NSE revises circuit limits of over 1,400 scrips
Leading bourse NSE has revised circuit limits for shares of 1,439 companies, including Kingfisher Airlines, Muthoot Finance, Wockhardt, Reliance MediaWorks, as part of its surveillance action. The revised circuit limits, which ensure that the price of a scrip cannot move upward or downward beyond a limit set for the day, is effective from Thursday. The exchange has increased the circuit limit for some stocks, while it has been reduced for others. NSE has raised the circuit limit for 139 shares such as Kingfisher Airlines, Suzlon Energy, UB Engineering, Everonn Education from 5% to 10%.
Fund raising via primary mkt drops 72% in Sept
Fund raising by Indian companies through the primary market route plunged 72% to nearly R1,500 crore in September over the preceding month. This has left the cumulative fund mobilisation by companies for the first six-month period (April-September) of the current fiscal at R9,130 crore, as compared to R8,987 crore raised during the year-ago period. According to Sebi data, companies mopped up a total of R1,477 crore in September, a slump from R5,269 crore mobilised in August.