Market Updates - Angel One

Rolex Rings made a stock market debut on 9 August 2021 at a sharp premium of 39% over its issue price of Rs. 900. To elaborate, the company’s shares opened at the National Stock Exchange at Rs. 1250 and at the Bombay Stock Exchange at Rs. 1249. Regardless, the debut did not impress investors and …

In a move that is aimed at boosting new-age startups and ironing out compliance issues, market watchdog SEBI has signalled a shift from the idea of promoters in listed firms to the controlling shareholders or person in control. The market regulator has also brought in a slew of measures to make it more business-friendly. During …

Glenmark Life Sciences, a wing of Glenmark Pharmaceuticals Ltd, has made its public market debut at a premium of just 4%. It is over the issue price of Rs. 720 per share. This result seems tepid on the background of the IPO frenzy, where issues are attracting a premium price tag. This stock opened at …

As of 5 pm on 6 August 2021, the final bidding day, Windlas Biotech’s public issue was subscribed 22.40 times. The company’s initial public offering received bids for 13,78,54,260 shares, whereas the total number of reserved shares was 61,36,252. Windlas Biotech is one of the leading players in India’s pharmaceutical formulations contract development and manufacturing …

The all-crucial Reserve Bank of India’s monetary policy committee (MPC) announced on Friday kept interest rates unchanged for the seventh consecutive time, maintaining an accommodative position. The RBI has projected retail inflation for FY22 at 5.7 per cent from its earlier forecast of 5.1 per cent. The central bank has maintained the repo rate at …

An Overview The recent stock market rise is expected to benefit Indian individual investors, who have boosted their involvement and holdings of NSE listed businesses during the last 18 months. In the quarter ended June 2021, retail holdings of NSE listed companies reached a new high of 7.18 percent, reflecting a strong increase in new …

An Overview On Tuesday, India’s benchmark indices closed at new all-time highs. The BSE Sensex ended the day at a new all-time high of 53,823.36, up 872.73 points or 1.65%. Likewise, the broader Nifty50 index rose 242 points, or 1.52%, to a new high of 16,126.65. Earlier in the trade, both indices reached new all-time …

The Prime Minister, on August 2, launched the e-RUPI, which is a digital instrument for payment purposes. The objective of this instrument, according to the prime minister’s speech is to make payments seamless and easy; the e-RUPI is aimed at making welfare services-associated payments easier. So, how does the e-RUPI work? The e-RUPI is a …

On 3 August 2021, the accumulated market capitalisation of BSE-listed companies reached Rs. 240 lakh crores, Rs. 2,40,04,664.28 crores to be precise. This is a record high, as mentioned by the stock exchange. This surge has also rallied its benchmark Sensex to its lifetime high of 53,887.98 points. Moreover, investors’ wealth has also reached a …

India’s biggest public sector bank, State Bank of India (SBI), saw its stock hit an unprecedented peak, scaling 4.67 per cent compared to the prior close on the BSE, on the back of its first quarter earnings. The SBI share price touched Rs 467.3 on August 4, and gained over 66 per cent since January …