Shalby Shares to list shares tomorrow

Multi-specialty hospital chain Shalby Limited, which just concluded its Rs 504.00 crore IPO, will list its shares on NSE and BSE exchanges tomorrow, 15 December 2017. The initial offer, which opened for subscription from Dec 5 to 7, was subscribed 2.8 times at a price band of Rs 245 - 248 per share.  The portion reserved for qualified institutional buyers (QIBs) were subscribed 4.47 times, HNI 43%, retail investors 2.97 times and employees 1.43 times. The IPO included a fresh issue of shares aggregating up to Rs. 480 crore and an offer for sale of up to 10.00 lakh equities.

M&M heads higher after unit sells part stake in CIE Automotive

Shares of Mahindra & Mahindra (M&M) rose 0.88 percent to Rs 1,425 at mid noon hours on BSE after the company said that its wholly owned subsidiary MOICML (Mahindra Overseas Investment Company-Mauritius) on 13 Dec 2017, sold 64.50 lakh shares, representing 5 percent of the share capital of CIE Automotive S.A. The average gross price was Euro 23.50/ share. The deal totaled Euro 151.58 million. Following the sale, MOICML's shareholding in CIE Automotive-SA would come down to 7.44% of its share capital. The transaction will facilitate diversification of investor base of CIE Automotive S.A.

Mahindra & Mahindra's net profit rose 24.8% to Rs 1,331.57 crore on 14 percent rise in net sales to Rs. 12,182.07 crore in Q2 Sept 2017 Year-on-Year.  Mahindra & Mahindra enjoys a leadership position in tractors and utility vehicles in India.

Sensex falls 100 points, Nifty below 10,300 ahead of WPI data

Benchmark indices were trading lower on Tuesday ahead of key inflation data. The BSE Sensex is trading lower by 125 points at 33,330.76, while the NSE Nifty50 falls 49.15 points to 10,273.10 in the later morning hours. The government will announce Consumer Price Index (CPI) and Index of Industrial Production (IIP) data later in the day.

Shares of Dr Reddy’s rose 5% to Rs. 2,287.85 after the company said the US FDA issued an Establishment Inspection Report for the company’s plant-3 in Hyderabad.

Tata Motors Limited has said that the company will be increasing prices of its whole passenger vehicles ranging by upto Rs.25,000, starting Jan 2018, as per the BSE filing.

L&T InfoTech Limited completes acquisition of 100% stake in banking solution provider Syncordis-SA.

Asian stocks edged up, extending their recent gains after US stocks hit fresh records Friday. Major indices are up gradually with Nikkei 225 hitting a 26-year high.

Rupee: The Indian rupee was trading at 64.44 per dollar, down 0.11 percent from its last close of 64.37. It opened at 64.46 per dollar on Tuesday.

Gold: COMEX Gold is currently quoting at USD 1251.60, up marginally on the day. MCX Gold futures are being traded at Rs 28,470 per 10 grams, down 0.22 percent on the day.

Unitech shares rise 20% as NCLT allows govt to appoint 10 directors

Shares of Unitech Limited rose 20 percent in morning trade Monday, after the NCLT authorized the government to appoint its 10 nominees on the board of the realty firm. 

Shares of Unitech Limited opened on a bullish note today at Rs 8.40, and subsequently rose to a high of Rs 8.70, clocking a jump of 19.34 percent over its previous closing price on the BSE. Similar progress was also registered on the NSE, where the stock opened at Rs. 8.40 and touched a high of Rs 8.70, up by 19.47 percent over its last close.

The NCLT (National Co. Law Tribunal) on Friday dismissed the board of Unitech Limited while hearing the central govt’s plea to take control of the real estate company and directed the ministry of corporate affairs to nominate ten directors to the board.

Share and Stock Market tips- Weekly stock Watch

The BSE Sensex rebound 417.36 pts for the week to reclaim 33-K level to finish at 33,250.30, while the NSE Nifty ended above the key 10,250 level to conclude at 10,265.65 on the week ended Friday, 8 December 2017.

 The week started with a caution due to 2-day RBI monetary policy meet together with the first phase of Assembly elections in Gujarat. Further, RBIs status-quo in policy rate and inflationary concerns affected the sentiments of investors. Bulls continued buying by domestic funds and retail investors ahead of first phase of Assembly elections in Gujarat, which is PM Modi’s home state.

The Sensex kicked off the week higher at 33,968 levels and hovered between 33,285 and 32,565 marks before ending the week at 33,250.30, showing a gain of 417.36, or 1.27%. The Nifty also carried on the week higher at 10,175.05 and traded at 10,270.85 & 10,033.35 ranges to finish at 10,265.65, showing a rally of 143.85 points, or 1.42%.

Buying momentum picked up in sectors such as Consumer Durables, FMCG, O&G, Teck, Auto, Realty, IT, HealthCare, PSUs, Metal, Banks, Capital Goods and Power. Consumer durable sectors jumped by 2.72%, FMCG 2.70%, O&G 2.68%, teck 2.61%, IT 2.05%, auto 1.48%, realty 1.36%, healthcare 1.21%, metal 0.76%, capital goods 0.74%, and power 0.26%.

Bharti Airtel jumped 8.02%, followed by HUL 5.21%, Maruti 5.03%, Infosys 4.49%, Tata Motors 2.98%, ITC 2.51%, Tata Steel 2.37%, Tata Motors DVR 2.14 %, ICICI Bank 1.74% and Axis Bank 1.66%. However, Coal India fell by 2.75%, followed by Hero MotoCorp 2.60%, Wipro 2.14%, Dr Reddy 2.03 %, M&M 1.44 % and TCS 1.12%.

Bharti Airtel adds over Rs 10,000 crore in market cap

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Shares of Bharti Airtel advanced more than 7% in the late afternoon trades on Thursday. Following the massive surge in the stock prices of Bharti Airtel, it topped in Sensex and Nifty constitutes, simultaneously. The stock of Bharti Airtel gained at 7.11% to Rs 518.4 on BSE whereas it spiked 7.24% to Rs 518.5 on NSE.

With a huge surge in the share prices of Bharti Airtel, the market capitalization (M-Cap) of the company got an admiration of Rs 13,771.04 crore to Rs 2,07,225.22 crore from Rs 1,93,454.18 a day earlier. Shares of Bharti Airtel settled up 6.94% at Rs 517.00 on NSE, on closing today.

Meantime, the key benchmark Sensex & Nifty opened almost unchanged in green but soon extended the gains on Thursday on the back of value buying after an eight-day negation which led the key benchmark indices to drop by 3 percent. On closing, BSE Sensex jumped 352.03 points or 1.08% at 32,949.21 45 while NSE Nifty edged up 122.60 points or 1.22% to 10,166.70.

Gold declines below Rs. 30-K-mark on weak global cues

Gold prices slips below the Rs. 30,000-mark on Thursday, going down  by Rs. 100 to trade at over 3-month low of Rs. 29,950 per 10 grams at the bullion market on account of  a weak trend overseas along with muted demand from local jewelers. Similarly, price of Silver also plunged Rs. 375 to Rs. 38,125 per kg owing to reduced off-take by industrial units and coin makers. Globally, the rates of gold fell 0.45 percent to USD 1,257.10 an ounce and silver by 0.31 percent to USD 15.87 an ounce in Singapore.

In New Delhi, gold of 99.9% & 99.5% purity declined by Rs. 100 each to Rs. 29,950 and Rs. 29,800 per 10 grams, each. The yellow metal had lost Rs. 200 on Wednesday, while Sovereign followed suit and fell by Rs. 100 to Rs. 24,400 per piece of 8 grams.

Silver ready dropped by Rs. 375 to Rs. 38,125/ kg and weekly-based delivery by Rs. 440 to Rs. 37,335/kg.  Silver coins also dipped by Rs. 1,000 at Rs. 71,000 for buying and Rs. 72,000 for selling of 100 pieces.

RBI keeps key policy rate unchanged at 6%

The Reserve Bank of India (RBI) monetary policy committee (MPC) on Wednesday kept the repo rate unchanged at its 5th bimonthly MPC meeting, given the warning over rising inflation.

The result was along the lines of the majority of market expectation, which anticipated the RBI to keep the key repo rate (the rate at which it infuses liquidity in the banking system) unchanged at 6 percent.

In the preceding meeting in October, the RBI had maintained status quo on rates. Since then, inflation based on the consumer price index (CPI) has grown to 3.58 percent, the fastest pace in 7 months, owing rising food and fuel prices.

Future Supply Chain raises Rs. 195 cr, from anchor investors::

Future Group’s logistics arm Future Supply Chain Solutions has announced that it has garnered Rs. 195 crore ahead of its IPO that opens on Wednesday.

The IPO clocked allocation of over 29.35 lakh equity shares to 16 anchor investors at Rs. 664 share apiece, the upper end of the price band of Rs. 660-664. The Anchor investors consist of HDFC Trustee Company., Reliance Capital Trustee Company Ltd, L&T M.F and IDFC M.F.

The IPO is a combine of fresh issuance of shares by promoters Future Enterprises Ltd, which will lead to a dilution of 4.43% of their stake, and an  OFS by private equity investor Griffin Partners aggregating to 20% of equity.

Future Supply Chain Solutions Limited (FSC) is an Indian supply chain and logistics company catering to corporates in various domains such as Food and FMCG; Apparels, Footwear and Accessories; Home and Furniture, Automotive, Pharma and Light Engineering and much more.

NSE May Refile IPO Papers with Sebi

The National Stock Exchange (NSE) is expected to file fresh draft red herring prospectus (DRHP) with markets regulator Sebi to float an initial public offering (IPO) after getting clarity on the co-location matter.   However, the preliminary IPO papers, which has been filed with Sebi in December last year, will remain open, the exchange said.

The Initial Public Offering of NSE is being eagerly awaited in the market as one of the largest in recent times, which is having an estimated size of over Rs. 10,000 crore. Bombay Stock Exchange (BSE) also got listed in February month. The regulatory authorities stated the exchange will have to file fresh DRHPs as issues related to co-location case have held up regulatory go-ahead for its earlier proposal and Sebi wants greater disclosure about the matter in the draft red herring prospectus (DRHP).

The regulatory authorities said the exchange will have to file fresh draft herring papers as issues concerning to the algorithmic trading case have held up regulatory approval for its earlier proposal and the regulator wants greater disclosure about the matter in the DRHP.

Sensex snaps Four-day drop on value buying

The key benchmark indices Sensex, Nifty settled with small gains on first trading session of the week after seeing volatility in intraday trade. The Sensex rose 36.78 points to end at 32,869.72 on value-buying in IT, teck, metal and healthcare stocks. The Nifty of National Stock Exchange inched up 5.95 points, or 0.06%, to 10,127.75 points

A highly volatile trading was seen all through the session ahead of RBI's monetary policy review and Gujarat elections later this week. The RBI is scheduled to announce the fifth bi-monthly policy of the current fiscal on Dec 6.

After a strong pick up at 32,968.02, the benchmark index Sensex reclaimed the 33,000-level to hit a high of 33,008.62 points, but profit- booking at high levels capped the gains and it finally settled at 32,869.72, up 36.78 points, or 0.11%.

The gauge had tanked 891.50 points in the proceeding four sessions as upbeat Q2 GDP numbers failed to dispel concerns over a widening fiscal deficit.

FIIs invested USD 3 billion in equities in November

Foreign institutional investors (FIIs) invested three billion dollars in Indian equities in November, which marks as the highest since March. The net November Foreign investor’s investment of USD 3.05 billion is the highest since the USD 5.1 billion in March. Their net investment so far this year stands at USD 8.86 billion.  This jump is attributed on the recapitalization of banks coupled with, global risk-on trade.

On 24 October, the govt announced a Rs. 2.11 trillion bank recapitalization plan for state-run lenders weighed down by bad loans, seeking to motivate the flow of credit.

Foreign institutional investment is used commonly in India to refer to outside companies investing in Indian financial markets.

Reliance Power Limited inks accord for USD1 billion power projects in Bangladesh

Reliance Power Limited, the part of the Reliance Anil Dhirubhai Ambani Group, has announced that it has signed an agreement to execute first phase of a USD 1 billion power project, which consists of 750 MW combined cycle gas-based power plant, in Bangladesh.   The company also announced that the project entails an investment outlay of over USD 1 billion, which is also the largest foreign direct investment in Bangladesh. 

On Friday, shares of Reliance Power Ltd closed at Rs 37.45, down Rs 0.55, or 1.45% on the NSE. The scrip opened at Rs 38.80 and touched a high of Rs 38.80 and a low 37.30. The stock attracted a traded volume of 29,78,171 shares on National Stock Exchange.

Reliance Power Limited is India's leading private sector power generation and coal resources Company. The company has the biggest portfolio of power projects in the private sector, based on coal, gas, hydro & renewable energy, with an operating capacity of 5,945 megawatts.

Future Supply Chain Solutions come out with IPO on Dec 6

Future Supply Chain Solutions (FSC) Ltd,  on Wednesday announced that it will hit the capital markets on December 6 with an IPO of up to 97,84,570 equity shares of face value of Rs. 10 each for cash.

The price band of the issue is fixed from Rs 660 - Rs 664 per equity share.  The issue has on offer equity shares for sale of upto 78,27,656 of Griffin Partners Limited and upto 19,56,914 of the Future Enterprises Ltd’s promoter.

CLSA India, Edelweiss Financial Services, IDFC Bank, IIFL Holdings Nomura, and YES Securities are the bankers to the issue.

Future Supply Chain Solutions Limited is one of India’s largest organized third-party supply chain & logistics Service Company offering automated and IT-enabled ware-housing, distribution & other logistics solutions across India.

The IPO by Reliance Nippon Life Asset management subscribed 4.85 times on Second day

The IPO of Reliance Nippon Life Asset management (RNAM), having been fully subscribed on first day of the bidding process, carried on to see investor demand, as the issue got 4.85 times subscription by on Thursday mid-noon hours. Starting 12.30 pm, the IPO got bids for 211,399,301 shares against the total issue size of 42,840,000 shares, as per Exchange data.

The price band of the issue was fixed Rs 247-252 and the minimum bid lot at 59 equity shares. The quota for all investor divisions including retail individual investor’s was fully subscribed.

Reliance Nippon has priced its shares in a band of Rs. 247-252 per share. The offer will close on 27 Oct. The Rs. 1,542 crore IPO consists of a fresh issue of shares worth Rs. 617 cr.