Tutorials

Bulls fuelled a pullback rally on Tuesday as Indian equity markets reversed the previous session’s losses to gain over 2 percent on the back of positive global cues. Frontline indices witnessed a massive buying interest today as Sensex zoomed nearly 1300 points and Nifty 50 settled above 17250. The BSE Sensex closed 2.25 percent higher at 58,065, while Nifty50 ended 2.29 percent up at 17,274. “Nifty smartly broke out upwards after sideways consolidation. It will Read More

Manufacturer of LED lighting solutions IKIO Lighting Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue of equity shares worth up to Rs 350 crore and an offer-for-sale (OFS) of up to 75 lakh equity shares by promoters — Hardeep Singh and Surmeet Kaur, according to the draft red herring prospectus (DRHP). Proceeds from the fresh issuance worth Read More

Gautam Adani-led Adani Enterprises will become part of Nifty 50 from Friday, 30 September, in NSE’s upcoming semi-annual index rejig. Adani Enterprises will replace Shree Cement from the 50-stock index. This is the second Adani stock to be included in the Nifty 50 index after Adani Ports and Special Economic Zone. Apart from Nifty 50, changes have been announced in Nifty Next 50, and Nifty IT. Adani group has seven established listed entities, including Adani Read More

India has deferred the planned inclusion of the government bonds in the JP Morgan emerging market global index to next year, as was being speculated on the street. The bond inclusion in the global index may have been pushed back to early 2023, as the Government of India still needs to address various operational issues, Reuters reported citing unidentified sources. Earlier, Goldman Sachs and Morgan Stanley had predicted the bond index inclusion would happen only Read More

Public sector firm WAPCOS Ltd has filed preliminary papers with capital markets regulator Sebi to float an Initial Public Offering. The public issue will be a complete Offer For Sale (OFS) of up to 32,500,000 equity shares by the promoter, the Government of India, according to the Draft Red Herring Prospectus (DRHP). WAPCOS provides consultancy, and engineering, procurement, and construction services in the field of water, power, and infrastructure sectors. It comes under the Ministry Read More