Latest Stock Market News

The institutional demand for Premier Energies was second only to Tata Technologies. In November last year, the ₹3,042.5-crore IPO of Tata Technologies was subscribed 69.43 times, with institutional bidding amounting to ₹1.56 lakh crore.

"Inefficiencies and opacity dog not only the Indian domestic investor; they also impact foreign portfolio investors (FPIs). While India fully moved to a T+1 settlement cycle in January 2023, most FPIs are only able to access their funds from sale of securities on T+2 or later," Sebi whole time member Ananth Narayan said. He was speaking at the Global Fintech Fest.

​​As of June 30, Tencent Cloud Europe B.V. held a 4.26% stake in the company. Axis Mutual Fund, Mirae Asset MF, Marshall Wace Investment Strategies Eureka Fund, SBI MF and Goldman Sachs (Singapore) PTE-ODI were among some of the buyers.

Value fashion retailer Baazar Style Retail Ltd has raised Rs 250 crore from anchor investors ahead of its IPO opening for public subscription. The Rs 835-crore IPO, with a price band of Rs 370-389 per share, opens on August 30 and closes on September 3. Funds will be used for debt repayment and corporate purposes.

The stock had fallen more than 5% before the bell after Nvidia on Wednesday forecast third-quarter gross margins that could miss market estimates and revenue that was largely in line.

State-owned NHPC has received shareholders nod to raise its borrowing limit to Rs 50,000 crore in its annual general meeting held on Wednesday.

The government has received about Rs 5,091 crore from Indian Oil Corp as dividend, the Department of Investment and Public Asset Management (DIPAM) said on Thursday.

Markets regulator Sebi on Thursday proposed to make it mandatory for all entities regulated by it to maintain communication records, including acknowledgements, for at least eight years.

Gold prices gained on Thursday, fuelled by strong expectations of a Federal Reserve rate cut in September with investors focusing on U.S. inflation data for further insights on the potential size of the cut.

Sebi chief Madhabi Puri Buch described compliance as a background hum, aiming for it to be seamless so entities can focus on national growth and citizen services. In her Global Fintech Fest 2024 keynote, she emphasized the need for regulatory standards to foster innovation and reduce integration costs in fintech.