India’s weightage climbs to record high on MSCI Global Standard index

India’s weightage climbs to record high on MSCI Global Standard index

BENGALURU – Index provider MSCI raised India‘s weightage in its Global Standard (Emerging Markets) index to a historic high of 18.2% following its February review, and the changes will come into effect after market close on Feb. 29. India’s weightage in the index has nearly doubled since November 2020. The climb can be attributed to … Read more

Ahead of IPO, Protean eGov Tech collects Rs 143 crore from anchor investors

Ahead of IPO, Protean eGov Tech collects Rs 143 crore from anchor investors

Protean eGov Technologies (formerly known as NSDL E-Governance Infrastructure) on Friday said it has mobilized a little over Rs 143 crore from anchor investors, days before its initial public offering (IPO). The company has allotted 18.12 lakh equity shares to 18 funds at Rs 792 apiece, which is also the upper end of the price … Read more

No Monday Blues! 10 PSU bank stocks hit 52-week highs, surge up to 14%

No Monday Blues! 10 PSU bank stocks hit 52-week highs, surge up to 14%

State-run Indian Overseas Bank (IOB) shares shot up nearly 14% on Monday to their 52-week high of Rs 45.15 amid a strong rally in public sector banks. Nifty PSU Bank was the top-performing index in an otherwise dull session. IOB was followed by UCO Bank, which was up nearly 7% around 10 am. It hit … Read more

NSE Indices changes criteria to calculate price-to-book value for indices

NSE Indices changes criteria to calculate price-to-book value for indices

The price-to-book value (P/B) for indices on the National Stock Exchange will be calculated based on the networth of each index constituent at the consolidated level in the annual financials, NSE Indices, a subsidiary of the exchange, said in a release on Thursday. Currently, the P/B for indices are calculated by taking into consideration the … Read more

Life insurance, MF JVs ready to list in 18 months, hive-off can unshackle cards: Canara Bank

Life insurance, MF JVs ready to list in 18 months, hive-off can unshackle cards:  Canara Bank

Canara Bank expects its mutual fund and insurance joint ventures to apply for their IPOs over the next 18 months as the other shareholders have agreed in principle to the listing plan, its managing director K Satyanarayana Raju has said. In an interview with Atmadip Ray, Raju also said the bank’s move to spin off … Read more

Q4 results this week: ITC, SBI, Zomato, IndiGo, Indian Oil, Airtel and others

Q4 results this week: ITC, SBI, Zomato, IndiGo, Indian Oil, Airtel and others

The fourth quarter earnings season is in the last leg and the Street is awaiting numbers from some of the top PSU companies and other index heavyweights including Airtel and ITC. Indian Oil, ITC, IndiGo, SBI, Zomato are among a slew of companies that are set to announce their fourth quarter results. So far, results … Read more

Bank stocks rejoice RBI’s pause on rate hikes; should investors join the party?

Bank stocks rejoice RBI’s pause on rate hikes; should investors join the party?

The unexpected move by the Reserve Bank of India (RBI) to leave interest rates unchanged bolstered Dalal Street bulls who were reeling under the global economic and financial uncertainties. The Nifty Bank outperformed Nifty50 and moved past the 41,200-mark. The banking sector gauge rose for the 7th straight session, and this is the longest winning … Read more

Q3 results this week: L&T, Bajaj Finserv, Sun Pharma, Tech Mahindra, Ashok Leyland and others

Q3 results this week: L&T, Bajaj Finserv, Sun Pharma, Tech Mahindra, Ashok Leyland and others

Various widely tracked companies like L&T, Bajaj Finserv, Sun Pharma, Coal India, Tech Mahindra, Britannia, Ashok Leyland and Jubilant FoodWorks would be releasing their December quarter report cards this week. Here’s a list: January 30 Larsen & Toubro, Bajaj Finserv, Tech Mahindra, Bharat Petroleum Corporation, Bajaj Holdings & Investment, GAIL, SRF, , REC, Laurus Labs, … Read more

32 smallcap stocks give double-digit weekly returns as Sensex ends in red

32 smallcap stocks give double-digit weekly returns as Sensex ends in red

Benchmark indices posted their biggest weekly losses in more than three months, but 32 smallcap stocks managed to give high double-digit returns with public sector banks leading the list. Shares of , The Jammu & Kashmir Bank, Central , and Punjab & rose more than 16-45% in the week ended December 9 and also scaled … Read more