Booking Financial News

Nifty ruled at 21899.25, down 155.8 points. The scrip had closed at Rs 926.35 in the previous session. The stock quoted a 52-week low of Rs 557.15 and a high of Rs 1049.75. The company quoted a market-cap of Rs 74420.0 crore on the BSE.

Ajay Bagga, Chairman, Elyments Platforms, says “wherever there is a compliance whiff also I think you are best served by sticking to the straight and narrow. If you want to take that kind of risk on smallcaps that is okay, on a 30-stock portfolio you say okay 2% or 5% I will risk on a couple of smallcap stocks but in a centre of plate or large companies to see governance issues or compliance issues, that becomes a very big red flag and especially in India. When you have so many alternatives, why go down that route?” What is happening to the markets? We reached fresh high levels and then this sudden bout of profit booking comes in. Do you think we are close to the top for the year or at least for the first half of the year? Ajay Bagga: Difficult to say that. But I think the big trend is that foreign investors have been selling as a cohort. Within that, there are different types of investors, of course. But FII selling is one characteristic of this market.

The former wealth head of First Republic Bank, one of the casualties of last year’s regional banking crisis, has entered into a partnership with Boston-based private equity firm Summit Partners as he seeks to launch a new RIA.

Sensex settled 434 lower at 72,623 and the broader Nifty also paired all its intraday gains before closing 141.9 points down at 22,055. Stocks that were in focus included names like Campus Activewear, which rose 3.24%, Devyani International, which increased 1.24%, and Hindalco, whose shares closed flat on Wednesday.

(Reuters) — Royal Caribbean (NYSE:RCL) Group on Wednesday raised its annual profit forecast as the company benefits from strong cruise demand during the key 'wave season' and robust on-board spending.

₹3.94 trillion. PSUs are asset rich for one. There’s been favourable revaluation of these assets (land, plant and machinery) given the exorbitant cost of replacing these at current prices.

Juniper Hotels IPO: The initial public offering (IPO) of Juniper Hotels received a tepid response from investors on the first day of subscription. Not much enthusiasm was expressed by the retail investors, and there was very little response from non-institutional investors (NIIs), while the portion reserved for qualified institutional buyers (QIBs) was left unsubscribed.

₹83 to ₹87 per share, with a face value of ₹10. Investors can bid for a minimum of 1600 shares and in multiples thereof. The minimum lot size for an application is 1600 shares.

₹157.54 crores from anchor investors ahead of its initial public offering that opens for public subscription on Thursday, February 22, 2024. The company informed the bourses that it allocated 84,69,996 equity shares at ₹186 per share on Wednesday, February 21,2024, to anchor investors. Also read: GPT Healthcare IPO opens tomorrow: GMP, issue details, 10 key things to know before investing in ₹525-crore issue Foreign and Domestic Institutions who participated in the anchor were Kotak Mutal Fund, Axis Mutual Fund, Bandhan Mutual Fund, Aditya Birla Life Insurance, Societe Generale, Duro One Investments Limited, India Capital Growth Fund, Copthall Mauritius, LC Pharos Multi Strategy Fund, Subhkam Ventures and DE Shaw.

Oyo said on Wednesday it has launched Wizard Shark, a new 'limited-edition' loyalty programme, following the debut of its founder and group CEO Ritesh Agarwal on the reality series Shark Tank India. The company said priced at Rs 1, the programme comes with benefits, including guaranteed discounts, upgrades and rewards. Customers can avail a free night's stay after seven room nights, an additional 5% discount on Oyo's network of over 3,800 Wizard hotels in India, as well as other rewards in the form of Oyo money under Wizard Shark. Valid for three months, the programme offers free membership renewal.

BSE Sensex ended lower by 434.31 points or 0.59% at 72,623.09 level while the Nifty 50 closed at 22,055.05 level, down 141.90 points or 0.64%. On the broader market front,the Nifty Small Cap 100 dropped 1.04% and the Nifty Midcap 100 indexes was down by 1.25%.

₹56.25 crore worthAtmastco IPO opened for public subscription on February 15 and ended on February 20. The issue was booked 17.61 times against its offer size. Atmastco IPO allotment is likely to be finalised on Wednesday, February 21.

CBSE Class 12 Board Exam 2024: The Central Board of Secondary Education (CBSE) class 12 exams are scheduled to begin tomorrow, February 22, with the English paper. English is the common subject for all streams, be it science, commerce or humanities. The subject is considered to be among the highest-scoring exams and has the potential to improve the overall Cumulative Grade Point Average (CGPA) significantly.

Ambuja Cements Ltd. traded at Rs 591.8 on BSE at 12:22PM (IST) on Wednesday, up 0.5 per cent. The stock quoted a 52-week low price of Rs 324.3 and a high of Rs 596.5. Earlier in the day, the stock saw a gap up opening.

₹1000 for 15 Kg on domestic flights and ₹1300 for 20 Kg on international flights. Taking to X, Air India Express wrote, “#LightenUp your journeys with Xpress Lite - Introducing special cabin bag-only fares! Save More, No Queue, Enjoy 7 kgs cabin baggage, and pre-book an additional 3 kgs for free" In a press release, the airline stated, “Xpress Lite fares enable guests who prefer travelling without check-in baggage to make the most of fares which are lower than regular fares.

Dipan Mehta, Director, Elixir Equities, says “it is fantastic that the thunder is missing in the market because if the market goes up quietly, then one can certainly say that the froth is not there and the risks are lower. But we are seeing a lot of liquidity coming in. The thunder is missing because a lot of money is coming through institutional managers, especially mutual funds or through portfolio managers. So, the percentage of professionals managing the money compared to just raw retail coming to the market is significantly higher in this bull market than ever before.” I specifically want to talk to you about Union Bank, if you track that one, because I think it is the second QIP that the bank is doing within a matter of 8-10 months. Dipan Mehta: Union Bank is following a very sensible strategy while the going is good and there is much interest in banking stocks and the performance also has improved. They are using this opportunity to shore up their capital and eventually that will translate into higher growth rate because higher capital adequacy will enable them to drive their credit book as well and they will be able to utilise the entire brand and the distribution network to perhaps lend more.

ICSE Class 10 Board exam will begin at 11 am-1 pm. In addition to the time Indicated on the Timetable for writing the paper, 15 minutes time is given for reading the question paper. The question paper may be distributed to candidates at 10:45 a.m.

American Airlines flights will have to pay more as the carrier has decided to raise the price of checking bags. The new rates will be applicable for travel tickets booked on or after February 20, as per a Reuters report. Passengers will now have to pay $35 to check their first bag for domestic flights if the service is booked online in advance, or $40 if they purchase the option at the airport, the carrier said. A second checked bag will cost $45 if purchased online or at the airport.

A Good Girl’s Guide to Murder, with details on its release date, cast, and what to expect from this thrilling mystery.

₹810 crores from anchor investors ahead of its initial public offering that opens for public subscription on Wednesday, February 21, 2024. The company informed the bourses that it allocated 2,25,00,000 equity shares at ₹360 per share on Tuesday, February 20, 2024, to anchor investors. Foreign and Domestic Institutions who participated in the anchor were Fidelity, Kotak Mahindra MF, Government Pension Fund (Norges), White Oak, Schroder, The Prudential Assurance Company(MNG), Invesco, ICICI Prudential Life Insurance, HDFC Life Insurance and Quant Mutual Fund.

France's highest civilian honour «Chevalier de la Legion d'honneur» at a ceremony on Tuesday. Author of several books and the Congress MP from Thiruvananthapuram, Tharoor was conferred the prestigious award at the French Embassy by French Senate President Gerard Larcher. The French government had announced the award for Tharoor, a former Union minister, in August 2022 but was conferred on him on Tuesday. «The highest French civilian award came in recognition of Dr Tharoor's tireless efforts to deepen Indo-French ties, commitment to international peace and cooperation, and as a long-standing friend of France,» a statement issued by the French Embassy said. Conferring the honour on Tharoor, Chairman of the French Senate Larcher said, «Through his outstanding career as a diplomat, author and politician, Shashi Tharoor has embraced the world with a thirst for knowledge and an intelligence that has led him to live several lifetimes in one, and all of them in service to India and a better world.»