Posts Tagged ‘bse’
Sensex rise 125 points in saturday special session
Snapping a two-day slide, Indian shares rose about 1% on Saturday in a special trading session, helped by the absence of foreign investors, which have sold heavily over the last couple of weeks. A late rebound in US equities on Friday also encouraged local traders to trim their short positions on Saturday, aiding the bounce.
JSW Energy had Better Than Expected Debut
The $581 million initial public offering of India’s JSW Energy Ltd. Monday made a better than expected debut on the bourses and closed at a slight premium to its offer price of 100 rupees ($2.1), suggesting sustained investor appetite for infrastructure stocks.
Bain Cap execute first deal in India
In its first deal in the country, private equity player Bain Capital has acquired stake in a Kolkata-based coal tar manufacturing company, Himadri Chemicals and Industries. The deal is estimated at around Rs 580 crore.
BSE moves Sebi for listing its shares
India’s oldest exchange, the Bombay Stock Exchange (BSE), has approached the Securities and Exchange Board of India (Sebi) for listing its shares. Sources said the listing would be through an initial public offering. This will make BSE India’s first listed exchange.
Extension of market hours, Brokers for status-quo
A prominent body of Indian stock brokers today demanded both Bombay Stock Exchange and National Stock Exchange to maintain status-quo in their trading hours until adequate infrastructure is in place.
Jindal Power files papers for $1.5 billion IPO
Naveen Jindal-led Jindal Power today said it has filed draft prospectus with market regulator SEBI to raise Rs 7,200 crore through its IPOs
Jindal Power has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), today,” JPL said in a statement.
Sensex set for slower rise in 2010
The BSE Sensex is likely to extend its recent rally into 2010, underpinned by strong economic growth and an improving earnings outlook, BSE but it is unlikely to repeat 2009’s spectacular rise, a poll showed.
Weekly Wrap: Sensex, Nifty drift 2% each
Bears seem to tighten their grip over the Indian bourses, which was otherwise quite lackluster. The Nifty lost nearly 4% from its 52-week high, which it rose to during the previous week. Murky economic outlook, worry of soaring food prices and possible interest rates hike continued to weigh upon the sentiment. For the week, the BSE Sensex lost 2.3% to end at 17,720 while the NSE Nifty fell 2.5% to shut shop at 4,988.
Indian stocks set for slower rise in 2010
India’s BSE stock index is likely to extend its recent rally into 2010, underpinned by strong economic growth and an improving earnings outlook, but it is unlikely to repeat 2009’s spectacular rise, a Reuters poll showed.
BSE, NSE advance market opening to 9 am
Rivalry between the two leading bourses on Wednesday came to a head with both the Bombay Stock Exchange and National Stock Exchange, announcing that they would start trading from 9 am from Friday.
JSW Energy fix issue price at Rs 100
Private sector power producer JSW Energy has fixed the issue price of its public offer at Rs 100 per share, at the lower end of its price band.
BSE down despite Dubai $10 bn bailout
Asian markets, which looked down and out for most part of the day today, suddenly sprang back to life as news that Dubai will eventually be bailed out by Abu Dhabi gained ground. Indian indices however, refused to toe the line and closed marginally in the red today. While BSE Sensex edged lower by around 20 points, NSE Nifty closed lower by around 12 points. BSE Midcap and Small cap indices also lost marginal ground, ending lower by 0.7% and 0.5% each. Amongst index heavyweights, cement and IT counters traded strong today while telecom stocks bore the brunt of profit booking.
Tata Steel shines on fund raising plan
The steel maker has an equity capital of Rs 887.21 crore. Face value per share is Rs 10.
The current price of Rs 551.35 discounts the company’s Q2 September 2009, annualised EPS of Rs 40.70, by a PE multiple of 13.54
As per reports, Tata Steel will first dilute equity and then raise debt. Last month, Tata Steel had said it had a gross debt of $12.9 billion, which it aimed to cut by $2 billion in the medium term.
Cox and Kings shares rise after listing at discount
Shares of travel operator Cox and Kings (India) Ltd listed at Rs 304.10 on the BSE on Friday, about 8 percent lower than its issue price Cash
of Rs 330 a share, but soon surged to Rs 415.90. “We expected it (the rise), but not this much. We expect the movement to continue because of its better business model compared to peers,” said Neha Pathak, analyst at KR Choksey.
“Its presence across the globe is the key driver for it”. Cox and Kings (India) is the parent of UK-based unlisted Cox and Kings, and accounts for nearly 66 percent of the group’s global revenues. It operates in 20 countries across the globe through subsidiaries and branch offices.
Lackluster Sensex off day’s low
After a weak start, markets have come off days low and are trading in a narrow range. The bounce back is seen despite weak cues from the Asian markets. The Nikkei index and the Hang Seng index are down 1% each.
BSE PSU index was the top gainer, adding 1%, followed by Auto and Teck index. On the other hand, BSE Metals and banking index is in the red.