Sensex ends above 59K, up 418 points; Nifty tops 17,600; ITC rallies 7%

RIL, ITC and bank stocks contributed to the gains on benchmarks while metals and IT names languished

12:04 PM

ALERT :: Bharti Airtel revises prepaid mobile plans with Disney+ Hotstar

>> Company raises prepaid prices to reflect increase in price by Disney+ Hotstar in its plans

 

Source: CNBC-TV18
 

12:00 PM

SEBI chairman says:

>> Shareholder activism is good for everyone, especially minority shareholders
 

>> Strong reason to move to T+1 settlement cycle from T+2 
 

>> Intraday cash market margins in interest of everyone
 

>> Good that shareholders applying their own minds, not following herd mentality
 

>> Retail investors shouldn't follow herd mentality for IPOs

11:56 AM

YES Bank ‘strongly suspects’ certain investments made by Dish TV, are ‘dubious’

>> YES Bank Concerned about Dish TV’s Rs 1,378 cr investment in OTT platform Watcho

 

Source: TV channels
 

11:38 AM

This recently listed stock has zoomed 120% over its issue price

Shares of Ami Organics have been on a dream run on the bourses ever since their strong stock market debut on Tuesday. The market price of the company has more-than-doubled over its issue price after the shares hit a new high of Rs 1,345.70 on the BSE in the intra-day trade.

 

They rallied 20 per cent today, adding on to their 20 per cent surge of Wednesday. With the past two days' rally, the stock has zoomed 120 per cent over its issue price of Rs 610 per share. READ MORE

11:26 AM

Private Banks to lead next leg of market rally: Naveen Kulkarni

As markets trade near all-time high levels, NAVEEN KULKARNI, chief investment officer at Axis Securities, tells Nikita Vashisht in an interview that ‘Quality’ as an investment theme is set to outperform ‘Value’ going ahead. The government’s relief measures for the telecom sector, he says, are necessary for the industry in addressing some of the challenges, but pricing concerns will continue to persist for the sector. READ MORE

 

11:23 AM

We need more public debt issuances & also issuances of lower rated debt, says SEBI chief

>> Recent surge in investor participation offers an opportunity to harness their interest

>> Need to further deepen the individual investor participation

>> In 2020, around 55% US adults had money in stock market

11:20 AM

SEBI chairman Ajay Tyagi says:

>> 51-53 lakh SIPs were added during the last two financial years

>> Around 59 lakh have been added during the first 5 months of this financial year
 

11:17 AM

Sebi chairman Ajay Tyagi says:

>> Indian equity markets has given best returns in dollar terms

 

>> Having a robust margin system is essential

 

>> Sebi has beefed up its surveillance mechanism

 

>> InVits & REITs have become very popular

 

>> Tech cos raised Rs 15000 cr in last 18 months

>> As per trends in corp bond market, 90% issuances are rated AA

 

>> Need to develop credible credit default system

11:15 AM

ALERT :: SEBI Chairman Ajay Tyagi says climate change likely to impact sooner rather than later

>> ESG aspect of asset management is an area we need to look at 

 

11:12 AM

Sebi chief Ajay Tyagi on IPO boom

>> IPO pipeline with Sebi at Rs 30,000 crore

>> Recent boom in IPO fundraise, more than doubled since last year

 

>> In just 5 months in this FY, IPOs raised more than they did in last FY

>> IPO raises more funds than through preferential route
 

 

11:11 AM

Holdings of individual real estate companies has risen: Ajay Tyagi, Sebi chief

11:11 AM

The funds raised in IPOs more than doubled in the last year says SEBI chief Ajay Tyagi

>> Funds raised from IPOs was around Rs 46,000 Crore

>> Funds raised from IPOs this year is expected to be highest in 10 years

11:08 AM

Sebi chairman Ajay Tyagi says:

>> 4 lakh demat accounts opened per month in 2019, now that figure is 26 lakh

>> Individual investor participation has increased during pandemic

11:07 AM

Huge rise in secondary market turnover tested infra: Ajay Tyagi, Sebi chief

11:06 AM

BUZZING :: IndusInd Bank hits 10% upper circuit