India Finance News

Market LIVE Updates: Sensex down 500 points, Nifty around 18,100; all sectors in the red – Moneycontrol

January 04, 2023 / 02:40 PM IST

Morgan Stanley On IndusInd Bank

-Overweight call, target at Rs 1,475 per share
-Retail deposit growth accelerated to 21 percent YoY vs 16 percent YoY last quarter 
-Loan growth remained strong at 19 percent YoY vs 18 percent last quarter

IndusInd Bank was quoting at Rs 1,223.00, down Rs 17.75, or 1.43 percent.

January 04, 2023 / 02:30 PM IST

Most active stocks on NSE in terms of volumes 

January 04, 2023 / 02:28 PM IST

New trends to look forward to in 2023: Vittal Ramakrishna, CEO and Founder, POD World

In 2023, one of the key things to watch out for will be Embedded Finance. Embedded Finance is Banking-As-A-Service with an added layer of technology for seamless integration – be it credit issuance or even the investment circuit. Furthermore, Buy Now, Pay Later as a model is expected to grow in this sector.

Alternative Investments is also expected to gain prominence. Alternative Investments has seen tremendous growth in the last couple of years with increased participation from the working class and even from retail investors. This in turn is resulting in diversification of investments.

January 04, 2023 / 02:22 PM IST

India’s current account deficit, now at a decadal high of 3%, may reduce this year

The current account gap should narrow to about 2 percent of GDP in 2023 from an estimated 3 percent in 2022… Read More

India’s current account deficit, now at a decadal high of 3%, may reduce this year” title=”

India’s current account deficit, now at a decadal high of 3%, may reduce this year

“>

January 04, 2023 / 02:14 PM IST

Sah Polymers IPO updates

The maiden public offer of Sah Polymers consistently garnered healthy response from investors, especially high net-worth individuals and retail, as the IPO has received bids for 6.21 crore equity shares against an issue size of 56.1 lakh shares, subscribing 11.09 times on January 4, the final day bidding.

Retail investors have been in the forefront with bidding 28.93 times the allotted quota, while high net-worth individuals have bought shares 18.74 times the portion set aside for them. The reserved portion of qualified institutional buyers was fully subscribed on Tuesday, the day before the issue closing. On the final day today, the part has been subscribed 1.31 times so far.

January 04, 2023 / 02:09 PM IST

Market update at 2 PM: Sensex is down 351.18 points or 0.57% at 60943.02, and the Nifty shed 104.20 points or 0.57% at 18128.30.

January 04, 2023 / 01:49 PM IST

Jefferies maintains ‘buy’ rating on IndusInd Bank, target Rs 1,600-Buy call, target at Rs 1,600 per share
-Q3 update shows loan growth of 19 percent YoY/ 5 percent QoQ
-Uptick in retail loan growth (CVs & MFI) also makes better margin
-Deposit growth slower at 14 percent YoY/ 3 percent QoQ
-Valuations attractive at current levels

January 04, 2023 / 01:46 PM IST

Nifty trades near 10-day moving average and Bank Nifty trades around 5-day moving average

January 04, 2023 / 01:41 PM IST

Here are the stocks that are witnessing a huge surge in volumes traded today as compared to their 5-day average traded volume. Click to View More

January 04, 2023 / 01:32 PM IST

Sah Polymers IPO bought 9.8 times on final day:  

The maiden public offer of Sah Polymers consistently garnered healthy response from investors, especially high net-worth individuals and retail, as the IPO has received bids for 5.49 crore equity shares against an issue size of 56.1 lakh shares, subscribing 9.8 times on January 4, the final day bidding.

 

Retail investors have been in the forefront with bidding 27.1 times the allotted quota, while high net-worth individuals have bought shares 15.8 times the portion set aside for them.

 

The reserved portion of qualified institutional buyers was fully subscribed on Tuesday, the day before the issue closing. On the final day today, the part has been subscribed 1.06 times so far.

January 04, 2023 / 01:24 PM IST

BSE Power index fell 1 percent dragged by JSW Energy, Adani Power, Power Grid

January 04, 2023 / 01:18 PM IST

Here are the stocks that locked on the lower circuit or have only sellers in the stocks on the NSE

Exit mobile version