Latest Stock Market News

The Securities and Exchange Board of India (Sebi) on Friday proposed to cap International Securities Identification Numbers (ISINs) for corporate bonds, in a bid to boost liquidity in the debt market.

Wall Street capped a choppy day of trading Friday with an uneven finish for the major stock indexes, as losses for several large technology companies weighed on the market.

Members unanimously voted for a status quo in rates. But the only dissenting voice was by Prof Jayanth Varma of IIM, Ahmedabad who voted against the accommodative stance as risks to growth and inflation are well beyond the control of the MPC, but they warrant a heightened degree of flexibility and agility.

“As the Indian economy grows further, the AIFIs are increasingly being seen as key institutions to promote the flow of direct or indirect credit to the economic sectors they cater to. It has been decided, therefore, to extend Basel III Capital framework to the AIFIs,” RBI said Friday in a draft master direction.

New central bank rules might reduce the quantum of funds available with high networth investors (HNI) for bidding in IPOs. Leveraged bidding, which involves exiting the stocks following listing gains and paying back the financier, might reduce when the new lending limits are enforced.

Consolidated total revenue from operations stood at Rs 1,657.45 crore in the second quarter as against Rs 1,591.35 crore in the year-ago period, it added.

In another transaction, Aspire Emerging Fund sold 873,465 shares of Muzali Arts at Rs. 3.49 per share through a bulk deal on the BSE.

In a regulatory filing, the securities issue committee of the board of directors at its meeting held on Friday approved the closure of the issue on October 22.

The Vedanta group firm has also reported record-high operating earnings for the first half of FY22 at Rs 6,890 crore, up 51 per cent year on year.

The company’s consolidated net profit surged 43 per cent year-on-year to Rs 13,680 crore aided by a low base whereas, consolidated revenues jumped 48 per cent on-year to Rs 1.7 lakh crore.