SEBI’s move on valuing AT1 bonds will protect investors, but may kill the market for these bonds

The asset management industry is facing unlikely competition from the new-age discount brokers like Zerodha that are luring retail investors away from mutual funds into equity trading

Increased financialisation of savings and digitisation are going to shape the future of financial services and CAMS fits into both these themes well

50 percent of the IPO portion is reserved for qualified institutional buyers, 15 percent for non-institutional bidders and 35 percent for retail investors.

With over 30 public offers garnering Rs 39,000 crore in FY21, amid signs of ample liquidity, the primary market is expected to remain active in FY 2021-22 as well; blockbuster LIC IPO expected later in the year

Macrotech Developers IPO will open for subscription on April 7 and will close on April 9

Macrotech Developers (formerly Lodha Developers) is planning to mop up Rs 2,500 crore through its initial public offering

The stock opened with an 80.7 percent premium at Rs 1,990 compared to the issue price of Rs 1,101 on the NSE and hit the day#39;s high of Rs 2,024.90 before erasing some gains in the afternoon session.

One lot of Nazara Technologies was available for subscription at Rs 14,313 and on listing, the value zoomed to Rs 26,349.7, translating into a profit of Rs 12,036.7. Even at the day#39;s low of Rs 1,590, the profit was at Rs 6,357 a lot.

Nazara Technologies has marketfirst positions in India across sports simulation and eSports. The company#39;s eSports content business grew by 60 percent in FY20 from FY19 and has grown by nine times in the last three financial years.

Gaurav Garg of CapitalVia Global Research feels the tepid performance of Suryoday Small Finance Bank on the listing day can also be attributed to the recent selling pressure in the financial services sector.

The Suryoday Small Finance Bank share, which opened with a 3.9 percent loss on the BSE, corrected 11 percent intraday despite strong market conditions.

Investors looking for listing gains should exit the stock on March 26 itself, while long-term investors can hold the stock only if they want a better exit it, experts have said.

Nirmal Bang believes Barbeque Nation Hospitality has robust engine and would be back on track soon.

Suryoday Small Finance Bank listed on the bourses, just, to meet the RBI guidelines which says the small finance bank has to get listed after the completion of three years from the receiving license.

The muted subscription to its IPO and bearish trend in equity market dented sentiment.

Currently, Kalyan Jewellers is trading at a discount price in the grey market compared to its issue price of Rs 87, the IPO Watch data showed.

It listed at Rs 156.20, a gain of 20.15 percent from the issue price on BSE. During the day, the stock jumped 34.23 percent to Rs 174.50.

BSE healthcare and realty indices rose 1 percent each, while some selling was seen in banking names.

"Nifty has to cross and hold above 14,700 zones to witness an up move towards 14,850 and 15,000 zones, while on the downside support exists at 14,450 and 14,300 levels," said Chandan Taparia of Motilal Oswal Financial Services.

JSW Steel, Hindalco, Tata Steel, Adani Ports and IndusInd Bank were among top gainers on the Nifty, while losers included HUL, HDFC Life, Nestle, TCS and HDFC Bank.

FY21 was the best fiscal year in absolute terms—the Sensex gained 20,040.66 points and Nifty added 6,092.95 in FY21.

All the sectoral indices ended in the green, with the Nifty metal index rose 3.6 percent. BSE midcap and smallcap indices gained over a percent each.

Nifty PSU Bank, FMCG, auto, infra, IT and energy indices slipped 2-3 percent. BSE midcap and smallcap indices fell 1.8-2.2 percent.

Among sectors, Nifty Metal and PSU bank indices slipped 3 percent each, while Nifty Auto and Nifty Bank shed over 2 percent each.

Broader indices outperformed the benchmarks, with BSE midcap and smallcap indices rising 0.7-1 percent on yet another day of volatile trade.

All the sectoral indices ended in the green, with the Nifty energy index gaining 3 percent, while metal and FMCG indices added 2 percent each.

Among sectors, IT index shed 3 percent, pharma fell over 2 percent and PSU Bank index declined 2 percent.

All the sectoral indices ended in the red with Nifty PSU Bank index falling nearly 4 percent.

The broader indices outperformed the benchmarks with BSE Midcap and Smallcap indices ending in the green.

Selling seen in auto, infra and pharma sectors, while metal, IT and PSU bank end in the green.

More than 200 stocks, including Quick Heal Technologies, IFCI and Mindtree hit a fresh 52-week high on the BSE.

Barring Nifty Bank and IT, all other sectoral indices ended lower. BSE Midcap and Smallcap indices also ended in the red.