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Electronics Mart IPO subscribed 7.57 times on Day 2
Electronics Mart India IPO, which kicked off for subscription on Tuesday, October 4, can be subscribed till Friday, October 7. The company is selling its shares in the range of Rs 56-59 apiece to raise Rs 500 crore via its initial stake sale.
Investors need to wait for a stable profit trend before investing in Tracxn Technologies
The companyâ€™s customer base includes venture capital and private equity investors, investment banks, corporates, government agencies, universities, accelerators and incubators. The customer base increased to 1,139 as of June 30, 2022 from 642 as of March 31, 2020.
IPO-bound Oyo valuation dips in pvt market after reported markdown by investor SoftBank
Oyo said its total number of 'storefronts' was down at 1,68,012 in the quarter ended June 30, 2022 from 1,68,639 as on March 31, 2022 due to a decrease in the number of hotels to 12,668, sequentially down from 17,994 in the fiscal ended March 31, 2022.
71 IPOs worth more than Rs 1 lakh crore are waiting to hit Dalal Street
The largest IPO during this period, also the largest Indian IPO ever, was from LIC for Rs 20,557 crore. This was followed by Delhivery (Rs 5,235 crore) and Rainbow Children's (Rs 1,581 crore). Only 1 of the 14 IPOs (Delhivery) was from a new age technology company (NATC), pointing toward the slowdown in IPOs from this sector. The average deal size was a high Rs 2,533 crore.
Tracxn Tech IPO Priced at â‚¹75-80 per Share, to Open on Oct 10
Investors can bid for a minimum of 185 shares and in multiples of 185 shares thereafter. The issue is an offer for sale of up to 3.87 shares by the company's promoters and existing shareholders.
Electronics Mart India IPO subscribed 1.69x on Day 1
Brokerages remain positive on the issue amid reasonable valuations, growth prospects and dominance in the markets. However, a few have raised concerns over dependence on major brands and online competition.
Electronics Mart India IPO kicks off: Should you subscribe?
On Monday, Electronics Mart India allotted 2,54,23,728 equity shares to 20 anchor investors for Rs 59 apiece, aggregating to about Rs 150 crore, the company said.
Tracxn Technologies IPO to open on Oct 10; price band fixed at Rs 75-80
The company's extensive global database and customized solutions and features allow its customers to source and track companies across sectors and geographies to address their requirements.
Swastik Pipe IPO oversubscribed 1.33 times
The companyâ€™s key customers include BHEL, Coal India, DMRC, EIL, Hindustan Zinc, L&T, NALCO, NTPC, ABB etc. Further, the company caters to marquee customers globally, ranging from the US, UK, UAE, Australia, Qatar, Germany, Belgium, Mauritius, Ethiopia and Kuwait.
Consider Electronics Mart to tap into growing consumerism
The IPO is valued at 21.8 times FY22 earnings and less than one times sales. There are no comparable listed peers. Retailers in other consumer segments trade above 50 times annual earnings.
Deltatech Gaming, Pristine Logistics get Sebi's go-ahead to float IPO
Pristine provides logistics infrastructure and services, pivoted around rail transportation networks. It also offers synergetic logistics infrastructure and services across the spectrum, including non-container, container, rail transportation and road transportation services.
IKIO Lighting files DRHP with Sebi to launch its IPO
The company, in consultation with merchant bankers of the issue, may consider a preferential issue or any other method aggregating up to Rs 50 crore. If such placement is completed, the fresh issue size will be reduced.
Electronics Mart commands 55% premium in grey market ahead of IPO; should you subscribe?
Abhay Doshi, co-founder of UnlistedArena said there are multiple factors which are supporting the prices amid muted sentiments in the secondary markets. "Low pricing, small issue size, decent fundamentals and upbeat listing of recent IPOs have boosted morale in the primary markets, which has translated into the grey market premium," he added.
87 SMEs raise Rs 1,460 crore via IPOs in Jan-Sept
Further, the remaining part of the year 2022 can see more mature companies accessing the platform. Moreover, tech-based and larger broking players can play a major role in developing the SME platform, Uday Nair, Director at Fedex Securities, said, adding, "overall the year is good for SME companies looking to raise capital from the exchange".
Sebi tightens IPO disclosure rules, OKs pre-filing of offer documents
The regulator's board also approved a proposal on the introduction of a new option for the appointment and removal of independent directors and bringing buying and selling by mutual funds under insider trading rules. ET had reported September 29 that the Sebi board would be approving these measures.
Cos planning for IPOs allowed to submit pre-fill offer document: Sebi
â€œPre-filing of an offer document is a well-established procedure in several international jurisdictions. It is a move in the right direction by the regulator aimed at preserving the confidentiality of nuanced business and financial information from competitors,â€ said Arka Mookerjee, partner at JSA, a leading national law firm.
Sebi tightens disclosure norms for IPOs
The Securities and Exchange Board of India said after a meeting of its board that companies would have to disclose key performance indicators, details of pricing of shares based on past transactions and past fund raising from its investors.
Sterlite Power defers IPO, says market conditions unfavourable
â€œGiven the volatility in the current markets and the limited window available under the currently filed DRHP, Sterlite Power has decided to withdraw the DRHP. However, it remains observant of the market and will consider re-filing DRHP in the future," said Pratik Agarwal, managing director, Sterlite Power.
Insolation Energy IPO subscribed 183 times
Manish Gupta, chairman of Insolation Energy, said â€œthe company is overwhelmed by the confidence of the investors shown on us. We are committed to perform and try to match the expectation of our investors. The company will be among top 10 Solar brands in India both in terms of capacity and sales in next two years.â€
Sterlite Power postpones IPO plans on current market volatility
Pratik Agarwal, Managing Director of Sterlite Power, said that given the volatility in the current markets and the limited window available under the currently filed DRHP, it has been decided to withdraw the DRHP.
Kanpur-based Lohia Corp files DRHP for IPO
The company will reserve 50 per cent of the net issue for the qualified institutional buyers (QIBs), whereas non-institutional bidders will get 15 per cent shares. The remaining 35 per cent shares will be allocated to the retail bidders.
Electronics Mart India IPO: All you need to know about the issue
Incorporated in 1980, Electronics Mart India is the fourth largest consumer durable and electronics retailer in India. It operates and manages 112 stores with a retail business area of 1.12 million square feet, located across 36 cities, predominantly in Andhra Pradesh, Telangana and NCR.
Airox Technologies files DRHP with Sebi for Rs 750-crore IPO
â€‹According to the DRHP, the company intends to raise Rs 750 crore through its primary offering, which entirely consists of an offer-for-sale (OFS) by its promoters and existing shareholders.
Silicon Rental Solutions SME IPO: Price band and other details
SRSL is engaged in providing end to end IT equipment on a rental and returnable basis in India and it serves over 275 customers, across different business sectors, located at over 16 states and three union territories of India, the company said in a press release.
Enviro Infra Engineers, Udayshivakumar Infra file IPO papers with Sebi
The IPO of Enviro Infra Engineers consists of sale of 95 lakh equity shares with no Offer-For-Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP). Going by the draft papers, Udayshivakumar Infra's IPO consists of fresh issue of equity shares aggregating to Rs 60 crore.
Porsche ignites blockbuster IPO, defying market turmoil
Even as markets worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car has pushed ahead with the bold flotation that gives Porsche a valuation of more than 76 billion euros.
IPO Tracker: Average listing gain moderates in first half of FY23 to 12%
In comparison to 2021-22, the response of retail investors also moderated, the database showed. The average number of applications from retail dropped to 7.57 lakh, in comparison to 15.56 lakh in 2021-22. The highest number of applications from retail was received by LIC (32.76 lakh) followed by Harsha Engineers (23.86 lakh) and Campus Activewear (17.27 lakh).
Porsche to debut amid market tumult in historic IPO
Porsche was and is the pearl in the Volkswagen Group," Chris-Oliver Schickentanz, chief investment officer at fund manager Capitell, said. "The IPO has now made it very, very transparent what value the market brings to Porsche. That, of course, also has a positive effect on Volkswagen shareholders.
Sebi set to allow confidential pre-filing of IPO documents
The regulator's board, which will meet on September 30, will also clear a proposal to bring buying and selling by mutual funds under insider trading rules; they are currently excluded. The move comes in the wake of the Franklin Templeton episode in which some executives were accused of insider trading.
Cargosol Logistics SME IPO opens. All details here
According to the draft prospectus, the proceeds of the issue shall be to purchase vehicles for a commercial purpose; purchase containers for expansion of the non-vessel owning common carrier division; meet working capital requirements; general corporate purpose and meet issue-related expenses.
Electronics Mart India IPO to open on Oct 4; sets price band at Rs 56-59/share
Electronics Mart India Ltd (EMIL) was founded by Pavan Kumar Bajaj and Karan Bajaj as a proprietary concern with a consumer durables and electronics store under the name of Bajaj Electronics.The company had 112 stores across 36 cities as of August this year.
Electronics Mart India IPO to kick off on Oct 4; price band fixed
Electronics Mart India is the fourth largest consumer durable and electronics retailer in India. Its offerings include more than 6,000 SKUs (stock keeping units) across product categories from over 70 consumer durable and electronic brands.
Govt-owned WAPCOS files draft papers for public issue
The company engaged in engineering consultancy services and construction has ongoing projects in 30 countries. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and VA Tech Wabag.
Strong debut by Harsha Engineers, up 36% over IPO
Harsha Engineers International made a strong debut on Monday in a weak market, with its shares listing at â‚¹450 on the NSE, a premium of 36% over its issue price of â‚¹330.
Swastik Pipe SME IPO to open on Sept 29, price band fixed at Rs 97-100
Swastik Pipes is promoted by Sandeep Bansal, Anupama Bansal, Shashwat Bansal and Geeta Devi Aggarwal. The company has been a leading manufacturer and exporter of T.T. Swastik Band high-quality mild steel/carbon steel ERW black and galvanized pipes/tubes since 1973.
WAPCOS files DRHP with Sebi for IPO; govt to sell 3.25 crore shares
WAPCOS has ongoing projects in 30 countries and has been associated with over 455 overseas projects, both completed and ongoing. It was placed third among the top five Indian corporations for consulting services between 2017 and 2021. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and Va Tech Wabag.
After losing one-third of its GMP, will Harsha Engineers surprise investors on listing?
Shares of Harsha Engineers are losing steam in the grey market as sentiments turn sour in the secondary market. Over the issue price of Rs 330, the company's shares are being exchanged at a premium of Rs 160-165, which was Rs 240 at its peak.
Harsha Engineers IPO: Harsha Engineers Grey market premium hints at 50% gain
The Rs 755-crore Harsha Engineers IPO comprises the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via offer for sale (OFS). The price band for the share sale has been fixed at Rs 314-330 apiece.
SoftBank slashes IPO-bound Oyoâ€™s valuation to $2.7 billion
â€‹Oyo, formally known as Oravel Stays Ltd., filed a fresh round of financial documents with Indiaâ€™s market regulator on Monday as it plans for a stock-market debut after cost cuts and recovery in travel helped it reduce losses.
Automotive component firm Divgi Torqtransfer Systems files IPO papers with Sebi
Divgi is an automotive component entity which has the capability to develop and provide system level transfer case, torque coupler, and Dual Clutch Automatic Transmission (DCT) solutions. It has three manufacturing and assembling facilities located across India.
Pepperfry looks to file draft IPO papers next quarter
Omnichannel furniture seller Pepperfry is looking to file its draft initial public offering (IPO) papers with the Securities and Exchange Board of India (Sebi) between October and December, and aims to list on the stock exchanges next year, according to a person aware of the matter."They are looking to file the draft red herring prospectus (DRHP) in the subsequent quarter," the source said, adding that the company would take a final call by November.
Bank of America expects Indian IPO market to pick up within six months
â€œI think IPOs have taken a breather but it will be probably three to six months away from coming back,â€ Debasish Purohit, co-head of India investment banking at Bank of America, said in a Bloomberg Television interview on Wednesday. Some of last yearâ€™s IPO activity has more recently given way to sales of secondary shares, which are quicker and give holders a chance to monetize their stakes, Purohit said.
Wall Streetâ€™s mysterious 2,200% IPOs come from tiny N.J. broker
The trend is eerily familiar to market participants in Hong Kong, which was a hotbed for mysterious moves in tiny stocks before a regulatory crackdown brought new offerings to a virtual halt. As small Chinese companies that might otherwise have listed in Hong Kong turn to the US as an alternative, Network 1 has emerged as one of the most active players in this growing corner of the market.
Harsha Engineers IPO Allotment: Here's how to check allotment status & GMP
The Rs 755-crore Harsha Engineers IPO consists of the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via an offer for sale (OFS).
Inox Green Energy gets Sebi approval to float Rs 740-crore IPO
The company filed draft IPO papers with the capital market watchdog on June 20 this year, after which its received the update an observation letter from the regulator on September 13. Sebiâ€™s observation letter is suggestive of the regulatorâ€™s go ahead for the public issue.
Sebi keeps GoDigit IPO in abeyance
According to the draft documents, the company's customer base increased to 25.77 million in FY22 from 14.27 million in the year ago period. The group sold close to 7.76 million policies in FY22, compared to 5.55 million policies in FY21.
Sebi puts Fairfax Group-backed Go Digit's IPO in 'abeyance'
In August, the Fairfax Group-backed company filed draft documents for its IPO, looking to raise Rs 1,250 crore from a fresh issue of shares and an offer for sale (OFS) of 109.4 million equity shares.
SoftBank-backed Oyo seeks to resurrect IPO after growth resumes
Oyo and founder Ritesh Agarwal are trying to pull off a successful IPO after a series of setbacks in their efforts to change the hotel and lodging industry. SoftBank Group Corp. founder Masayoshi Son was an early and enthusiastic backer, and the Japanese conglomerate holds about 47% in the Gurgaon-based startup. The 28-year-old Agarwal owns about one third.
Inox Green Energy plans to launch Rs 740-cr IPO in next 30-45 days: CEO Kailash Tarachandani
This is Inox Green Energy Services' second attempt to go public. In February, the company had filed the Draft Red Herring Prospectus (DRHP) for its proposed IPO with the markets regulator Sebi.
As US IPO market sinks, listings head to China
Stock listings in Asia have raised $104 billion this year, accounting for a record 68% of global volume, data compiled by Bloomberg show. By contrast, US IPOs represent just 14% of the $153 billion fetched globally, the lowest ever for what has traditionally been the busiest listings market in the world.
Big Movers on D-St: What should investors do with JSW Energy, APL Apollo and IDFC First Bank?
A close below Rs 1,100 could take the stock towards Rs 1,050-1,035. On the flip side, as long as it is trading above Rs 1,100, the uptrend texture is intact. Above the same, it could move up to Rs 1,200-1,225 levels.
Tesla shares take hit on risk that Musk must sell to buy Twitter
Tesla shares are down 1.8% in the two days since Musk proposed proceeding with the deal, lagging the S&P 500 Indexâ€™s 1.8% advance over that time. The stock has lost 34% since Musk first disclosed a stake in the social-media giant on April 4.
Sell Asian Paints, target price Rs 3230: Kotak Securities
Asian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 319312.15 Crore) operating in Building Materials sector.
Asian stocks retreat on global recession angst; dollar firm
Investors will now be looking to Friday's non-farm payrolls report for some clarity as to whether a steady diet of rate hikes has begun to take a bite out of hiring and wage inflation.
Buy Jindal Steel & Power, target price Rs 467: Kotak Securities
Jindal Steel & Power Ltd. key Products/Revenue Segments include Iron & Steel Items, Power, Other Sales, Other Operating Revenue, Export Incentives, Scrap for the year ending 31-Mar-2021.
Stocks in the news: HDFC Bank, NTPC, Titan, HCL Tech, Nykaa and Yes Bank
IT major HCL Technologies has expanded strategic partnership with Google Cloud to accelerate digital services for enterprises. HCL Tech will train up to 18,000 technology and consulting professionals on Google Cloud.
Buy Maruti Suzuki India, target price Rs 8960: Kotak Securities
Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 262900.28 Crore) operating in Auto sector.
Gold steady ahead of U.S. jobs data, but heads for best week since March
â€‹â€‹â€‹â€‹The German government expects Europe's largest economy to slide into recession next year as an energy crisis, rising prices and supply bottlenecks take their toll, two sources told Reuters on Thursday, citing provisional figures. The Perth Mint's sales of gold products in September rose 4.2% month-on-month, while silver sales jumped to their highest in seven years, the refiner said in a blog post.
Buy Bharat Petroleum Corporation, target price Rs 322: Kotak Securities
Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 67713.22 Crore) operating in Gas & Petroleum sector.
Dollar ascendant as focus turns to jobs data
That certainly reasserted the argument that not only does the Fed remain very much committed to keeping its foot on the tightening pedal, whilst at the same time, you look at economic data, and still the U.S. looks in a much stronger place than others.
Stock Market Live Updates: SGX Nifty signals a negative start; Asian stocks trade lower
Oil prices extend gains after OPEC+ output cut plan
Goldman Sachs has raised its oil price forecast for this year and 2023, as the U.S. bank expects OPEC+'s output cut to be "very bullish" for prices going forward. It raised its 2022 Brent price forecast to $104 per barrel from $99 per barrel and 2023 forecast to $110 per barrel from $108 per barrel.
Wall Street closes lower as the Fed pounds rate hike drum
The labor market remains tight even as demand begins to cool amid higher rates. On Friday the nonfarm payrolls report on employment in September will help investors gauge whether the Fed alters its aggressive rate-hiking plans.
Sensex surges over 500 points but gives up gains on profit-booking
However, profit booking in select banking and teck stocks in the closing session trimmed the gains. The broader NSE Nifty advanced 57.50 points or 0.33% to end at 17,331.80 as 27 of its shares ended in the green. Among Sensex shares, Tata Steel, Larsen & Toubro, ICICI Bank, HCL Technologies, Infosys and Axis Bank were among the winners.
Stock Radar: Buy this mid-cap IT stock for a target of Rs 2,580
OMC losses likely to widen on lower margins, frozen prices
Domestic retail prices have remained frozen for about six months while the international fuel rates have been on a rollercoaster. This resulted in a loss of â‚¹18,500 crore in the first quarter of the current fiscal year and is expected to widen in the second quarter.
India better placed than others, still on course for 7% growth, says CEA
India's fiscal policy was not overly expansionary during the pandemic. Monetary policy did not expand the balance sheet as much as in other countries, nor was there a leverage build-up.
'HDFC Bank's costs on tech infrastructure are plateauing'
The lender said that on the merchant app which has been in a beta launch since September last year, the merchants have grown from 300,000 to 1 million in October 2022. While the transaction volumes have risen from 2.92 billion to 60 billion during the same period.
New CSR disclosure rules let companies omit key details
The details omitted include the name, the location and duration of the companyâ€™s CSR project, the amount allocated for the project, the amount spent in the current financial year on the project, mode of implementation, the name of the implementing agency along with their CSR registration number and amount transferred to the unspent CSR account.
OPEC+ output cut may be smaller in effect; no impact seen on pump prices
"The supply cut decision appears more like a signal by the OPEC+ that they are in control, or they want to stay in control of the market," said MK Surana, CEO of Ratnagiri Refinery & Petrochemicals and former chairman of HPCL
Media stocks: Why this brokerage prefers Sun TV over Zee?
On Zee, the brokerage has given a buy call for a target price of Rs 370, which signals a 32% potential upside. For Sun TV also the brokerage has given a buy call with a target of Rs 760, over 44% upside potential.
Morgan Stanley downgrades India to â€˜underweightâ€™, turns overweight on Taiwan, S Korea
The recent sharp correction in some of the major emerging markets has turned the risk-reward favourable, prompting Morgan Stanley to turn positive on emerging market equities in Asia.
RBI launches DAKSH application to advance supervisory process
"DAKSH is a web-based end-to-end workflow application through which RBI shall monitor compliance requirements in a more focused manner with the objective of further improving the compliance culture in Supervised Entities (SEs) like Banks, NBFCs, etc," PTI quoted it as saying.
Ahead of Market: 10 things that will decide D-St action on Friday
Momentum indicator Moving Average Convergence Divergence (MACD) showed a bullish trade setup on the counters of Zomato, IDFC First Bank, HCC, SAIL and Indiabulls Housing.
Losing Sheen: India's gold imports drop 30% in September despite festive season
Quess Corp sells entire stake in Simpliance to Aparajitha
In line with the corporate structure simplification process and rationalisation of business lines, we have divested our stake in Simpliance Technologies."We are also happy that Simpliance has found a permanent home at Aparajitha Corporate Services," Quess Corp Executive Director and Group CEO Guruprasad Srinivasan said.
US-based GIP in talks with Apollo Global to buy Adani bonds
Earlier this year, Mumbai International Airport (MIAL), run by Adani Airport Holdings (AAHL), raised about $750 million in debt from US-based Apollo Global Management. The money was raised via bonds privately placed in the US, known as USPP Debt. The debt papers, of seven-plus-year maturities, carry a coupon of about 6.5%, said a market source.
Titan sees 18% sales growth in September quarter; adds 105 new stores
About the outlook for the festive season, the company said it continues to be "optimistic and is visible in positive consumer sentiment" across categories.
Sebi clarifies on guidelines pertaining to instruction slips for share pledging
"In view of the representations by and consultations with broker associations and depositories, it has been decided to widen the scope of DDPI to include mutual fund transactions being executed on stock exchange order entry platforms and tendering shares in open offers through stock exchange platforms," Sebi said.
FMCG sales remained subdued in Q2; cos expect recovery in coming months
"With the moderation in inflationary pressures due to correction in commodity prices, and the monsoon largely being on track (apart for a few states), we expect consumption to improve in the second half of the year," GCPL said in its quarterly updates.
Market Trading Guide: Tata Motors among 7 stock recommendations for Friday
These 4 stocks touch their new 52-week high on Thursday
HFCL, Qualcomm partner for 5G outdoor small cell product development
Small cell deployments help to enhance coverage in places where existing macro cells have coverage holes or blackspots, or where coverage does not exist at all. In addition, small cells provide capacity enhancements by offloading traffic from macro cells in densely occupied locations.
How to use Bitcoin to diversify your wealth during Diwali
This can be seen in two ways: one, Diwali season has slowly become the de facto shopping fiesta for the country with incredible deals across online and offline platforms leading to crazy levels of shopping and two, we can see a fascinating array of religious activities that are geared towards building wealth creation.
Defence is a multiyear theme! These 3 private sector companies are a good buy: Sandip Sabharwal
â€œHistorically, we have seen that in PSUs, there will be growth, but there will be hiccups in between, and margins will not improve. I think whoever is playing a margin improvement story in PSU defence companies, you have to assume that margins might compress,â€ he said.
ET Money Show: How should one go about investing in right investments?
Wall Street drops on inflation, rate hike worries
At 10:24 a.m. ET, the Dow Jones Industrial Average was down 210.92 points, or 0.70%, at 30,062.95, the S&P 500 was down 27.30 points, or 0.72%, at 3,755.98, and the Nasdaq Composite was down 74.81 points, or 0.67%, at 11,073.83.
Global factors-led systematic risks turning domestic growth cycle stocks favourable: ICICI Securities
The recent manufacturing PMI trajectory for India indicates a robust demand environment, while input cost pressures have started easing with the meltdown in commodity prices.The manufacturing sectorâ€™s share in the Indian economy has reached the pre-Covid level of 18% of gross value added in 2021-22 (April-March), and ICICI Securities believes it is poised to hit an all-time high in the medium term.
How will banks help beat Sensex & Nifty? Here's what Dipan Mehta has to say
â€œThe best days of FMCGs are behind them. FMCG stocks are going to be challenged because most of the categories have reached maturity. The recoveries expected to come from rural spending are no longer there. We are not that positive on FMCG companies per se.â€
Sebi rules putting upward pressure on brokerage rates: Zerodha CEO Nithin Kamath
Although the AS regulations are unique to India, it makes it tougher for brokers to misuse client capital in any way. In most countries, brokers, like banks, can hold unused funds forever and also use them for working capital requirements, Kamath said, adding that client funds in India can only be used for that customer's trades after all the regulatory changes.
NHIT files draft prospectus to raise Rs 1,500 crore via NCD
"National Highways Infrastructure Trust, a registered infrastructure investment trust under the InvIT Regulations, sponsored by NHAI (an autonomous authority of the GoI) has filed its draft prospectus for a public issue of secured, rated, listed, redeemable, non-convertible debentures," it said in a statement.
Market Watch: Nifty remains resilient despite surging oil prices
Sebi orders Brickwork Ratings to shut down within 6 months
In a rare order, the SEBI cancelled the certificate of registration of Brickwork Ratings and prevented it from taking on any new business, saying there have been repeated lapses in the functioning of the rating agency.
How to trade Nifty & Nifty Bank in new weekly series
Niftyâ€™s coming week expiry option chain reflects on PE writers actively adding their positions all the way till 15,000 strikes - overall more than 30 thousand contracts each, with CE writers standing tall at 17,400/17,500 zones, with over 60 thousand contracts each.
Tech View: Nifty fails to close above 50-DMA. What investors should do on Friday
Now, the index has to hold above 17,300 for an up move towards 17,442 and 17,500 zones, whereas support can be seen at 17,167 and 17,071 zones. Options data suggests a broader trading range in between 16,800 to 17,700 zones, while an immediate trading range is between 17,000 to 17,500.
Ujjivan Small Finance Bank records 44% jump in loan book
"The bank crossed the Rs 20,000 crore milestone in both advances and deposits showing robust growth," Ujjivan SFB said in a regulatory filing on Thursday.Deposits moved up by 45 per cent to Rs 20,389 crore driven by strong momentum in retail deposits which were up 71 per cent, it said.
Oil near three-week high on cuts to OPEC+ output targets
The agreement between the Organization of Petroleum Exporting Countries (OPEC) and allies including Russia, a group known collectively as OPEC+, comes ahead of a European Union embargo on Russian oil and would squeeze supplies in an already tight market, adding to inflation."We believe that the price impact of the announced measures will be significant," said Jorge Leon, senior vice-president at Rystad Energy.
â€‹How have AMCs performed in the quarter gone by? Take a look
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Stock market update: Sugar stocks up as market rises
The 30-share BSE Sensex closed up 156.63 points at 58222.1
Here's what Sahil Kapoor has to say on earnings prospects of India
"The dollar is in its extended cycle of strength and is unlikely to last for a very long time."
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