Funds raised through initial public offers (IPOs) were used for business expansion plans, working capital requirements and other general corporate purposes, as per the offer documents.
The breadth of the market favoured advances, with 1236 stocks advancing, 462 declining and 377 remaining unchanged. On BSE, 1572 stocks advanced, 774 declined and 106 remained unchanged.
Cereals are among the top ten exported items from India. The other products include fabrics, engineering, chemicals and machinery.
Besides, the Employees Provident Fund Organisation's (EPFO) board will also consider a proposal to give extension of six more months to its five fund managers SBI, ICICI Securities Primary Dealership, Reliance Capital, HSBC AMC and UTI AMC for managing its corpus, says agenda listed for the trustees meet scheduled tomorrow.
Marketmen said apart from a firm trend overseas as weaker dollar raised demand for the precious metal, sustained buying by local jewellers at domestic spot market kept gold prices higher.
Markets regulator SEBI has initiated enforcement actions against various entities in the NSE co-location case on June 21
Incorporated in 2002, Fine Organic Industries is the largest manufacturer of oleo-chemical based additives in India.
While there will be speculation on the potential CEO for the term beginning March next year, the managerial changes do help in addressing the succession planning at the bank to some extent.
In an interview, Vakil said that the learning process and tweaks to the Insolvency and Bankruptcy Code would continue for at least two years although the recent ordinance has sorted most of the issues identified in the last 18 months.
The big indices have retreated just 5-6 percent from their peaks, but the price damage in mid and small cap shares has been severe.
Today we bring to you the story of a company that grew along with the Indian republic and over the years has adapted to changing economic climates to become a true-blue Indian conglomerate.
The demonstrated track record of stable and profitable growth across business cycles, established franchise with experienced senior management team, good overall asset quality makes Sundaram Finance a worthy inclusion in the portfolio.
Market experts see political uncertainty remaining till the 2019 general elections as the government might rollout populist measures, which could strain India's macros further.
“The Beats-to-misses (BTM) ratio for 4Q was 0.76x indicating that there were more misses than beats this quarter. After the largely positive surprises in 2Q which had a BTM of 1.42x, 3Q and 4Q have witnessed a sequential decline,” JM Financial said in a report.
Sampath Reddy of Bajaj Allianz Life Insurance is positive on consumption, private financials, IT and metals sectors.
Sector-wise, FPIs bought into financials (non-banking financial companies and private bank), IT and metals and sold autos, utilities, state-run banks, energy and consumer staples.
Given the series of restructuring steps taken by Kishore Biyani lately, it may take a while for earnings to catch up with the valuation.
The S&P BSE Smallcap index has risen nearly 90 percent over the last four years, but as many as 377 stocks listed on it rose 100-6,000 percent over the same period.
With put writers eager to write contracts at the 10,400 strike price and call writers looking to write contracts at around 11,000, the market is expected to gyrate within this band for the next couple of weeks.
Investors are cautious in bidding for solar power projects, fearing that depreciation in rupee, if unhedged, may reduce their returns and in turn increase tariffs.
Red flags are clearly visible, it’s time to decide whether we should buckle up or throw caution to the winds.
BofAML current portfolio consists of retail facing banks, consumer staples and cement.
A list of important headlines from across news agencies that could help in your trade today.
Profits of the country’s biggest private sector bank were dragged by an 85-percent spike in provisions due to a 17-percent rise in bad loans.
The derivatives to cash market ratio for India has increased to 29.6 from around 15.0 two years ago.