Latest Stock Market News

The Securities Appellate Tribunal (SAT) on Thursday asked Sahara group firm Sahara India Commercial Corporation Ltd and its then directors including Subrata Roy to deposit Rs 2,000 crore with Sebi within four weeks.

Paytm’s IPO and listing can potentially soften the private markets and tech valuations overall in what has been a record year for dealmaking in the digital economy, investors and analysts say.

Its day-one nightmare even eclipsed the worst trading debuts ever by US firms that raised at least $2 billion in their IPOs.

The bonds, with face value of Rs 1 crore each, are perpetual in nature and bear coupon of 8.70 per cent per annum. Perpetual bonds carry no maturity date, so they may be treated as equity, not as debt.

The company manufactures and assembles a wide array of products and provide end-to-end product solutions.

“With the easing of COVID-19 induced lockdown, the company witnessed a strong demand for residential properties. We registered strong booking in our on-going projects with improved realisation and registration of properties in completed projects,” said Pankaj Bajaj, Chairman and Managing Director of the company.

Indian equities have come under pressure for their rich valuations with five major foreign broking houses downgrading their outlook on the market in the past three weeks.

From the beginning of October to the first week of November, cooking oil prices had come down after the government reduced import duty on oil and asked the states to keep a close vigil on stock holding.

ICICI Prudential Mutual Fund picked up 1.47 million shares of the IT sector company at Rs 450 per share through a bulk deal on the BSE.

The Dow Jones Industrial Average fell 29.36 points, or 0.08%, at the open to 35,901.69.