After an overwhelming show in FY24, domestic equities look poised to kickstart the new financial year on a good note and test new highs, as capital flows remain buoyant and the underlying factors conducive for the bulls to keep their foot ahead of the bears on Dalal Street. Benchmark Nifty50 bid goodbye to FY24 after … Read more
The initial public offering (IPO) of Bharti Hexacom will open for subscription on April 3. The issue closes on April 5. Through the public offer, the company plans to raise around Rs 4,275 crore. Here are 10 things to know about Bharti Hexacom IPO before subscribing to the issue. 1) What is the business overview … Read more
The initial public offering (IPO) of Bharti Hexacom will open for subscription on April 3 and close on April 5. The company has fixed a price band of Rs 542-570 per share. The anchor book of the first public issue of the new financial year FY2024-25 will be open for a day on April 2. … Read more
Nearly 43 lakh new demat accounts were added in February taking the overall tally to 14.80 crore accounts according to estimates by Motilal Oswal. Meanwhile, the average monthly additions were 21 lakh in FY23. Central Depository Services (India) Limited continued its market dominance gaining market share in February 2024 in terms of the total number … Read more
Sanjiv Bhasin, Director, IIFL Securities, says the broader market will be in a consolidation phase. So pick your stocks. Right now, PSUs, OMCs, ONGC, Hind Copper, Vedanta, the metal/OMC space are looking very strong, as is insurance. That is where you should be upping your ante.” Bhasin further says: “Do a SIP in HDFC, Asian … Read more
There are a host of corporate actions scheduled for this week. SBI Life Insurance Company, IIFL Securities, and Kirloskar Ferrous Industries will trade ex-dividend, while Waaree Renewable Technologies will trade ex-split this week. On Thursday, 14 March, Data Infrastructure Trust and Wonder Electricals (Re 1/share) will trade ex-dividend. Meanwhile, Autoriders International (Rs 0.5/share), IIFL Securities … Read more
Capital market regulator Sebi has approved IPOs of three companies including that of new age insurance company Go Digit, which is backed by star cricketer Virat Kohli. Digit’s IPO has hit multiple hurdles over compliance issues, which delayed approval for the public offer. Sebi had returned the draft offer document twice as the regulator raised … Read more
Benchmark Nifty 50 rallied over 8% in the December derivative series, clocking its best gains in a series since February 2021. This was also the highest series gain by the index in 2023. Further, foreign institutional investors significantly increased their net long positions, taking the long-short ratio sharply higher to 2.28 at the beginning of … Read more
Sanjiv Bhasin, Director, IIFL Securities, says “I am in the camp that says we may hit a crescendo. Generally, when fools buy, you should be looking to sell or book profits and when fools sell, you should be looking to buy aggressively. So, it is the total opposite of what dichotomy is, that the biggest … Read more
Rachna Dattani, Associate Director, IIFL Securities, says if somebody is thinking about diversifying the portfolio, I would definitely recommend a portion of it going to sovereign gold bonds which are closing but tranches will keep coming by every quarter. If somebody is looking at allocating an x amount in debt for three to five years, … Read more
