Indian share market news

Shares of Kotak Mahindra Bank in Focus ahead of its QIP issue

Kotak Mahindra Bank has recently approved a QIP issue (Qualified institutional placements) at a price of Rs 913.24, per share, to raise the fund of about Rs 5600.00 Cores. The stock is the top gainer touching the fresh 52-week high of Rs 980.5% during the first half of today’s trading session. It is trading at above the crucial volume weighted average (VWA) price of Rs 970.66 per share, attracting the traded volume of 13,95,041 shares with traded value of Rs 135.41 Crore. In past seven trading sessions, Kotak Mahindra stock has witnessed more than 60% of deliverable quantity as with reference ...
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27 April Sensex, Nifty trade flat after hitting record highs

Indian benchmark Sensex, Nifty were little changed on Thursday after hitting record highs the previous day since investors took a sigh and booked profits in recent splendors like ITC Ltd, while Axis Bank fell on a drop in quarterly results. Asian shares also eased as U.S. tax cut plan announced by Donald Trump on Wednesday failed to inspire investors. Indian investors were also braced for bout volatility as monthly derivative F&O contracts are due to expire at the end of the session. However, broader market sentiment remained positive, given hopes for improving corporate earnings and risin...
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Friday 21 April Dollar Industries hits 5% upper circuit on debut on NSE

Dollar Industries Ltd a major in readymade garments industry, got listed on the NSE, today, 21 April, 2017 at Rs 1,314 per share, amid high volume of 16,500 shares. The stock hit a 5% upper circuit at Rs 1,379.70 after it settled at Rs 1,314 in pre-opening session. The stock traded with volumes of 21,574 equity shares in the morning hours today. Dollar Industry’s listing of the company on NSE is expected to provide liquidity to the prospective investors, and earn more visibility for the company. Hem Securities Limited was the listing advisor to the issue. Dollar Industries Ltd has a market sh...
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