Hyundai Motor India IPO: GMP falls by over 50% in a week ahead of issue opening
The Indian unit of South Korean carmaker Hyundai Motor will be selling its shares in the range of ₹1,865-1,960 crore to raise a total of ₹27,856 crore through the IPO.
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Bandhan Bank shares jump 10% after analysts say new CEO appointment ends big overhang
The market has reacted positively to Partha Pratim Sengupta’s appointment. However, brokerages differ on the bank’s long-term outlook.
Explained — The latest weekly expiry move by NSE and its impact on BSE
In a note dated July 31, IIFL Securities had highlighted that the Nifty Bank contributes to 50% of NSE option premium volumes and is NSE’s biggest contract. Across three expiries, the impact is seen at 60% of overall volumes.
Analysts see upside in Maruti Suzuki, Kotak Mahindra Bank and M&M
On Friday, market tech analysts Mitessh Thakkar and F&O analyst Sneha Seth recommended these stocks for the short term.
Reliance Industries Q2 Results Preview: Oil & gas EBITDA may rise YoY; O2C likely to see weakness
According to brokerage estimates, refining throughput at 17 mmtpa and petchem performance are expected to remain muted. Refining margins are also expected to remain subdued due to weak Singapore GRM.
Chinese stocks extend weekly decline before crucial briefing
The CSI 300 Index dropped as much as 1.6% after advancing on Thursday. The gauge has now declined about 2% this week. Hong Kong’s equity market is shut for a holiday.
Adani Enterprises QIP gets strong demand with marquee investors on board: Sources
As per the September quarter shareholding pattern disclosed to the exchanges, promoters of Adani Enterprises had a 74.89% stake in the company.
Nomura downgrades this MFI citing multiple headwinds, an uncertain outlook
With state elections approaching in Maharashtra, Bihar, and Jharkhand—which account for 28% of the company’s total assets under management (AUM)—disruptions are anticipated, according to Nomura.
Marketbuzz Podcast with Kanishka Sarkar: Market likely to start lower, TCS, IREDA in focus
Marketbuzz Podcast: GIFT Nifty was lower this morning indicating a start in the red for the Indian market with stocks like TCS, Tata Elxsi, Anand Rathi Wealth, and IREDA in focus. Tune in for more cues
IREDA Q2 Results: Board approves new unit for retail businesses like PM Kusum
The retail business will include PM KUSUM, rooftop solar, and other consumer-focused segments in renewable energy, such as electric vehicles, energy storage, green technologies, and energy efficiency, the company stated in a filing.