
Stock market this week: THESE stocks soared while others sank
The Securities and Exchange Board of India (SEBI) has expanded the automated trading window closure system under the Prohibition of Insider Trading (PIT) Regulations to include immediate relatives of designated persons (DPs) in listed companies. Effective from July 2025 for the top 500 listed companies and from October 2025 for all others, this move aims to enhance compliance and transparency by preventing insider trading during restricted periods. Companies must ensure system-driven monitoring of trading restrictions for both DPs and their immediate relatives. The initiative reflects SEBI's continuous focus on strengthening governance, ensuring accountability, and building investor trust in capital markets.
Ather Energy's initial public offering (IPO) was oversubscribed by 1.50 times, indicating strong investor interest and demand exceeding the number of shares offered. This means that for every share available, investors applied for 1.5 shares. The oversubscription reflects positive market sentiment and confidence in Ather Energy's growth prospects, likely driven by its position in the growing electric vehicle sector. Such a response can also lead to a higher listing price or allotment on a pro-rata basis to investors. Analysts attribute this demand to the company's innovative products, expanding distribution network, and increasing demand for sustainable mobility solutions.
Several major asset management companies including HDFC, Bajaj, Groww, Motilal Oswal, Edelweiss, DSP, and UTI have introduced new fund offerings. These NFOs span diverse investment categories including debt index, Nifty indices (Next 50 and Nifty 50), gilt funds, infrastructure, internet economy index, silver ETF fund of funds, and multi-cap growth plans. All offerings are direct growth plans, providing investors with a wide range of options across various sectors, asset classes, and investment strategies to diversify their portfolios. Investors can access these offerings through multiple channels, enabling flexibility, transparency, and ease of participation in different market segments. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted
Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.
First Published: 3 May 2025, 10:44 AM IST
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Economic Times
16 minutes ago
- Economic Times
Why Sebi's plan to shrink IPO size risks unsteady markets
SEBI's proposal to reduce the minimum IPO offer size raises concerns about market integrity and potential manipulation. The move, intended to attract large companies and prevent overseas listings, could lead to artificially amplified valuations and heavy outflows. Experts suggest that the current minimum public holding requirement should be maintained or even increased to protect investors and the macroeconomy. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Easing of rules is usually beneficial for businesses and consumers. However, some relaxations can have adverse impacts on markets and the macroeconomy. Sebi 's proposal to reduce the minimum IPO offer size is an example. It proposes to allow a company to list on stock exchanges by selling 2.75% of the capital if valued at more than ₹1 lakh cr, and 1% for those above ₹5 lakh argument is that the market can't absorb hugely valued companies and aims to prevent them from seeking overseas listings. Elementary economics dictates that supply and demand determine to shrink the mandatory float is an admission that the value would be far lower with a bigger float. It goes against Sebi's goal to maintain market integrity. It mandates 25% minimum public holding to remain listed so that the stock price is not manipulated. If a less than 25% float could be manipulated, what about 1%?Sebi proved in the Jane Street case that even stocks with 100% public holding, such as HDFC Bank , can be manipulated. Shrinking the minimum float is a license to manipulate. On the contrary, it should raise the minimum facilitating steep valuations when most IPOs are offers for sale from PE funds and not fresh capital for companies leads to heavy outflows, creating macro imbalances. Look no further than the slide in net FDI numbers. Yes, PE investors need an exit, but it need not be at artificially amplified argument by Sebi is to ensure that big firms list in India and not overseas. After the 1990s euphoria, hardly any Indian companies sought listing on exchanges overseas. On the contrary, MNCs are listing in India to get higher valuations than what they receive in their home markets. Hyundai Motor is an carmaker raised ₹27,859 cr in its IPO, reflecting the Indian market's appetite to buy bigger IPOs, which punctures the argument that big-sized IPOs are difficult to list. Lawmakers, in the interest of investors and the macroeconomy, should junk these proposals.


The Print
42 minutes ago
- The Print
Indian indices open flat as FPI outflows weigh on sentiment despite govt boosters
Market experts noted that factors such as monetary and fiscal stimulus, good monsoons, benign inflation, and targeted consumption boosters should ideally have pushed Indian markets higher. The Nifty 50 index opened at 24,965.80, slipping by 14.85 points or 0.06 per cent. Meanwhile, the BSE Sensex started the day at 81,669.09, registering a modest gain of 24.70 points or 0.03 per cent. New Delhi: Indian stock markets opened flat on Tuesday as continuous foreign portfolio investor (FPI) outflows kept indices in check, even as the government recently announced several consumption-boosting measures. Ajay Bagga, Banking and Market Expert, told ANI 'What has held back the markets has been a relatively higher valuation in an underwhelming earnings recovery scenario. As earnings rise, Indian markets will rise ahead of these. That could happen by the next quarter as the festive season boost meets the government boosters. At some point, Indian markets will take off in anticipation.' On the global front, Bagga said that the easing of tensions between India and China, along with Chinese assurances on supply of rare earths, fertilisers, and tunnel boring machines, as well as expectations of large FDI inflows, should have improved investor sentiment. India is also making efforts to address the impact of punitive tariffs imposed by the US on key labour-intensive export sectors. In addition, the country is working to forge stronger economic partnerships at the geostrategic level. These measures will safeguard jobs and benefit India's trade outlook in the coming months. Another factor that markets are closely watching is the movement of FPIs. Large short positions taken by FPIs have added pressure on the indices. Once these reverse, Indian markets could see sharp short covering, potentially helping indices climb to all-time highs by the end of the year. In the broader market, the Nifty 100 was down by 0.08 per cent, while the Nifty Midcap 100 slipped 0.05 per cent. The Nifty Small Cap 100, however, gained 0.11 per cent in the opening session. Among sectoral indices on NSE, mixed trends were seen. Nifty Auto rose 0.17 per cent, while Nifty FMCG declined by 0.17 per cent. Nifty Pharma was down 0.20 per cent, Nifty Realty slipped 0.14 per cent, and Nifty Oil & Gas fell 0.15 per cent. Vikram Kasat, Head – Advisory at PL Capital, said, 'Nifty continued its bullish momentum. On the hourly chart, there was a gap zone between 24,993-25,046 levels which will be the immediate resistance. Clearing this can push the Nifty higher towards 25,250, which is a make-or-break zone from a medium-term perspective. The 24,852-24,673 range will be the support zone.' In the Asian markets, trading sentiment was largely weak on Tuesday morning. Japan's Nikkei 225 index declined by 1.87 per cent, Hong Kong's Hang Seng lost 0.77 per cent, Taiwan's weighted index slipped by more than 2 per cent, while South Korea's KOSPI fell by 1.98 per cent at the time of filing this report. (ANI) This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content. Also read: New insolvency frameworks to shorter timelines, how 2025 amendment bill proposes to transform IBC
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Business Standard
an hour ago
- Business Standard
Stock exchanges freeze more promoter demat accounts for non-compliance
The number of companies with promoters whose demat accounts were frozen by the stock exchanges due to non-compliance increased over the past year. The BSE froze promoter demat accounts in 457 companies, according to data from the Securities and Exchange Board of India's (Sebi's) 2024-25 annual report released on August 12. These numbers are broadly higher than those of the previous year, although lower than in 2022-23. Of the 5,452 companies listed on the BSE, 4,463 were traded as of March 2025. The frozen promoters accounted for more than a tenth of these traded entities. The BSE also has the largest number of listed companies, including many older legacy firms with limited operations. The National Stock Exchange (NSE), which has 2,720 listed companies, froze the demat accounts of 73 firms. The Metropolitan Stock Exchange of India (MSEI) froze 36 of its 263 listed companies. The BSE is the oldest of the three exchanges, followed by the NSE and then the MSEI. 'Sebi issued a standard operating procedure (SOP) outlining the punitive measures to be taken by stock exchanges in case listed entities are non-compliant with the provisions of Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015. The SOP encourages a better compliance culture by laying out a well-defined procedure for stock exchanges to follow while levying penalties and taking subsequent actions. In the past two years, some listed companies have defaulted, for which various actions have been taken by the exchanges under the SOP circular,' said the annual report. Freezing promoter demat accounts is not the first step taken when exchanges detect non-compliance, said Company Secretary Gaurav Pingle. Exchanges usually impose fines initially, and only after continued violations despite warnings are accounts frozen. This suggests that promoters remain on the wrong side of listing requirements for some time. Action does not follow at the very first instance of a regulatory slip-up, he said. 'It is one of the steps taken at the end,' Pingle added. A July 2023 Sebi circular specified fines ranging from ₹1,000 per day (for lapses such as failing to appoint a company secretary) to ₹50,000 per day (for not obtaining in-principle stock exchange approval before issuing securities). Each stock exchange was to review compliance, issue a notice to the company within 30 days of the due date of submission, and then send a notice to the promoter. 'The recognised stock exchange(s) concerned shall, upon expiry of the stipulated periods indicated in the aforementioned notices, forthwith intimate the depositories to freeze the entire shareholding of the promoter(s) in such entity, as well as all other securities held in the demat accounts,' the circular said. Earlier, authorities suspended companies, said a person associated with an investor association who has worked with authorities on such issues. That left non-promoter shareholders trapped with no exit for their investments. An SOP removes such discretion, he observed. The fines collected for non-compliance across the three exchanges amounted to ₹67.2 crore in 2024-25, lower than ₹103.5 crore in 2023-24. The three bourses had collected ₹90 crore in 2022-23.