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Competition Commission clears LIC Mutual Fund-IDBI Mutual Fund deal
Deals beyond a certain value require approval from the regulator, as it keeps a tab on unfair business practices in the market place.
2023-03-23T08:22:37+05:30
8 small cap schemes offered more than 40% return in three years
The small cap category has faced a lot of volatility in the interim. The category delivered around 2.19% return in the last one year horizon.
2023-03-22T11:07:22+05:30
Valuation risk minimal in largecaps; good time to start investing for long term: Harsha Upadhyaya
Midcaps and smallcaps tend to feel the pinch more than largecaps during macroeconomic advents. This is despite valuation in the smaller caps also correcting. Some profit booking in midcap and smallcap stocks could occur in the nervous market but one should start nibbling back into increasing equity allocation to domestic equities, especially largecaps. Kotak AMC's CIO-Equity, Harsha Upadhyaya, believes the valuation risk remains minimal in largecaps, making them attractive to investors for long-term investments.
2023-03-22T10:09:46+05:30
A Bala on why one shouldn’t worry about SIP cancellation, Adani debt exposure
Aditya Birla Sun Life AMC CEO A Balasubramanian says the firm’s exposure to the Adani Group has been paid on time or earlier than the due date. SIP cancellations might occur, however, the net number should remain positive moving forward. The upcoming election should see a positive outcome for the Indian market. Stocks in the consumption segment would be the least volatile with no earning negative surprises.
2023-03-22T09:21:37+05:30
Why you should hurry to provide nomination details in old MF folios
According to regulatory guidelines, investors should have a nominee for all their mutual fund folios, or inform the fund house they do not wish to have one by March 31. Otherwise, their folios will be frozen for debits.
2023-03-22T08:59:58+05:30
With yields seen peaking, investors can look at long duration funds
"Concerns on growth and financial stability point to easier than expected monetary conditions. If this contagion in the global banking system continues, monetary policy will continue to be easy, making it a good time to allocate some money to long duration bonds with a 5-10 year maturity." says Sandeep Bagla, CEO, Trust Mutual Fund.
2023-03-22T08:25:08+05:30
A win-win solution: A passive, hold-to-maturity, fully G-Sec product
As per Association of Mutual Funds in India (AMFI) data as of January 2023, individual mutual fund investors have 80% of their total mutual fund allocation towards equity schemes, and only 14% of the allocation is towards debt-oriented schemes.
2023-03-21T13:04:04+05:30
Silver ETF: Should you buy it as silver prices soar?
Silver ETFs also have an advantage over SIlver futures which are also traded on the exchanges. The former is traded on exchanges in the form of stocks, Solanki said. Trading in silver futures and for that matter any derivative is complicated while ETFs are much simpler to understand, he added.
2023-03-21T12:53:48+05:30
NFO Watch: 20 new mutual fund offers open this week. Should you invest?
Around nine fixed maturity plans (FMPs), five gilt funds, two ETFs and two fund of funds (FoF), and one ELSS and index fund scheme are open for subscription in the market.
2023-03-21T12:15:22+05:30
Mutual funds to secure a monthly income of Rs 40,000
If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-21T10:32:04+05:30
Why should you consider investing in passives or index schemes?
For some people investment is an activity where there is a lot of action all the time. They strongly believe that to get returns one needs to actively manage their portfolio and churn appropriately, says Suresh Sadagopan.
2023-03-21T09:44:45+05:30
D-Street indices fall on back of weakness in global markets
The NSE Nifty fell 111.65 points or 0.65% to close at 16,988.40. The BSE Sensex declined 360.95 points or 0.62% to end at 57,628.95. "It's the fear factor that the crisis in the developed market financial system will not end soon which is dragging down the market at the moment," said Siddarth Bhamre, head, research, Religare Broking.
2023-03-21T07:29:39+05:30
Investors with 6-12 months horizon can consider money market funds
Puneet Pal, head - fixed income, PGIM India Mutual Fund, said he expected the US Fed to hike rates by 25 bps next week, but he pointed out the crucial aspect will be the future guidance.
2023-03-20T15:46:26+05:30
Why is it the right time to invest in equity mutual funds?
Is it the right time to invest in equity mutual funds? Why mutual fund managers/experts believe that it is great time or opportunity to invest in equity mutual funds?
2023-03-20T12:45:40+05:30
The SMART way to define your financial goals
The goals cannot be vague, such as ‘I will buy a house when I have enough money’. Goals should be ‘SMART’: specific, measurable, achievable, relevant and time-bound.
2023-03-20T06:30:00+05:30
Constant Maturity Fund: 5 things to know
This type of fund has huge interest rate risk as any change in the interest rate will impact the price of the bonds, which will impact fund returns.
2023-03-20T06:30:00+05:30
Should you time your equity investments?
Investing consistently is more than important than timing the markets.
2023-03-20T06:30:00+05:30
Will these mutual funds help me to make Rs 15 crore?
If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-17T16:01:41+05:30
HDFC Mutual Fund launches HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund
HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund, an open-ended target maturity scheme, will close for subscription today. The scheme will re-open for continuous sale and repurchase within five business days from the date of allotment of units under NFO.
2023-03-17T12:24:23+05:30
Mutual Funds buy hotels, entertainment, auto and cement stocks
Equity mutual funds shuffled their holdings in banks and insurance in February as foreign investors trimmed their positions in these stocks as part of their broader sell-off in Indian equities.
2023-03-17T10:29:42+05:30
USD debt can be very attractive to diversify globally: Vishal Kapoor of Bandhan Mutual Fund
"With this fund, an investment by an Indian investor will be made in INR locally into the Bandhan US Treasury Bond 0-1 Year Fund of Fund. Our fund will in turn invest into an overseas ETF that invests in US Treasury Bonds. Being a local investment, individual remittance limits and Tax Collected at Source (TCS) requirements under the LRS facility are not applicable," Kapoor said.
2023-03-17T09:51:10+05:30
Bandhan Mutual Funds US Treasury Bond FoF offers niche dollar play
The US Treasury Bond 0-1 year Fund of Fund is an open-ended FoF that will invest in units of JPMorgan BetaBuilders US Treasury Bond 0-1 year ETF.
2023-03-17T08:33:00+05:30
Sebi renews recognition to AMC Repo Clearing for one year
Securities and Exchange Board of India (Sebi) granted recognition to AMC Repo Clearing Ltd in January last year.
2023-03-16T15:11:31+05:30
Should I make changes to my mutual fund portfolio?
If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-16T13:31:47+05:30
Banking sector mutual funds lost around 9%. What should investors do?
Are the recent troubles offer a great opportunity to invest in banking schemes?
2023-03-16T11:19:53+05:30
Edelweiss to Merge Bharat Bond ETF 2023 with 2025
As per the Income Tax, such mergers will not result in capital gain or loss for the merging schemes. They will be treated as a continuous investment into the next scheme.
2023-03-16T09:11:45+05:30
What are the advantages of investing in target maturity funds?
Target maturity funds are passively managed debt mutual funds that come with a specified maturity date and replicate the underlying index.
2023-03-15T09:53:22+05:30
Despite rising per capita income, SIP ticket size hasn't moved much in last 5 years: DP Singh, SBI Mutual Fund
The Deputy MD of SBI MF, DP Singh, says that the SVB crisis in India will have a minimal impact on the Indian economy, and that the future is bright. Singh also says that the Indian economy is doing well, and that credit is improving. He says that the decoupling of the Indian economy from the US economy is no longer possible and that Indians are investing outside of India.
2023-03-15T09:31:58+05:30
Mirae Asset Mutual Fund launches Mirae Asset Nifty 100 Low Volatility 30 ETF
Nifty100 Low Volatility 30 Index is a Smart Beta ETF that aims to measure the performance of the low volatile securities in the large market capitalization segment. Smart Beta ETFs aim to potentially combine the benefits of both active and passive investing.
2023-03-15T09:10:05+05:30
ICICI Prudential Mutual Fund launches of ICICI Prudential Nifty PSU Bank ETF
The NFO will close for subscription on March 15, 2023.
2023-03-15T09:00:11+05:30
DSP Mutual Fund launches special hotline for women
Women can give a missed call on 8657011333 if they want to learn more about mutual funds, investing or simply about how they can take their first steps toward building a financial plan, a press release said.
2023-03-14T14:14:29+05:30
Best mutual funds to ride the volatile phase in the market
Whenever the market becomes volatile, many investors keep asking whether they can invest in some mutual funds that will help them to deal with the volatility better. Are there safe funds?
2023-03-14T11:10:53+05:30
SBI Mutual Fund raises Rs 3,600 crore through dividend yield NFO
The NFO of SBI Dividend Yield Fund was opened between February 20 to March 6, and it will reopen for subscriptions on March 17, the company said.
2023-03-14T09:24:53+05:30
Outflows in debt mutual funds continue, Rs 13,815-cr withdrawn in Feb
The heavy withdrawal was seen from liquid funds. Debt funds continued to witness outflows at Rs 13,815 crore during the period under review.
2023-03-14T09:23:18+05:30
Kotak Mutual Fund launches Kotak Silver ETF Fund of Fund
The New Fund Offer is open for subscription and will close on March 27.
2023-03-13T13:02:12+05:30
'Loan against mutual funds is economical, provides greater repayment flexibility'
Loan against mutual funds units has existed in the past, but investors stayed away from it due to the tedious process like multiple visits to the branch, fulfilling KYC norms, and waiting for days to get the loan sanctioned and disbursed.
2023-03-13T10:09:46+05:30
Gold ETFs record Rs 165 crore inflow in Feb
Gold ETFs, which track the domestic physical gold price, are passive investment instruments that are based on gold prices and invest in gold bullion.
2023-03-13T08:48:14+05:30
Mutual fund industry being vilified baselessly, says Amfi
Based on regular monthly fund disclosures, global mutual funds tracking firm Morningstar ranks India on top of 26 countries, said Amfi chief executive NS Venkatesh.
2023-03-13T08:41:19+05:30
ICICI Prudential Long Term Equity Fund: Fund review
Given its growth tilt, the fund struggled last year, pulling down its otherwise decent return profile. Its new stance means it will deliver when market starts favouring growth businesses.
2023-03-13T06:30:00+05:30
Consider equity mutual funds with low loss rates: 10 MFs with the lowest 1-year loss rate
The loss rate is defined as the number of time intervals of negative returns as a percentage of the total number of defined time intervals. This is calculated using rolling returns.
2023-03-13T06:30:00+05:30
Arbitrage mutual funds are making a strong comeback; what should investors do?
Fortunes of arbitrage funds have changed in the past three months. These have clocked 1.7% returns over the past three months, even as liquid funds fetched 1.57%. ts, however, say ultra short term debt funds are a better option.
2023-03-13T06:30:00+05:30
IDFC MF to be rebranded as Bandhan MF
Regulators had objected to the use of Bandhan Bank logo for mutual fund operations. IDFC Asset Management Company was acquired by the consortium, which comprises Bandhan Financial Holdings Limited, GIC, and ChrysCapital.
2023-03-11T22:55:40+05:30
Axis Mutual Fund launches Axis S&P BSE Sensex ETF
The New Fund Offer (NFO) of Axis S&P BSE Sensex ETF is open for subscription and will close on March 15. The scheme will be benchmarked against S&P BSE Sensex TRI
2023-03-10T17:17:04+05:30
Be a hero, remain invested in the market; accumulation phase is ahead of us: Swarup Mohanty
Swarup Mohanty advises investors to continue their SIPs and stay invested, as the market will eventually correct itself. Mohanty also discusses the current global market conditions and how they may affect India. He believes that the market is beginning to become fairly valued, and that Indian markets are still relatively stable.
2023-03-10T15:03:01+05:30
Should I hold or sell these Axis schemes?
If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-10T15:01:17+05:30
Equity mutual funds see inflows of Rs 15,685.57 crore in February
Sectoral/thematic category got a total inflow of Rs 3,855.90 crore in February as compared to Rs 903.19 crore in January.
2023-03-10T14:22:21+05:30
16 equity schemes offered more than 15% returns in 5, 7, 10 years
ETMutualFunds looked for schemes that have offered more than 15% returns in five, seven, and 10 year horizons. Rolling returns for schemes that have completed 10 years in the market were considered.
2023-03-10T10:32:23+05:30
Equity FoF offers easy investing, but factor in the costs
Fund of Fund or FoF invests in direct plans of other equity mutual funds. Some funds deploy money only in their own schemes, which could be actively managed or ETFs, while some invest in a mix of schemes of other fund houses and their own products.
2023-03-10T08:31:25+05:30
Embattled Axis Mutual Fund reshuffles top deck
Axis Securities' head B Gopkumar will take over as the CEO and Ashish Gupta, former India research head at Swiss bank Credit Suisse, will be the new chief investment officer, said a press release.
2023-03-10T08:21:11+05:30
Axis AMC appoints B Gopkumar as CEO & MD
Gopkumar had joined Axis Securities as the MD & CEO in October 2019, and has over 28 years of experience in financial services industry in areas of sales and distribution, managing large teams, marketing and branding and also building of digital eco-system.
2023-03-09T21:07:49+05:30
Non-banking lender SBFC cuts IPO size, refiles papers with Sebi
About 50% of the offer will be available for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Bidders, and not less than 35% will be reserved for retail investors. The offer also includes a reservation for subscription by eligible employees.
2023-03-22T18:41:59+05:30
Udayshivakumar Infra IPO subscribed 5.15 times on Day 3; GMP falls
According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, has dropped down to Rs 6-7.
2023-03-22T14:58:33+05:30
Jupiter Hospital likely to file for ₹1,100 crore IPO soon
The proposed IPO will have both fresh issue of shares and offer for sale components.
2023-03-22T10:25:47+05:30
MobiKwik eyes fresh IPO in 12-18 months
“We had planned (the IPO in) March 2022 but before that the Ukraine war happened and Nasdaq started crashing. So, all the multiples were going down,†Taku said on the sidelines of an event, adding that the fintech firm continues to be in an IPO ‘ready mode’.
2023-03-22T07:04:33+05:30
Udayshivakumar Infra IPO sails through on Day 2 despite weak market sentiments
According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, was unchanged at Rs 10. Analysts are mixed on whether investors should subscribe to the IPO given muted market sentiments.
2023-03-21T13:14:16+05:30
IndiaFirst Life Insurance gets SEBI approval to float IPO
IndiaFirst Life Insurance Company recorded its highest five-year growth in terms of New Business Individual Rated Premium (IRP) amongst life insurers with PSU bank percentage, with a CAGR of 27.3% between fiscal 2017 to fiscal 2022.
2023-03-21T11:16:57+05:30
SME IPO: After 384x subscription, Mcon Rasayan India shares list at strong 20% premium
Managing director Mahesh Bhanushali had earlier expressed his gratitude for the overwhelming response the IPO received. He said strong demand for the issue reflected the investors' trust and confidence in the company's growth prospects and the management.
2023-03-20T17:31:08+05:30
Udayshivakumar Infra IPO subscribed 58% on Day One
According to market sources, Udayshivakumar Infra shares are commanding a premium of Rs 10 in the unlisted market, which is higher than the previous day.
2023-03-20T13:27:44+05:30
Global Surfaces IPO share allotment expected today. How to check status
According to market analysts, the grey market premium, which indicates the premium commanded by shares in the unlisted market, fell sharply from subscription closing date to around Rs 15. The company has fixed a price band of Rs 133-140. At the upper end, the company's shares are expected to get listed at 10% premium.
2023-03-20T09:52:24+05:30
Udayshivakumar Infra IPO opens for subscription. Should you bid?
The company has 46 work orders in hand having an aggregate order book value of Rs 1,291 crore, as of the December quarter. Out of these, 30 are ongoing and 16 are new work orders, which are yet to start.
2023-03-20T09:30:55+05:30
Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cos
The six companies had filed their preliminary initial public offering (IPO) papers with Sebi between September 2021 and May 2022 and their papers were returned during January-March (till March 10).
2023-03-19T11:32:02+05:30
Govt approves listing of state-owned IREDA by selling part stake
DIPAM will drive the listing process for which the Centre had given initial approval in 2017.
2023-03-17T20:10:05+05:30
Udayshivakumar Infra IPO to open for subscription on March 20. Check GMP & other details
About 60% of the offer is reserved for retail investors, while 30% is set aside for non-institutional investors. Meanwhile, 10% of the issue is reserved for Qualified institutional buyers (QIB).
2023-03-17T13:29:37+05:30
Maiden Forgings to launch IPO next week; aims to raise Rs 24 crore
Out of the total 37,84,000 equity shares on offer, not more than 17,97,000 equity shares have been reserved for Qualified Institutional Buyers (QIB). A total of 5,39,100 shares have been reserved for Non-Institutional Investors (NII) and the rest for retail individual investors.
2023-03-17T11:16:11+05:30
Another FPO on cards for Patanjali Foods; process to start from April: Baba Ramdev
In an interview with PTI, Ramdev assured his investors and public shareholders that there would be no impact of Patanjali Foods Ltd's (PFL) operation and financial performance and its growth trajectory will remain intact.
2023-03-16T14:41:12+05:30
Investor sentiment fizzles out in IPO mart. What's in store for rest of the year?
Equity markets were plagued by a host of issues this year including rising interest rates, slowing economic growth, Adani crisis and the latest fallout of the banking crisis in the US. Benchmark Nifty is currently 10% down from its peak.
2023-03-16T10:30:19+05:30
White label ATM provider India1 Payments defers IPO plans
It is not planning to seek a fresh approval for the IPO immediately from the Securities & Exchange Board of India because of the current choppy market. "We’re not in a hurry to go and, you know, sell it at any cost," managing director K Srinivas told ET.
2023-03-15T22:20:00+05:30
Global Surfaces IPO subscribed 12.21 times on Day 3
According to analysts, the grey market premium, which indicates the premium commanded by shares in unlisted markets stoo Rs 20. The company has fixed a price band of Rs 133-140. At the upper end, the shares are expected to list at 14% premium over the issue price.
2023-03-15T13:40:22+05:30
Divgi TorqTransfer lists at 5.1% premium
The ₹412-crore IPO comprised a fresh share issue of ₹180 crore and an offer for sale of 3.93 million shares by existing shareholders. As part of the offer for sale, Nilekani's family trust offloaded 1.44 million shares.
2023-03-15T06:01:00+05:30
Global Surfaces IPO fully subscribed on Day 2
Global Surfaces, which is into processing natural stones and manufacturing engineered quartz, has collected Rs 46 crore from anchor investors and set a price band of Rs 133-140 per share. At the upper end of the price band, the company is expected to fetch Rs 155 crore from the IPO
2023-03-14T13:45:34+05:30
SME IPO: Nirman Agri Genetics public issue to open on March 15. Check GMP and other details
The proceeds from the IPO will be used for funding additional working capital, investment in strategic acquisitions and other general corporate purposes.
2023-03-13T21:39:12+05:30
Divgi TorqTransfer shares expected to make a debut on exchanges tomorrow. What GMP signals ahead of listing?
The company's grey market premium is at 18, according to market analysts.The issue was subscribed 5.44 times, driven by strong interest from retail investors
2023-03-13T14:37:04+05:30
Global Surfaces IPO: Check subscription status, GMP and other details
The company has fixed a price band of Rs 133-140. The company plans to raise about Rs 154.98 crore at the upper end of the price band
2023-03-13T14:24:03+05:30
Global Surfaces IPO opens. Should you subscribe to the issue?
Religare broking said the company has a strong opportunity in the international market and its new products and designs would aid growth and increase operational efficiency. The brokerage has a "neutral" rating on the public offer.
2023-03-13T09:26:28+05:30
Global Surfaces among 5 IPOs that will open for subscription this week
The price band for its initial public offering has been fixed at Rs 133-140 per share. Investors can bid for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter
2023-03-12T13:38:21+05:30
Global Surfaces IPO: 10 things you must know before investing
Global Surfaces will be open for subscription on Monday to raise funds through an initial public offering. The company will raise Rs 155 crore at the upper price band of the issue. The shares of the company will be listed on both NSE and BSE. The company will be offering 1,10,70,000 equity through the initial public offering through the book-building process.
2023-03-12T10:47:56+05:30
Tata Technologies IPO: 10 things to know about the public offer
The size of the IPO wasn’t disclosed. However, according to Krishna Raghavan, Founder, UnlistedKart, a SEBI-registered research analyst firm, Tata Technologies' recent buyback valued the company at Rs 16,080 crore, indicating that the offered size could be at least Rs 3,800 – Rs 4,000 crore.
2023-03-11T13:32:49+05:30
Tata Technologies IPO: What it means for Tata Motors investors and key details you need to know
2023-03-10T18:28:43+05:30
Flipkart not averse to Dalal Street IPO
The Flipkart IPO has been in the works since the last few years and it was earlier reported that the company is eyeing a listing on Wall Street
2023-03-10T15:53:09+05:30
Tata Technologies IPO: What it means for Tata Motors investors
Under the IPO, Tata Motors intends to sell 81,133,706 shares of its subsidiary. Two other shareholders - Alpha TC Holdings and Tata Capital Growth Fund I - of the company are also selling shares in the offer.
2023-03-10T13:43:51+05:30
Tata Technologies files IPO papers with Sebi
The IPO is being launched by way of an offer for sale (OFS) of up to 95,708,984 equity shares, representing approximately 23.60% of its paid-up share capital.
2023-03-10T09:24:31+05:30
Global Surfaces IPO to open next week. Check price band and other details
The IPO comprises fresh issuance of 85.20 lakh equity shares and an Offer For Sale of up to 25.5 lakh equity shares by promoters Mayank Shah and Sweta Shah. The company said IPO proceeds will be used for investment in its arm Global Surfaces FZE for part-financing its capex requirements of setting up the manufacturing facility in Dubai and other general corporate purpo
2023-03-09T14:23:49+05:30
Byju’s is said to seek $250 million in Aakash pre-IPO funding
Aakash Educational Services will issue convertible notes that will convert into equity at a discount of 20% to the listing price of the unit’s planned initial public offering
2023-03-09T10:16:19+05:30
Divgi TorqTransfer IPO allotment today. How to check status
The part reserved for retail investors was subscribed 4.31 times, while non-institutional investors (NIIs) and qualified institutional buyers (QIBs) parts were subscribed 1.4 times and 7.83 times respectively. The shares are expected to be listed on the exchanges on March 14.
2023-03-08T13:25:27+05:30
SoftBank's arm aims to raise at least $8 billion in US IPO, say sources
The preparations for the IPO are expected to be kick-started in the U.S. in the coming days, the sources said. The valuation range has not yet been finalized but Cambridge, England-based Arm is hoping to be valued at more than $50 billion during its share sale, the sources said
2023-03-06T19:11:14+05:30
Nova Agritech files DRHP to raise funds via IPO
According to the draft papers, the issue with a face value of Rs 2 per equity share consists of a fresh issue of equity shares worth up to Rs 140 crore and an offer-for-sale (OFS) of up to 77,58,620 equity shares by Nutalapati Venkatasubbarao
2023-03-06T17:18:32+05:30
Airox Technologies scraps IPO plans; withdraws IPO paper
However, the draft offer documents for the IPO were withdrawn on February 28 and the reasons for the withdrawal have not been disclosed, an update with the markets regulator showed on Monday
2023-03-06T16:19:46+05:30
Divgi Torqtransfer Systems' IPO subscribed 5.44 times
The portion reserved for retail investors was subscribed 4.31 times, while the category for non-institutional investors (NIIs), including high-net-worth individuals, was subscribed 1.4 times. The qualified institutional buyers' segment saw bidding for 7.83 times the shares set aside to them.
2023-03-04T06:59:45+05:30
Divgi TorqTransfer IPO subscribed 5.44 times on Day 3; GMP rises
The retail portion was subscribed 4.31 times, while non-institutional investors (NIIs) made bids 1.4 times more than the reserved bit. Qualified Institutional Buyers (QIBs), who largely stayed on the sidelines for two days, came to the party on the last day making bids 7.83 times more than the allotted part.
2023-03-03T13:28:04+05:30
Divgi TorqTransfer IPO Day 2: Retail portion fully subscribed. Check GMP, other details
Qualified institutional buyers, who stayed on the sidelines for most part on Day 2, started bidding towards fag end of the day and the part reserved for them was subscribed 6%. Tomorrow is the last day for subscription to the public issue.
2023-03-02T13:39:57+05:30
Divgi TorqTransfer IPO: GMP indicates potential listing gains. Should you subscribe?
Most analysts say the public offer is decently valued and have recommended investors to subscribe to the issue. They say Divgi Torq is one of the few players in the country that has the ability to develop and supply system level transfer cases and is the only company to make torque couplers.
2023-03-02T09:01:13+05:30
Divgi TorqTransfer IPO subscribed 10% so far on Day 1. Check GMP & other details
Ahead of the IPO, Divgi has raised Rs 185 crore from anchor investors, in which several mutual funds like ICICI Prudential Smallcap Fund, Nippon India Smallcap Fund, Motilal Oswal Large and Midcap Fund among others have participated.
2023-03-01T14:23:28+05:30
Nandan Nilekani-backed Divgi TorqTransfer IPO opens. Should you subscribe?
The Divgi TorqTransfer IPO consists of fresh equity issue worth Rs 180 crore and an offer for sale (OFS) of 39.34 lakh shares by investors and other selling shareholders.
2023-03-01T10:00:00+05:30
What makes Divgi IPO suitable for investors with high risk appetite
Divgi TorqTransfer Systems plans to raise up to Rs 412 crore through an initial public offer. Of this, Rs 180 crore would be through a fresh issue of shares mainly for expansion plans while the balance is an offer for sale by investors and promoters
2023-02-28T19:31:30+05:30
IRM Energy and Lohia Corp get Sebi nod to raise funds via IPO
IRM Energy’s IPO is a complete fresh issue of up to 10,100,000 equity shares with a face value of Rs 10 per equity share. Meanwhile, Lohia Corp’s public issue is a complete offer-for-sale (OFS) of up to 31,695,000 equity shares by existing shareholders with a face value of Re 1 per unit
2023-02-28T15:03:27+05:30
FirstMeridian Business, IRM Energy, Lohia Corp get Sebi go-ahead to float IPOs
Going by the draft papers, staffing firm FirstMeridian Business Services Ltd's Rs 740-crore IPO comprises fresh issuance of equity shares worth Rs 50 crore and an Offer-For-Sale (OFS) of Rs 690 crore.
2023-02-28T13:00:01+05:30
Divgi TorqTransfer fixes price band for public issue
The IPO includes a fresh issue of ₹180 crore and an offer for the sale of up to 3.93 million equity shares. The company intends to meet capital expenditure requirements for the purchase of equipment and machinery from the net proceeds of the fresh issue.
2023-02-28T06:35:15+05:30
Fabindia scraps $482 million IPO amid uncertain market conditions
The 62-year-old company, popular for its sustainable and traditional Indian wear, said it may consider going public in the future and that several global ESG-focused funds had expressed an interest to invest. It did not give details.
2023-02-27T16:05:05+05:30
Rs 67 crore-profit! Nandan Nilekani family trust to mint 370% return in IPO
The red herring prospectus (RHP) of the IPO shows that the weighted average cost of acquisition for Nilekani's firm was Rs 125.28. Considering that shares would be allotted to IPO investors at the upper price band of Rs 590, Nilekani will make a neat profit of Rs 66.98 crore or 370% return from his investment of about Rs 18 crore.
2023-02-27T15:23:33+05:30
IPO drought to end in March with nine companies seeking to raise over Rs 17,000 crore
January and February did not see any public issues. The high-profile ₹20,000-crore follow-on public offering of Adani Enterprises was called off after a rout in its share price following a Hindenburg report accusing the conglomerate of stock price 'manipulation' and accounting 'fraud'.
2023-02-27T05:56:56+05:30
4 consumption & IT stocks to buy on dips: Hemang Jani
Valuation comfort is not present in midcap IT companies like Coforge, Persistent or Mphasis, and there is a possibility of business impact due to banks. However, in large IT names like TCS and Infosys, there is negative sentiment but the valuation comfort is good, with no risk to earnings guidance given by companies. Utilities are going up due to high dividend payout expectations and improvement in standalone refiners' profitability with the positive trend in GRM.
2023-03-23T08:49:34+05:30
F&O Ban: Biocon, IB Housing Finance under ban for trade on Thursday
"The daily momentum indicator triggered a fresh positive crossover on Wednesday, which is a buy signal. Also, we believe that the pullback is not yet complete and we expect it to continue over the next few trading sessions," Gedia said.
2023-03-23T08:45:25+05:30
How Fed rate hike will impact Indian stock market, explained
2023-03-23T08:45:19+05:30
Big Movers on D-St: What should investors do with Ion Exchange, Vodafone Idea and Emami?
It formed Higher Highs and Higher Lows on the long-term chart and is trading close to 52-week highs. It is advised to keep a bullish outlook and to buy at the support level of 3200-3250 with a stop loss of 2990. On the higher side, 3600+ levels are possible.
2023-03-23T08:40:09+05:30
Govt to sell 3.5% stake in Hindustan Aeronautics
The government has proposed to sell 5.852 million shares representing 1.75% of equity capital, with a green shoe option of another 5.852 million shares in the event of the oversubscription. Non-retail investors can subscribe to the offer on Thursday and retail investors on Friday.
2023-03-23T08:29:42+05:30
Asian shares subdued after Fed hints at rate pause
Global markets have been volatile, with bank shares battered in the past two weeks following the sudden failures of two U.S. lenders an emergency sale of embattled Swiss banking behemoth Credit Suisse.
2023-03-23T08:25:36+05:30
Gold edges higher after Fed signals pause in rate hikes
Gold prices jumped 2% on Wednesday after the Fed raised interest rates, but indicated it might pause further increases in borrowing costs after the recent collapse of two U.S. banks.
2023-03-23T08:21:56+05:30
Oil prices fall as investors weigh Fed chair comments, rate hike
Powell also said on Wednesday that banking industry stress could trigger a credit crunch with "significant" implications for an economy that U.S. central bank officials projected would slow even more this year than previously thought.
2023-03-23T08:10:03+05:30
Dollar slips as Fed outlook shifts
The Fed raised its benchmark funds rate by 25 basis points, as expected, but dropped language about "ongoing increases" being needed in favour of "some additional" rises, as it waits and watches how wobbling confidence in banks affects the economy.
2023-03-23T08:05:35+05:30
Stock Market LIVE Updates: SGX Nifty signals a weak start on Fed move
2023-03-23T08:00:11+05:30
Wall Street ends sharply lower as Powell warns inflation fight continues
Gains pared during Powell's remarks and Q&A session in which he vowed to use all available tools to keep the banking system sound, but reiterated the central bank's commitment to reining in inflation.
2023-03-23T07:54:23+05:30
Fed policymakers see one more rate hike this year, cuts in 2024
Forecasts from the 18 policymakers were varied, however, with seven policymakers seeing a higher appropriate stopping point for rates. One policymaker thought no further rate hikes would be needed.
2023-03-23T07:50:20+05:30
First Republic shares fall as Yellen says not considering 'blanket insurance' on bank deposits
That hope was reduced on Wednesday, after Yellen told a hearing of the U.S. Senate's Appropriations Subcommittee on Financial Services that she was not considering such a move without congressional approval and was reviewing bank risks on a case-by-case basis.
2023-03-23T07:46:11+05:30
Investors turn more bearish on stocks after Fed, survey shows
The survey results align with the view of Fed officials, but it pushes back on traders who amped up bets on rate cuts for this year — sending Treasury yields sliding — even after Wednesday’s hike and Fed Chair Jerome Powell’s subsequent comments.
2023-03-23T07:44:55+05:30
Stocks in news: HAL, Hero MotoCorp, GAIL, Reliance Industries, BHEL
The union government will sell up to 3.5% stake in Hindustan Aeronautics Ltd (HAL) through an offer for sale (OFS). The floor price for the OFS has been fixed at Rs 2,450 per share.
2023-03-23T07:25:36+05:30
SGX Nifty down 50 points; here's what changed for market while you were sleeping
Asian stocks struggled Thursday in the wake of a slump on Wall Street after Treasury Secretary Janet Yellen rattled bank shares and the Federal Reserve pushed back against bets for interest rate cuts this year. Benchmark indexes fell in Japan, South Korea and Australia while a gauge of US-listed Chinese companies fell earlier.
2023-03-23T07:17:54+05:30
Options traders could face big losses as NSE scraps 'do not exercise' facility
NSE reintroduced the DNE facility in April 2022 after discontinuing in October 2021 after brokers complained of trading mishaps during the expiry of equity derivatives contracts with traders unable to meet their settlement obligations connected to physical delivery.
2023-03-23T07:00:51+05:30
Stock Radar: Time to bet on defensives? HUL could retest December 2022 highs
The stock hit a 52-week high of Rs 2,741 on 9th December 2022, but it failed to hold on to the momentum. The stock closed at Rs 2,463 which translates into a downside of about 9%.
2023-03-23T06:00:00+05:30
Funding, governance standards key to Adani company ratings: S&P
Analysts Abhishek Dangra and Richard M Langberg, authors of the report, also said serious lapses uncovered in the ongoing scrutiny of the conglomerate could also prompt negative rating action.
2023-03-23T01:09:49+05:30
Libor switchover for loan disputes & defaults may be a snag for banks
After allegations of manipulation and collusion by big global banks, the end of Libor began in 2017, with 2023 decided as the last year in the transition road. By end-2021 many banks had stopped drawing contracts using Libor and June 2023 was set as the deadline for replacing the guiding rate.
2023-03-22T23:30:46+05:30
Old gold sales rise 25% as prices breach Rs 60,000
“There has been a sharp increase in old gold sales following the spurt in prices of the yellow metal. In South India, some are exchanging old gold for new, while some are taking liquid cash against gold,†said James Jose, former secretary of Association of Gold Refineries and Mints.
2023-03-22T22:29:07+05:30
​4 stocks signalling bearish reversal on candlestick screener​
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2023-03-22T22:17:02+05:30
Stock Radar: Buy Hindustan Unilever for a target of Rs 2700, says Ruchit Jain
2023-03-22T22:00:00+05:30
3 IT stocks signalling bullish reversal on Candlestick screener​
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2023-03-22T21:45:05+05:30
​4 PSBs with consistent EPS growth in last 4 quarters​
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2023-03-22T21:21:29+05:30
Ahead of Market: 10 things that will decide D-Street action on Thursday
Stocks are holding steady Wednesday as Wall Street bides its time until the Federal Reserve’s announcement in the afternoon about whether it will tighten the screws further on the economy.
2023-03-22T21:06:23+05:30
Global Surfaces shares debut likely tomorrow. What GMP indicates ahead of listing?
According to market sources, the grey market premium of Global Surfaces shares fell to around Rs 9-10 from Rs 15 earlier. If we consider the upper price band of Rs 140, the company shares are expected to list at a 7% premium over the issue price.
2023-03-22T20:42:53+05:30
Polar Capital Funds sells KIMS shares worth Rs 144 cr
In a separate transaction, Small Cap World Fund Inc sold shares of Kajaria Ceramics for Rs 130 crore through an open market transaction.
2023-03-22T20:16:43+05:30
3 Kirloskar Group companies gave multibagger returns of up to 700% in 5 years
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2023-03-22T20:03:56+05:30
Market Watch: Sensex & Nifty end higher; all eyes on Fed policy outcome
2023-03-22T19:50:11+05:30
GameStop soars 53% after reporting first profit in two years
GameStop soared as much as 53%, heading for its biggest gain in two years, at the opening bell and it pulled other meme stocks along for the ride.
2023-03-22T19:19:37+05:30
US stocks open flat ahead of Fed rate decision
The Dow Jones Industrial Average rose 9.59 points, or 0.03%, at the open to 32,570.19.
2023-03-22T19:10:02+05:30
4 healthcare stocks slip to a new 52-week low. Do you own any?
2023-03-22T19:02:15+05:30
Market Trading Guide: SRF among 4 stock recommendations for Thursday
2023-03-22T18:56:02+05:30
Non-banking lender SBFC cuts IPO size, refiles papers with Sebi
About 50% of the offer will be available for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Bidders, and not less than 35% will be reserved for retail investors. The offer also includes a reservation for subscription by eligible employees.
2023-03-22T18:41:59+05:30
Govt to sell 3.5% stake in Hindustan Aeronautics via OFS
The floor price for the OFS has been fixed at Rs 2,450 per share.
2023-03-22T17:53:30+05:30
Tech View: Nifty forms small red candle. What should traders do on Thursday expiry
The short-term trend of Nifty remains positive, but the market is not gaining momentum through the hurdle. Unless the immediate resistance of 17,200 is taken out decisively on the upside, the chances of a sharp upmove could be less, said Nagaraj Shetti, Technical Research Analyst, HDFC Securities, adding that the immediate support is at 17,020 levels.
2023-03-22T17:42:45+05:30
Why Mark Mobius is not concerned about pricey valuations of Indian markets
After Taiwan, India is currently the top weighted market of Mobius as it takes a bet on the manufacturing potential of the country. The ace investor said that he is looking to increase the allocation going forward.
2023-03-22T17:28:44+05:30
Stock market update: Power stocks up as market rises
The 30-share BSE Sensex closed up 139.91 points at 58214.59
2023-03-22T17:27:35+05:30
US Fed meet: Why it is important and what to expect from Jerome Powell amid banking crisis
2023-03-22T17:24:30+05:30
Fed meeting outcome today: 3 scenarios that can play out for Nifty bulls
So, while a rate hike is essential to bring inflation closer to the Fed’s 2% target, it would mean adding to the liquidity woes the banking system is currently experiencing.
2023-03-22T17:24:20+05:30
Sensex rises! But these stocks fell 5% or more in Wednesday's session
In the Nifty pack, 32 stocks closed in the green, while 16 stocks ended in the red.
2023-03-22T17:22:29+05:30
Drop in foreign flows to deepen on global monetary tightening
The foreign direct investment (FDI) inflows dipped nearly 13% this fiscal till January, mirroring the negative sentiment in the global investment climate, while foreign institutional investors (FII) have sold equities worth $6.1 billion in the same period on net basis, Reserve Bank of India data showed.
2023-03-22T17:19:40+05:30
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 44.4 points up at 17151.9
2023-03-22T17:17:16+05:30
Stock market update: Nifty Realty index falls 0.1%
The Nifty Realty index closed 0.1 per cent down at 394.3.
2023-03-22T17:12:11+05:30
Credit Suisse & Yes Bank write-offs: AT-1 or Contingent Convertible bonds explained
2023-03-22T17:11:09+05:30
Stock market update: Nifty Pharma index advances 1.04%
The Nifty Pharma index closed 1.04 per cent up at 11754.7.
2023-03-22T17:01:57+05:30
Stock market update: Mining stocks up as market rises
The 30-share BSE Sensex closed up 139.91 points at 58214.59
2023-03-22T16:56:45+05:30
Value picks? 11 Street favourite stocks with less-than-industry PE levels
2023-03-22T16:56:41+05:30
Stock market update: Nifty Auto index advances 0.49%
The Nifty Auto index closed 0.49 per cent up at 12201.35.
2023-03-22T16:51:39+05:30
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