Two top investment banks, Enam Financial Services and JM-Morgan Stanley, have backed out from the high-profile initial public offering by real-estate developer DLF Universal
Further outperformance hinges on pickup in industrial activity, buying by local investors.
The company will finalise the final pricing for allotment of shares later.
UBS reduced its Nifty target to 8,600 by December from 9,200.
While analysts predicted the Sensex to cross 30,000 in 2016, the index currently stands 12% lower at 26,400.
Floor price of SAIL to be set at Rs 83 a share.
...followed by financial services, IT, and sales and marketing.
Eight investment banks including HSBC and India's ICICI Securities and SBI Capital have submitted bids to manage a 10-per cent stake divestment in state-owned Coal India.
Experts say the market is more bullish on the BJP as it will ensure continuity in policymaking.
The next key battle the market will watch out for will be in Congress-ruled Karnataka
Rally restricted to big stocks; FIIs have hit investment caps in many large companies.
Offer size could vary from Rs 1,200 cr to Rs 2,000 cr
IPO-bound mobility platform Ola, said it has successfully raised $500 million via a Term Loan B (TLB) from marquee international institutional investors. This term loan has no impact on the valuation of Bhavish Aggarwal-led Ola. The Bengaluru-based firm recently raised $139 million. This is part of a $1 billion funding round for which the company is in talks with investors, increasing its valuation to about $7.5 billion, according to the sources.
'Experts are not ruling out further pain as global factors cannot insulate India from the aftermath.'
Expect more volatility in the coming year as the economy and markets price in the demonetisation drive.
Share rises further to 73 per cent from 66 per cent last year; Some overseas i-banks seen scaling down operations
The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
Was Adani able to clinch this loan merely as a result of his proximity to Prime Minister Narendra Modi?
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
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