Retail investors ‘gambling’ in stocks? Nithin Kamath’s take on popular view
Most of Zerodha’s AUM was added post-2020, which is one of the biggest bull markets India has seen. While equity funds saw a slowdown in the pace of inflows, investments through the systematic investment plan route hit record high in November.
3 global funds sell 7.8% stake in Five-Star Business for Rs 1,656 crore via open market
TPG Capital, through one of its affiliates TPG Asia Vii Sf Pte, sold 89,07,493 shares of Five-Star Business or 3.05% stake at Rs 730 apiece, aggregating around Rs 650 crore, according to bulk deals data on the National Stock Exchange. As of September end, the global private equity fund held 14.29% stake in the NBFC.
Bank of India QIP subscribed 4.11 times; lender raises Rs 4,500 crore
The lender received a total 104 bids aggregating up to Rs 18,483 crore, it said in an exchange filing. The state-owned lender allotted shares to qualified institutional buyers at Rs 100.20 a share, a discount of nearly 5% to the floor price of Rs 105.42.
Pro rata mechanism led to unnatural price discovery with inflated oversubscription of IPOs: Sebi chief
The regulator had earlier said it would address the issue of exorbitant valuation of initial public offerings seen in the recent past.
Tech View: Nifty 50 forms a long bullish candle on weekly charts. What traders should do next week
On a week-on-week basis, the 50-stock index has gained 3.5% and has formed a long bullish candle, while holding higher bottom formation on daily and intraday charts, which is largely positive, says Amol Athawale, Vice President – Technical Research, Kotak Securities.
Top picks! ICICI Bank, Maruti Suzuki among 8 largecap stocks that can rally up to 25%
We could see the biggest bull run for next five years; stay invested: Varun Saboo
“Power is a multi-year story. The power stocks have just started reacting. There can be a very sharp run from here also. Although we do not have any formal coverage, I am again highlighting that this space itself is becoming very attractive. So, the power story can be interesting. ”
India Shelter Finance to launch Rs 1,200-cr IPO on Dec 13
Those offering shares in the OFS include Catalyst Trusteeship Ltd, Madison India Opportunities IV, MIO Starrock, Nexus Ventures III Ltd, and Nexus Opportunity Fund II Ltd.
India to move to T+0 for market settlement before FY24-end: Sebi chief
Currently trades in India are settled in “T+1” or one day after the trades are initiated. T+0 would mean settlements in the same day and instant settlement would ensure trades are settled immediately.
Sugar stocks tank up to 7% on government’s ethanol production curbs
Among the top losers from sugar sector were Shree Renuka Sugars which plunged over 7% in the opening trade amid high volumes, followed by Balrampur Chini, Rana Sugar, The Ugar Sugar Works and Dwarikesh Sugar, which lost up to 3%.