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Vraj Iron and Steel IPO Closes With 126 Times Subscription; Allotment On 02 July

Vraj Iron and Steel IPO closes on 28 June. The allotment is scheduled on 01 July, followed by the listing on the NSE and BSE on 03 July

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Nifty, Sensex Close In Red As Banks Stocks Dip

The other sectors such as Auto, FMCG, IT, Metal, Pharma, PSU Banks, Realty, Consumer durables, Oil and Gas trade in green

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Allied Blenders & Distilleries IPO Closes With Nearly 25% Subscription; Listing On 02 July

We expect a listing at around Rs 360 to 370 per share, resulting in a listing gain of around 27 per cent, says expert

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UBS Offshore Accounts: Sebi's Half Baked Case Against Indian Billionaires

Round Tripping of funds via Offshore Accounts linked to UBS Pluri was much hyped when SEBI summoned Anil Ambani in 2010. Unitech's Sanjay Chandra, liquor baron Vijay Mallya and Jai Shroff of United Phosphorus were also under the probe. Ambani and his associates together paid Rs 50 crores and faced debarment from stock markets, Chandra got clean chit and nothing yet on Mallya and Shroff. Another steel and oil businessman is untouched

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Stanley Lifestyles IPO Debuts With 34% Premium

During its subscription phase, Stanley Lifestyle IPO receives more than 200 times subscription from Qualified Institutions

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Nifty, Sensex Surge To Record Highs; Media, PSU Banks Drive Gains

Nifty Bank, Financial services, FMCG, IT, Media, Metal, Pharma, Realty, Healthcare, Oil and gas, and consumer durables start in the green territory

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New-highs Continue; Nifty Above 24,000 Level For The First Time

In the Nifty50 index, 37 stocks advance in the positive territory, while 23 stocks end in the red territory

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Sebi Board May Approve New Derivative Criteria For Stocks

New rules on F&O inclusion and exclusion being proposed to curb manipulation. Criteria around trading history and volumes to be tightened for inclusion of stocks in F&O. Also, stocks with lower trading in F&O to be automatically thrown out

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Dr Reddy’s Stock Rises Over 2% On Swiss Firm Acquisition

Dr Reddy's has been investing in the areas of access to novel molecules, consumer healthcare and digital therapeutics as additional levers for business growth

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India Cements Soars 10% As Ultratech Cement Acquires 23% Stake

The block deal is placed at Rs 267 per share, bringing the total potential investment to approximately Rs. 1,885.02 crore

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