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Voltas Ltd. traded 0.21 per cent up at Rs 1832.3 at 11:21AM (IST) on Wednesday, even as BSE benchmark Sensex gained 108.77 points to 82030.06. The stock had settled at Rs 1828.4 in the previous session. The stock quoted a 52-week high price of Rs 1845.25 and 52-week low of Rs 806.9, respectively. As per BSE data, total traded volume on the counter till 11:21AM (IST) stood at 7073 shares with a turnover of Rs 1.29 crore.

Suzlon Energy surged 5% to reach a day's high of Rs 81.95 on the NSE on Wednesday, marking the second consecutive session of gains and a total increase of over 10% in the two-day rally. The positive investor sentiment is driven by Morgan Stanley's overweight stance on the renewable energy sector. The stock was trading with strong volumes, with nearly 7.6 crore shares changing hands on the NSE around 10 a.m. The total traded value was Rs 617 crore. The stock is nearing its 52-week high of Rs 84.29.

Cholamandalam Investment & Finance Company Ltd. traded 1.23 per cent up at Rs 1526.1 on Wednesday at around 10:50AM (IST), while the benchmark BSE Sensex advanced 89.13 points to 82010.42. As many as 1,657 shares changed hands on the counter with a total value of Rs 0.26 crore.

passive funds. Around 42 index funds and 36 ETFs were launched in this year so far. 3 of 3,763MF: pl fileInboxAnkur Singh 10:45 AM (9 minutes ago)to me, Anushka, MeghnaByline — Surbhi KhannaAgency — ET OnlinePublish section — MF AnalysisContent filter — strategiesKeywords: mutual funds, mutual fund news, passive funds, equity mutual funds, index funds, ETFs, large cap funds, small cap funds, thematic funds, sectoral fundSynopsis: Mutual fund houses in 2024 have launched around 170 new funds, with a significant focus on passive schemes like index funds and ETFs. Experts suggest investors consider large-cap passive funds due to their lower expense ratios, while cautioning about the risks associated with sectoral and thematic funds.Why mutual funds are bullish on passive schemes. Should you follow suit?The mutual fund houses in 2024 so far have launched around 170 NFOs to complete their bouquet of offerings. A further analysis of data showed that out of these new launches maximum were passive funds. Around 42 index funds and 36 ETFs were launched in this year so far. Mutual funds are allowed to launch only one active fund in each category. So to increase the assets under management of the fund house, new passive funds are launched with different variants.

Vedanta Resources (VRL) on Tuesday launched its dollar bond issue at a final price guidance of 10.875% and has an order book of $1.6 billion. The proceeds will help refinance bonds of $470 million due in 2027 and $1 billion due in 2028, with both carrying an interest rate of 13.875%, potentially cutting funding costs by over 300 basis points (3 percentage points).

State Bank of India (SBI) is likely to raise up to ₹7,500 crore through the issuance of tier-2 bonds next week to meet burgeoning credit demand that has persistently run ahead of deposit accretion by lenders. «They (SBI) are likely to carry out a tier-2 bond sale for up to ₹7,500 crore with a base size of ₹3,500-4,000 crore and the remainder through a greenshoe option. Bidding for the bond sale is likely to take place on September 18 and the pay-in would be on September 19,» a source aware of the developments said to ET.

Aditya Birla Fashion and Retail (ABFRL) Balrampur Chini, Bandhan Bank, Biocon, Chambal Fertilizers & Chemicals, Hindustan Copper and RBL Bank. The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

Nifty future closed positive with gains of 0.45% at 25097 levels on Tuesday. India VIX was down by 6.18% from 14.24 to 13.36 levels. On the options front, the maximum Call OI is placed at 26,000 and then towards 25,100 strikes while the maximum Put OI is placed at 25,000 and then towards 24,600 strikes.

Avalon Technologies with a target price of Rs 630. The current market price of Avalon Technologies Ltd. is Rs 522.15. Avalon Technologies Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 3449.30 Crore) operating in General sector.

Cyient DLM with a target price of Rs 880. The current market price of Cyient DLM Ltd. is Rs 702.4. Cyient DLM Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 5553.01 Crore) operating in General sector.

franchise partner Varun Beverages announced September 12 as the record date for its 2:5 stock split, which means that the stock will trade on an ex-split basis from tomorrow. This means that the shareholders whose names appear in the company's database on the record date are eligible for the said stock split.

SJVN, which was recently elevated to a Navratna status by the government, along with 20 other companies, is likely to remain in focus today as they have set September 12 as the record date to determine shareholders eligible for dividend payments. This means today is the last day to buy shares of these companies to qualify for the announced dividends.

Reserve Bank of India (RBI) has been carrying out a nimble balancing act over the past couple of months to ensure exchange-rate stability, supplying dollars in a broader trade deficit environment, but not allowing the rupee to breach the psychologically crucial 84 mark to a dollar. Over the past month-and-a-half, the rupee has hit new lows versus the dollar on several occasions as speculation about a growth slowdown in the US has sparked risk aversion, weakening global investor appetite for emerging market currencies.

Mint has seen a copy of the Axis Bank contest announcement as well as relevant portions of the regulator's observations. “We are proposing a contest to build momentum, particularly in Q2 and Q3 — which is (the) most challenging period of the year — for the overall business and to motivate the sales team to deliver superlative performance during (the) contest period," an Axis Bank internal note said in October.

Signs of angst are already mounting. A three-month measure of implied volatility for a key Bloomberg dollar gauge is near its highest mark since the March 2023 banking crisis. Equities’ so-called fear gauge is once again on the upswing after surging amid the market tumult of early August. Fixed-income traders are also weathering more turbulence, as mixed economic signals complicate bets on the scope and timing of Federal Reserve interest-rate cuts.

This issuance comes at a time when banks have been aggressively mobilising capital through debt markets this year as credit growth remains much higher than deposit growth. Banks and financial institutions raise money through infrastructure bonds to finance long-term infrastructure projects. Indian Bank plans to raise funds for refinancing purposes.

₹1,100 crore. The price band has been set at ₹456 to ₹480 apiece, with a fresh issue component of up to ₹850 crore, which will be used to fuel expansion in Maharashtra and reduce debt. With a robust brand and a multichannel approach, PNG is well-positioned to capitalize on India's growing appetite for jewellery.

capital on Tuesday on the back of fresh buying from jewellers. In the previous session, the precious metal of 99.9 per cent purity had closed at Rs 73,500 per 10 grams on Monday. Silver prices, too, jumped Rs 700 to Rs 84,500 per kilogram from Rs 83,800 per kg in the previous close, according to the All India Sarafa Association.

DCM Shriram Industries Ltd.(up 5.10%), Ponni Sugars(Erode)Ltd.(up 3.24%), Ugar Sugar Works Ltd.(up 2.77%), Sakthi Sugars Ltd.(up 2.56%), Bajaj Hindusthan Sugar Ltd.(up 1.42%), Mawana Sugars Ltd.(up 1.38%), Balrampur Chini Mills Ltd.(up 1.24%), Shree Renuka Sugars Ltd.(up 1.07%), Dwarikesh Sugar Industries Ltd.(up 1.06%) and Vishwaraj Sugar Industries Ltd.(up 0.76%) stood among the top gainers.

Tata Power Company Ltd.(up 6.59%), SJVN Ltd.(up 5.87%), Suzlon Energy Ltd.(up 5.00%), Ravindra Energy Ltd.(up 5.00%), GE T&D India Ltd.(up 4.91%), CESC Ltd.(up 4.67%), Hitachi Energy India Ltd.(up 4.08%), RattanIndia Power Ltd.(up 3.77%), Inox Wind Ltd.(up 3.19%) and NLC India Ltd.(up 3.03%) stood among the top gainers.