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Through the launch of this new series in the fourth tranche, Edelweiss Mutual Fund proposes to raise an initial amount of Rs 1,000 crore with a green shoe option of Rs 4,000 crore.
2022-12-07T13:29:57+05:30


Rate hikes and continued reduction in durable liquidity surplus are positive for short-term debt fund categories like the liquid fund.
2022-12-07T13:21:35+05:30


Nippon India Large Cap Fund was the topper among the active funds, with around 14% returns. HDFC Top 100 Fund was in the second position. The scheme offered around 13% returns. Taurus Largecap Equity Fund followed, with 11% returns. ICICI Prudential Bluechip Fund offered around 9% returns.
2022-12-07T12:50:22+05:30


This is the fifth rate hike by the central bank in this financial year. Prior to this, the RBI had raised the repo rate by 40 bps in May and 50 bps in June, August and September.
2022-12-07T11:17:31+05:30


Sebi mandates investors to be KYC (know your client) compliant before they start investing in a mutual fund scheme.
2022-12-07T09:44:48+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-12-06T14:36:31+05:30


Three hybrid schemes were among the top five schemes on the list. HDFC Balanced Advantage Fund was investor’s favourite in 2022.
2022-12-06T12:48:12+05:30


We reached out to Suresh Sadagopan, chief financial planner, Ladder7 Wealth Planners, to find out what he thinks about the investment space in 2022.
2022-12-06T10:53:19+05:30


As per the Sebi mandate, conservative hybrid schemes invest 75-90% in debt instruments and 10-25% in stocks. These schemes are meant for investors looking to invest a small part of their money in equity to get some extra returns.
2022-12-06T10:13:15+05:30


The one category that generated the most buzz in 2022 was in fact a debt fund category: target maturity funds or TMFs. The year saw a whopping number of new TMFs being launched by fund houses.
2022-12-06T09:48:55+05:30


SBI PSU Fund not only topped the return charts in its own category but also managed to outperform all the other equity-oriented funds across categories.
2022-12-05T13:16:24+05:30


Ankita Narsey,Owner, Oak Tree Personal Finance, a mutual fund distribution firm, says she remembers the year for the maturity shown by investors.
2022-12-05T13:07:50+05:30


​First, large cap mutual funds are mandated to invest in top 100 companies by market capitalisation. These large companies fare better in a volatile market as these companies may be market leaders and resilient to downturns. That is why if you are looking for a relatively safer mutual fund category, you should consider investing in large cap funds.
2022-12-05T10:23:19+05:30


While the portfolio is diversified, it takes large positions in the top few bets. The fund has lagged behind the index in recent years but retains outperformance over its category average.
2022-12-05T06:30:00+05:30


Nine out of 10 banks polled by ET expect the central bank to hike rates by 35 basis points - 0.35 of a percentage point - or less at the December 5-7 meeting of the monetary policy committee (MPC). While five of the nine predict a rate increase of 35 bps, two expect it will be in a range of 25-35 bps, another two project a 25 bps hike.
2022-12-05T06:19:10+05:30


2022-12-02T16:20:47+05:30


The good thing is that Indian mutual fund investors have matured a lot. Unlike the past decade, Indian MF investors bought on every dip.
2022-12-02T11:34:26+05:30


If we look at the inflows in these two funds categories in the calendar year 2022, it is Rs 33,920 crore in mid cap funds and Rs 29,240 crore in small cap funds, which is 10.71% and 9.23% of overall inflows in equity funds respectively.
2022-12-02T10:37:15+05:30


Among the sectoral funds, IT has been the worst affected this year. While infra and banking funds are up about 11% and 21% respectively, pharma funds are down about 6% so far.
2022-12-02T10:21:24+05:30


"Our preferred portfolio stance has been India-centric growth sectors like, financials, consumer discretionary and industrials for much of this year and this largely stays but pockets of value have started to emerge in some of the global-oriented sectors such as technology, pharmaceuticals, and commodities. Some of these would also receive support to their earnings from a weak currency."
2022-12-02T09:40:00+05:30


"Investors can start allocating small amounts to long duration products as the risk of mark-to-market loss has reduced significantly," says Sachin Jain, Mutual Fund Analyst, ICICI Securities.
2022-12-02T09:05:38+05:30


The capital markets regulator said in a communication to the industry on November 30, Telegram is rife with dubious groups masquerading as fund houses. Sebi's warning to the industry comes in the wake of instances where investors have been defrauded by these telegram group operators, said three mutual fund industry officials.
2022-12-02T06:51:21+05:30


This is a passive fund that is relatively low cost, compared to actively managed schemes that tend to have a higher expense ratio.
2022-12-01T14:18:47+05:30


“A positive thing has been the continuous SIP inflows by retail investors. So, clearly, the message that ‘timing the markets’ doesn’t work is reaching investors. This has supported Indian markets amid widespread foreign sell-off,” says Prableen Bajpai, founder, Finfix Research & Analytics
2022-12-01T12:28:01+05:30


The BHARAT Bond ETF is India's first corporate bond ETF and it is an initiative of the Government of India, from the Department of Investment and Public Asset Management and the latter has given the mandate to Edelweiss Mutual Fund to design, launch and manage the product.
2022-12-01T11:40:34+05:30


Online mutual funds distribution platform BSE StAR MF has surpassed its previous high to process record 2.32 crore transactions in November, clocking a growth of 10% month-on-month and 38% year-on-year.
2022-12-01T11:32:14+05:30


We reached out to NJ Mutual Fund, one of the new entrants in the mutual fund industry, to find out about its journey in the last one and a half year. Rajiv Shastri, Director and CEO, NJ AMC says that 2022 was challenging and he learnt a lot.
2022-12-01T11:10:27+05:30


IDFC AMC is one of the top 10 AMCs in the country with an average assets under management of over Rs 1.2 lakh crore. It has investment products across equities, fixed income, and hybrid.
2022-12-01T10:37:51+05:30


Equity indices have delivered 11-12% over a long period since 1995. Should a householder invest only in equities then? Probably that would not be wise.
2022-12-01T09:49:07+05:30


The regulator said the initial margin payable by the client to the stock broker should be in the form of cash, cash equivalent or equity ETFs.
2022-12-01T07:33:45+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-11-30T15:34:59+05:30


“In order to avoid inconsistency in investment by MFs in debt instruments of an issuer, irrespective of the scheme being actively or passively managed, it has been decided to introduce a similar credit rating based single issuer limit for actively managed mutual fund schemes,” Sebi said.
2022-11-30T11:28:24+05:30


Currently, credit risk-based single-issuer limits are allowed for debt exchange-traded funds to enable them to effectively manage the risk associated with such investments.
2022-11-30T08:14:09+05:30


​A Systematic Investment Plan (SIP) is a mode of investment offered by mutual funds. Using this method, an investor can put in a fixed amount of money at predefined intervals in a chosen mutual fund scheme.
2022-11-30T08:12:14+05:30


Foreign portfolio investors (FPIs) net bought Indian shares worth ₹1,241.57 crore on Tuesday, showed provisional data from the stock exchanges. So far this month, including Tuesday's provisional data, FPIs have purchased shares worth nearly ₹29,284 crore in the cash segment, the best in three months.
2022-11-30T07:14:31+05:30


“Segments like consumer durables where the valuations have not corrected and are not reflecting the current picture of some slowdown seen in the overall consumption, the competitive pressure is very high and the inability of the companies to pass on the pricing. That is leading to margin contraction and those probably are not getting fully reflected in the valuations.”
2022-11-29T15:10:46+05:30


The Quant ESG Fund is one-year old and is the topper in the category, where a few schemes like Invesco India ESG Fund, ABSL ESG Fund and Axis ESG Fund have offered negative returns in one year.
2022-11-29T13:54:42+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-11-29T11:10:27+05:30


"Equity valuations are above average and not cheap. There are pockets like banking and PSU stocks which are attractive, while consumption is expensive," said Rajeev Thakkar, Chief Investment Officer, PPFAS Mutual Fund.
2022-11-29T09:51:31+05:30


"Debt has become an attractive asset class today because of the higher yields amid rising interest rates," said Sankaran Naren, executive director, ICICI Prudential Mutual Fund.
2022-11-29T09:36:28+05:30


Union AMC today announced the inauguration of its first branch in North East in Guwahati. Union AMC is co- sponsored by Union Bank of India and Dai-ichi Life Holdings Inc. of Japan.
2022-11-29T09:35:30+05:30


An up-trending profit cycle, a likely peak in short rates in 1Q2023 and ebbing global macro risks relative to 2022 make the case for absolute upside to Indian stocks," said Morgan Stanley in a note to clients. "That said, India's relative gains may take a breather in 2023.
2022-11-29T07:08:58+05:30


HSBC Asset Management (India) has said that it has completed the acquisition of L&T Investment Management for a consideration of US$ 425 million, subject to closing adjustments.
2022-11-28T13:03:05+05:30


Nifty Indices linked passive funds account for 76% market share in terms of total number of equity and debt passive funds and 73% market share in terms of total Asset under Management (AUM) of equity and debt Funds in India.
2022-11-28T12:45:43+05:30


The investment objective of the scheme is to seek long term capital growth by investing in allocation ranging for equities between 65-80%, fixed Income and gold ETFs at 10-25% each along with up to 10% in units of REITs and INVITs.
2022-11-28T12:33:28+05:30


Alternatively, AMFI has suggested that holding period to avail long-term capital gains taxation in respect of Gold ETFs (exchange traded funds) should be reduced from existing three years to one year.
2022-11-28T10:07:05+05:30


The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
2022-11-28T06:30:00+05:30


While it had a track record of modest outperformance leading up to the recategorisation, it has been erratic in the past few years. Strong showing in 2020 and 2021 has been wiped away by sharp underperformance this year, hurting its long term track record. It needs to find its feet quickly to catch up with its peers.
2022-11-28T06:30:00+05:30


The Securities and Exchange Board of India (Sebi) said fund houses should pay dividends to unitholders within seven days and the redemption amount should be given within three days.
2022-11-26T08:11:11+05:30


The Nifty Pharma Index has grown at 9.52% annually since October 2012. For example, Rs.1,00,000 invested in the Nifty Pharma Index in 2012 would be worth Rs. 2,48,220 by the end of October 2022.
2022-11-25T15:51:15+05:30


Proceeds from the fresh issue will be utilised towards investment in its NBFC subsidiary, Abans Finance, for financing the augmentation of its capital base to meet future capital requirements and for general corporate purposes.
2022-12-07T17:16:55+05:30


Incorporated in 2015, Dharmaj Crop Guard is an agrochemical company engaged in manufacturing, distributing, and marketing of a wide range of agrochemical formulations.
2022-12-07T15:17:20+05:30


The issue is entirely an offer for sale (OFS) of up to 2,69,00,530 equity shares by the promoters and existing shareholders of the company. The winemaker looks to raise Rs 960.35 crore via initial stake sale as against Rs 1,200-1,400 crore earlier.
2022-12-07T13:48:48+05:30


The retailer of premium vehicles of automakers Mercedes Benz, Volkswagen, Honda and Fiat Chrysler in India is targeting notional revenue of more than Rs 7,000 crore in FY24, which would translate into a profit of Rs 150-170 crore, the people cited earlier told ET.
2022-12-06T23:02:32+05:30


Dharmaj Crop Guard and Uniparts will be listed on the bourses in the next few sessions but their premia in the unofficial market have been retreating lately, considering the profit booking in the Indian markets.
2022-12-06T19:39:39+05:30


The company is backed by Quadria Capital Fund and Rare Enterprises, which was set up by billionaire investor Rakesh Jhunjhunwala, along with his wife Rekha. The veteran stock market investor passed away in August this year.
2022-12-06T13:51:06+05:30


The company has slashed its issue size and is likely to raise about Rs 950-1,000 crore through its initial stake sale. However, the company earlier was eyeing to raise about Rs 1,200-1,400 crore via its IPO.
2022-12-06T13:26:37+05:30


The quota for qualified institutional buyers was subscribed 67.14 times, while the one reserved for non-institutional investors and retailers was subscribed 17.86 times and 4.63 times, respectively.
2022-12-06T13:01:32+05:30


Last heard, the shares of Dharmaj Crop Guard were commanding a premium of around Rs 50 in the grey market, hinting at a strong listing pop. The premium marched higher in the unofficial market after recent listings.
2022-12-05T15:46:23+05:30


As per the DRHP, the public issue comprises fresh issue of equity shares worth up to Rs 750 crore and an offer-for- sale (OFS) of up to Rs 250 crore.Promoter Sarvpriya Securities and investor International Finance Corporation will sell equity shares worth up to Rs 125 crore each.
2022-12-04T10:52:25+05:30


The Tata group firm filed documents with Sebi, Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 29. The firm advertised the move in some leading daily newspapers on Thursday. ET in its November 11 edition was the first to report about this development.
2022-12-02T06:54:37+05:30


The company is selling its shares in the range of Rs 548-577 apiece between November 30-December 2, with a lot size of 25 equity shares. The issue is entirely an offer-for-sale (OFS) of up to 14,481,942 equity shares.
2022-12-01T13:15:15+05:30


A confidential filing, as the moniker suggests, allows a company to privately file a registration statement for an IPO with the regulator for review, delaying the public filing until much closer to the actual IPO date.
2022-12-01T11:33:22+05:30


Dharmaj Crop's IPO had a fresh issue of up to ₹216 crore and an offer for sale of 14,83,000 equity shares. Its price range was ₹216-237 a share. Dharmaj Crop has raised ₹74.95 crore from anchor investors, including Elara India Opportunities Fund, Rajasthan Global Securities and Resonance Opportunities Fund.
2022-12-01T07:40:57+05:30


According to data from BSE, investors made bids for 9,06,84,780 equity shares or 11.32 times compared to the 80,12,990 equity shares offered for the subscription by 12.10 pm on Wednesday, November 30.
2022-11-30T13:35:31+05:30


The majority of the brokerage firms remain positive on the issue, citing reasonable valuations, strong business models, robust growth prospects and attractive opportunities. However, being entirely an OFS is a key risk to the issue, according to analysts.
2022-11-30T09:59:56+05:30


Uniparts India is a global manufacturer of engineered systems and solutions. It is one of the leading suppliers of systems and components for the off-highway market in agriculture and construction, forestry and mining and aftermarket sectors on account of its presence across over 25 countries.
2022-11-30T07:35:51+05:30


During Q2 2022, proceeds raised from main markets equated to $4,326 million via 13 IPOs compared to 4 IPOs raising $334 million during Q3 2022, a decline of 92% in the proceeds raised and a decline of 69% in the number of deals, as per the EY IPO trends report.
2022-11-29T18:57:35+05:30


The premium for the listing-bound Dharmaj Crop Guard and Uniparts India is moving higher in the unofficial market, hinting a strong listing pop for investors, if the optimism prevails for another few sessions.
2022-11-29T17:49:17+05:30


With the increasing share of the warehousing model, the company’s inventory days are elevated. In the previous three fiscal years, it had inventory days of 131-145. A high client concentration may affect financials if the business momentum from large clients moderates.
2022-11-29T17:41:01+05:30


The quota for retailers was subscribed 4.54 times, whereas the employees portion was booked 2.21 times. Portion for non-institutional investors fetched 3.29 times bids, and the portion for qualified institutional bidders was booked 36%.
2022-11-29T13:36:08+05:30


The category for Retail Individual Investors (RIIs) received 2.60 times subscription, non-institutional investors portion was subscribed 1.80 times and Qualified Institutional Buyers (QIBs) 35 per cent.The IPO has a fresh issue of up to Rs 216 crore and an offer for sale of 14,83,000 equity shares.Price range for the offer is at Rs 216-237 a share.
2022-11-28T19:25:27+05:30


As per the DRHP, the IPO will comprise a fresh issue of equity shares worth up to Rs 750 crore and an Offer for Sale (OFS) of up to Rs 250 crore
2022-11-28T18:24:29+05:30


The IPO of Uniparts India will close for subscription on Friday, December 2.
2022-11-28T14:19:08+05:30


The company is selling its shares in the range of Rs 216-237 apiece between November 28-30, with a lot size of 60 equity shares. The issue comprises fresh equity shares worth Rs 216 and an offer-for-sale (OFS) of Rs 35.15 crore.
2022-11-28T13:46:41+05:30


Dharmaj Crop IPO consists of fresh equity shares worth Rs 216 crore, with existing promoters and shareholders offloading 14,83,000 equity shares worth Rs 35.15 crore via offer for sale (OFS). Bids can be placed in the lot size of 60 shares.
2022-11-28T09:52:55+05:30


Rising expectations of aggressive rate hike cycles nearing an end on relatively easing inflationary curve, better than expected US macroeconomics data and resilience of the Indian economy compared to global counterparts are also driving FPI inflows.
2022-11-27T13:30:23+05:30


In August, the general insurance firm filed draft papers seeking approval from the Securities and Exchange Board of India (SEBI) to go public. The capital markets regulator had sent a written back to the investment bankers handling the IPO for certain clarifications in October and is awaiting a response.
2022-11-25T18:58:15+05:30


The company will sell its shares in the range of Rs 548-577 apiece with a lot size of 25 equity shares. However, this Rs 835.61 crore issue is entirely an offer for sale by the promoters and existing shareholders of the company.
2022-11-25T15:35:25+05:30


The company has five manufacturing facilities, two at Ludhiana, Punjab, one at Visakhapatnam, Andhra Pradesh, and two at Noida, Uttar Pradesh. It also has a manufacturing, warehousing and distribution facility at Eldridge (US).
2022-11-25T11:06:40+05:30


Dharmaj has a strong positioning in the agrichemical value chain with a portfolio of 414 agrochemical formulations and six agrochemical technicals. The company expanded the installed capacity significantly to 25,500 metric tonnes (MT) in FY22 compared with 9,150 MT in FY20.
2022-11-24T19:00:48+05:30


Paytm’s grim first anniversary underscores an erosion of confidence in its ability to become profitable after debuting at a time when India’s IPO market was enamored with tech startups. It’s one among a slew of startups that listed with valuations seen by many as exaggerated.
2022-11-24T12:30:24+05:30


It was subscribed 1.55 times. While retail investors bid for 4.7 times the allotted shares, only 50% of the high net-worth individuals' portion was subscribed.
2022-11-24T06:29:51+05:30


Investors can place a bid of a minimum of 60 equity shares and in multiples thereafter. Also, the issue is open for subscription till Wednesday, November 30. The anchor book will open for a day on November 25.
2022-11-23T09:20:19+05:30


The stock however, gave up part of its gains before closing at ₹690.10, up 17.6% over its issue price. The ₹858-crore IPO, in which shares were sold in the price band of ₹559-587 between November 10 and November 14, was subscribed over 34 times.
2022-11-23T05:59:48+05:30


The company's ₹1,960-crore IPO was sold in the range of ₹450-474 per share between November 9 and November 11. Only 70% of the IPO was subscribed but the issue sailed through as it met the criteria set by the Securities and Exchange Board of India for an IPO.
2022-11-22T05:54:47+05:30


The portion reserved for institutional investors was subscribed 48.91 times, while the retail quota was subscribed 9.96 times. The high-net-worth individuals' portion received bids for 14.9 times the shares reserved for them.
2022-11-22T05:51:36+05:30


Abhay Doshi, co-founder, UnlistedArena, said despite pricey valuations, the company has a strong business model leading to strong subscription during the three-day bidding process.
2022-11-21T17:27:12+05:30


Incorporated in 1995, Keystone Realtors is a Rustomjee Group company and is one of the prominent real estate developers. It is engaged primarily in the business of real estate construction, development and other related activities.
2022-11-21T14:29:35+05:30


Incorporated in 2012, Inox Green Energy Services is one of the major wind power operation and maintenance service providers in India. The company is a subsidiary of Inox Wind.
2022-11-21T14:20:42+05:30


Before jumping into any statistics, let's discuss what the macroeconomic situation has been over the last 10 months. The economy has witnessed a roller coaster ride of events, from the Russia-Ukraine War to skyrocketing inflation, markets have seen it all. High commodity prices have hit companies' margins all over the world.
2022-11-19T14:03:24+05:30


Last heard, the company's shares were being dealt at a premium of Rs 120-125 in the unofficial market, translated into a premium of about 30% compared to its issue price of Rs 407.
2022-11-19T12:50:27+05:30


Experts believe that one shall not expect a dry season for the primary markets but investor's interest and risk appetite have taken a hit after a long series of muted listings, which has dented both number and sizes of the issues.
2022-11-18T13:29:28+05:30


By the close of trading, however, Nykaa’s stock price recovered to close flat at Rs 185. With the post-IPO lock-in of shares ending for large investors, who had bought the stakes when these companies were private, market players feel there’s more pain for these scrips. For one, these stocks are expected to be weighed down further by large-size selling by early backers. Secondly, fearing a large sell-off, prospective investors will also be cautious to buy these stocks, a trader said.
2022-11-18T07:40:09+05:30


The IPO will include a fresh issue of shares worth up to Rs 1600 crore
2022-11-17T23:53:44+05:30


Analysts tracking the grey market said there is definitely the sentimental impact, particularly after the listing of Medanta, which continued to be in demand after the listing following the fund action.
2022-11-17T16:41:03+05:30


Indian IPOs raised a record $18 billion in 2021 on government efforts to foster startups combined with easy-money policy and a surge in retail trading during the pandemic. But investors have since dumped high-profile tech shares, even as the broader Indian stock market has outperformed global peers and scaled new peaks.
2022-11-17T14:09:24+05:30


The Mumbai offering may raise between Rs 30 billion and Rs 40 billion, they said, asking not to be identified as the information is private. The IPO may consist of about 75% primary shares and the rest in existing shares, one of the people said.
2022-11-17T12:36:48+05:30


According to the data from BSE, the investors made bids for 1,21,52,241 equity shares or 1.41 times compared to the 86,47,858 equity shares offered for the subscription by 12.15 pm on Wednesday, November 16.
2022-11-16T13:40:57+05:30


The hospitality industry body alleged that "OYO is responsible for the systemic depredation of the budget segment hotel business and its market as a means to achieve a notional billion-dollar valuation which is a serious cause of concern for the hospitality ecosystem of the country."
2022-11-15T21:30:17+05:30


Last month, the insurance regulator allowed private equity funds to invest directly into insurance companies, non-promoters to hold up to a 25 percent stake, and eased solvency ratios for products.
Mon, 05 Dec 2022 13:18:45 +0530


The new EoM rules, and the bunch of relaxations on capital and distribution tie-ups that IRDA has announced, should explain the surge in the shares of listed life insurers.
Mon, 28 Nov 2022 14:33:22 +0530


If implemented, it will ensure PMJAY coverage for an additional 7.5 crore population in India.
Mon, 31 Oct 2022 11:33:37 +0530


If implemented, it will ensure PMJAY coverage for an additional 7.5 crore population in India.
Mon, 31 Oct 2022 11:33:37 +0530


Experts believe that all insurance products covering mental health will help remove the stigma around it and positively influence the health-seeking behaviour of patients
Thu, 27 Oct 2022 13:39:25 +0530


The Dow Jones Industrial Average fell 39.9 points, or 0.12%, at the open to 33556.4
2022-12-07T20:15:39+05:30


The fund raise will include a base issue of up to 1,000 bonds, aggregating to Rs 1000 crore , with a green-shoe option to retain oversubscription of up to 11,000 bonds, aggregating to Rs 11,000 crore
2022-12-07T19:52:38+05:30


The 30-share BSE benchmark ended 216 points lower at 62,410.68
2022-12-07T19:34:17+05:30


2022-12-07T19:12:34+05:30


Siddhartha Khemka: So if you look at the broader spectrum, auto is another sector or space, directly linked to the rural sector, but some of these OEMs have a mixed kind of outlook in the near term. So, there is an indirect play on the auto tyres.
2022-12-07T18:33:13+05:30


2022-12-07T18:25:34+05:30


The central bank changed the timings in April 2020 in view of the operational dislocations and elevated levels of health risks posed by COVID-19.
2022-12-07T17:34:52+05:30


The index slipped below its recent consolidation on the hourly chart, suggesting a waning bullishness. The momentum oscillator is in a bearish crossover. The trend is likely to remain negative going forward; support on the lower end is pegged at 18,500/18,350. On the higher end, resistance is visible at 18,670/18,750.
2022-12-07T17:34:13+05:30


Cubex Tubings, PPAP Automotive, FACT, Sarveshwar Foods and Adroit Infotech, hit their fresh 52-week highs during the day.
2022-12-07T17:27:24+05:30


According to Sebi, Sumangal Industries had collected funds from investors through illegal collective investment schemes (CIS), while the other three firms garnered capital from investors by way of issuance of securities such as non-convertible debentures (NCDs) and redeemable preference shares (RPS) without complying with the regulatory norms.
2022-12-07T17:24:41+05:30


The Nifty 50 index closed 0.44% lower at 18,560 and the S&P BSE Sensex finished 261 points down to 62,410.
2022-12-07T17:21:52+05:30


The 30-share BSE Sensex closed down 215.68 points at 62410.68
2022-12-07T17:17:12+05:30


Proceeds from the fresh issue will be utilised towards investment in its NBFC subsidiary, Abans Finance, for financing the augmentation of its capital base to meet future capital requirements and for general corporate purposes.
2022-12-07T17:16:55+05:30


The Nifty Bank index closed 0.09 per cent down at 43098.7.
2022-12-07T17:12:06+05:30


In the Nifty 50 index, 9 stocks ended in the green, while 40 stocks closed in the red in today's trade.
2022-12-07T17:06:59+05:30


NTPC, SBI Life, Bajaj Finserv, IndusInd Bank and Tata Motors were among the top losers on NSE in today's trade.
2022-12-07T17:01:51+05:30


The 30-share BSE Sensex closed down 215.68 points at 62410.68
2022-12-07T16:56:42+05:30


The Nifty Auto index closed 0.8 per cent down at 12870.65.
2022-12-07T16:51:35+05:30


In the Nifty50 index, 9 stocks closed in the green, while 40 stocks ended in the red.
2022-12-07T16:46:27+05:30


A softer rate hike of 35 bps is justified against the backdrop of moderation in inflation despite it remaining above the upper limit of RBI’s inflation target band for 10 months in a row
2022-12-07T16:46:25+05:30


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2022-12-07T16:42:59+05:30


The 30-share BSE Sensex closed down 215.68 points at 62410.68
2022-12-07T16:41:20+05:30


The NSE Nifty index closed 82.25 points down at 18560.5
2022-12-07T16:36:13+05:30


The 30-share BSE Sensex closed down 215.68 points at 62410.68
2022-12-07T16:31:06+05:30


The 30-share BSE Sensex closed down 215.68 points at 62410.68
2022-12-07T16:25:56+05:30


Oil weakened on Wednesday, with Brent crude falling close to its lowest this year, pressured by concern about recession and easing fears that a Western cap on Russian oil prices would significantly curb supply.Warnings from big U.S. banks about a likely recession next year weighed, and supported the U.S. dollar. A stronger dollar makes oil more expensive for holders of other currencies and tends to dampen appetite for risk assets.
2022-12-07T16:21:04+05:30


The Nifty Realty index closed 1.19 per cent down at 457.9.
2022-12-07T16:20:45+05:30


Investors appear to be heeding the warnings. Following a two-month rally, the S&P 500 Index has fallen in all but one of the last eight sessions and dropped 1.4% on Tuesday. Equity strategists, historically the market’s biggest cheerleaders, are now predicting a down year in 2023. And the red flags are being waved in the wake of wage and services data that suggested inflationary forces still grip the economy.
2022-12-07T16:15:55+05:30


The NSE Nifty index closed 82.25 points down at 18560.5
2022-12-07T16:15:36+05:30


“The members of the company approved a bonus issue in the ratio of 1:1 i.e. One new bonus equity share for every one existing fully paid-up equity share and subdivision of the company's one equity share of the face value of Rs 10 each into two equity shares of the face value of Rs 5 each,” the company said in a release.
2022-12-07T16:15:24+05:30


The Nifty Pharma index closed 0.66 per cent down at 12869.8.
2022-12-07T16:10:28+05:30


The BSE Sensex closed 215.68 down at 62410.68 on Wednesday.
2022-12-07T16:05:21+05:30


Sensex ended 216 points lower while the Nifty ended below 18,600 mark.
2022-12-07T16:03:45+05:30


In the Nifty pack, 9 stocks closed in the green, while 40 stocks ended in the red.
2022-12-07T16:00:11+05:30


The RBI raised the key repo rate by 35 basis points (bps) to 6.25%, as widely expected, in its fifth straight increase, and vowed there will be no let up in its fight to tame high inflation.
2022-12-07T15:52:07+05:30


2022-12-07T15:49:16+05:30


"Gold price is trading slightly lower amid risk-off moods on recession fears, which was driving a move back to safe havens," said Dilip Parmar, Research Analyst at HDFC Securities.
2022-12-07T15:46:44+05:30


2022-12-07T15:45:10+05:30


The RBI has begun experiments on both the wholesale and retail versions of e-rupee using blockchain distributed-ledger technology, as an alternative to cash.
2022-12-07T15:41:37+05:30


Incorporated in 2015, Dharmaj Crop Guard is an agrochemical company engaged in manufacturing, distributing, and marketing of a wide range of agrochemical formulations.
2022-12-07T15:17:20+05:30


Honestly I do not think history in Indian markets will be very relevant here because some of these businesses we are seeing for the first time. Apart from the technical factors, we should also not forget that we have seen a rise in the interest rates which mean the cost of equity itself has gone up.
2022-12-07T15:08:48+05:30


5paisa Capital, a discount broking unit belonging to Nirmal Jain-controlled IIFL Group, has decided to buy IIFL Securities' online retail broking business in an all-stock deal.
2022-12-07T14:31:58+05:30


"A change in stance to dovish going forward by RBI will lead to rally in the banking segment while a prolonged hawkish stance will impact deposit rates and lead to narrowing NIMs, more so for PSBs," said Anil Rego, founder and fund manager at Right Horizons PMS.
2022-12-07T14:27:27+05:30


The stock traded at a P/E multiple of 54.13, while the price-to-book value ratio stood at 12.22.
2022-12-07T14:10:46+05:30


A total of 6,706 shares changed hands on the counter till 02:05PM (IST)
2022-12-07T14:05:37+05:30


Keeping the inflation dynamics in mind, the central bank raised its projection on headline inflation based on the consumer price index for the current quarter and the next quarter by 10 basis points each to 6.6% and 5.9%, respectively.
2022-12-07T14:01:42+05:30


2022-12-07T14:00:18+05:30


The stock traded at a P/E multiple of 75.25, while the price-to-book value ratio stood at 17.88.
2022-12-07T13:55:16+05:30


Exciting times in the market can go both ways - it can be a time of temptation to exit and book profits, or it can be a clarion call to participate in a bull run; a constant guessing game of what might happen next.
2022-12-07T13:50:29+05:30


A total of 3,732 shares changed hands on the counter till 01:50PM (IST).
2022-12-07T13:50:09+05:30


Based on the open interest future percentage, a short build-up is seen in 84 stocks, including Nifty Financial, Crompton Greaves Consumer Electrical, Delta Corp, Alkem Laboratories, and Jubilant Foodworks
Wed, 07 Dec 2022 20:42:55 +0530


ED investigation revealed that the management misused the No Profit No Loss scheme over a series of transactions.
Wed, 07 Dec 2022 20:22:33 +0530


The company’s shares could list at an 18-22 percent premium over the upper end of the IPO’s price band considering better utilisation of the funds raised and reasonable valuations, analysts said.
Wed, 07 Dec 2022 18:50:17 +0530


The company’s shares could list at an 18-22 percent premium over the upper end of the IPO’s price band considering better utilisation of the funds raised and reasonable valuations, analysts said.
Wed, 07 Dec 2022 18:50:17 +0530


The company’s shares could list at an 18-22 percent premium over the upper end of the IPO’s price band considering better utilisation of the funds raised and reasonable valuations, analysts said.
Wed, 07 Dec 2022 18:50:17 +0530


Prabhudas Lilladher recommended hold rating on Indian Railway Catering and Tourism Corporation with a target price of Rs 679 in its research report dated November 15, 2022.
Wed, 07 Dec 2022 18:41:22 +0530


Prabhudas Lilladher recommended accumulate rating on Ipca Laboratories with a target price of Rs 950 in its research report dated November 15, 2022.
Wed, 07 Dec 2022 18:35:11 +0530


Prabhudas Lilladher recommended accumulate rating on ABB India with a target price of Rs 3291 in its research report dated November 15, 2022.
Wed, 07 Dec 2022 18:28:08 +0530


Prabhudas Lilladher recommended accumulate rating on ABB India with a target price of Rs 3291 in its research report dated November 15, 2022.
Wed, 07 Dec 2022 18:28:08 +0530


Prabhudas Lilladher recommended accumulate rating on Aurobindo Pharma with a target price of Rs 550 in its research report dated November 16, 2022.
Wed, 07 Dec 2022 18:21:58 +0530


The results of the MCD election have opened new political doors in the capital. This is a significant responsibility for Kejriwal, and the public will closely monitor the pledges made by AAP
Wed, 07 Dec 2022 17:40:49 +0530


Existing home loan borrowers may see EMIs rising as there is not much room for loan tenures to increase. On the other hand, they may gain from a likely rise in fixed deposit rates
Wed, 07 Dec 2022 17:30:55 +0530


The Tech Entrepreneurs Association of Mumbai (TEAM) consists of Mumbai-based startup founders that have come together in a first-of-its-kind initiative to establish brand Mumbai as a startup hub.
Wed, 07 Dec 2022 17:15:27 +0530


As long as the index holds 18,500, hopes of the index inching back to 18,700 remain, experts said
Wed, 07 Dec 2022 17:10:04 +0530


At close, the Sensex was down 215.68 points at 62,410. Nifty declined 82.30 points to 18,560
Wed, 07 Dec 2022 16:34:06 +0530

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