Mutual fund managers have purchased stocks worth close to Rs 5,000 crore in this month so far on sustained participation by retail investors.
Shares of HDFC Bank on Friday rose by over 2 percent, adding Rs 8,918 crore to its market valuation, after the company reported an 18.2 percent growth in net profit for the March quarter.
The 30-share index had soared about 162 points to hit a high of 29,584.34 in early deals, but surrendered gains in mid-session selling.
The securities would be issued on private placement basis, it said, adding that the approval of shareholders for the issuance would be sought in the ensuing annual general meeting.
The benchmark BSE Sensex rallied around 162 points in early trade today on widespread gains as investors indulged in widening bets amid firm overseas cues.
Markets regulator Sebi has decided to make daily cause list public about enforcement action taken against entities for violation of securities laws.
Sensex Next 50 index measures the performance of the subsequent 50 largest index-eligible stocks outside the BSE Sensex 50.
Indian shares ended higher on Thursday as investors picked beaten down counters, including technology stocks that lost ground on disappointing quarterly results from software services exporters Infosys Ltd and Tata Consultancy Services Ltd.
The offer for sale (OFS) opened to institutional investors yesterday, wherein foreign fund houses and domestic institutions bid for 1.84 times the shares on offer.
Investments in domestic capital markets via participatory notes (P-notes) have surprisingly surged to 4-month high of Rs 1.78 lakh crore at the end of March despite stringent norms put in place by Sebi to curb inflow of illicit funds.
The Sensex opened strong and shuttled between 29,453.06 and 29,341.68, before ending at 29,422.39, a gain of 85.82 points, or 0.29 percent.
The rupee on Wednesday staged a mild recovery after two sessions of losses and edged up 5 paise to end at 64.58 a dollar on fresh selling of the American currency by banks and exporters.
Shares of IT major TCS on Wednesday fell by over 2 percent after the company's March quarter numbers came in lower than estimates.
The PSU disinvestment drive for the current fiscal took off successfully today, with NALCO's share sale oversubscribed 1.63 times by institutional buyers.
Buoyed by forecast of a normal monsoon and shrugging off weak trend in global markets, the benchmark BSE Sensex rose over 54 points in opening trade today after investors took to select stock-picking.
Markets regulator Sebi is looking to allow investors to buy mutual funds worth up to Rs 50,000 through digital wallets to make it easier for investors to purchase these instruments, especially by young generation.
NSE Nifty reclaims the psychological 9,200-mark and BSE benchmark Sensex soared about 267 points in early trade today, triggered by across-the-board buying amid mixed overseas cues.
Hit hard by the note-ban, securitisation volume of microfinance institutions (MFIs) fell 21 per cent to around Rs 7,150 crore in fiscal 2017 compared to Rs 9,000 crore last year, says a report.
Stock prices on the mend, the Finance Ministry will nudge at least six public sector banks to hit markets to raise funds and ease the pressure on the exchequer of pumping in capital as per the Indradhanush plan.
Foreign investors have pumped in a whopping Rs 16,500 crore in the Indian capital markets this month so far on the back of improved investor sentiment and growth in manufacturing sector.