ASBA mechanism for secondary trade in equity bleakens prospects for discount brokers January 2nd, 2024 20:27
The facility is based on blocking of funds for trading in the secondary market through UPI, and initially, the facility will be optional for investors as well as stock brokers. The facility has been initially rolled out for the equity cash segment.

Rays Power Infra files IPO papers with Sebi January 2nd, 2024 20:27
Solar EPC company Rays Power Infra has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share sale.

Vraj Iron and Steel, Shree Tirupati Balajee Agro Trading file draft IPO papers with Sebi January 2nd, 2024 20:27
Vraj Iron and Steel through its public offer plans to raise Rs 171 crore via fresh equity issue. The company is engaged in manufacturing Sponge Iron, MS Billets, and TMT bars. It currently operates through two manufacturing plants which are located at Raipur and Bilaspur in Chhattisgarh spread across 52.93 acres.

7 FMCG stocks hit 52-week highs, rally up to 25% in a month January 2nd, 2024 20:27
The 52-week high serves as a crucial technical indicator for traders and investors, signifying the peak price a stock has reached in the preceding year

ET Market Watch: 5 factors why markets went down post a stellar 1st trading day of 2024? January 2nd, 2024 20:27

Kay Cee Energy and Infra IPO gets 959x subscription at close. Check GMP, allotment date and other details January 2nd, 2024 20:27
The share allotment for the IPO will be finalised by January 3 and the tentative listing date is set as January 5. According to market analysts, the company's shares are commanding a premium of Rs 65 in the unlisted market.

Avenue Supermarts Q3 Update: Revenue rises 17% YoY to Rs 13,247 crore January 2nd, 2024 20:27
The company reported a standalone revenue of Rs 13,247.33 crore for the quarter ended December, compared to Rs 11,304.6 crore in the same quarter last year.

Radhakishan Damani picks up 1.44% stake in VST Industries via bulk deal January 2nd, 2024 20:27
Meanwhile, SBI Mutual Fund has also bought 1.4% stake in the transaction, under which the sellers were HDFC Mutual Fund and DSP Mutual Fund. Both the funds offloaded nearly 3% stake in combination. According to the latest shareholding data, VST Industries is majority-owned by public shareholders at 67%, while promoters have the rest 32%.

Muthoot Finance to raise up to Rs 1,000 crore via NCDs January 2nd, 2024 20:27
​​The issue opens on January 8 and closes on January 19 with an option to close on such earlier date or extended date as may be decided by the board, the Kochi-based company said in a statement.

Market Trading Guide: Adani Enterprises among 4 stock recommendations for Wednesday January 2nd, 2024 20:27
"Nifty's slide below the immediate support of 21,500 could open some more weakness for the near term. A sustainable move above 21840 could bring bulls back into action," said Nagaraj Shetti, Senior Technical Research Analyst, at HDFC Securities.