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IPO) of Muthoot Microfin opened for subscription today and will be available for the public to bid till December 20. The company has bagged Rs 285 crore from 26 anchor investors ahead of the issue. The IPO comprises a fresh issue of Rs 760 crore and an offer-for-sale (OFS) of Rs 200 crore. Under the OFS, promoters Thomas John Muthoot, George Muthoot, Preethi John Muthoot, Remmy Thomas, and investor Greater Pacific Capital will offload shares. Muthoot Microfin is the fourth largest microfinance company in India in terms of gross loan portfolio. It is the third-largest in South India, with the largest in Kerala in terms of market share, and a key player in Tamil Nadu with an almost 16% share.

Zee Entertainment Enterprises Ltd (ZEEL) share price declined over 4% in early trade on Monday after the company sought more time from Sony Pictures Networks India to close their $10 billion merger. Zee shares fell as much as 4.07% to ₹266.05 apiece on the BSE.

₹6,000 crore in renewable power projects, targeting a capacity of 1,000 MW. The investment encompasses a diverse portfolio of solar and wind power projects strategically positioned across Gujarat and Rajasthan. The lineup includes a 600 MW Solar Power project and 150 MW Wind Power project in Gujarat and a 250 MW Solar Power project in Rajasthan, Ambuja Cements said in a regulatory filing on Monday.

global market cues. The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 21,482 level as compared to the Nifty futures’ previous close of 21,558.

Given the positive global and domestic set-up analysts believe positive momentum will continue with some consolidation in the second half of the week. We have collated a list of three stocks that either hit a fresh 52-week high, or an all-time high or saw a volume or a price breakout. We spoke to analysts on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Mitesh Karwa, Research Analyst Bonanza Portfolio Zensar Technologies Zensar Technologies is seen to be breaking out of a rounding bottom formation on the weekly timeframe with a bullish candlestick and above-average volumes which indicates bullish strength, adding to it, the stock is making higher high and higher lows and is trading above all its important EMAs.

RBI) has set Monday, December 18 as the date for premature redemption of SGB 2017-18 Series XII of the sovereign gold bond. The price for premature redemption is Rs 6,199 per gram. Premature redemption in the SGB scheme is permitted after the completion of the fifth year from the date of issue.

Both the NSE Nifty 50 index and BSE Sensex rose about 2.3% in the week, extending gains for the seventh consecutive week, marking their longest winning run since January 2018. IT companies, drawing a significant share of their revenue from the US, rallied 7.16% this week, logging their best week in 26 months. Here's how analysts read the market pulse: «The prevailing sentiment appears strongly in favor of the bulls, as indicated by the absence of any reversal signals on the technical charts. Resistance is observed at 21,500, while a potential further rally in the Nifty could occur upon breaching this level.

WhatsApp channels feature has received automatic album creation in the latest Android beta. The introduction of an automatic album feature in WhatsApp channels will bring a significant advantage to channel owners when it becomes available for the public.

artificial intelligence is taking over smartphones, it is important to understand how AI is infiltrating various apps and improving the user experience by making this easier and more personalised.

Muthoot Microfin has raised Rs 285 crore by selling part stake to anchor investors in the pre-IPO placement. The company has allocated 97,93,812 shares to 26 anchor investors. These include foreign portfolio investors like Morgan Stanley, Societe Generale, Copthall Mauritius Investment.

General Atlantic sold a nearly 10% stake in KFin Technologies through the open market on Friday, making a profit of Rs 851 crore. The private equity major sold 1,70,00,000 shares of the company at Rs 500.25 apiece, according to bulk deals data. Shares of KFin Technologies ended 3.2% down at Rs 514.75 on the NSE.

Nifty on Friday ended 274 points higher to new lifetime high highs and formed a green candle on the daily and weekly charts. Further upsides are likely once the immediate resistance of 2,1492 is taken out. Caution is however warranted for the near term as the 14-day RSI at 84.93 is in overbought territory. Thus, any short-term corrections can be utilized to buy into quality stocks, said Subash Gangadharan, senior technical and derivative analyst at HDFC Securities. The 14-week RSI is at 75.87, which implies that it is not extremely overbought and there is scope for more upsides in the intermediate term. Option data reveal heavy writing in 21,100 PE and 21,200 PE and addition in 21,400 CE and 21,500 CE. What should traders do? Here’s what analysts said:

US Federal Reserve. Among other major currencies, the euro and pound rose on Friday as the central banks in Europe stuck to their hawkish paths. The US dollar index, which measures the greenback's strength against a basket of six currencies, eased by 0.02% to 101.94, not far from the four-month low of 101.76 it touched on Thursday.

Also Read: PBOC's bold move: Injects $112 billion lifeline amid economic challenges The People's Bank of China (PBOC) said it was keeping the rate on 1.45 trillion yuan ($203.97 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.50% from the previous operation. With 650 billion yuan worth of MLF loans set to expire this month, the operation resulted in a net 800 billion yuan fresh fund injection into the banking system in December, booking the biggest monthly increase on record, Reuters reported.

Sensex beyond the 71,000 mark and making 21,000 the new pincode for Nifty, FIIs (foreign institutional investors) have been pouring in over Rs 3,900 crore daily on an average in December, making the 30-pack index stronger by 4,000 points so far in the month. NSDL data shows that in the first 10 days of the month, FIIs invested Rs 39,260 crore on Dalal Street. And now with the US Fed hinting at 3 rate cuts in 2024, the market could once again see a flood of foreign money chasing Indian stocks in the new year. The sharp uptick in FII flows comes after November's Rs 9,000 crore inflow and non-stop selling in September and October months. «This market has made a high despite the fact that we have yet to see significant FII inflows.

Metal stocks surged nearly 9% on Thursday amid fall in the dollar index after the US Federal Reserve kept rates unchanged while hinting at least three rate cuts next year. While it was okay to keep a positive view on the sector, a wait-and-watch strategy for now is the road forwards, told an analyst to ET Now. Dollar has declined 2.7% in the last three months, making dollar-priced commodities such as metals a lucrative buy for importers.

Texmaco Rail and Engineering jumped over 10% to hit a 52-week high of Rs 188.80 on the NSE after the company informed the exchanges about receiving an order for manufacturing and supply of 3,400 BOXNS wagons worth Rs 1,374.41 crore. The price action was supported by strong volume action with over 1.09 crore shares changing hands on the NSE around 10:10 am. Today's rally in Texmaco stock is its fourth in a row witnessing a rally for the fourth straight session. The multibagger railway counter has given returns of over 220% in the last 12 months, significantly outperforming the Nifty which has given returns of 15% during this time.

₹1,500 crore through Qualified Institutions placement (QIP) route. Sterling and Wilson shares gained as much as 4.99% to a fresh 52-week high of ₹445.30 apiece on the BSE. Sterling and Wilson Renewable had, on December 11, launched a QIP issue worth ₹1,500 crore.

US Federal Reserve to cut rates next year. While foreign fund inflows and a weak greenback in the overseas markets strengthened the local unit, a recovery in crude oil prices weighed on the sentiment, forex dealers said.

IPOs hitting Dalal Street in the last few days of December, star investor Ashish Kacholia and broking firm Zerodha have quietly invested in an NPO which got listed on the Social Stock Exchange this week. NPO stands for not-for-profit organisation and investors can't expect anything in return for buying zero coupon zero principal (ZCZP) instruments. Unlike investments in IPOs, FPOs and NFOs, you don't get any interest, capital appreciation, dividend or even your capital back. The instrument, however, does get credited to demat accounts of investors but its value will become zero after the project for which the fundraiser was done gets completed. On Wednesday, Bengaluru-based NPO SGBS Unnati Foundation, which runs vocational training programs for unemployed, raised Rs 1.8 crore from two HNIs and another two institutional investors. Smallcap czar Kacholia, known for his multibagger picks, invested Rs 30 lakh while Zerodha generously invested Rs 1 crore.

Dolly Khanna, whose portfolio is managed by her husband Rajiv Khanna, have given multibagger returns inching up to 228% in 2023. Data available till the end of the September quarter on ACE Equity showed that Khanna owned 18 stocks in her portfolio out of which Chennai Petroleum, Talbros Automotive, Prakash Pipes, Tinna Rubber and Control Print have given multibagger returns this year. We have excluded stocks that were not owned by her. Prakash Industries has also given multibagger returns in the last one year but it is not considered in this list as the stock was not in her portfolio in December 2022. Chennai Petroleum Corporation Chennai Petroleum owns one of the largest standalone refineries in south India with a capacity of 10.5 mtpa.