Latest news with #BSE
Indian Express
31 minutes ago
- Business
- Indian Express
Sensex jumps 1.3%, Nifty ends above 25,100
Domestic benchmark indices Sensex and Nifty surged 1.3 per cent on Friday as investors' risk appetite improved after reports suggested de-escalation in Israel-Iran conflict. The BSE's Sensex rose 1.29 per cent, or 1,046.3 points, to close at 82,408.17. The broader Nifty climbed 1.29 per cent, or 319.15 points, to end at 25,112.4. 'Markets showed strength and gained over a percent after three sessions of lackluster movement. Sentiment improved after the news report indicated a possible de-escalation in the Iran-Israel conflict, with the US signaling a delay in potential action, which led to a softening in crude oil prices,' the said Ajit Mishra, Senior Vice President, Research, Religare Broking Ltd. US President Donald Trump has said that a decision on whether or not the US will get directly involved in the Iran-Israel conflict within two weeks, according to media reports. Markets witnessed consolidation after the recent spell of subdued trend, as strong European cues and positive Dow Futures triggered a massive rally in local benchmarks. 'Investors also resorted to short covering ahead of next week's monthly derivatives expiry. Despite the rebound, investors would still maintain caution due to the ongoing West Asia conflict, as any spike in crude oil prices owing to escalation in tension could fuel uncertainty and spook markets,' said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. Additionally, consistent buying by FIIs in the cash segment further supported the market. All key sectors participated in the rally, with realty, financials, and metals emerging as top gainers. The broader indices also saw relief, posting gains in the range of 1-1.4 per cent. The Nifty Realty ended 2.11 per cent up and the Nifty Metal climbed 1.09 per cent. The Nifty Midcap 100 rose 1.46 per cent and the Nifty Smallcap 100 gained 1.01 per cent. India VIX, which is an indicator of the market's expectation of volatility over the near term, declined 4.08 per cent to 13.67. The NSE companies that gained the most included Trent (3.96 per cent), Jio Financial Services (3.31 per cent), Mahindra & Mahindra (3.07 per cent), Bharti Airtel ( 3.04 per cent) and Nestle India (2.77 per cent). According to Religare Broking's Mishra, the outlook remains positive, and a decisive move above 25,200 on the Nifty would signal the end of the ongoing five-week consolidation phase and open the path toward the 25,600–25,800 zone. In the absence of any major domestic events, global markets will continue to guide sentiment. 'We maintain our positive yet cautious stance and advise focusing on stock selection, particularly in line with sectoral trends,' he said.
Time of India
44 minutes ago
- Business
- Time of India
BSE introduces AI tool to speed up SME IPO document checks
BSE has launched a new generative AI tool to help speed up the initial checking process of SME IPO documents. Right now, vetting these documents can take several days or even weeks — but with this new tool, experts say the process could be reduced to just 30–40 minutes. As per a recent circular, merchant bankers — who handle IPO filings — will be given access to a special folder where they can upload draft IPO documents. The AI tool will scan the draft and highlight any sections that need improvement or corrections before final submission. "This tool is meant to improve the SME listing experience," said BSE. The AI tool will be accessed through a secure file transfer system (SFTP) and will serve as a pre-check mechanism, helping bankers make the draft more compliant before officially filing it with the exchange. Since its inception, the BSE SME platform has listed around 600 companies and helped raise nearly Rs 9,500 crore. The combined market value of these listed SMEs is over Rs 68,500 crore. If you include companies that have shifted from SME to the main board, the total jumps to about Rs 1.73 lakh crore. Around 200 firms have made that move so far. Makarand Joshi, founder of MMJC and Associates, called the move a 'progressive shift.' He said that while document vetting usually took a week, this AI tool could do it in under an hour. However, this facility is just for initial advice. The BSE will still review the final filing in full before giving official approval. Also read: Sebi proposes 5-point AI rulebook for securities market. Check details This AI tool won't replace BSE's review, but it will help merchant bankers catch and fix issues earlier — making the IPO filing process smoother and faster.
Economic Times
an hour ago
- Business
- Economic Times
Sun TV shares tumble over 5% in intra-day trade amid concerns over rift between Maran brothers
Shares of Sun TV Network tumbled over 5 per cent in intra-day trade on Friday before recovering most of the lost ground to end 1 per cent lower amid concerns over a rift between brothers Dayanidhi and Kalanithi Maran. ADVERTISEMENT According to reports, Dayanidhi has sent a legal notice to his brother and several others, accusing them of "fraudulent practices" and "misgovernance" in taking control of Sun TV after their father Murasoli Maran's death in 2003. The stock of Sun TV dropped 5.20 per cent to Rs 581.55 during the day on the BSE. Later, it ended at Rs 606.80, down 1.09 per cent. On the NSE, shares of the firm tanked 5.25 per cent to Rs 580 during the day. The stock later ended at Rs 605.75 apiece, a decline of 1.04 per cent. A day after reports emerged of former Union minister Dayanidhi Maran accusing his brother of "fraudulent practices" and "misgovernance", the elder sibling Kalanithi-run Sun TV on Friday said the division between the promoter family done 22 years back was in compliance with all legal obligations. Defending its promoter Kalanithi, Sun TV Network in a regulatory filing said the agreements between the two brothers had been "duly vetted" by "intermediaries" concerned before the company's public issue. ADVERTISEMENT The board of Sun TV Network is led by Kalanithi as Executive Director and Chairperson. Kalanithi, as a promoter, owns 75 per cent shareholding in Sun TV Network. ADVERTISEMENT Sun TV Network said, "The alleged matter dates back to 22 years, when the company was a closely held private limited company". Defending the promoter, it further stated, "Statements allegedly made in the articles are incorrect, misleading, speculating, defamatory and not supported by facts or law". ADVERTISEMENT "We wish to inform that all acts have been done in accordance with legal obligations and the same had been duly vetted by concerned intermediaries before the public issue of the company," it said. Moreover, Sun TV Network also said the media reports claiming a rift between the promoter Maran brothers "does not have any bearing on the business of the company or its day-to-day functioning". ADVERTISEMENT Sun TV Network also clarified that it is a "family matter of the promoter" and is "purely personal in nature". (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
an hour ago
- Business
- Time of India
Sun TV shares tumble over 5% in intra-day trade amid concerns over rift between Maran brothers
Shares of Sun TV Network tumbled over 5 per cent in intra-day trade on Friday before recovering most of the lost ground to end 1 per cent lower amid concerns over a rift between brothers Dayanidhi and Kalanithi Maran . According to reports, Dayanidhi has sent a legal notice to his brother and several others, accusing them of "fraudulent practices" and "misgovernance" in taking control of Sun TV after their father Murasoli Maran's death in 2003. The stock of Sun TV dropped 5.20 per cent to Rs 581.55 during the day on the BSE. Later, it ended at Rs 606.80, down 1.09 per cent. On the NSE, shares of the firm tanked 5.25 per cent to Rs 580 during the day. The stock later ended at Rs 605.75 apiece, a decline of 1.04 per cent. A day after reports emerged of former Union minister Dayanidhi Maran accusing his brother of "fraudulent practices" and "misgovernance", the elder sibling Kalanithi-run Sun TV on Friday said the division between the promoter family done 22 years back was in compliance with all legal obligations. Live Events Defending its promoter Kalanithi, Sun TV Network in a regulatory filing said the agreements between the two brothers had been "duly vetted" by "intermediaries" concerned before the company's public issue. The board of Sun TV Network is led by Kalanithi as Executive Director and Chairperson. Kalanithi, as a promoter, owns 75 per cent shareholding in Sun TV Network. Sun TV Network said, "The alleged matter dates back to 22 years, when the company was a closely held private limited company". Defending the promoter, it further stated, "Statements allegedly made in the articles are incorrect, misleading, speculating, defamatory and not supported by facts or law". "We wish to inform that all acts have been done in accordance with legal obligations and the same had been duly vetted by concerned intermediaries before the public issue of the company," it said. Moreover, Sun TV Network also said the media reports claiming a rift between the promoter Maran brothers "does not have any bearing on the business of the company or its day-to-day functioning". Sun TV Network also clarified that it is a "family matter of the promoter" and is "purely personal in nature".
Mint
2 hours ago
- Business
- Mint
Ashish Kacholia portfolio stock Aeroflex Industries rises over 20% in three straight sessions
Aeroflex Industries share price: Small-cap stock Aeroflex Industries, also part of ace investor Ashish Kacholia's portfolio, has been on a steady rise over the past three trading sessions, adding over 22% during this period. The action in Aeroflex Industries shares has been driven by high volumes and a strong technical setup. On the National Stock Exchange, the trading volume in the stock was at 7.52 crore. This was much higher than the average volume in lakhs that the stock generally witnesses. On the BSE today, the total traded quantity for Aeroflex Industries was 752.73 lakh shares as against the two-week average of 6.97 lakh shares. The stock is also among Ashish Kacholia's portfolio holdings, wherein he has a 1.92% stake as of the March 2025 data. Aeroflex Industries stock ended 6% higher on the NSE today, June 20, at ₹ 206.57 apiece. For the year, Ashish Kacholia-owned small-cap stock is up 34%. However, it has seen a volatile trend on a monthly basis. Aeroflex Industries stock, though up 25% in June, had lost 6% in May after a 3% rise in April. Before that, the scrip had declined marginally by 0.92% in March but a whopping 29% in February. In the first month of the year, the stock climbed 20%. The company posted a decent performance for the March 2025 quarter, recording a 16% year-on-year (YoY) growth in total income to ₹ 92 crore while its profit for the period grew 12% YoY to ₹ 11 crore. On the operating front, earnings before interest, tax, depreciation and amortisation (EBITDA) grew 21% to ₹ 19 crore, with EBITDA margin at 20.71%. For the full financial year, the company posted an 18% YoY growth in income and a 26% rise in profit to ₹ 379 crore and ₹ 53 crore, respectively. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
