NATIONAL STOCK EXCHANGE
PFC, OIL among 31 stocks to trade ex-dividend tomorrow; last chance to buy
State-owned companies PFC and OIL, among others, are in focus as they approach their record date for dividend payouts on August 30. PFC announced an interim dividend of Rs 3.25 per share, while OIL declared a dividend of Rs 2.50 per share. Various other listed companies will begin trading ex-dividend starting Friday.
BSE shares surge 5% after NSE reapplies for IPO NOC with Sebi
BSE shares surged 5% to Rs 2,834.80 after NSE resumed its much delayed public offering. Despite BSE's Q1 revenue soaring 181% YoY, net profit dropped 40%. Over the past year, BSE stock has risen 207%, with a recent 3% increase.
SGB at 15% higher price on stock exchanges: Why you must factor in the taxation while trading SGB in secondary market
Sovereign Gold Bond (SGB): The price of gold bonds have shot up on the National Stock Exchange (NSE). According to Aksha Kamboj, VP of India Bullion & Jewellers Association (IBJA), "SGBs are trading in the stock market at 7-8% premium in anticipation of fear of more SGB tranches not being announced by the Government."
How to buy Sovereign Gold Bonds (SGBs) from stock market?
Sovereign gold bonds can be brought from primary market during the window when government announces the dates or from secondary market from secondary market through the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Aeron Composite raises Rs 15.17 crore from anchor investors
Aeron Composite Ltd, an Ahmedabad-based fibreglass reinforced polymer products supplier, has raised Rs 15.17 crore from anchor investors as part of its IPO. They have allocated 12,14,000 equity shares at Rs 125 per share. The IPO, targeting Rs 56.10 crore, will close on August 30. Funds will support a new manufacturing unit in Mehsana, Gujarat.
NSE plans to refile for NOC to proceed with Rs 30,000-cr IPO
The National Stock Exchange is set to refile for an initial public offering with the Securities and Exchange Board of India after addressing regulatory issues. The IPO, expected to be India's largest, is anticipated to raise ₹30,000 crore. NSE aims to secure the no-objection certificate needed to proceed with its plans.
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NSE revives IPO plans, reapplies for Sebi’s no-objection: Report
The National Stock Exchange of India has resumed its long-pending public offering process, seeking a 'no-objection' from the Securities and Exchange Board of India. The exchange reported a 39% year-on-year rise in June quarter profit, driven by higher trading volumes and operational revenue.
Frenzy Ride! This Rs 12-crore SME IPO receives investor bids worth Rs 4,700 cr
Resourceful Automobile's IPO saw overwhelming demand, receiving bids worth ₹4,700 crore for a ₹12-crore issue. The New Delhi-based company, which runs Yamaha showrooms, aims to expand operations, repay debt, and meet working capital needs with the raised funds. The SME issue will list on the BSE SME platform on August 29.
Oil giants keep rolling in fines: IOC, BPCL & others hit for missing board norms for fifth consecutive quarter
Stock exchanges BSE and NSE have slapped fines on oil refining and fuel marketing giants Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL), explorer Oil India Ltd (OIL), gas utility GAIL (India) Ltd, and refiner Mangalore Refinery and Petrochemicals Ltd (MRPL) for not meeting the listing requirement in the April-June quarter.
ICICI Securities shares fall 5% after NCLT approves delisting from stock exchanges
ICICI Securities Share Price: ICICI Securities' shares dropped 5% to Rs 808.55 following the NCLT Mumbai's approval of its delisting application. The tribunal dismissed objections from Quantum Mutual Fund and Manu Rishi Guptha, who argued the delisting harms minority shareholders. ICICI Securities noted significant shareholder support, with over 93% approving the delisting proposal.
D-Street bull run brings windfall gains for Sebi too
Indian stock markets have seen a strong performance, resulting in increased earnings for the Securities and Exchange Board of India (Sebi). In FY24, Sebi's fee collection from market intermediaries rose 53% to ₹1,851 crore. Major contributors included higher regulatory fees from stock exchanges and increased turnover in both cash and derivatives markets.
Wall St ends higher, extending rally ahead of Jackson Hole
U.S. stocks advanced on Monday, extended by gains in the tech-heavy Nasdaq. Investors looked ahead to the Democratic National Convention and the Jackson Hole Economic Symposium. Expectations grew for a Federal Reserve rate cut in September, boosting market confidence. Nvidia and Microsoft shares contributed significantly to the positive momentum.
Number of active investors on NSE surged by 13.9% in June: NSE report
The number of active investors on the National Stock Exchange (NSE) has surged by 13.9 per cent month-on-month, reaching 1.5 crore in June. This increase marks the third consecutive month of growth in active market users.
When Anand Mahindra decided to 'support' FirstCry than 'fight it'
FirstCry, an e-commerce giant in the baby care segment, made its D-Street debut on the National Stock Exchange (NSE) on Tuesday. Mahindra Partners, which owned Baby Oye and Mom & Me, were almost rivals at the time. However, in October 2016, Mahindra joined hands with FirstCry founder Supam Maheshwari, deciding to'support' him rather than fight him.
Japan's Nikkei slides, banks rally on reports BOJ mulling rate hike
The Nikkei share average in Japan fell nearly 1%, impacted by reports that the Bank of Japan might soon raise interest rates. Banking stocks rose, anticipating improved lending margins, while other sectors like automakers and chip-makers saw declines. The market awaits the BOJ's final policy announcement for further direction.
ANMI’s Vinod Goyal on Budget moves, Sebi study on intraday trading & more
Vinod Goyal from ANMI discussed a SEBI study revealing many traders experiencing losses despite a surge in trading volumes. The study did not consider traders' educational backgrounds. Goyal clarified that intraday trading remains legal and mandatory KYC procedures ensure that all traders follow regulations, stressing it's crucial to understand the broader context of trading activities.
IL&FS Transportation gets bourses'nod to issue units of roadstar InvIT
IL&FS Transportation Networks Ltd secured approval to issue units of the Roadstar Infra Investment Trust, aiming to list by December. Road assets with an enterprise value of Rs 8,000 to Rs 8,500 crore will be part of the trust. Units will be allocated to Roadstar Infra Private Ltd and IL&FS creditors, offering returns from toll collections and annuities.
PNB shares rally 7% after reporting 159% YoY jump in Q1 profit. Should you invest?
PNB Share Price Target Buy or Sell: Punjab National Bank's shares surged 7% after announcing a 159% YoY jump in net profit for Q1 FY25, reaching Rs 3,252 crore. Net interest income rose by 10% to Rs 10,476 crore. The bank saw improvements in asset quality and a YoY deposit growth of 8.50%. Brokerages had mixed views on the stock, with some recommending a sell.
While markets boom, what's up at India's Social Stock Exchange?
India's Social Stock Exchange (SSE) saw its first listing in December 2022 with the SGBS Unnati Foundation, raising nearly Rs 2 crore. Certain social enterprises, including not-for-profit organizations (NPOs), can register on the SSE and commit to ongoing disclosures about their social impact. These NPOs may opt to raise funds through the SSE or choose not to, but they will still be required to provide regular updates on their social impact to the stock exchanges.
240% jump in unique investors on NSE in 5 years from FY2019 to FY2024: Eco Survey
Retail investors in NSE: According to Economic Survey 2023-24, "The number of unique tax IDs registered on the NSE rose from 2.7 crore in FY19 to 9.2 crore in FY24. Most of the new retail investors are likely young and may have a higher risk appetite. It is also reflected in the interest that retail investors have shown in derivatives trading, especially expiration-day trading.
HC tells social media firms to take prompt action against deepfakes of NSE's MD
The court said social media firms are mandated by the Information Technology Rules to take prompt action on the complaints of entities like NSE about unauthorised use of their trademark on dubious "web pages and/or profiles, accounts and/or advertisement and/or videos and/or contents and/or social media groups".
No major impact of Microsoft outage on Indian equity, commodity markets, say exchanges
Despite a global Microsoft Systems outage, Indian exchanges and clearing corporations operated smoothly with minimal impact. Only a few trading members experienced disruptions, which were promptly resolved. NSE and NCDEX continued trading activities, while MSE provided electronic trading services. Microsoft later fixed the underlying cause for Microsoft 365 Apps services.
Over 1,000 stocks won’t be accepted as collateral from Aug 1; Adani Power, Yes Bank on the list
National Stock Exchange updates collateral criteria, leading to exclusion of stocks like Adani Power and Yes Bank. Over 1,000 securities affected. Changes in effect from August 1. Investors advised to review their portfolios.
Aditya Birla Capital’s legal head Amber Gupta joins stock-exchange NSE as head of legal
NSE India has appointed Amber Gupta as senior vice president and head of legal. Gupta, a University of Lucknow alumnus, previously worked with several firms. He is known for being pragmatic, detail-oriented, and a good team player. In April, Yukti Sharma joined Kinara Capital as vice president, while Angel One Ltd appointed Meenal Maheshwari Shah as general counsel in February.
WestBridge Capital sells 1.7% stake in AU Small Fin Bank for Rs 845 crore
WestBridge Capital divested a 1.7% stake in AU Small Finance Bank for Rs 845 crore through an open market transaction, impacting its shareholding in the bank significantly. Goldman Sachs Investments Mauritius I acquired a substantial number of shares in the same bank.
Sensex surges 2,400 pts, Nifty tops 22,600 after posting worst day in four years as poll verdict anxiety eases
Nifty50 and Sensex rebounded after worst day in 4 years following narrow win for PM Modi's alliance, raising policy continuity concerns.
Indian stocks tend to reward investors post polls, history shows
Indian stocks turn volatile ahead of election results, but historical data shows little impact on long-term investors. S&P BSE Sensex Index has gained post-elections with a median return of over 11% in the last five elections.
Exchanges warn investors of fake trading apps, impostors
Bourses in Mumbai issue warning about social media scams using established brokers' names for high returns.
War of small ticks: NSE to launch 1 paisa spread for stocks below Rs 250
Tick size is the minimum price difference that must exist at all times between consecutive bid and offer prices. For example, if a stock has a tick size of ₹0.05 and the last traded price (LTP) was ₹100, then the next five best bid prices for the stock would be ₹99.95, ₹99.90, ₹99.85, ₹99.80, and ₹99.75. In this instance, the bid price cannot be ₹99.87, as it does not meet the tick size requirement of ₹0.05.
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