Supply of papers should be increased- Raamdeo Agrawal, chairman, Motilal Oswal Financial Services
Raamdeo Agrawal, chairman, Motilal Oswal Financial Services is extremely bullish on the market due to rising incomes and participation. However, he is a more than a tad worried about speculation amid retail investors. He tells Siddhant Mishra & Joydeep Ghosh that regulators should ensure that there is more supply of papers through divestment and reduction in minimum shareholding to keep a check on valuations. Excerpts:
Where do you see the markets heading towards in the short-term?
Over the next year, things will be better. Right now, the only worry is that the markets are overheated due to unprecedented flows. I hope they don’t stay that way.
TechM veteran Jagdish Mitra launches AI-led SaaS platform Humanize 93% of large firms see AI…
Stock Market Highlights- Markets end lower! Nifty above 22,200, Sensex at 73,000; Nifty Midcap 100 jumps 470 points
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed the trading session on a negative note on May 15. The BSE Sensex fell 72 points or 0.10% to finish the day’s trading at 73,032.95, while the NSE Nifty 50 closed 8.45 points or 0.04% lower at 22,209.40. Bank Nifty closed down 155 points or 0.32% at 47,704.50. Bucking the trend, Nifty Midcap 100 closed in the green up 469.30 points or 0.93% at 50,694.50.
Pencil maker DOMS Industries IPO to open on Dec 13
Pencil maker DOMS Industries is set to launch its Rs 1,200-crore Initial Public Offering (IPO) on December 13. The three-day maiden public issue will conclude on December 15 and the anchor book of the offer will be opened for a day on December 13, according to the Red Herring Prospectus (RHP).
The company’s IPO comprises a fresh issue aggregating up to Rs 350 crore and an Offer For Sale (OFS) aggregating up to Rs 850 crore by promoters.
Under the OFS, corporate promoter F.I.L.A. — Fabbrica Italiana Lapis ed Affini S.p.A. — will offload shares worth Rs 800 crore and individual promoters — Sanjay Mansukhlal Rajani and Ketan Mansukhlal Rajani will sell shares to the tune of Rs 25 crore each.
Hero Motors files DRHP to raise Rs 900 crore …
Sugar output may be higher than 32.5 MT
The country’s sugar production in the current season — 2023-24 — is likely to be higher than the 32.5 million tonne (MT) projected last month owing to favourable weather conditions in the key growing states, the Indian Sugar Mills Association (ISMA) said on Tuesday.
ISMA said the recent weather conditions have been favourable for the standing cane crop, and cane commissioners of major states like Uttar Pradesh, Maharashtra and Karnataka have done an upward revision of around 5-10% in their sugar production estimates for the 2023-24 season .
“We also believe that sugar production in the current year could be higher than what was expected earlier,” according to a statement by ISMA. The association will bring out a second advance estimate of sugar prod…
Stocks To Watch- Zomato, Bajaj Auto, IndusInd Bank, Poly Medicure, HCL Tech, Saraswati Saree Depot
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Tuesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by 51.50 points or 0.21% at 24,660 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 ended up by 31.50 points or 0.13% to settle at 24,572.65 while the BSE Sensex dropped 12.16 points or 0.02% to 80,424.68.
“The Indian market failed to catch up the initial gains as there is a degree of profit booking witnessed in auto stocks due to a slowdown in demand. However, oil stocks gained momentum with the reduction in windfall tax on crude oil,” said Vinod Nair, Head of Researc…
RIL-Viacom18-Disney JV to add Rs 40 per share to Reliance’s value, says Jefferies
Reliance Industries shares gained up to 1.7% to Rs 2,958 in intraday trades before settling at Rs 2,930 (up 0.72%) on Thursday. On Wednesday, the company informed the exchanges that it had signed an $8.5 billion deal to form a joint venture with Disney to combine their media businesses. The benchmark Sensex and Nifty were up to 0.27% and 0.14%, respectively, on Thursday. While RIL’s shares reacted positively to the developments, other media companies from the group witnessed a decline in share prices.
The share price of Network18 Media and Investments and TV18 Broadcast fell 5% each. The shares of other media and entertainment companies also recorded declines, including Balaji Telefilms (down 5.4%), Eros International Media (down 4.3%), Saregama India (down 2%), NDTV (down…
Walgreens Woes Continue With Plans to Shutter More Stores
Walgreens shares tumbled early Thursday after the drugstore chain signaled that more store closings are on the way, missed earnings expectations for its third quarter and cut its annual forecast.
The company said it was finishing a multiyear plan to shutter some underperforming U.S. stores, but it didn’t detail how many were targeted.
Walgreens and major competitors like CVS and Rite Aid — which is going through a bankruptcy reorganization — have already closed hundreds of stores over the past few years. The companies have dealt with challenges that include years of tight reimbursement for their prescriptions and rising costs for running their locations.
Plus, analysts say they’ve also been hit by growing competition from Walmart, Amazon and other discount reta…
Will Nifty continue volatility or move higher- See GIFT Nifty, FII data, F&O, crude, more before market opens_1
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Wednesday. Here is all you need to know before the market opens.
GIFT Nifty traded down 128 points or 0.57% at 22,480.00 indicating a weak opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 dropped 8.70 points or 0.04% to settle at 22,453.30, while the BSE Sensex pulled back 110.64 points or 0.15% to finish at 73,903.91.
Key things to know before share market opens on April 03, 2024
Wall Street
The stocks on Wall Street ended on a lower note as traders lowered expectations of rate cuts and high bond yields. The Dow Jones Industrial Averag…
Stock Market Highlight- Markets end lower! Nifty above 24,500, Sensex down 80 points dragged by Reliance and Kotak Bank
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed the trading session on a lower note on July 22. The BSE Sensex fell 79.23 points or 0.10% to finish the day’s trading at 80,525.22, while the NSE Nifty 50 closed 15.25 points or 0.06% lower at 24,55.65. Bank Nifty closed in the green, 63 points or 0.12% higher at 52,328.60. Similarly, Nifty Midcap 100 closed 707.50 points or 1.27% higher at 56,615.80.
Share Mar…
Stocks To Watch- Accenture, Religare Enterprises, JM Financial, Piramal Enterprises, Tata Communications
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Friday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded flat as the index was up 34.50 points or 0.15% at 23,627.50 indicating a positive start for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 gained 51 points or 0.22% to settle at 23,567, while the BSE Sensex rose 141 points or 0.18% to close at 77,479.
Stocks to watch on June 21, 2024
Accenture
Accenture has once again cut its revenue forecast for FY24 as clients continue to reduce spending on consulting services due to economic uncertainties. Accenture�…