Markets

UP hikes sugarcane purchase price by Rs 25 per quintal

The decision of the Yogi Adityanath government also assumes significance, as it came barely a day before the 'Bharat Bandh' called by the Samyukt Kisan Morcha.

30 cos may float public issues in Oct-Nov to mop up Rs 45,000 cr

Earlier this month, Sebi Chairman Ajay Tyagi said that growth-oriented technology companies have raised Rs 15,000 crore through initial share sales in the last 18 months and IPOs worth around Rs 30,00

DIPAM shortlists Cyril Amarchand Mangaldas as legal advisor for LIC IPO

Following presentations, Cyril Amarchand Mangaldas has been selected as legal advisor for the initial public offering (IPO) of Life Insurance Corporation (LIC), the official told PTI.

DIPAM, Cyril Amarchand Mangaldas , legal advisor for LIC IPO, bids from legal advisors, merchant bankers to manage LIC IPO

Mcap of top-10 valued firms jumps over Rs 1.56 lakh cr

During the last week, the 30-share BSE benchmark rallied 1,032.58 points or 1.74 per cent

top 10 valued firms , benchmark index, Reliance Industries, market valuation , hdfc bank, Kotak Mahindra Bank's valuation

Shareholders of MP Birla group firms vote against induction of nominees

Significantly, the board of directors of all the operating companies of MP Birla group “strongly recommended against” induction of nominees of The Punjab Produce & Trading Co.

Harsh V Lodha

Reliance Infrastructure to raise Rs 750 cr

Reliance Infrastructure in a BSE filing also said that Sandeep Khosla has been appointed as Chief Financial Officer (CFO) of the company.

"The FCCBs shall be convertible into equity shares of Rs.10.00 each of the Company in accordance with the terms of the FCCBs, at a price of Rs 111 (including a premium of Rs 101) per equity share," it said.

Edible oil prices could fall H1 of 2022 on higher output : Leading analyst Thomas Mielke

"We expect some moderate price decline in the next three months in the vegetable oils under the lead of sunflower oil followed by palm oil and soyoil, probably by $100" per tonne, Mielke said.

Argentinian soyoil could average $1,050 per tonne in the first half and Black Sea sunflower oil $1,040, he said.

Rs 700-cr shares frozen after raids on Karvy stock broking CMD Parthasarathy: ED

These shares of the Karvy group are being held "directly and indirectly" by CMD Comandur Parthasarathy, his sons Rajat Parthasarathy and Adhiraj Parthasarathy, and their entities.

Karvy stock broking CMD Parthasarathy, ED, Chanchalguda jail of Hyderabad, premises of Karvy group of companies, C Parthasarathy

Bull Run: Sensex soars past 60k; India still the flavour of the season

Investors continue to bet on revival in Indian economy

sensex, indian economy, markets, smaller bond purchases by central banks, rising interest rates in some EMs., benchmark indices, Nifty50

Analyst Corner — Jindal Stainless: Maintain ‘buy’ with TP of Rs 230

Management pointed at its continued focus on deleveraging and guided for start of dividend payout as merger between JSL and Jindal Stainless (Hissar) (JSHL) concludes, likely in the near term. Maintai

JSL highlighted the potential flexibility it enjoys in production planning.

Benchmark indices scale record highs: India still the flavour of the season

Both benchmark indices closed the session at record highs undeterred by the possibility of a sharp slowdown in China or of smaller bond purchases by central banks, rising interest rates in some EMs.

The Jakarta Composite trades at 15.40 times, the Bovespa trades at a multiple of 8.2 times, Bloomberg data shows.

Sunteck Realty rating – Buy: Shahad project to add NAV of Rs 103/share

Deal cements firm position in MMR’s extended suburbs; TP raised to Rs 580 from Rs 475; ‘Buy’ rating maintained

Assuming development over FY24-35E, we estimate gross revenue of Rs 91.2 bn (SRIN share at Rs 72.6 bn) with pre-tax operating surplus of Rs 26.6 bn and NAV accretion of Rs 14.4 bn (Rs 103/share).

Britannia Industries rating – Buy: Firm to continue growing ahead of peers

Any weakness in stock due to weaker demand in Q2 can be an opportunity; TP raised to Rs 4,670; ‘Buy’ rating maintained

Even so, we argue any weakness in the stock due to likely QoQ weaker demand in Q2FY22 (off a strong base) can be an opportunity to add. We list out the key reasons for our rationale.

Bond yields rise on sharp increase in oil prices

On September 14, the benchmark bond yield had ended at 6.1982%, and since then it was trading lower due to positive sentiments in the market.

By the closing of the market hours, Brent crude oil was trading at $77.32 a barrel, up 0.09% for the November maturity. Dealers with state-owned banks expect that the rising prices will put pressure on inflation and the central bank will be left with no room to focus on growth.

Spices Board to hold special e-auction for cardamom on Sunday

The e-auction will bring together the spice community enabling the spice growers to connect with the spice traders in the country to participate in this largest e-auction of cardamom.

The e-auction is schedule to take place at the Board’s e-auction center at Puttady in Idukki.

Sebi disposes of proceedings against Kotak Mahindra Bank

It was alleged that Kotak Mahindra Bank failed to group the FPIs appropriately and did not report to Sebi the delay on behalf of the FPIs in intimation of change in grouping information where the dela

sebi

Indiabulls Housing Finance repays Rs 7,075.84 cr to NCD investors in Sep

IBH has already transferred the first tranche in August 2021, and the next two tranches will be transferred in November 2021 and February 2022, the release said.

China says will ban cryptocurrency mining nationwide; vows to end illegal Bitcoin trading, tightens crackdown

The National Development and Reform Commission said it was launching a nationwide crackdown on cryptocurrency mining. Previous restrictions hove been issued by local governments.

Vedanta says decision to delist American depositary shares from NYSE aimed at simplification

The delisting is expected to become effective 10 days thereafter, at which time the ADS of the company will no longer be listed for trading on the NYSE.

Sensex, Nifty ride at lifetime highs, check investment strategy; know how to create long-term wealth

Even as the Indian share market is riding at record high levels, a few events can hurt near-term sentiments on Dalal Street

Sensex, nifty, stock market

Sensex holds 60,000, midcap, smallcap stocks fall; Nifty to rally further next week

BSE Sensex and Nifty made record closing highs, even after they erased early gains partially on Friday

Sensex, nifty, stock market

Diesel price hiked, no change in petrol rate

State-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) hadn't revised fuel rates since September 5 despite a surge in international oil prices.

diesel price

Journey of Sensex: From 1,000 to 60,000 in over 31 years

It has taken a little over 31 years for the Sensex to traverse from 1,000 level to the famed 60,000 level now.

sensex

T+1 settlement: What it means for investors? Check how it works, why are FPIs opposing?

For T+1 to be successful, we need to understand that the entire ecosystem has to function in a seamless manner that too on a consistent basis.

SEBI, T+1 settlement, stock market

Aditya Birla Sun Life AMC IPO opens next week; check price band, grey market premium, bid details, issue size

Aditya Birla Group’s AMC arm, Aditya Birla Sun Life AMC IPO will open for subscription on 29 September, at a price band of Rs 695-712 per share of face value of Rs 5 each.

Aditya Birla Sun Life AMC IPO

Gold prices may fall further next week, MCX silver at fresh low of 2021; here’s what charts say

The gold market is expected to face a challenging environment as rising real interest rates and a stronger U.S. dollar will act as significant headwinds for 2021

gold, silver, MCX, multi commodity exchange

Sansera Engineering stock lists at 9% premium to IPO price; shares price crosses Rs 800 on D-St debut

Sansera Engineering shares made a strong debut on stock exchanges on Friday, 24 September.

Sansera Engineering IPO listing
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