Experts Financial News

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On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE. The allotment status can also be checked by visiting the official website of the registrar to the issue which is Skyline Financial Services in this case. Step 1: Visit the IPO Allotment Status page on Skyline Financial Services website Step 2: Select IPO from the dropdown Step 3: Put the application number and enter captcha and 'Submit'. Also Read: 5 expected IPOs in January that will spark primary market momentum in 2024

Foreign portfolio investors (FPI) made record monthly purchases of Indian equities totalling 661.35 billion rupees ($8 billion) in December, National Securities Depository data showed. The record buying propelled India's stock benchmarks, Nifty 50 and Sensex, to fresh all-time highs. FPIs bought shares worth 427.33 billion rupees in the first half of December, marking a fortnightly record, driven by lower U.S.

On the last day of 2023, the President issued a gazette notification for the appointment of the 16th Finance Commission. While there was a lot of interest in the announcement, an omission in the other end of the public finance continues to attract no attention. States are not appointing finance commissions (SFC).

Penny stock under ₹10: After the announcement of capacity expansion and acquisition of new land, Vikas Lifecare shares witnessed strong buying interest in early morning deals on Thursday. Vikas Lifecare share price today opened upside and went on to touch an intraday high of ₹6.10 apiece levels on NSE, logging an intraday gain of around 18 per cent against its Wednesday close of ₹5.15 per share.

PI Industries Ltd. traded 0.83 per cent lower in Thursday's session at 01:23PM (IST). The stock opened at Rs 3488.6 and has touched an intraday high and low of Rs 3488.6 and Rs 3419.65, respectively, during the session so far.

Avenue Supermarts Ltd. traded 0.81 per cent lower in Thursday's session at 01:29PM (IST). The stock opened at Rs 3965.0 and has touched an intraday high and low of Rs 3965.0 and Rs 3890.0, respectively, during the session so far.

Bandhan Bank reported a growth of 18.6 per cent in its loans and advances during the third quarter ending December 31 at Rs 1,15,964 crore. In a regulatory filing on Thursday, the Kolkata-based bank said the figure stood at Rs 97,787 crore during the year-ago period.

On Thursday, realty stocks jumped up to 19% with Sobha taking the lead. The soared jumped on a favourable view by Motilal Oswal which has picked the counter as its top bet for CY2024. Others including Godrej Properties, Lodha, DLF, and Swan Energy traded up between 9% and 2% around 12:15 pm. Also Read: Sobha shares jump over 19%, hit 52-week high. Here's why https://economictimes.indiatimes.com/markets/stocks/news/sobha-shares-jump-over-19-hit-52-week-high-heres-why/articleshow/106536137.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst The Nifty Realty index was the top performing index on the day with all the stocks trading in the green.

stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not.

Info Edge (India) Ltd. gained 0.23 per cent to Rs 5098.75 in Thursday's trade as of 01:39PM (IST). The stock hit a high price of Rs 5141.65 and low of Rs 5060.0 during the session.

Pidilite Industries Ltd. traded at Rs 2765.45 on BSE at 01:44PM (IST) on Thursday, down 0.26 per cent from previous close. The stock quoted a 52-week low price of Rs 2250.85 and a high of Rs 2789.55.

Premature withdrawal rules of 10 post office schemes: PPF, NSC, Senior Citizens Savings Scheme, Mahila Samman Savings Certificate

BSE on Thursday, January 4. NTPC share price opened at ₹310.60 against its previous close of 306.25 and jumped 5 per cent to hit its fresh record high of ₹321.70. NTPC share price has witnessed strong gains in the last one year.

₹55 apiece levels, shares of Ircon International Ltd have been climbing to new peaks regularly. In the last nine months, Ircon share price has ascended from ₹55 to ₹190 apiece levels, delivering to the tune of 250 per cent to its positional shareholders.

Lupin share price with gains of more than 1% in morning trades scaled 52-week highs on Thursday. The stock has gained more than 90% in the last year helped by improved earnings outlook being driven by new launches and a strong pipeline of products for the US markets. The US performance of Lupin has regularly seen an uptick led by lower competitive intensity being faced by its base business and strong performance by new launches.

Torrent Power shot up over 13% to hit their 52-week high of Rs 1,059 on the NSE in Thursday's early trade after the company informed exchanges about signing a Memorandum of Understanding (MoU) of Rs 47,350 crore with the Gujarat government for setting up solar and hybrid power projects. This comes as part of the investment promotion activity for Vibrant Gujarat Global Summit 2024, the company filing on Wednesday, said. Under the MoU, the company will be setting up 3,450 MW of solar power projects along with 1,045 MW of Hybrid Power Projects and associated infrastructure for a 7,000 MW solar project, green hydrogen / green ammonia production facility, and capex for the distribution network. The price action was supported by strong volume action as 30.32 lakh shares traded on the NSE around 10 am. Meanwhile, the stock also saw a spurt in volumes by 2.41 times on the BSE. The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs).

On the BSE, JLAInfraville&Shop(down 10.00 per cent), Fraser & Company(down 9.64 per cent), Shanti Guru Industri(down 8.61 per cent), Pratiksha Chem(down 8.18 per cent) and Infronic Sys(down 8.10 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 30 stocks traded in the green, while 20 stocks traded in the red.

Ministry of Finance has announced the interest rate for the General Provident Fund (GPF) and other similar provident fund initiatives for January- March 2024 quarter. According to the resolution released by the Department of Economic Affairs (DEA), Ministry of Finance on January 2, 2024, It is announced general information that during the year 2023-2024, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f. 1 January, 2024 to 31th March, 2024. This rate will be in force w.e.f. 1 January, 2024.” The government has kept the interest rate on GPF and linked funds constant for this quarter of 22024. The funds concerned are: 1. The General Provident Fund (Central Services). 2. The Contributory Provident Fund (lndia). 3. The All lndia Services Provident Fund. 4. The State Railway Provident Fund. 5. The General Provident Fund (Defence Services). 6. The lndian Ordnance Department Provident Fund' 7. The lndian Ordnance Factories Workmen's Provident Fund. 8. The lndian Naval Dockyard Workmen's Provident Fund. 9. The Defence Services Officers Provident Fund. 10. The Armed Forces Personnel Provident Fund.

Siemens Ltd. traded 0.96 per cent up at Rs 4121.95 on Thursday at around 11:21AM (IST), while the benchmark BSE Sensex advanced 475.46 points to 71832.06. As many as 2,203 shares changed hands on the counter with a total value of Rs 0.91 crore.

The NSE Nifty index traded 117.0 points up at 21634.35, while BSE Sensex was up 440.35 points at 71796.95 as of 10:39AM(IST)on January 04. In the Nifty index, NTPC Ltd.(up 3.44 per cent), Bajaj Finance Ltd.(up 3.20 per cent), Tata Consumer Products Ltd.(up 2.58 per cent), Oil And Natural Gas Corporation Ltd.(up 2.44 per cent) and IndusInd Bank Ltd.(up 2.28 per cent) were among the top gainers.