The shares of Maruti Udyog Limited will be listed on Wednesday on the Bombay Stock Exchange and the National Stock Exchange for trading in the secondary capital market.
The shares of car major Maruti Udyog Ltd would be listed on the National Stock Exchange and Bombay Stock Exchange by July 9-10, its managing director Jagdish Khattar said on Monday.
Zero-debt Cairn India has $2.85 billion cash reserve.
Reliance Communication Ventures on Monday got listed at the Bombay Stock Exchange opening strongly at Rs 290 a share.
Reliance Energy Ventures Ltd shares listed on the bourses on Friday and traded at Rs 48.90.
Did the NSA mean the terrorists had used their advance knowledge of planned terrorist strikes in India to make money from the stock market?
The National Stock Exchange (NSE) will shift the expiry of Bank Nifty derivatives contracts from Thursday to Friday, after smaller rival BSE did so earlier. The change, effective July 7, will apply to both weekly and monthly futures and options (F&O) contracts of the widely traded banking sector index. The first Friday expiry will be on July 14, 2023. NSE dominates the derivatives segment.
Shrinking inflows and surging outflows on account of profit-booking has curtailed mutual fund (MF) investments in equities since April. The total investments made by equity MFs during the first three months of 2023-24 stands at just Rs 2,980 crore, compared with an average monthly investment of Rs 14,500 crore in 2022-23, reveals data from the Securities and Exchange Board of India. "We are seeing signs of moderation in non-systematic investment plan (SIP) contribution, which has impacted domestic fund inflows in recent months to some extent," says Kunal Vora, head-India equity research, BNP Paribas.
The Reserve Bank of India is planning to allow retail trading in government securities on the stock exchanges to widen the market.
Back home, the Nifty IT index - a gauge of the performance of the IT stocks on the National Stock Exchange (NSE) that has closely mirrored the performance of NASDAQ over the past few years - has lost nearly 2 per cent in CY23.
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
The stock market nearly made up for the 1,744 points it tanked on Wednesday after the government and regulator SEBI reassured investors there was no move to ban Participatory Notes (PNs) but only curb funds inflow.
Within minutes of listing, the scrip of the country's biggest transmission utility touched a high of Rs 100 and as many as 28.86 lakh shares changed hands at the BSE. At the National Stock Exchange, the scrip got listed at Rs 89.80, touched a high of Rs 99.90 and over 8.36 crore shares were traded.
The committee members from the ruling and Opposition parties, in separate interactions with BSE and NSE, termed the volatility as 'clueless' and wanted both the exchanges to pull up their socks.
The shares will be bought in the open market on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) over a period of time.
Trading for the scrip of Jet Airways (India), which will be listed on National Stock Exchange on Monday, would be in the normal market segment.
Beauty and healthcare products manufacturer Emami Ltd's public offering has received bids for shares 4.62 times the issue size, bidding for which began on Friday.
NSE recorded almost 145 crore (1.45 billion) equity trades on its platform last year, a gain of 3 per cent from 2012, making it the biggest among 51 global peers, according to data with the World Federation of Exchanges.
With the Nifty50 surging past the 20,000 mark, the markets are experiencing a spate of initial public offerings (IPOs) with four issues set to raise over Rs 4,673 crore this week. Another quartet, cumulatively worth Rs 3,000 crore, is expected to launch next week. Companies like RR Kabel, SAMHI Hotels, Zaggle Prepaid Ocean Services, and Yatra Online are set to hit the primary market this week, while Signature Global, Updater Services, Sai Silks (Kalamandir), and Vaibhav Jewellers are slated for next week. This flurry of activity is driven by multiple factors including buoyant market conditions, increased demand for IPOs, and specific rule on the disclosure of quarterly financials.
The net inflows into active equity mutual fund (MF) schemes registered more than a twofold month-on-month rise in August, crossing Rs 20,000 crore, the highest in five months. This rise in net inflows was boosted by an 18 per cent growth in gross investments, driven by a record Rs 15,800 crore inflow through the systematic investment plan (SIP) route and Rs 5,000 crore collected by seven new fund offers (NFOs) in the active equity space, reveals data released by the Association of Mutual Funds in India (Amfi). Moreover, redemptions moderated in August, declining by 19 per cent to Rs 24,580 crore, after staying elevated in the previous three months owing to profit booking.
Oravel Stays Limited, the parent company of travel-tech firm OYO, has received in-principle approval from BSE and NSE to list on the respective bourses, sources said. OYO has filed preliminary documents for a Rs 8,430 crore initial public offering (IPO). The offering will consist of a fresh issue of shares of up to Rs 7,000 crore and an offer-for-sale of as much as Rs 1,430 crore.
The interim Budget proposals that will be presented on February 1 in the backdrop of the general elections scheduled in April/May 2024 are likely to have a hint of populism, believe analysts, but are unlikely to derail the government from its path of fiscal prudence.
India's two largest bourses, the National Stock Exchange and the Bombay Stock Exchange, said on Monday that they are on course to shift to a T+2 rolling settlement cycle from Tuesday
Oil and gas exploration major Cairn India Ltd on Tuesday got listed at Rs 140 on the Bombay Stock Exchange with a discount of 12.5 per cent over its issue price of Rs 160.
The frequent flash crashes - sharp falls in stocks or indices within minutes - have the Securities and Exchange Board of India (Sebi) worried.
Capital goods, realty and power stocks led from the front while losses in oil & gas heavyweights offset the gains.
Patni Computer Systems Ltd, which was listed on the stock exchanges recently, has posted a net profit of Rs 166.05 crore for the year ended December 2003.
ITC, Sun Pharma, Maruti, M&M, Tata Motors, HCL Tech, Wipro, Infosys, HUL, Bharti Airtel and Reliance were among the major losers. Kotak Bank rose the most by 1.59 per cent, followed by IndusInd Bank, Bajaj Finance and Bajaj Finserv. L&T, SBI, TCS and HDFC Bank also closed higher.
It is pouring heavily not only in North India, but at Dalal Street too. However, the latter is seeing a flurry of initial public offers (IPOs). After a busy fortnight that ended on July 7 with seven IPOs - IdeaForge Technology, Cyient DLM, PKH Ventures, Pentagon Rubber, Global Pet Industries, Tridhya Tech, and Synoptics Technologies -- four more IPOs will hit the Street this week, including one mainboard IPO of Utkarsh Small Finance Bank. That apart, India's largest securities' depository National Securities Depository Limited (NSDL) has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an IPO.
The world's fastest growing CNG firm Indraprastha Gas Ltd's shares soared 130 per cent on their trading debut at the Bombay Stock Exchange on Friday.