Latest Stock Market News

Separately, SBI Cards and Payment Services is likely to conclude sales of five-year bonds worth around ₹800 crore next week. The bonds, rated AAA by CRISIL and ICRA, may bear a rate of interest of 7.85%, sources said.

Kotak Mahindra Bank will provide a ₹1,200 crore term loan at 16-17%, which will be used to repay debt raised from Goldman and Varde at 21%, the same person said.

​​The strong inflows more than made up for the $4.1 billion outflow in the first two months of 2023, eking out a $404 million net inflow for the calendar year so far.

​Hanging Man pattern is a one-day candlestick pattern in which there is a small red real body and lower shadow extending from the body and is formed at the top of an uptrend.​

​ Inverted Hammer pattern is a one-day candlestick pattern in which there is a small red real body and upper shadow extending from the body and is formed at the bottom of a downtrend.​

​New Long is a bullish indicator because it signifies the futures OI and price have increased.​

High-yield bonds are growing in demand among retail savers in India after the removal of indexation benefits on debt held beyond three years. Non-bank lenders are raising funds via the private placement market, with NBFC bonds initially privately placed and sold to large brokers who then sell them to retail savers. A relatively underpopulated corporate fixed deposit space, and the lack of non-convertible debenture issuance in the primary market, are prompting retail investors to turn to these private placement products. Private placement bonds have a face value of INR1 lakh ($1,344), compared to INR10 lakh a year ago.

​Aggressive New Short means the average traded quantity for 5 days along with cumulative Open Interest for the underlying stock has increased whereas the price has decreased.​

Nexus Select Trust real estate investment trust (REIT), which includes a fresh offering and OFS portion, was subscribed 28% on the first day of the IPO. The REIT has a price band of Rs 95-100 per unit and closed on May 11. A day ahead of the IPO, Nexus raised Rs 1,440 crore from anchor investors. At the upper band of Rs 100 per unit, the company has a market cap of Rs 15,150 crore and offers a pre-tax yield of 8% in FY24. It is the largest mall platform in India and includes 17 high-quality assets.

For FY23, the consolidated net profit rose nearly 39% YoY to Rs 39.4 crore, and revenue grew 76% to Rs 1,091 crore.