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Govt looks to cut IPO size by 40%: Agencies
Govt looking to raise Rs 30,000 crore via IPO
Sah Polymers files DRHP with Sebi for IPO
Sah Polymers has filed its draft red herring prospectus (DRHP) with the capital markets regulator Securities and Exchange Board of India (Sebi) to float its initial public offering (IPO). The IPO will consist of the issuance of 1.02 crore fresh equity shares, with a face value of Rs 10 each, the company said in the DRHP. Promoters and existing shareholders will not be offloading their stakes via IPO.
Sensex today live: Index off day’s low!
Market live updates: Nifty recovers mildly, back above 17,250
#SupremeCourt sets aside HC order, attaches assets of #63Moons Technologies SC allows appeal by #Maharashtra, NSEL… https://t.co/pxzpHPnmiR
— ET NOW (@ETNOWlive) 1650605292000
These stocks defy market mood, rally up to 14%
Price as on 22 Apr, 2022 10:46 AM, Click on company names for their live prices.
The 17380 objective was fully achieved yesterday, with Nifty showing no intention to make further advance beyond. While rejection trades remain the underlying theme, we will hunt for bounce back possibilities, as long as within the 17180-290 band, and will be patient until below 17080 to switch to downsides.
– Anand James – Chief Market Strategist at Geojit Financial Services
Adani Ports and Special Economic Zones (APSEZ) on Friday said its subsidiary Adani Harbour Services has entered into a definitive agreement to acquire leading third-party marine services provider Ocean Sparkle Ltd (OSL).
Price as on 22 Apr, 2022 10:00 AM, Click on company names for their live prices.
Sensex today live: Index recovers a bit from day’s low
This excessively volatile market without any clear direction is being influenced on a daily basis by two factors- one, external and two, internal. The external factor is the erratic movement in the mother market US where the S&P 500 and Nasdaq go up by around 2% one day and go down by around 2% the next day. The internal factor influencing the market is the see-saw tussle between FIIs and DIIs. Both these external and internal factors are erratic now and that’s why the market is volatile without any direction. Yesterday’s comment by the Fed chief that a ’50 bps rate hike is possible in May’ and that ‘control of inflation has become absolutely essential’ has pushed the 10-year bond yield above 2.9% and consequently impacted equity markets. But this impact, too, is likely to be temporary since the market has already discounted this known hawkishness of the Fed. What investors should do in this time of high uncertainty is to buy high quality stocks on steep market corrections and wait with patience.
– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Sensex today live: RIL, banks among top index drags at this hour
India should list another 100-200 companies in the futures market: Samir Arora
For the sake of retail investors, India should list another 100-200 companies in the futures market. Particularly l… https://t.co/PJ14Ucghcl
— Samir Arora (@Iamsamirarora) 1650600072000
Market live updates: BSE Smallcap index recoups opening losses, trades marginally higher
Veteran market investor Shankar Sharma recently said the next big theme in the stock market is the smallcap space. Some smallcap stocks with PE of 5-10 times have robust business models, he said, adding that India is a quality market with quality companies and that the world has always found India markets expensive.
EARNINGS IMPACT: HCL Tech rises 2%, best Sensex performer at this hour
“Overall, the financial performance was below expectation due to volatility in P&P segment. However, the IT services segment continues to deliver among industry leading growth. Deal booking remains strong. Valuation remains attractive as it trades at PE of 16x on FY24E EPS. We currently have BUY Rating on the stock,” said YES Securities.
Vodafone Idea, L&T Financial, Adani Power among most active stocks on NSE
Price as on 22 Apr, 2022 09:22 AM, Click on company names for their live prices.
India VIX surges 5%, nears 19 level
Sector watch: All indices on NSE in the red
Sensex Heatmap: Only 4 index stocks in the green in opening deals
OPENING BELL: Sensex tanks 600 points, Nifty nears 17,200; Hindalco falls 2%, HCL Tech rises 2%
Pre-open session: Sensex drops 380 points, Nifty below 17,250
SGX Nifty signals a gap-down start
Nifty futures on the Singapore Exchange traded 205.50 points, or 1.18 per cent, lower at 17,201.50, signaling that Dalal Street was headed for a gap-down start on Friday.
Tech View: It is a ‘buy on dips’ market
Nifty50 on Thursday formed a bullish candle on the daily chart and moved above its 200-day moving average. A gap-up start and a follow-up buying to a Wednesday’s reversal candle is a positive sign and more upside is in the offing. However, the index may see some resistance at the 17,450 level, while support is at 17,200, analysts said, adding that this is a ‘buy on dips’ market.
Hong Kong stocks open sharply lower
Hong Kong stocks plummeted at the open on Friday, extending a week of losses after US Federal Reserve boss Jerome Powell suggested an interest rate hike was imminent. The Hang Seng Index fell 2.03 percent, or 420.61 points, to 20,261.61. The Shanghai Composite Index lost 0.69 percent, or 21.40 points, to 3,058.40, while the Shenzhen Composite Index on China’s second exchange dropped 0.65 percent, or 12.58 points, to 1,911.23.
Tokyo stocks open lower tracking US losses
Tokyo stocks opened lower on Friday, extending losses on Wall Street following hawkish comments from the Federal Reserve about its monetary tightening plans. The benchmark Nikkei 225 index was down 1.49 percent, or 410.48 points, at 27,142.58 in early trade, while the broader Topix index was down 1.16 percent, or 22.36 points, at 1,905.64.
Powell reinforces expectations of sharp rate hike in May
In a panel discussion held by the International Monetary Fund during its spring meetings, Chair Jerome Powell suggested that “there’s something in the idea of front-loading” aggressive rate hikes as the Fed grapples with inflation that has reached a four-decade high. “So that does point in the direction of (a half-point increase) being on the table” for the Fed’s next policy meeting May 3-4, Powell said.
Wall Streets ends lower on Powell comments
Wall Street reversed course and posted losses on Thursday while oil gained as Federal Reserve Chairman Jerome Powell suggested the US central bank would move aggressively to curb inflation. The Dow Jones Industrial Average ended down 1.05%, while the S&P 500 lost 1.48% and the Nasdaq Composite dropped 2.07%.
Rupee advances for 2nd day on weak dollar, rally in equities
The rupee appreciated by 13 paise to close at 76.17 against the US dollar on Thursday amid a weak greenback overseas and a rally in domestic equities. However, surging crude prices and persistent foreign fund outflows capped the gains, forex traders said. At the interbank forex market, the rupee opened slightly higher at 76.28 against the greenback and moved in a range of 76.36 to 76.09. It finally settled at 76.17, higher by 13 paise over its previous close of 76.30.
Sensex, Nifty on Thursday
The BSE Sensex defied gravity for the second session in a row on Thursday as market majors Reliance Industries, Infosys and HDFC twins continued to attract investor attention amid a sustained uptick in world markets. The 30-share BSE benchmark zoomed 874.18 points or 1.53 per cent to finish at 57,911.68. Similarly, the broader NSE Nifty rallied 256.05 points or 1.49 per cent to 17,392.60.