Mahanagar Gas (MGL) has announced its first inorganic acquisition in the CGD space, Unison Enviro (UEPL), from the latter’s erstwhile promoters Ashoka Buildcon and North Haven India Infra (a Morgan Stanley affiliate). MGL has acquired 100% stake in the fledgling city gas distribution (CGD) player and has stated UEPL equity value at Rs 5.3 bn, […]
By Sameet Chavan Our markets started yesterday’s session with a massive bump up beyond 16750 on the back of cheerful mood across the globe. However, this seemed overreaction as markets immediately came back to the realistic levels in the initial trade around 16650 in line with what SGX Nifty was indicating. This was followed by […]
The much-awaited Life Insurance Corporation of India (LIC) IPO (initial public offering) is set to open next week. Even as LIC issue size is trimmed down to 3.5% of equity, from 5% planned earlier; it will still be the largest ever to hit Dalal Street. The insurance company is valued at just over Rs 6 […]
– By Manoj Mohan and Siddhartha Khanna Since the late 1970s and 1980s, the bond and options markets were dominated by traders who learned their craft through experience. They believed that experience and intuition gave them the edge to make money. By the mid-1990s, the old-school grizzled traders had been replaced by a new breed […]
Adani Enterprises, Adani Power, and Adani Wilmar will be removed from the National Stock Exchange’s short-term additional surveillance measures (ASM) framework from Friday. The stocks were added to the framework eight days ago – two days after it was announced that Adani Enterprises would be excluded from the exchange’s ASM from the first time it […]
The reopening of China’s economy, with the government relaxing measures and preparing to reopen Hong Kong’s border, could spell trouble for India’s capital markets as investors move increasingly to the land of the dragon. In the FTSE Emerging Index, India has a weight of around 17-18%, while China is twice the weight at above 35%. […]
To bring transparency in expenses and curb mis-selling, markets regulator Sebi has asked alternative investment funds (AIFs) to provide an option of “direct plan” for investors and introduced a trail model for distribution commission. In addition, the regulator came out with guidelines with respect to excluding an investor from an investment of AIF. This came […]
By Rohan Patil The benchmark Nifty 50 index started last week with a massive three per cent fall. As the week progressed, the index covered the majority of its losses and closed with a half-per cent loss on the weekly closing basis. Prices are continuously closing above their 61.80 per cent Fibonacci retracement on the […]
Benchmark indices BSE Sensex and NSE Nifty fell in trade on Monday, as Sensex dropped 0.66% or 400 points to trade at 60,441 while Nifty fell 116.2, giving up the 17,800 level. Adani Enterprises, Adani Ports, Reliance Industries, SBI, ITC are the most active Nifty 50 stocks intraday. Nifty 50 Gainers and Losers On the […]
High frequency indicators including increase in GST collection, growth in private consumption, GDP print coming above market’s expectations, CPI inflation subsiding meaningfully, and a resilient earnings, suggest a sustained growth in the near-term, said an analysis report by Cushman & Wakefield. Other high frequency indicators such as monthly PMI surveys, retail sales, etc. too point […]
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