03-25T09:44:57+05:30
Wall St Week Ahead-Strength in megacap stocks masks broader U.S. market woes
Investors are bracing for more banking sector volatility next week, after sharp declines in shares of European giants Deutsche Bank and UBS on Friday followed the collapse of Silicon Valley Bank and Signature Bank earlier this month. Upcoming U.S. data on consumer confidence and inflation could also sway markets.
2023-03-25T09:38:08+05:30
Bank chaos tests traders’ nerves and rewards those doing nothing
The S&P 500 just capped its second straight up week, and while Treasuries have dealt body blows to short sellers, holding on through the worst volatility in four decades would’ve reaped sizable profits.
2023-03-25T09:37:22+05:30
GIFT For P-notes: Key bottleneck removed
ODIs such as P-notes are an indirect route of investing in India for foreign funds that do not want to register with local authorities. In a P-note transaction, a bank, broker or custodian allowed to issue these derivatives buys the securities that the investor desires and issues P-notes against them.
2023-03-25T09:27:46+05:30
F&O trade gets costlier; volumes likely to be hit
"Increase in STT could impact the volumes in the F&O (futures and options) segment, especially from those high-frequency trades, jobbers, and hedgers who actively trade at a small tick price," said B Gopkumar, MD & CEO of Axis Securities. "Low volumes could likely increase the impact cost."
2023-03-25T09:23:55+05:30
Wall Street ends volatile week higher as Fed officials ease bank fears
In separate appearances, three regional Fed bank presidents said that their confidence that the banking system was not facing a liquidity crisis is what led to the decision to implement a 25 basis point policy rate hike on Wednesday.
2023-03-25T09:22:27+05:30
It's advantage FD with debt mutual funds set to lose popularity
Wealth managers said investors will now increasingly consider fixed deposits and other debt instruments that have been offering better rates than several debt mutual funds.
2023-03-25T07:08:34+05:30
Banks could expect more deposits after mutual funds lose indexation benefit
On Friday, the Lok Sabha passed the Finance Bill 2023 with some amendments. According to the Bill, mutual funds having less than 35% assets under management in domestic equity will lose the indexation benefit and the returns will be taxed as short-term capital gains according to the tax slab of the individual.
2023-03-25T01:54:36+05:30
Adani Total Gas, Adani Transmission to move to long term ASM Stage-1 framework from Monday
Indiabulls Enterprises Ltd is another stock that will move from Stage II to Stage I of the long term ASM framework.
2023-03-25T00:23:37+05:30
BNP Paribas Arbitrage sells Bharti Airtel shares worth Rs 105 crore
The shares were sold at an average price of Rs 762.55 per piece, taking the transaction value to Rs 105.41 crore.
2023-03-24T23:25:07+05:30
Reliance Industries names Srikanth Venkatachari as new CFO
"The Board of Directors of the Company, based on the recommendation of the Human Resources, Nomination and Remuneration Committee, at its meeting held on March 24, 2023, has designated Shri Srikanth Venkatachari (Joint Chief Financial Officer of the Company since 2011) as the Chief Financial Officer of the Company with effect from June 1, 2023," the release stated.
2023-03-24T23:08:53+05:30
HAL OFS successful despite tough markets as QIBs, retail investors show high interest
The retail portion of the OFS also received an overwhelming response, with the government getting bids for 14,50,924 shares against 11,70,357 shares on offer for the category.
2023-03-24T22:16:36+05:30
Volcker slayed inflation. Bernanke saved the Banks. Can Powell do both?
Just a couple of weeks ago, threats to financial stability barely registered on the troubleshooting list for central bankers. Now they’ve rocketed toward the top. Powell and his peers say preventing a re-run of the inflationary 1970s remains priority number one. But the signal is shifting
2023-03-24T22:07:24+05:30
India's forex kitty jumps by USD 12.8 bn to USD 572.8 bn
India's foreign exchange reserves rose by USD 12.798 billion to reach USD 572.801 billion in the week that ended on March 17, as per the Weekly Statistical Supplement by the Reserve Bank of India. The bank said that foreign currency assets that contribute significantly to the reserves grew by USD 10.485 billion to USD 505.348 billion, while gold reserves rose by USD 2.187 billion to USD 44.109 billion. However, the country's total forex reserves have been decreasing due to the central bank's efforts to defend the rupee in the face of global pressures.
2023-03-24T21:56:12+05:30
Banking stocks slide as global investors seek safer shores
Banking stocks, including those of Deutsche Bank, dropped amidst concerns that regulators and central banks have not tackled the worst shock to the sector since the 2008 global financial crisis. The euro fell against the dollar, and bond yields and the costs of insuring against bank defaults rose despite policymakers' efforts at reassuring investors. While both U.S. and European banks’ stocks declined, Deutsche Bank experienced the most significant drop—losing over 12% of its value. As a consequence of the market turmoil, investors were looking for support from authorities worldwide to ensure a stable banking sector.
2023-03-24T21:52:59+05:30
​These 10 FMCG stocks hit a new 52-week low; tumble up to 35% in a month
2023-03-24T21:03:10+05:30
Tough times for scalpers, arbitrageurs & HFT firms as STT hike in F&O will hurt volumes
How will this change in taxation impact the derivatives market and who will be affected the most?
2023-03-24T20:42:03+05:30
​15 financial firms where Warren Buffett holds stake
2023-03-24T20:31:58+05:30
Brent slides 2% amid concerns over health of banking sector
Banking stocks slid in Europe with Deutsche Bank and UBS Group hit hard by worries that the worst problems in the sector since the 2008 financial crisis have not yet been contained.
2023-03-24T20:06:10+05:30
6 income tax saving ways for investors to optimise returns in NPS scheme
NPS is a voluntary low-cost investment plan designed to enable people to plan for their retirement. One can invest in this scheme through systematic savings during his/her working lifetime. It is also an effective way to save on tax payouts.
2023-03-24T20:03:33+05:30
Market Watch: Sensex, Nifty fall for 3rd week on STT hike on derivatives, banking concerns
2023-03-24T19:54:40+05:30
Indian gold-dealers pump up discounts, China demand steady
Physical gold dealers in India had to offer the biggest discounts in over a year to attract buyers who were deterred by record-high gold prices last week. There were concerns that festivities in Maharashtra and Karnataka would fuel the purchase of the commodity. In contrast, there was steady demand for gold in China, with premiums going down slightly as the banking crisis continued. Market uncertainty has given investors reason to rely on safe-haven assets, keeping the demand sturdy worldwide.
2023-03-24T19:16:39+05:30
Wall Street recovers as Fed officials calm bank fears
The Dow Jones Industrial Average rose 0.11%, the S&P 500 gained 0.17% and the Nasdaq Composite dropped 0.18%
2023-03-24T19:13:22+05:30
Euro zone bond yields fall on lingering financial stability concerns
Euro zone yields fell as investors anticipate fewer rate hikes from the European Central Bank, while lingering banking stability concerns boost demand for safe-haven assets. German 10-year government bond, the bloc's benchmark, fell 10 basis points, to 2.08%, while the German two-year yield, which is most sensitive to policy rate expectations, fell 14 basis points to 2.34%. Investors have been trying to balance the expectation for a quick end to the Federal Reserve's monetary tightening cycle against remarks from ECB hawks calling for more rate hikes. Market focus will turn to next week's euro preliminary inflation reading for March, which may boost future rate hike expectations.
2023-03-24T19:11:45+05:30
FinMin clarifies on confusion over STT hike following typographical error
2023-03-24T19:00:57+05:30
7 stocks to get delisted from exchanges soon. Do you own any?
2023-03-24T18:52:26+05:30
Gold climbs Rs 70; silver jumps Rs 520
So far this week, gold prices have surged almost 2.50 per cent on the back of safe haven demand and traders expect US central bank may pause its rate hike cycle, Gandhi said.
2023-03-24T17:47:08+05:30
Tech View: Nifty charts hint at downside towards 16,800 levels. What should traders do next week
The recent fall has faded hopes of sustained recovery, and we might again end up seeing range-bound moves in the index. Needless to say, the major support is intact at 16,800 in Nifty. We thus reiterate our view to limit positions and maintain positions on both sides.
2023-03-24T17:43:55+05:30
Zerodha’s new Demat account opening back to March 2020 levels: Nithin Kamath
The reason is outside observers usually look at headline numbers of trading volumes and assume that broking is a huge opportunity with a large revenue pool that will grow forever. In reality, it's a cyclical business that tends to revert to the mean, the billionaire startup founder said.
2023-03-24T17:24:40+05:30
Stock market update: Nifty Pharma index falls 0.22%
The Nifty Pharma index closed 0.22 per cent down at 11755.35.
2023-03-24T17:23:18+05:30
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