The stock market and the money market are shut today i.e. January 22 on account of holiday in many financial institutions across Maharashtra to mark the Ram Mandir ‘Pran Pratishthan’. After the holiday announcement, all public issues that were scheduled to open or list on January 22 have been deferred by a day.
Medi Assist Healthcare Services, scheduled to be listed today has now been rescheduled its listing to January 23. The issue closed on January 17 and the final issue price was fixed at Rs 418 per share. The offer was subscribed 16.25 times.
The Nova Agritech IPO, scheduled to kickstart on January 22 and continue till January 24 will now open for subscription on January 23. The listing too will be deferred by a day to January 31. Similarly the Epack Durable IPO will now close on January 24 instead of January 23. The listing is now scheduled for January 30 instead of January 29.
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Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Monday’s trading session in the positive territory. The NSE Nifty 50 gained 233.44 points or 1% to settle at 22,643.40, while the BSE Sensex jumped 941.12 points or 1.28% to 74,671.28. The broader indices ended in positive territory, with gain led by Large cap and Midcap stocks. Bank Nifty index ended higher by 1186.80 points or 2.46% to settle at 49,387.85. Banking and Financial services stocks outperformed among the other sectoral indices while Realty and IT stocks shed.
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By Jyotivardhan Jaipuria
The markets have seen a price correction over the past few weeks across the large cap, mid-cap and the small-cap segments. So what should investors do now?
Firstly, we have not seen a major correction. To put this in context, we have seen a correction of at least 10% in 23 of the past 25 years. What we are seeing is a normal correction after a sharp rally with valuations being expensive.
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Secondly, the long-term story of India continues to be appealing. Earnings grow…
India’s markets regulator will tell the country’s top court why it paused, then restarted investigations into the Adani Group after a tip in 2014 amid questions around regulatory delays, according to two people with direct knowledge of the matter. The Securities and Exchange Board of India (SEBI) will say for the first time that India’s customs authority alerted it to an alleged misuse of offshore funds by Adani Group companies in 2014 but that the initial investigation did not yield anything and was paused in 2017, the sources said.
SEBI restarted investigations into the group this year after U.S.-based short-seller Hindenburg Research raised governance concerns – allegations Adani Group has denied. Both sources declined to be named because they are not authorised to speak to the media. SEBI did not respond to an email seeking comment. UK Sinha, who was chairperson of SEBI during the investigations, declined Reuters requests for comment.
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Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Friday’s trading session in the positive territory. The NSE Nifty 50 gained 94.35 points or 0.44% to settle at 21,349.40, while the BSE Sensex jumped 241.86 jumped or 0.34% to 71,106.96. The broader indices ended in positive territory, with gains led by Smallcap and Largecap stocks. Bank Nifty index ended lower by 348.30 points or 0.73% to settle at 47,491.85. IT and Metal stocks outperformed whereas Banks and Financial services ends . Wipro, HCL Technologies, Bajaj Auto, Hindalco Industries, and Tata Motors were the top gainers on the NSE Nifty 50, while the laggards includes Grasim Industries, HDFC Bank, Bajaj Finance, State Bank of India, and ICICI Bank. The Indian Volatility Index (India VIX) closed down by 0.36 %.
Foreign institutional investors (FII) offloaded shares worth net Rs 997.76 crore, while domestic institutional investors (DII) added shares worth net Rs 2,661.27 crore on October 9, 2023, according to the provisional data available on the NSE.
For the month till October 9, 2023, FIIs sold shares worth net Rs 9,410.41 crore while DIIs bought shares worth net Rs 7,096.44 crore. In the month of September, FIIs offloaded shares worth net Rs 26,692.16 crore while DIIs added equities worth a net Rs 20,312.65 crore.
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“In the realm of financial markets, amidst rising geopolitical tensions and shifting investor sentiment, opportunities and risks intertwine. While concerns loom over events like the Hamas attack on Israel and significant FIIs selling, the recent positive development with Federal Reserve Vice Chair Phil…
U.S. oil jumped nearly $1 a barrel on Thursday to its highest in more than a year as a steep drop in crude stocks in the United States added to worries of tight global supplies from OPEC+ cuts led by Saudi Arabia.
U.S. West Texas Intermediate crude futures (WTI) led the charge, rising above $95 for the first time since August last year. WTI was at $94.60 a barrel, up 92 cents, or 1%, by 0145 GMT.
Brent crude futures climbed 77 cents, or 0.8%, to $97.32 a barrel after hitting levels not seen since November.
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Jefferies see 28% upside potential in Sunteck Realty stocks on account of Improved growth and governance prospects. The share price of Sunteck Realty surged nearly 7% to hit a 52-week high of Rs 481.90 during the intra-day trade on Wednesday. Jefferies has maintained ‘Buy’ rating on the scrip with a revised upside target or Rs 555.
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“Sunteck’s deal with IFC comes as a boost to perceived Corporate Governance for the company. The platform, alongside any affordable housing policy benefits, raise visibility on growth and land monetization. We roll forward our NAV to Sep’23 and cut our target discount to 10% from 30%, implying a target price of Rs 555,” said Jefferis in its report.
Jefferies highlighted Sunteck’s recent endeavour to create a joint platform with the IFC for an affordable and mid-income housing pl…
The benchmark equity indices ended Wednesday’s trading session in positive territory. The NSE Nifty 50 gained 215.15 points or 1.01% to settle at 21,453.95 points. While S&P BSE Sensex closed 689.76 points higher or 0.98% to settle at 71,060.31 points. The sectoral indice Nifty Bank gained 67.35 points or 0.15% to settle at 45,082.40 points.
On the sectoral front, Media and Metal stocks end higher among their peers. The broader indices ended in the green, with midcap stocks gaining the most.
The laggards include ICICI Bank, Axis Bank, Asian Paints, Adani Ports, and HDFC Life. The Indian Volatility Index (India VIX) closed 3.23% lower.
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