BOURSES
Bandhan Bank shows strong growth in deposits and Advances for June
Bandhan Bank reported significant growth with loans & advances reaching Rs 1,25,619 crore in June 2024, a 21.8 per cent year-on-year increase from June 2023's Rs 1,03,169 crore. Total deposits grew 22.8 per cent to Rs 1,33,203 crore, up from Rs 1,08,480 crore in June 2023. CASA deposits climbed by 13.8 per cent to Rs 44,453 crore while bulk deposits increased 31.6 per cent to Rs 41,099 crore. The retail to total deposits ratio fell from 71.2 per cent in June 2023 to 69.1 per cent in June 2024, and the CASA Ratio decreased from 36.0 per cent to 33.4 per cent.
US stocks back at records while European bourses retreat
Wall Street equity indices advanced to fresh records Tuesday as markets embraced commentary from Federal Reserve Chair Jerome Powell, while European bourses retreated on unease about upcoming French elections. But bourses in Paris and Frankfurt both retreated amid concerns about the potential economic fallout should the far right win power in France in weekend elections.
Vraj Iron and Steel GMP: Will there be a listing pop at the bourses tomorrow?
Vraj Iron and Steel's shares trade at a 67 rupee premium in the unlisted market, suggesting a potential 32% listing gain. However, grey market premiums are volatile and may not be accurate. The strong IPO subscription of 126.36 times reflects investor confidence in the company's prospects.
Sebi issues guidelines for stock bourses, market infra institutions
Functional committees are the member committee, nomination and remuneration committee, oversight committees, standing committee on technology regulatory oversight committee, and risk management committee and investment committee.
DEE Development Engineers GMP: Will there be a listing pop at the bourses tomorrow?
DEE Development Engineers, specializing in process piping solutions, is set to list with a 47% premium. The IPO saw strong demand, especially from QIB investors.
Ixigo shares jump 20% after a robust debut at the bourses. Should you hold or book profits?
The impressive listing performance of Le Travenues Technology indicates the overwhelming investor response during the IPO, which saw a subscription rate of 98 times. Net proceeds from the offer are supposed to be utilised for funding working capital requirements, investments in tech, funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes.
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First Bitcoin ETF to list on Australia’s bourse in global wave
Exchange operator ASX Ltd., which handles the bulk of the country’s stock trading, has approved the VanEck Bitcoin ETF which will be listed on Thursday, VanEck said in a press release on Saturday.
Jaypee Infratech appoints Devang Pravin Patel as CFO; to delist company shares from bourses
Suraksha Group takes control of Jaypee Infratech Ltd, appoints Devang Pravin Patel as CFO, and plans to delist shares from stock exchanges.
Kronox Lab Sciences shares list at 21% premium over issue price
Kronox Lab Sciences boasts a strong position in the specialty fine chemicals sector. Their diverse product portfolio caters to various industries, creating long-term growth potential. High entry and exit barriers due to stringent manufacturing processes offer them a competitive edge.
Kronox Labs IPO GMP: Will there be a healthy listing at the bourses tomorrow?
Before its debut on the exchanges scheduled for Monday, Kronox Labs' shares are enjoying a premium of Rs 40 in the unlisted market.
Sebi issues financial disincentives guidelines for bourses, other MIIs for surveillance lapses
Sebi on Thursday came out with a framework on "financial disincentives" for stock exchanges and other market infrastructure institutions for their lapses in detecting abnormal or suspicious trading activities to safeguard the interest of retail investors.
Election uncertainty weighs on Awfis Space Solutions' debut: Should you hold or exit?
Awfis Space Solutions, a prominent participant in India's flexible workspace sector, experienced a respectable listing on Thursday, albeit slightly below expectations. The company's shares debuted at Rs 435, marking a gain of over 13% compared to the issue price of Rs 383.
Awfis Space Solutions shares list at 14% premium over issue price
Awfis Space Solutions Share Price: Awfis Space Solutions lists at 14% premium over issue price with strong investor interest and expansion plans. Financial challenges persist despite revenue growth. Book running lead managers include ICICI Securities, Axis Capital, IIFL Securities, and Emkay Global Financial Services.
Awfis Space Solutions GMP: Will there be a decent listing at the bourses today?
Awfis Space Solutions shares are currently trading in the unlisted market at a premium of Rs 125, representing a 27% increase over their issue price. The IPO garnered significant interest, with a subscription rate exceeding 100 times at closing.
Go Digit to debut at the bourses today; here's what GMP signals ahead of listing
The Go Digit IPO garnered a robust reception, with the company's shares commanding a premium of Rs 25 in the unlisted market. Demand for the issue surged nearly 10 times by the close, fueled by strong interest from both retail and institutional investors.
US, European buyers begin asking for source of Indian diamond exports
Indian diamond exporters struggle with rising demands for source declarations from US and Europe, impacting market and exports. Geopolitical tensions add complexity, urging government intervention for resolution and overcoming payment delays from US banks.
Bharti Hexacom GMP: Will there be a listing pop at the bourses tomorrow?
However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.
Why make democracy bad for the bourses?
There doesn’t seem to be any logic in keeping markets shut on a voting day
Bourses give 'prior nod' for change in Reliance Securities' ownership
The brokerage had sought approvals from the bourses for transferring shares owned by existing promoter Reliance Capital to Aasia Enterprises LLP - a Hinduja Group entity. The approvals come in the wake of a successful bid for Reliance Capital by Hinduja group entity IndusInd International Holdings (IIHL), a promoter entity of IndusInd Bank.
Crypto bourses block fishy coin withdrawals
The power to freely withdraw coins from investors' registered wallets with exchanges can be misused in different ways.
RBI governor on fintechs; Google, Indian apps in temporary truce
The banking regulator's recent actions are not directed against any fintech but against a regulated entity, the Governor underlined in a reference to the Paytm case that has caused major ripples in India's fintech industry.
BSE stock best performer among global bourses
BSE shares, which are listed on the National Stock Exchange, closed at ₹2352.45 on Saturday. The stock hit an all-time high of ₹2,598.95 on February 5. BSE shares' 430% gains in the past year far exceeds the 35% upmove in US-based Intercontinental Exchange (ICE), the second-best performer in the pack
Rules amended to push sale of surplus power on bourses
Amendments have also been made to align the rules with statutory provisions related to accessing the national power grid. The rules lay that if outstanding dues are paid, the regulation of access will end and need to be restored within a day after the payment.
Hinduja Group plans to delist Reliance Capital from bourses, extinguish existing shares
“The liquidation value of the equity shareholder of RCL (Reliance Capital) is Nil and hence, equity shareholders will not be entitled to receive any payment and no offer will be made to any shareholder of RCL,” according to an exchange filing.
Rashi Peripherals sees a positive listing on the bourses. Should you hold or exit?
Despite a premium listing, the muted opening was due to the highly competitive market environment in which the company is operating and also the current market sentiments.
Nova Agritech makes a solid debut at the bourses. Should you hold or exit?
Nova Agritech, an agri-input manufacturer, witnessed a solid listing for its IPO. The company's strong market position, diverse product portfolio, and effective marketing strategy contributed to its growth potential. Nova Agritech's consistent financial performance, impressive return on equity (ROE) of 32.1%, and robust PAT margins at 9.7% in FY23 further bolstered investor sentiment. The proceeds from the IPO will be used for investment in its subsidiary, funding capex, working capital requirements, and investment in Nova Agri Sciences.
NSE & BSE to have normal trading today, but Monday to be a holiday
Earlier, the bourses were scheduled to hold special trading sessions in the equity and equity derivative segment on January 20 (Saturday) to check their preparedness to handle major disruption or failure at the primary site.
Philippines stock exchange halts trading
The benchmark stock exchange index opened 0.22% lower on Wednesday. But trades were halted after just four minutes.
Retail trading boom doubles derivatives turnover at India bourse
The notional turnover of futures and options on the National Stock Exchange of India Ltd. — the world’s largest derivatives bourse by the number of contracts traded — has more than doubled in the last one year.
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