Latest news with #NationalStockExchange
Time of India
5 hours ago
- Business
- Time of India
Stricter regulations lead to drop in derivatives participation: NSE chief
Ahmedabad: With stricter regulations in place, there has been a significant drop in participation in the derivatives segment, said Ashish Chauhan, MD & CEO of the National Stock Exchange (NSE), on Friday. Chauhan was in the city to launch a book based on his life. He also participated in a discussion on Indian financial markets with international tax expert Mukesh Patel. Speaking to the media, Chauhan said, "SEBI increased lot sizes and margin requirements for trading in derivatives to ensure that small investors do not lose money. In June last year, around 55 lakh investors traded in derivatives at least once. That number has now come down to about 30 lakh." He also stated that NSE International Exchange at GIFT City has signed an agreement with the Cyprus Stock Exchange for dual listing and joint product development.
United News of India
5 hours ago
- Business
- United News of India
Sensex Zooms by 1,046.30 points
Mumbai, Jun 20 (UNI) Snapping three consecutive sessions of losses, the BSE Sensex on Friday surged by 1,0436 points to close at 82,408.17. Today's surge is seen as the result of gains in Asian markets and renewed foreign fund inflow, a trader explained. Markets sentiments turned bullish after the US President Donald Trump announced that he will decide in the next two weeks whether or not to get involved in the Iran-Israel conflict. This announcement eased crude oil prices improving investor sentiments, the trader added. National Stock Exchange (NSE) too advanced by 319.15 points to settle at 25,112.40. The Sensex opened marginally lower at 81,354,85 against its previous close of 81,361.87 .66 Sensex recorded an intra day high of 82,641.54 and low of 81,323.20. The NSE registered a day's high at 25,132.80 and a day's low at 24,738.10 Mid-cap rose by 1.20 pc and the Small-cap advanced by 0.22 pc. The market breadth stayed strong on Friday. The BSE witnessed 2,469 shares rising and 1,471 shares falling. A total of 151 shares remained unchanged. All Sectoral indices ended the Session in green with Telecom being the Top Sectoral gainer up by 2.73 pc Other Sectoral gainer were Commodities by 0.54 pc. Energy By 0.99 pc, FMCG by 0.52 pc, Financial by 1.35 pc, Health Care by 0.78 pc, Industrial by 1.21 pc, IT by 0.65 pc, Utilities by 1.62 pc, Auto by 0.84 pc, Bankex by 1.15 pc, Capital Goods by 1.17 pc, Consumer Durables by 0.84 pc, Metals by 1.10 pc, Oil & Gas bty 0.61 pc, Power by 1,46 pc , Realty by 2.22 pc and Teck by 1.42 pc Among the 30 scrips, 27 advanced while 3 declined. Notable gainers were Bharti Airtel by 3.17 pc to Rs 1,935.00, Nestle India by 2.98 pc to Rs 2,388.20, M&M by 2.86 pc to Rs 3,180.20, Power Grid by 2.18 pc to Rs 292.55, Reliance by 2.16 pc to Rs 1,462.65, NTPC by 1.70 to RS 33.35 and Eternal by 1.60 pc to Rs 253.40. The losers were Axis Bnak by 0.16 pc to Rs 1,215.00, Ultra tech by 0.07 pc to Rs 11,399.70 and Maruti by 0.02 pc to Rs 12,803.00. US Dow Jones futures were up by 0.56 pc, European shares advanced on Friday, FTSE by 0.47 pc, CAC by 0.58 pc and DAX by 0.95 pc Most Asian markets ended higher as investors assessed China data and monitored escalating tensions between Israel and Iran. Nikkei was 225 down by 0.22 pc, Straits Times rose by 0.28 pc, Hang Seng advanced by 1.24 pc and Kospi by 1.46 pc. UNI JS RKM
Mint
11 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.
&w=3840&q=100)
Business Standard
15 hours ago
- Business
- Business Standard
Oswal Pumps shares list at 3% premium; should you buy, sell or hold?
Oswal Pumps IPO listing: Shares of Oswal Pumps made a lacklustre debut on the bourses on Friday, 20 June, following the completion of its initial public offering (IPO). On the National Stock Exchange (NSE), Oswal Pumps shares listed at ₹634 apiece, reflecting a premium of ₹20 or 3.26 per cent over the issue price of ₹614. Oswal Pumps shares listed at a slightly lower premium on the BSE, at ₹632 apiece, up ₹18 or 2.93 per cent from its issue price. However, the listing came below the grey market estimates. Ahead of their market debut, the unlisted shares of Oswal Pumps were quoted at around ₹655 per share, reflecting a grey market premium (GMP) of ₹41 or 6.68 per cent over the issue price of ₹614, according to sources tracking unofficial market activities. Should you buy, sell or hold Oswal Pumps shares? For allotted investors, Prashanth Tapse, senior Vice President (Research) at Mehta Equities, advises to hold the comapny's shares for the long term, citing the company's strong positioning to benefit from structural growth drivers in the agriculture and infrastructure sectors. "We see the company's strategic positioning as advantageous, especially in light of ongoing government initiatives in infrastructure and rural development, with a particular focus on water management and irrigation. We view Oswal Pumps as a compelling long-term investment opportunity, well-aligned with the government's continued emphasis on rural electrification and the promotion of solar-powered irrigation systems," said Tapse. For non-allotted investors, Tapse suggests considering accumulating on any dips post-listing, particularly if broader market sentiment results in short-term volatility. 'The business offers a strong combination of sectoral tailwinds and value-based fundamentals,' he added. Oswal Pumps IPO details The public offering of Oswal Pumps is a book-building issue valued at ₹1,387.34 crore, comprising a fresh issue of 14.5 million equity shares and an offer for sale (OFS), with promoter Vivek Gupta divesting up to 8.1 million equity shares. Oswal Pumps IPO was available for subscription from Friday, 13 June, to Tuesday, 17 June, at a price band of ₹584–614 per share, with a lot size of 24 shares. The basis of allotment of company's shares was finalised on Tuesday, 18 June. Oswal Pumps has set the issue price at ₹614 per share. The company will not receive any proceeds from the OFS. 'The Promoter Selling Shareholder will be entitled to the proceeds from the sale of the Offered Shares in the Offer for Sale, net of the offer-related expenses and relevant taxes thereon,' Oswal Pumps said in its Red Herring Prospectus (RHP). The company, however, intends to utilise the proceeds from the fresh issue for funding certain capital expenditure, investing in its wholly-owned subsidiary, Oswal Solar, through equity, funding the establishment of new manufacturing units in Karnal, Haryana, and for pre-payment/repayment, in part or full, of certain outstanding borrowings availed by the company. The company will also utilise the fresh proceeds for investment in its wholly-owned subsidiary, Oswal Solar, through equity, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar, and for general corporate purposes. MUFG Intime India (formerly Link Intime) serves as the registrar for the public offering of Oswal Pumps, while IIFL Capital Services, Axis Capital, CLSA India, JM Financial, and Nuvama Wealth Management are the book-running lead managers. About Oswal Pumps Oswal Pumps manufactures and distributes a diverse range of pumps for domestic, agricultural, and industrial applications. The company has executed orders for 26,270 turnkey solar pumping systems under the PM-KUSUM Scheme for several Indian states. Oswal Pumps operates a manufacturing facility in Karnal, Haryana, and has a growing network of distributors across India. The company exports its products to 17 countries across the Asia-Pacific, Middle East, and North Africa regions.
&w=3840&q=100)
Business Standard
15 hours ago
- Business
- Business Standard
Northern Arc slips 9% amid large trade; 7.7 mn shares change hands on BSE
Northern Arc Capital share price fell 8.8 per cent in trade on Friday, June 20, 2025, logging an intraday low at ₹195.55 per share on BSE amid heavy volumes. The selling pressure on the counter came after 7.7 million shares changed hands on BSE and 38.28 million shares were traded on National Stock Exchange (NSE) in the morning deals, around 9:48 AM. Around the same time, Northern Arc shares were trading 6.18 per cent lower at ₹201.25 per share on the BSE. In comparison, the BSE Sensex was up 0.20 per cent at 81,525.17. The company's market capitalisation stood at ₹3,248.41 crore. Its 52-week high was at ₹351 per share and 52-week low was at ₹153.5 per share. Northern Arc block deal reports According to data compiled by Bloomberg, 14 per cent of equity was traded in multiple block deals. The buyers and sellers of the deal were not known. Reports also suggested that 0.22 million shares worth around ₹440 crore change hands at an average price of ₹197 per share. Among mutual funds, Quant Mutual Fund-Quant Elss Tax Saver Fund held 1.21 per cent stake as of the March 2025 quarter. Among Alternate Investment Funds, Volrado Venture Partners Fund Iv Gamma held a 1.17 per cent stake, 360 One Special Opportunities Fund-Series 7 held 3.59 per cent, 360 One Special Opportunities Fund -Series 5 held 3.83 per cent, 360 One Special Opportunities Fund - Series 4 held 4.67 per cent, 360 One Special Opportunities Fund - Series 3 held 1.36 per cent and 360 One Special Opportunities Fund - Series 2 held 2.95 per cent. Northern Arc listing Shares of Northern Arc Capital made a debut on bourses on September 24, 2024. On BSE, the stock was listed at ₹351, reflecting a premium of 33.4 per cent against the issue price of ₹263. On National Stock Exchange (NSE), Northern Arc Capital shares listed at a premium of 33.07 per cent at ₹350 per share, against the IPO issue price. About Northern Arc Capital Northern Arc Capital provides retail loans to underserved Indian households and businesses. The company's diversified business model spans various sectors, products, and geographies, facilitating over Rs 1.73 trillion in financing to 101.82 million people as of March 31, 2024. Northern Arc is registered with the Reserve Bank of India as a Non-Banking Finance Company and has been operating for the last 14 years.
