Snehal khanna Blog

Catch all live market action here LATEST NEWS :    Benchmark indices tumbled on Friday because the lengthy-term capital gains tax on equities investments dampened sentiment, even as bonds slid for a 2d consecutive session on worries the significant bank could become greater hawkish on inflation   . The susceptible sentiment came an afternoon after the authorities unveiled its price range for the 12 months beginning in April that raised spending for rural sectors and healthcare, widening the monetary deficit goal to 3.three% of gross home product from the previous three.0%. The authorities additionally unveiled a 10 percent tax on lengthy-time period capital profits in equity markets  . investors worried that higher spending and the government’s flow to elevate minimum help costs for crops could lead to better retail charges at a time when purchaser charge inflation has already hit a 17-month high of 5.21%, properly above the Reserve bank of India’...

The ETF will invest in 22 stocks from CPSE, SUUTI and PSU Banks listed on BSE of which 19 will be public sector companies LATEST NEWS  : The 'Bharat 22' Exchange Traded Fund (ETF) is all set to open for anchor investors on November 14, while subscription for retail investors would begin from November 15 and continue till November 17. The ETF is expected to mop up over Rs 8,000 crore for the government, helping the government meet its ambitious Rs 72,500 crore disinvestment target for the current fiscal. The ETF will invest in 22 stocks from CPSE, SUUTI and PSU Banks listed on BSE of which 19 will be public sector companies. The first CPSE (Central Public Sector Enterprises) ETF, which was launched in March 2014 consisted of scrips of 10 PSUs - ONGC, Coal India, IOC, GAIL (India), Oil India, PFC, Bharat Electronics, REC, Engineers India and Container Corporation of India. The government has raised Rs 8,500 Cr through CPSE ETF route last fiscal. All you...

The insurance and reinsurance industry is the latest to join the palette of choice for equity investors in recent times LATEST NEWS   :    The IPO received bids for 17,06,99,808 shares against the total issue size of 12,47,00,000 shares, data available with the NSE showed. GIC Re is all set to emerge among the top 10 global reinsurers and figure among the 40 largest global corporates, both in terms of market capitalisation. From its current ranking of 12 largest global reinsurer, the company is set to grow to the 10th spot during the current fiscal, given its healthy growth rate, a market source said. At present, GIC Re is also the 3rd largest reinsurer in Asia. It is also likely be the second largest Indian entity in the financial sector PSU listed space after SBI, the source added. Alongside SBI, GIC Re is the country's leading MNC in financial sector with a global presence - it has branches in London, Dubai, Kuala Lumpur and a subsidia...

Sebi has asked NSE to seek documents from 48 cos and verify credentials of these firms LATEST NEWS     :    Stock exchange major National Stock Exchange of India (NSE) on Wednesday said that it has commenced the process to verify the credentials of firms on its platform, on whom trade restrictions were imposed by regulator Sebi. "Sebi has directed exchanges to shift 331 companies to the Graded Surveillance Measure (GSM), Stage VI, with immediate effect. Of these 331 companies, only 48 are listed on NSE. Of these 48 companies, 10 companies were suspended prior to this directive of Sebi," the NSE said in a statement. "Sebi has asked NSE to seek documents from these 48 companies and verify the credentials and fundamentals of these companies. The exchange has already commenced the process of collecting information, as advised by Sebi and will be reporting to Sebi after completing the exercise." Stock market regulator Sebi had imposed trade...

The stock listed at Rs 73.45 on BSE and at Rs 73 on NSE, a 22% premium against IPO price of Rs 60. Shares Housing and Urban Development Corporation (HUDCO) has listed at Rs 73.45, a 22% premium against its initial public offer (IPO) price of Rs 60 on the BSE. On the National Stock Exchange (NSE), the stock opened at Rs 73. The discount of Rs 2 per share to the issue price of Rs 60 was offered to retail and eligible employees. At 10:06, the stock was trading at Rs 76.65, after hitting high of Rs 77.80 on BSE post its listing. On the NSE, it high of Rs 77.85 in intra-day trade so far. A combined 84.01 million shares changed hands on the counter on BSE and NSE so far. The IPO of HUDCO saw huge demand from investors and was subscribed nearly 80 times. The portion reserved for qualified institutional buyers (QIBs) was subscribed 55.45 times, non-institutional investors saw a subscription of 330.36 times and retail investor's category was subscribed about 11 times. ...