Share Market HIGHLIGHTS: Sensex ends volatile session up 195 pts at 72,500, Nifty at 21,983 led by IT, auto stocks

Share Market Today: Sensex ends volatile session up 195 pts at 72,500, Nifty at 21,983 led by IT, auto stocks

Share Market Today LIVE | Cipla, Lupin, Sun Pharma, other healthcare-related stocks fall; what's keeping investors cautious? 

Pharmaceutical stocks are a mixed bag in a volatile market on Thursday after drug pricing regulator NPPA fixed the the retail prices of 100 medicines, including medicines used in the treatment of cholesterol, diabetes, pain, fever, infection and excessive bleeding, and certain calcium and vitamin D3 supplements. Besides, a bunch of hospital- and healthcare services-related stocks remained under pressure after the Supreme Court said that the government's failure to standardise the charges for such services will lead to the enforcement of Central Government Health Scheme (CGHS) rates. 

The NPPA list included certain medicines manufactured by pharmaceutical companies such as Sun Pharma, Alkem Labs, Torrent Pharma, Cipla, Lupin and Mankind. Read more 

Share Market Today LIVE | Should you stay away from mid- and small-cap space for the time being? Here's what Anil Singhvi suggests 

The small- and mid-cap indices has witnessed a sharp decline on Wednesday. While the small-cap index has slid by 5 per cent, the mid-cap index has slipped by 3.4 per cent in intra-day trade. Such a sudden fall has made investors wonder if the fabled run of these two categories was ending. Is it a blip or will the decline continue? Zee Business managing editor and market guru Anil Singhvi decodes the reasons behind the downfall and suggests what investors should do amid such a decline.    

Singhvi says that after the one-sided rally in mid-and small-cap stocks, a fall of 4-5 per cent is not worrisome. Read more

IPO Update | Mukka Proteins IPO fully subscribed on Day 1

Mukka Proteins launched its initial public offering (IPO) on Thursday, February 29. The issue will conclude on Monday, March 4.

Mukka Proteins IPO subscription status

According to provisional exchange data, Mukka Proteins IPO's share sale received bids for 6,12,97,090 shares against 5,60,00,435 shares on offer, translating into a subscription of 1.09 times on Thursday, the first day of the bidding process so far. Read more 

IPO Update | Exicom Tele Systems IPO subscribed 51.38 times so far on final day

Exicom Tele Systems IPO opened for public subscription on Tuesday, February 27, 2024. The three-day subscription window of the EV chargers maker will close on Thursday, February 29, 2024. The public issue is available at a price band of Rs 135-142 per share.

Exicom Tele Systems IPO subscription status

According to provisional exchange data, Exicom Tele Systems IPO's share sale received bids for 93,63,24,400 shares against 1,82,23,540 shares on offer, translating into a subscription of 51.38 times on Thursday, the third day of the bidding process so far. Read more 

IPO Update | Platinum Industries IPO subscribed 39.85 times so far on final day

PVC and CPVC additives maker Platinum Industries launched an initial public offering (IPO) on Tuesday, February 27. The subscription window will be open for from 10 am to 5 pm for three trading days, till February 29. The Platinum Industries IPO comprises fresh issuance of 1.38 crore shares, estimated to be worth Rs 235.3 crore.  

Platinum Industries IPO Subscription status

According to provisional exchange data, Platinum Industries IPO's share sale has received bids for 38,38,68,882 shares against 96,32,988 shares on offer, translating into a subscription of 39.85 times, on Thursday the third day of the bidding process so far. Read more 

IPO Update | Mukka Proteins IPO opens for subscription; check out price band, lot size, allotment date, other details

Mukka Proteins launched its initial public offering (IPO) on Thursday, February 29. The issue will conclude on Monday, March 4.

Here are some important things to know about the Mukka Proteins IPO.

Mukka Proteins IPO price band

The company that manufactures fish meal, fish oil, and fish soluble paste has fixed a price band of Rs 26–28 apiece for its Rs 224 crore IPO.

The issue is entirely a fresh issue of up to 8 crore equity shares, aggregating to Rs 224 crore at the upper end of the price band, with no offer-for-sale (OFS) component, the Manguluru-based company said.

Mukka Proteins IPO Lot size

Investors can bid for a minimum of 535 equity shares and in multiples of 535 equity shares thereafter.

Mukka Proteins IPO allotment date

The basis of the allotment of shares under the IPO of Mukka Proteins is set to be finalised on March 5.

Mukka Proteins IPO listing date

Mukka Proteins stock is likely to be listed in the secondary market on March 7. The stock will be traded on the bourses, BSE and NSE. Read more 

Share Market Today LIVE | This airport-related stock is down over 40% from its all-time high; should you buy it at current levels?

DreamFolks Services' initial public offering (IPO) was a hit, as the Rs 562 crore issue was overall subscribed 56.68 times. The airport service aggregator company launched its three-day IPO on August 24, 2022, and the shares were listed on the bourses on September 6, 2022. It was a good debut as the stock was listed at Rs 505, a 55 per cent premium to the issue price of Rs 326 on the BSE.

After the debut, shares continued to rise and hit an all-time high of Rs 846.75 on August 2, 2023; this implied around a 160 per cent rally from the issue price. However, after the record high levels, the stock corrected, and currently, it trades around Rs 495. 

Should you buy the stock?

Motilal Oswal Financial Services (MOFSL) has initiated coverage on the stock with a 'buy' rating. Read more

Traders' Diary | Buy, sell or hold strategy on TCS, BHEL, Maruti Suzuki, Honda, Bajaj Auto, over a dozen other stocks today

In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Thursday, February 29. Check out the complete list of stocks on analysts Ashish Chaturvedi and Kushal Gupta's radar.

Here's the complete list of investment and trading ideas for the day:

Ashish Chaturvedi

• Buy Triveni Engineering shares in the cash segment for a target price of Rs 350 with a stop loss at Rs 330
• Buy Coal India March futures for a target of Rs 443 with a stop loss at Rs 430
• Technical pick: Buy Tata Consultancy Services shares for a target price of Rs 4,530 with a perspective of 3 months
• Fundamental pick: Buy Pfizer shares for a target of Rs 5,500 with a perspective of 12 months
• Investment idea: Buy Honda India Power Products shares for a one-year target of Rs 3,020. Read more 

Share Market Today LIVE | SEBI’s directive to AMFI to protect investors in small, midcaps timely and appropriate, say experts

The broader market, or mid- and small-cap indices, are trading with significant cuts, after the capital markets regulator, Securities and Exchange Board of India (Sebi), on Wednesday asked the Association of Mutual Funds in India (AMFI) to set up a framework for protecting investors in small and midcaps amid frothy valuations. It was the second consecutive day of decline in the second-rung stocks.

AMFI, as per a report by Reuters, asked members to moderate inflows into small and mid-cap funds and protect investors from large outflows after strong inflows raised concerns of a potential crash. The industry requested in a letter dated February 27.

The directive comes following a communication from the market regulator Sebi, which has also asked fund houses to provide more information about the risks associated with such funds. The fund houses have been given 21 days to comply. Read more 

Share Market Today LIVE | Brightcom Group slides nearly 7% after Sebi continues ban on promoter Suresh Reddy 

Brightcom Group shares slip nearly seven per cent on BSE after Sebi continued its ban on the company's promoter, Suresh Kumar Reddy. The stock of Brightcom Group is trading lower by 4.16 per cent, or Rs 0.73, at Rs 16.83 on BSE.

What is SEBI's confirmatory order?

In a confirmatory order released by Sebi on Wednesday, the regulator said that its restriction imposed on Reddy would continue in a case regarding irregularities in preferential allotments of shares made by the company. Read more

Share Market Today LIVE | Nifty Bank trades over 150 pts lower

Source: NSE

Share Market Today LIVE | Indiabulls Housing Finance slides nearly 5% after ED raids its offices in PMLA case

Indiabulls Housing Finance shares slip nearly five per cent on BSE after the Enforcement Directorate (ED) raided the company's Delhi offices. A day after Zee Business reported that the ED was taking action against Indiabulls Housing Finance, the stock of the company is trading 2.33 per cent, or Rs 4.35, lower at Rs 182.30 on BSE. 

#ZbizExclusive | ED की #IndiabullsHousing पर छापेमारी जारी 

Indiabulls Housing के दिल्ली ऑफिस में छापेमारी, PMLA मामले में ED की छापेमारी जारी

ED की M3M Realty पर भी छापेमारी

जानिए पूरी खबर इस वीडियो में.... #TradingView #StocksInFocus @talktotarun pic.twitter.com/o4pqOs2Gwf

— Zee Business (@ZeeBusiness) February 29, 2024

Why is ED raiding Indiabulls Housing Finance offices?

The ED is searching Indiabulls Housing Finance offices in a Prevention of Money Laundering Act case. The ED has also raided M3M Realty.

Indiabulls Housing Finance Rights Issue

Indiabulls Housing Finance on Wednesday approved a public issue worth Rs 100 crore. Read more

Share Market Today LIVE | Nifty slides below 21,900, Sensex down over 100 pts

IPO Update | GPT Healthcare makes a good debut, shares list at 16% premium

GPT Group healthcare arm GPT Healthcare’s shares make a decent debut in the secondary market on Thursday, February 29, entering the listed universe at a premium of around 16 per cent over the upper end of the issue price band. The stock begins trading on NSE and BSE at Rs 215 and Rs 216.2 apiece, respectively.

The listing was in line with market wizard Anil Singhvi's expectations. 

The Rs 525-crore IPO of GPT Healthcare, which owns and operates multispeciality neighbourhood tertiary care hospitals, concluded last week with an overall subscription of 8.5 times the equity on offer. Read more