The QIB portion was subscribed 61% on the opening day, marking a promising start. Typically, QIBs tend to bid on the final day of the offer. The majority of bids in the QIB portion came from foreign institutional investors (FIIs).

The stock is up nearly 44% so far in April, outperforming other local metal producers. The Nifty Metal index has risen 7.5% in the same period.

For instance, Adani Group increased its stake in Ambuja Cement from 63.15% to 66.70% in the March quarter by converting the warrants issued in October 2022. Aditya Birla Group increased its stake in Grasim by 31 basis points to 43.06% in the March quarter by subscribing to the rights issue.

Adding to the sudden reversal in foreign buying interest in bonds is the rise in crude oil prices over the past few weeks due to concerns of tighter supply and a recent flare-up in Middle East tensions. A higher trajectory for crude oil prices imparts uncertainty to the outlook on India's inflation and trade deficit.

Profit climbed to 7,969 crore in the March quarter, beating ET's poll of 6,103 crore. Other income buttressed the bottom-line through what turned out to be a tough year for revenue expansion, which hit the lowest pace in a decade. Headcount shrank by about 26,000, again a rarity for India's technology bellwether.

The company shares fell to their lowest in more than a year on Thursday. Its market capitalization is set to fall by more than $17 billion to about $478 billion, if losses hold. Still the company remains the most valuable automaker in the world.

Indian market closes red for the fourth consecutive day, with S&P BSE Sensex falling over 450 points and Nifty50 below the 22,000 mark. Telecom stocks rise, while consumer durables and energy witness a decline.

ICICI Securities reported a significant increase in net profit to Rs 536.53 crore for Q4FY24, with a rise in revenue and approval of a second interim dividend. Bajaj Auto also showed a 35% YoY increase in PAT.

The short-term trend of the Nifty remains weak. There is a possibility of some more weakness down to 21,800-21,700 levels in the coming sessions, said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

Short covering signals a shift in view on security from extreme bearishness to bullishness.

This measure helps evaluate a stock's current worth and predict future price changes.

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Sandip Sabharwal discusses the challenges and opportunities in various sectors, emphasizing the importance of waiting for corrections to invest in high-growth potential stocks. He provides insights on telecom, exchanges, IT, consumer stocks, and global trends.

The company has a greater weightage in the Nifty IT index than TCS. Here's the breakdown

The Nifty Realty index closed 0.53 per cent down at 932.75.

The Indian rupee closed at a record low of 83.5375 against the dollar, stabilized by RBI intervention amid equity outflows. Analysts predict consolidation between 83.20-83.70, with Asian currencies and Korean won rising.

In Thursday's trading session, six largecap stocks from the Nifty200 index reached new 52-week highs.

The issue closes on April 25 and the anchor investors' allocation will be done on April 22. Investors can bid for a minimum of 36 shares in one lot and in multiples thereafter.

Coming to the buildup of fresh short positions, When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price was declining.

The IPO, which was completely a fresh equity issue of 12.6 lakh shares, received massive response from investors with a subscription of over 700 times at close.

When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

In April 2023, around nine new funds were offered, which mobilised Rs 1,828 crore.

Shareholding of individual investors is reflected in the Shareholding Pattern of BSE-listed companies on reaching 1% stake or above in the company.

ETMarkets highlighted six stocks that are held exclusively by one MF scheme and have surged anywhere between 10-50% during the current calendar year.

The latest shareholding pattern shows that GQG's ownership rose 202 basis points (bps) from 2.51% in December to 4.53% in the March quarter. In the case of Adani Power, the FII's stake rose from 1.33% to 5.2% sequentially.

A total of 369 shares changed hands on the counter till 01:44PM (IST).

On the technical charts, the 200-day moving average of the stock stood at Rs 2247.51.

On the technical charts, the RSI of the stock stood at 58.51.

The company reported a gross direct premium income (GDPI) of Rs 224,770 crore in FY24 compared to nearly Rs 2,100 crore in FY23, a growth of 17.8%, which was higher than the industry growth of 12.8%.

The last couple of years have been very good, not just for us, for the industry as a whole but mostly for established players with a good reputation and good products launched in good locations.

As of 31-Mar-2024, promoters held 51.46 per cent stake in the company, while FIIs held 11.54 per cent and domestic institutional investors had 4.81 per cent.

On the technical charts, the 200-day moving average of the stock stood at Rs 931.53.

The stock quoted a 52-week high of Rs 1309.75 and a 52-week low of Rs 819.0.

The stock quoted a 52-week high price of Rs 4032.0 and low of Rs 2997.05.

A total of 9,328 shares changed hands on the counter till 12:27PM (IST)

A total of 4,265 shares changed hands on the counter till 11:46AM (IST).

Notably, Delhi boasts of 25% of crypto investors, followed closely by Bengaluru with 16%. Mumbai (9%), Hyderabad (8.9%), Chennai (8%), Kolkata, Pune, Lucknow, and Ahmedabad also contribute significantly to the expanding presence of crypto enthusiasts in the country.

Now, in terms of the discussions with these investors, I believe, everybody is convinced about the India story. Everybody is convinced about the India telecom story because the industry today has a very right structure with three private players.

The stock quoted a 52-week high price of Rs 238.0 and low of Rs 100.01.

PPFAS manages assets of Rs 68,453 crore as of March 31, 2024.

A total of 8,732 shares changed hands on the counter till 11:31AM (IST)

Vodafone Idea's shares surged 4% to Rs 13.48 as its Rs 18,000 crore follow-on public offer opened, attracting strong interest from anchor investors like GQG Partners. However, analysts advise caution for retail investors, citing concerns about the company's debt burden.

The Adani family previously invested Rs 5,000 crore in the company on October 18, 2022, and Rs 6,661 crore on March 28, 2024. With the latest investment, it has completed Rs 20,000 crore planned infusion, the company said in a statement on Wednesday.

The Nifty Bank index was trading 0.41 per cent up at 47681.4.

A total of 25,252 shares changed hands on the counter till 10:40AM (IST).