The Latest Breaking News from NSE

Orient Cables IPO opens with GMP hinting 19% listing gains. Check key details

The Rs 552 crore Orient Cables IPO is a book-built issue comprising a fresh issue of 1.18 crore shares worth Rs 320 crore and an offer for sale (OFS) of 85.29 lakh shares worth Rs 232 crore.

The Economic Times · Sep 25

Runwal Enterprises IPO opens for bidding. Can it deliver long-term gains?

The Rs 499.83 crore Runwal Enterprises IPO is entirely a fresh issue of 1.64 crore shares, with no offer-for-sale component.

The Economic Times · Sep 25

Stocks in news: Waaree Energies, PB Fintech, Lemon Tree Hotels and Dr Lal PathLabs

Indian equity markets saw significant declines, with the NSE Nifty 50 index dropping by over 380 points. PB Fintech experienced a sharp 36% plunge after regulatory changes. Waaree Energies expanded into the specialty gases business to supply semiconductor manufacturers. Dr Lal PathLabs approved the acquisition of a majority stake in…

The Economic Times · Sep 25

The hype, the listing & the lessons: 5 takeaways for investors from the NSE IPO

NSE’s muted 0.8% listing premium despite stronger grey-market expectations highlights why GMP cannot predict IPO performance. Subsequent gains showed broader market conditions, valuations, fundamentals and post-listing price discovery can matter more than pre-listing sentiment for investors.

The Economic Times · Sep 24

The battle of bourses: NSE shook Dalal Street, beat BSE's broker club

The NSE listed its own shares on the BSE on Thursday, 34 years after its incorporation, marking an ironic milestone for the exchange created to challenge the BSE’s dominance. The story of NSE began with Manohar J. Pherwani, who proposed a national, computerised exchange after the 1991 economic reforms.

The Economic Times · Sep 24

NSE shares list with gains on debut day: How much Radhakishan Damani, Raamdeo Agrawal & other ace investors’ stakes are now worth

NSE shares gained up to 5% on debut day, lifting the value of stakes held by ace investors including Radhakishan Damani, Dolly Khanna, Raamdeo Agrawal and Motilal Oswal. Damani’s 1.58% stake was worth over Rs 7,340 crore at the day’s high, while brokerages retained a positive outlook on NSE.

The Economic Times · Sep 24

Info Edge shares plunge 7% as bloodbath in PB Fintech shares wipes off Rs 1,809 crore from recruiter's stake. What lies ahead?

Shares of Info Edge dropped 7% after a massive 32% crash in PB Fintech reduced the value of its 6.5% stake by Rs 1,809 crore in a single session. The sell-off follows IRDAI's proposed overhaul of insurance distributor commission structures and crackdown on digital dark patterns.

The Economic Times · Sep 24

PSUs in NSE IPO: How much did SBI, other government entities make in India’s second largest offer?

Ten public sector entities, led by SBI and New India Assurance, unlocked a combined profit of nearly Rs 12,802 crore through the Rs 22,562 crore NSE IPO offer for sale. Listed at Rs 1,800, NSE became India's ninth-largest listed firm with a Rs 4.63 lakh crore valuation.

The Economic Times · Sep 24

NSE draws brokerage attention on stock market debut as 3 firms initiate coverage on Day 1

NSE shares rallied after a muted listing at Rs 1,800, pushing the exchange into India’s ninth-most valued company with a market cap of Rs 4.63 lakh crore. The post-listing surge came as three major brokerages initiated coverage on Day 1 with positive ratings. Macquarie called NSE “The Dominator” and assigned…

The Economic Times · Sep 24

IPO reality check! Is GMP a useful signal or just market noise? Here’s what experts think

Investors frequently use grey market premium (GMP) to gauge interest in initial public offerings (IPOs) and their potential returns. However, the recent performances of companies like Hero Motors and SBI Funds Management highlight that GMP isn't always a dependable indicator. Experts warn that while GMP reflects market sentiment, it often…

The Economic Times · Sep 24