Paytm’s Rs 850-crore share buyback may support the stock price in the near term, but the small size of the issue and its open market mechanism is not likely to make a significant difference to investors, said analysts. Paytm parent One97 Communications’ board has approved the share buyback at a maximum price of Rs 810 […]
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to two stocks/securities on Monday, January 16, 2023. Indiabulls Housing Finance and Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Monday. According to […]
Indian benchmark indices closed on a negative note on Friday. BSE Sensex dropped 316.94 points to settle at 61,002.5 while Nifty lost 0.5%, closing under the 18,000 level at 17,944. After the initial downtick, the Nifty index tried to pare losses but continuous selling in the banking majors combined with a downtick in the IT […]
Foreign institutional investors (FII) sold shares worth a net Rs 932.44 crore while domestic institutional investors (DII) bought shares worth a net Rs 1264.74 crore on Friday, February 3, 2023, according to the data available on NSE. For the month till February 5, FIIs sold shares worth a net Rs 2,212.58 while DIIs bought shares […]
Financial services platform KFin Technologies on Wednesday said it has fixed a price band of Rs 347-366 a share for its Rs 1,500-crore initial share sale, which will open for public subscription on December 19. The three-day initial public offering will conclude on December 21, and the bidding for anchor investors will take place on […]
SGX Nifty hints at a flat to negative start for Indian benchmark indices as Nifty futures trade 53 pts lower at 18254 on the Singapore Exchange. In the previous session, BSE Sensex gained 126 pts to close at 61,294, while NSE Nifty 50 settled above 18,230. “The Indian equity market has returned to green territory, […]
Drone maker ideaForge Technology filed papers with capital markets regulator Sebi to raise capital via an initial public offering. The drone designer and manufacturer boasted of approximately 50% market share in Indian unmanned aircraft systems. The IPO comprises fresh issues of shares worth Rs 300 crore as well as an offer-for-sale (OFS), with the promoters […]
Gold prices corrected sharply on Friday as result of the positive U.S. employment report. The strong jobs data stoked fears of continued rate hikes from the US Federal Reserve. However, despite the global fall, April gold futures on the MCX gained in morning trade, adding Rs 400 or 0.7% to trade at Rs 56,980. Concerns […]
ICICI Bank on Monday said that it will consider raising funds by issuance of debt securities at its board meeting scheduled on April 22. “The Board of the Bank at its meeting scheduled on April 22, 2023, will consider fundraising by way of issuance of debt securities including non-convertible debentures/bonds/notes/offshore certificate of deposits in single/multiple […]
Benchmark indices are likely to open on a negative note, hinted SGX Nifty on Tuesday as Nifty futures traded lower at 18167 on the Singapore Exchange. In the previous session, BSE Sensex rallied 327 pts to 61,168, while NSE Nifty 50 jumped 92 pts to 18,197 “Metals are likely to continue its northward movement as […]