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Benchmark indices ended the last day of the 2022-23 fiscal with a nearly 2% jump on Friday in line with firm trends in the global markets and heavy buying in Reliance.

The IPO comprises fresh issue of 10.95 lakh shares and plans to raise about Rs 5.15 crore from the public offer. About 57,000 equity shares of the company aggregating to Rs 26.79 lakh have been reserved for the market maker.

Brokerage Motilal Oswal has shared a list of potential private bank stocks that can fetch you better growth and good momentum.

As many as 33 companies will see the expiry of pre-IPO lock-ins in the next three months. A lock-in is a time period under which existing shareholders cannot sell their investments to avoid volatility in the stock.

Meanwhile, Morgan Stanley places India at the 7th spot in terms of market allocation among APxJ/EM (Asia Pacific ex-Japan / Emerging Markets). The US-headquartered investment bank and financial services company is ‘Overweight’ (OW) on China, South Korea and Taiwan.

"While the UPI block mechanism to allow trading with funds lying in the bank account is optional for brokers, the ability to collect fees from CC and potentially lower regulatory burden due to non-handling of client funds would probably mean that most brokerages will offer it," Kamath said.

What can one expect from the major auto players on their performance in March? Check out.

Berger Paints CEO, Abhijit Roy, has said that there is no need to lower prices in the Indian market if demand continues to hold up. Roy said that following a weak Q3 due to bad weather, the paint industry was back on a growth path with almost double-digit growth expected in Q4. The correction in raw material prices was helping the industry recoup earlier losses, he said.

Sources said issue size likely reduced to $ 400-600 million all of which will be a primary issuance to repay debt.

According to the regulator, the framework aims at giving benefits such as interest on the blocked funds in a client’s savings account till the time the amount is debited.