Sensex, Nifty snap 4-day losing run; Bajaj Fin gains 4.5%, IT stocks weigh

Closing Bell on September 25, 2023: The broader markets ended with steady gains with the BSE MidCap index advancing 0.46 per cent, and the BSE SmallCap 0.12 per cent

12:15 PM

JPMorgan M&A head Aiyengar sees up to $150 billion funds focused on India

Investors have about $2 trillion of funds available to invest, and about $100 billion to $150 billion of that is focused on India, according to Anu Aiyengar, JPMorgan Chase & Co.’s global head of mergers and acquisitions. READ MORE

12:03 PM

S&P retains India's FY24 growth forecast at 6% on slowing world economy

S&P Global Ratings on Monday retained India's growth forecast for current fiscal at 6 per cent citing slowing world economy, rising risk of subnormal monsoons and delayed effect of rate hike. READ MORE

11:49 AM

Apollo Micro surges 10% on inking multiple agreements with DRDO

The company also announced that it recently was declared as the lowest bidder in multiple projects from the DRDO and another government sector company. READ MORE

11:33 AM

ALERT:: Power Grid Corp board okays Rs 2,250 cr bond issue; stock marginally down

Power Grid Corporation informed the exchanges that its board approved raising up to Rs 2,250 crore in FY24 via bonds to part finance its capex requirement and provide inter corporate loan(s) to wholly-owned subsidiaries.

11:21 AM

Godrej Properties sells around 670 flats worth over Rs 2K cr in Noida

This is Godrej Properties' most successful ever launch in terms of the value and volume of sales achieved, the company said. The project was launched in August. READ

11:10 AM

India bonds finally at global high table with JPMorgan index inclusion

India’s $1 trillion government bond market has struggled for years to rise above the criticism of being insular.

 

That is set to change after JPMorgan Chase & Co. Thursday became the first global index provider to include them on its emerging markets index. The decision sets the stage for billions of dollars of inflows just when the bond market is straining under record government borrowings. READ

10:58 AM

Bajaj Finance, SBI, Inox Green: Trading strategies for stocks in news

Among the stocks in focus on Monday, Shree Renuka Sugars looks strong on charts, while Inox Green Energy seems weak. READ

10:44 AM

Bajaj Finance gains 4% as Board to meet on Oct 5 to consider fund raising

The Board of Bajaj Finance is scheduled to meet next week to consider proposal for raising of funds through any or all of various methods including by way of preferential issue or QIP. READ

10:30 AM

REPORT: NSE planning to extend F&O trading hours

The National Stock Exchange is finalising plans to extend trading hours for equity derivatives, sources told The Economic Times.

The exchange is proposing an evening session, possibly between 6 pm and 9 pm, when market participants can continue trading futures and options contracts after the regular session between 9:15 am and 3:30 pm is over, the report claimed.

The NSE might consider extending this session to 11:30 pm at a later stage, another source said. 

10:15 AM

Delta Corp tanks 15%, hits 52-week low on tax notice of Rs 16,822 crore

Delta Corp said the amounts claimed in the DG Notices are inter alia based on the gross bet value of all games played at the casinos during the relevant period. READ

10:00 AM

Religare Ent sinks 7% as Burman family makes open offer for 26% stake

Shares of Religare Enterprises plummeted 7.3 per cent to Rs 252 apiece on the BSE in Monday's intraday trade after the company said the Burman family has made an open offer to acquire a 26-per cent stake in the company. READ

9:52 AM

Inox Green up 1% on signing pact to acquire majority sake in Resowi Energy

Has entered into a share subscription agreement to acquire a majority (51 per cent stake) in Resowi Energy.

9:51 AM

Karnataka Bank rises on plan to raise Rs 700 crore in second round of fund raise

After mobilising Rs 800 crore in equity capital from institutional investors, the bank will look at a second round of capital raising (up to Rs 700 crore) in the next six months.

9:49 AM

Swan Energy surges 9% on board nod for Rs 1,435 crore fund raise

Board approved a proposal to raise up to Rs 1,435 crore via preferential issue of equity shares.

9:47 AM

Zen Tech freezes at 5% upper circuit on winning Rs 278 crore govt order

Has won Rs 227.65 crore order from the Defence Ministry.