Ashish Kacholia opposes heavy-handed SME IPO crackdown: ‘Don’t punish the whole market for a few bad apples’
Amid concerns about manipulation in the SME IPO market, investor Ashish Kacholia criticized overregulation, arguing it unfairly penalizes the entire sector. He advocates for light-touch regulation, investor diligence, and robust disclosures, emphasizing the SME platform’s crucial role in fundraising and business growth.
Investors sell 54% of IPO shares within a week, finds Sebi study
A Sebi study reveals that 54% of IPO shares are sold within a week of listing by non-anchor investors. The study shows that 63.3% of shares are sold by non-institutional investors, with a higher exit rate for positive listing gains.
FIIs boost stakes: 10 Nifty Microcaps surge 100-200% in FY25 so far
The Nifty Microcap 250 index has outpaced the Nifty Smallcap 250, climbing approximately 32% in the first 5 months of FY25, versus the Nifty Smallcap 250’s 27% increase. ETMarkets analysis shows that around 10 of the Nifty Microcap 250’s leading stocks have turned into multibaggers so far this fiscal year. Interestingly, all 10 of these […]
Bank of Baroda may raise up to Rs 5,000 crore through infra bonds in coming days
Bank of Baroda is likely to raise up to Rs 5,000 crore through the issuance of infrastructure bonds in coming days, as the state-owned lender looks to garner long-term funds amidst firm demand for credit.
Tolins Tyres to launch IPO on September 9. Check details
The company is offering new shares worth Rs 200 crore and existing shareholders, Kalamparambil Varkey Tolin and Jerin Tolin, are selling some of their shares worth Rs 30 crore.
Tech View: Nifty gives no signs of reversal, support at 25,100. Here’s how to trade on Tuesday
Nifty’s short-term uptrend remains strong. While facing resistance around 25,350, there are no signs of a major reversal. A decisive break above 25,400 could propel Nifty towards 25,800. Immediate support lies at 25,100, according to Nagaraj Shetti of HDFC Securities.
NFO Watch: Franklin Templeton Mutual Fund launches Medium to Long Duration Fund
The new fund offer (NFO) will be open for subscription from September 3 to September 17, with continuous sale and repurchase starting on September 26. The scheme, managed by Chandni Gupta and Anuj Tagra, will be benchmarked against the CRISIL Medium to Long Duration Debt A-III Index.
India equity playbook 2024: Japan carry trade, rate cuts and US elections taking centre stage
US economic indicators, like rising unemployment and mortgage delinquencies, point towards a global economic slowdown, potentially leading to interest rate cuts. The upcoming US elections in Q4 2024 could further fuel market volatility. Comparatively, India’s economy is robust, and with elections and the Budget behind us, it’s well-positioned for continued outperformance, particularly given the ample […]
Fed rate cuts, their impact on gold prices, and key levels to monitor this week
Gold and silver experienced a significant drop last week driven by a rebound in the dollar index and U.S. bond yields. The Federal Reserve’s actions and upcoming U.S. economic data, particularly the Payrolls report, are seen as key drivers for commodities in the near term according to Naveen Mathur from Anand Rathi Shares and Stock […]
Market will continue to move sideways with some sector rotation: Seshadri Sen
We do not see any major upheaval in either direction negative or positive in the second half. Earnings are probably the most stable we have seen in the last two or three years.