Latest news with #NSE
Time of India
an hour ago
- Business
- Time of India
BSE shares zoom 11% in two days amid heavy volumes; hit fresh high at Rs 2,670
The surge in the BSE stock follows Sebi's recent circular asking the exchanges to choose expiry days for equity derivatives - either Tuesday or Thursday. BSE's stock has surged by 11% in two trading sessions, reaching a new all-time high of Rs 2,670, fueled by high trading volumes and a recent Sebi circular. The regulator's directive asks exchanges to standardize equity derivative expiry days, choosing either Tuesday or Thursday. This follows NSE's move to shift its F&O expiry to Monday, potentially impacting BSE's market share. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Amid high trading volumes, the BSE stock rallied 11% in 2 trading sessions, hitting its new all-time high of Rs 2,670 on the NSE today. On Friday alone, the stock witnessed a rally of 8.3%.Around 1 pm today, 119.72 lakh shares of the company were traded on the NSE, with a total traded value of Rs 3,120.80 crore. BSE's total market capitalisation at the time stood at Rs 1.07 lakh surge in the stock also follows a recent circular released by the markets regulator, Securities and Exchange Board of India (Sebi), which asked the exchanges to choose expiry days for equity derivatives - either Tuesday or reviewing inputs from a discussion paper released in March 2025, Sebi's Secondary Market Advisory Committee (SMAC) held deliberations and proposed restricting expiry days to help curb excessive market exchanges will now need to standardise the final settlement day for equity derivatives contracts—including index options, index futures, and single stock futures and options—by choosing either Tuesday or Thursday as the designated expiry precedes NSE's decision to shift the F&O expiry day for Nifty, Bank Nifty, FinNifty, Nifty Next50, and Nifty Midcap Select from the current Thursday to NSE's derivatives contract expiry, which would have been scheduled ahead of BSE's Tuesday expiry for Sensex and Bankex, was expected to weigh on BSE's market share, which could have declined as competition intensifies, according to a previous report by Nuvama Institutional Equities This is due to the fact that retail traders tend to be more active closer to expiry when option values compress.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Standard
an hour ago
- Business
- Business Standard
Indices trade with limited losses; IT shares slide
The key equity indices traded with modest losses in the early afternoon trade, as strong foreign portfolio investor (FPI) inflows and optimism over domestic growth were offset by caution ahead of the upcoming GDP data release. The Nifty traded below the 24,800 level. IT shares slipped after advancing in the past trading session. At 12:30 ST, the barometer index, the S&P BSE Sensex, slipped 267.20 points or 0.33% to 81,365.82. The Nifty 50 index fell 81.85 points or 0.33% to 24,752. In the broader market, the S&P BSE Mid-Cap index shed 0.34% and the S&P BSE Small-Cap index added 0.16%. The market breadth was negative. On the BSE, 1,665 shares rose and 2,125 shares fell. A total of 179 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.05% to 16.08. The Nifty 26 June 2025 futures were trading at 24,873 at a premium of 121 point as compared with the spot at 24,752. The Nifty option chain for the 26 June 2025 expiry showed a maximum call OI of 48 lakh contracts at the 26,000 strike price. Maximum put OI of 52 lakh contracts was seen at 24,000 strike price. Buzzing Index: The Nifty IT index slipped 0.84% to 37,437.50. The index rose 0.77% in the past trading session. Infosys (down 1.39%), Tech Mahindra (down 1.31%), LTIMindtree (down 1.15%), Persistent Systems (down 1.11%), Coforge (down 0.9%), HCL Technologies (down 0.58%), Mphasis (down 0.45%), Tata Consultancy Services (down 0.22%) and Wipro (down 0.20%) declined. Stocks in Spotlight: Welspun Living dropped 6.23% after the company reported a 9.71% decrease in consolidated net profit of Rs 131.82 crore in Q4 FY25 as against Rs 146 crore in Q4 FY24. Revenue rose by 2.74% year-over-year to Rs 2,645.90 crore during the period under review. NBCC (India) advanced 1.52% after the company reported a 29.27% increase in consolidated net profit of Rs 175.92 crore in Q4 FY25 as against Rs 136.08 crore in Q4 FY24. Revenue from operations rose 16.17% year on year (YoY) to Rs 4,642.55 crore in the quarter ended 31 March 2025.
Business Standard
2 hours ago
- Business
- Business Standard
NSE SME Nikita Papers' IPO ends with 1.4 times subscription
The offer received bids for 78.88 lakh shares as against 56.25 lakh shares on offer. The initial public offer (IPO) of Nikita Papers received bids for 78,88,800 shares as against 56,25,600 shares on offer. The issue was subscribed 1.40 times. Retail investors bid for 39,66,000 shares, non-institutional investors bid for 22,82,400 shares and qualified institutional investors bid for 16,40,400 shares. The issue opened for bidding on 27 May 2025 and it closed on 29 May 2025. The price band of the IPO was set at Rs 95 to Rs 104 per share. The equity shares will list on NSE's SME platform. The IPO comprised fresh issue of 64,94,400 equity shares. The promoter and promoter group shareholding diluted to 59.219% from 80.38% pre-issue. The company intends to utilize the net proceeds to meet capital expenditure for setting up a power plant, working capital requirements, issue expenses, and general corporate purposes. Ahead of the Nikita Papers on 26 May 2025, raised Rs 9.03 crore from anchor investors. The board has allotted 8.68 lakh shares at Rs 104 per share to 4 anchor investors. Nikita Papers is a leading manufacturer of Kraft paper with an installed capacity of approximately 1,33,000 MTPA. The company produces Kraft paper ranging from 80 to 200 GSM in various Burst Factor (B.F.) grades, catering to diverse customer needs across the paper industry. As on 09 May 2025, the company had 208 employees. The company recorded revenue from operations of Rs 265.14 crore and net profit of Rs 15.68 crore for the period ended 31 December 2024.
Business Standard
2 hours ago
- Business
- Business Standard
Firstsource Launches Gigsourcing Platform to Transform the Future of Work
PRNewswire Mumbai (Maharashtra) [India], May 30: Firstsource Solutions Limited (NSE: FSL) (BSE: 532809), a leading global provider of transformational solutions and services and an RP-Sanjiv Goenka Group company, has announced the launch of the Firstsource Gigsourcing Platform, a next-generation crowdsourcing solution designed to revolutionize how enterprises leverage the gig economy. Part of the Firstsource relAI™ suite of AI-powered solutions, the Gigsourcing Platform connects businesses with skilled, on-demand global talent. It enables cost-effective, flexible, and scalable workforce models--helping organizations streamline talent management, boost operational efficiency, and stay competitive by addressing challenges in gig worker acquisition, management, and coordination. Ritesh Idnani, Managing Director & Chief Executive Officer at Firstsource, shared, "The Firstsource Gigsourcing Platform marks a pivotal milestone in our UnBPO™ journey, reimagining how enterprises operate and scale. As work becomes more decentralized and digital, our ability to blend AI-powered virtual agents, domain expertise, and a global freelance talent pool, empowers clients to move faster and smarter. This isn't just about workforce flexibility--it's about creating an entirely new operating model. We're committed to driving non-linear growth and measurable transformation for our clients, and this platform is a core enabler of that mission." The platform offers an intuitive experience for both, enterprises and independent professionals: * For businesses, the platform streamlines project creation, gig worker onboarding, and performance tracking, ensuring scalable execution and superior outcomes. * For gig workers, it offers seamless registration, project discovery, and automated payments, delivering a frictionless and rewarding work experience. Hasit Trivedi, Chief Digital & AI Officer at Firstsource, added, "The Firstsource Gigsourcing Platform represents the convergence of AI, digital platforms, and workforce innovation. It goes beyond just connecting businesses with gig workers - we are building a digitally intelligent, hyper-agile ecosystem. AI-led matching, workflow orchestration, and secure integrations make it a robust sourcing engine. This platform will fundamentally reshape how work is disaggregated, how sourcing is diversified, and how scale and precision are delivered. We see gig sourcing becoming a critical pillar of enterprise transformation - redefining workforce agility in the AI era and building the future of work." The Firstsource Gigsourcing Platform delivers unparalleled benefits with functionalities like: * Compliance-first onboarding: alignment with regional regulations and standards. * Comprehensive Control: efficient management of user groups roles, access, and notifications. * Qualification Tests: qualified freelancers selected with pre-requisite tests. * Gig worker Onboarding: simplified freelancer integration, including from external partners. * Third-Party Integration: single sign-On (SSO) enabled for streamlined operations. * Effortless Payments: hassle-free payment processes for gig workers. Additionally, the platform's SaaS capabilities provide: * Private Instance: enabling organizations to create their own exclusive freelancer crowd. * Insourcing Flexibility: facilitates internal resource allocation within the organization. This launch follows Firstsource's recent introduction of Agentic AI Studio, reinforcing Firstsource's commitment to transforming the future of work through innovation. Together, the Gig Sourcing Platform and Agentic AI Studio form a comprehensive foundation to reimagine how work is sourced, executed, and scaled. About Firstsource Firstsource Solutions Limited, an RP-Sanjiv Goenka Group company (NSE: FSL) (BSE: 532809) (Reuters: (Bloomberg: FSOL:IN), is a global leader providing transformational solutions and services spanning the customer lifecycle across Healthcare, Banking and Financial Services, Communications, Media and Technology, Retail, and other diverse industries. With a global footprint across US, UK, India, Philippines, Mexico, Romania, Turkey, Trinidad & Tobago, South Africa, and Australia, we 'make it happen' for our clients, solving their biggest challenges with hyper-focused, domain-centered teams and cutting-edge tech, data, and analytics. Our inch-wide, mile-deep practitioners work collaboratively, leveraging UnBPO™ - our differentiated approach to reimagining traditional outsourcing - to deliver real-world, future-focused solutions that drive speed, scale, and smarter decision, turning transformation into tangible results for our clients.
Business Standard
2 hours ago
- Business
- Business Standard
INR gains amid falling Crude oil
Indian rupee gained in early trades on Thursday as a slide in the Crude oil prices supported the sentiments. Weakness in the US dollar also helped INR. The dollar index steadied at around 99.40 in early Asia awaiting key PCE data for further cues on Federal course of action. INR quotes at Rs 85.28 per dollar, up ten paise on the day. On the NSE, the USDINR futures are down marginally at 85.56.
