The offer comes soon after the Rs 11,370 crore IPO of GIC Re, which will be listed on October 25. It has already been oversubscribed by over 1.35 times.
The combined market valuation of six of the 10 most valued companies surged by Rs 48,372.16 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer.
We believe that the worst is behind us and expect GDP growth to recover, albeit gradually.
Post the implementation of GST, there are some visible signs that recovery in the economy has been taking place but the pace of recovery has been very gradual thus far as the transition to the new tax regime has been prolonged.
This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.
Overall earnings season will also be closely watched due to the impact of GST that has been implemented with effect from July 1. The full impact of new tax system will be reflected in Q2 earnings.
We approach the market for the next 12 months with caution. The same reasons which led to the improvement in cash flows and cost of capital to start deteriorating, Ganeshram Jayaraman, SPARK Capital Advisor, said in an exclusive interview with Kshitij Anand of Moneycontrol.
This has become quite peculiar nature of Nifty where the heavyweights come to the rescue when the major banking index comes under pressure.
The economy has started witnessing uptick as witnessed from the latest service sector activity, auto sales numbers, as well as bid pipeline for government projects, should support markets, Teena Virmani, Vice President-PCG Research at Kotak Securities, said in an exclusive interview with Kshitij Anand of Moneycontrol.
In our Diwali 2017: Should you invest in stocks, gold or fixed income?, we bring to you views of top investment experts on how to position their portfolio at the beginning of the new Samvat year.
The Dow Jones Industrial Average rose 165.59 points, or 0.71 percent, to end at 23,328.63, the S&P 500 gained 13.11 points, or 0.51 percent, to 2,575.21 and the Nasdaq Composite added 23.99 points, or 0.36 percent, to 6,629.05.
A probe by SEBI found that the company had issued equity shares to 9,321 people between 1995-96 and 2006-07 and raised Rs 6.80 crore through such issuance.
The new limits, effective October 23, will ensure stock prices do not fluctuate beyond a prescribed level during a session.
The promoters have to pay the fine 'jointly and severally', as per an order dated October 18 of the Sebi.
Prakarsh Gagdani. Chief Executive Officer of IIFL Group subsidiary 5Paisa Capital, is optimistic about the market.
The pan-European Stoxx 600 was up around 0.14 percent during mid-morning deals, as most sectors and major bourses were in positive territory.
A probe by Sebi found that the company had issued equity shares to 9,321 people between 1995-96 and 2006-07 and raised Rs 6.80 crore through such issuance.
It could not immediately be ascertained however whether Dhongde is still an employee at Mahindra & Mahindra Ltd (MML) as there is no specific mention about his current status in the Sebi order.
Brent crude futures, the international benchmark for oil prices, were at $57.39 at 0420 GMT, up 16 cents, or 0.28 percent from their last close.
Spot gold had declined by 0.4 percent to $1,284.60 an ounce by 0355 GMT. It was down 1.6 percent for the week.
More than any other politician of his generation, Narendra Modi seems to understand what the lower middle classes and the masses want.
Japan's Nikkei 225 rose 0.18 percent after notching its 13th straight positive close on Thursday while the Kospi edged up 0.51 percent.
The Dow Jones Industrial Average fell 3.37 points, or 0.01 percent, to 23,154.23, the S&P 500 lost 0.68 points, or 0.03 percent, to 2,560.58 and the Nasdaq Composite dropped 23.57 points, or 0.36 percent, to 6,600.65.
Brent crude futures , the international benchmark for oil prices, were at $57.31 at 0027 GMT, up 8 cents, or 0.1 percent, from their last close.
Investors have been anxious to hear who President Donald Trump will pick as the nominee. A decision like Powell would likely be a continuation of the current stock market-friendly monetary policy that has helped fuel the market's more than eight-year bull run.