Month: January 2024

By Ajit MishraIt turned out to be a volatile week for equity markets, tracking mixed earnings and muted global cues. After the subdued start, a sharp cut in the middle derailed the momentum, however resilience in the select heavyweights in the final sessions trimmed losses. Eventually, both the benchmark indices, …

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The brokerage house believes there will be increased competition from the next quarter due to new companies foraying into the paints business. The stock of Asian Paints was among the top losers in the Nifty 50. Today, shares of Asian Paints fell 6% to Rs 3,048.60. Motilal Oswal on Asian …

Continue reading “Asian Paints stock sees sharp correction after Q3 results, brokerages raise concern about paint segment margins”

Shares of Spice Jet have risen almost 13% during the last one month after the company announced plans to raise Rs 2,250 crore through the preferential issue of shares and warrants. However, after the shareholder’s approval, the company’s shares fell 6.3% from the 52-week high of Rs 69.20. During the …

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Bajaj Auto’s board has given the green light to a massive buyback Rs 4,000 crore share at a substantial price of Rs 10,000 per share, marking a 43% premium over the last closing price of January 8. The company plans to repurchase 40 lakh shares via the tender route, equivalent …

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In a recent circular, the Securities and Exchange Board of India (SEBI) has introduced new regulations pertaining to short selling by institutional and retail investors. While most market observers explained that this is more of a clarification, these measures are however seen as steps to enhance transparency and provide timely …

Continue reading “New SEBI circular on short selling more of a clarification say market veterans, add that new regulation to boost transparency”

Market regulator SEBI on Friday announced that naked short-selling not be permitted in the Indian securities market. According to the just-released SEBI circular, “all investors would be required to mandatorily honor their obligation of delivering the securities at the time of settlement.” The SEBI circular further states institutional investors are …

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Plant-based speciality products company Sanstar Ltd has filed its draft papers with capital markets regulator Sebi to raise Rs 425-500 crore through an initial public offering.The total size of the Initial Public Offering (IPO) is up to 4.80 crore equity shares, comprising a fresh issue of up to 4 crore …

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The Indian rupee was little changed on Wednesday, even as Asian currencies fell pressured by an uptick in Treasury yields as traders moderated bets on potential rate cuts in the U.S. this year. The rupee was at 83.33 as of 10:15 a.m. IST, barely changed from its close at 83.3175 …

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