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Ratnamani Metals zooms 16% ahead of record date for bonus shares issues

Ratnamani Metals zooms 16% ahead of record date for bonus shares issues

Thursday, June 30, 2022

Shares of Ratnamani Metals and Tubes Ltd jumped to hit a 52-week high level of ₹1,920 apiece on the BSE in Thursday's early deals as the stock started trading ex-bonus, a day ahead of its record date for the bonus shares issue. The company will issue one bonus share for every two shares held by the existing shareholders. The bonus issue of shares was announced on May 18, 2022. The record date for the bonus issue is July 1. The Bonus Shares will be issued out of Securities Premium Reserve, Free Reserves, Retained Earnings available as at March 31, 2022. The Bonus shares will be credited/dispatched within 2 months from the date of board approval i.e. latest by July 17, 2022, it had said.“The Bonus shares once allotted shall rank pari-passu in all respects and carry the same rights as the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action, recommended and declared after the new equity shares are allotted," the company added. Read more

MARKET UPDATE:Sensex down 541 points at 58,496 and Nifty at 17,446, lower by 171 points

MARKET UPDATE:Sensex down 541 points at 58,496 and Nifty at 17,446, lower by 171 points

Monday, January 24, 2022

The Indian benchmark indices extended their opening losses amid broad-based selling today(24th January 2022). The BSE Sensex was down 541 points at 58,496 and the NSE Nifty was at 17,446, lower by 171 points. Bajaj Finance was the top loser on the Sensex, down 3 percent, followed by Tech M, Wipro, Bajaj Finserv, Titan, Asian Paints, Infosys, Tata Steel, Ultratech Cement, HCL Tech, Dr. Reddy's, Kotak Bank, Axis Bank, HDFC Bank, and TCS. On the Nifty, Divis Labs and Hindalco were the top losers, down 5 and 3 percent, respectively. Sectorally, the NiftyConsumer Durables, IT, Metals, and Realty were now down over 2 percent each. Financials, auto, and pharma were 1 percent lower. Read more

MARKET UPDATE:BSE Sensex up 100 points at 59,962, and NSE Nifty at 17,839, higher by 34 points

MARKET UPDATE:BSE Sensex up 100 points at 59,962, and NSE Nifty at 17,839, higher by 34 points

Wednesday, January 5, 2022

The Indian benchmark indices were seen recovering slightly in early morning deals in a volatile market today(5th January 2021). The BSE Sensex was up nearly 100 points at 59,962, and the NSE Nifty was at 17,839, higher by 34 points. Banking counters were the leading gainers with the Nifty Bank index up 1.2 percent. The top gainers on the Sensex were Bajaj twins(up 2 percent), followed by HDFC Bank, ICICI Bank, Axis Bank, SBI, up percent each. Metal stocks were also strong with APL Apollo, Jindal Steel, SAIL, JSW Steel, NMDC, HindCopper, Tata Steel, up between 0.6-1.8 percent. On the flip side, IT and Pharma stocks were the major laggards. Tech Mahindra, HCL Technology, Wipro, Infosys, and TCS were trading 0.8-2 percent lower on the BSE. Read more

MARKET UPDATE:volatile;BSE Sensex nearly 50 points lower at 57,755 while the Nifty50 testing the 17,200-mark

MARKET UPDATE:volatile;BSE Sensex nearly 50 points lower at 57,755 while the Nifty50 testing the 17,200-mark

Thursday, December 30, 2021

The benchmark indices opened on a quiet note for a second day amid slow investor participation and concerns around the omicron variant. The BSE Sensex was nearly 50 points lower at 57,755, while the Nifty50 was testing the 17,200-mark. In the broader markets, the BSE MidCap was 0.1 percent lower dragged by RBL Bank, Oberoi Realty, Shriram Transport Finance, Godrej Properties, Indian Hotels, Lodha, JSW Energy, IRCTC, down 1-3 percent. The BSE SmallCap index was, however, in the green zone, up 0.3 percent. Among Sensex-30 constituents, PowerGrid, Wipro, Tata Steel, Titan, Bharti Airtel, HCL Technologies, Tech Mahindra, Dr. Reddy's, Maruti, TCS, Infosys were the leading gainers, up 0.3-1 percent. On the Nifty, Tata Consumer was the additional gainer. Read more

MARKET UPDATE:Sensex added 76 points to quote at 60,084 levels while Nifty hovered around 17,900-mark

MARKET UPDATE:Sensex added 76 points to quote at 60,084 levels while Nifty hovered around 17,900-mark

Thursday, November 18, 2021

Indian benchmark indices started higher on Dalal Street today(18th Nov.2021) amid gains in PSU Bank, FMCG, and metal stocks. The S&P BSE Sensex added 76 points, or 0.13 percent, to quote at 60,084 levels in early deals while the Nifty50 hovered around 17,900-mark. In the broader markets, the BSE SmallCap index extended its outperformance into the third day, up 0.32 percent. Among individual stocks, ITC rose 1 percent and was the top performer on the Sensex index, followed by SBI, Asian Paints, Power Grid, and Titan Company. On the downside, M&M was the biggest laggard, down 1.2 percent. Shares of Vedanta, meanwhile, slipped around 2 per cent on the Nifty on profit booking after the company said it has appointed a committee of directors to evaluate and recommend a range of options and alternatives, including demergers, spin-offs, or strategic partnerships of its aluminium, iron & steel, and oil & gas businesses. Read more

MARKET UPDATE:Sensex declined 134 points at 60,585 levels while Nifty dipped 32 points to quote at 18,077-mark

MARKET UPDATE:Sensex declined 134 points at 60,585 levels while Nifty dipped 32 points to quote at 18,077-mark

Tuesday, November 16, 2021

The Indian benchmark indices started in the negative territory today(16th Nov.2021) amid selling in metals and financial counters. The BSE Sensex index declined 134 points, or 0.22 percent, in early deals at 60,585 levels, dragged by Tata Steel, HDFC, Reliance Industries, Axis Bank, Kotak Bank, and Asian Paints. The NSE Nifty50, too, dipped 32 points to quote at 18,077-mark. Meanwhile, the broader MidCap and SmallCap indices on the BSE rose up to 0.2 percent. Among individual stocks, Escorts rose 0.23 percent after the company said its board is scheduled to meet on November 18, to consider and evaluate proposals for raising funds by way of issue of bonds/ debentures/ any other securities. Read more

MARKET UPDATE: Sensex at 60,133 levels, down 220 points and Nifty down 75 points at 17,942 levels

MARKET UPDATE: Sensex at 60,133 levels, down 220 points and Nifty down 75 points at 17,942 levels

Thursday, November 11, 2021

Indian benchmark indices started lower for the third straight day today(11th Nov.2021) amid tepid global cues. The BSE Sensex was quoting at 60,133 levels, down 220 points or 0.36 percent, in early deals dragged by Tech M, HDFC, ICICI Bank, HCL Tech, M&M, and Axis Bank. On the upside, Titan Company, Maruti Suzuki, Tata Steel, L&T, and NTPC were lending some support. All these stocks were up in the range of 0.2 percent and 1.7 percent. Its NSE counterpart, Nifty50, was down 75 points at 17,942 levels. In the broader markets, the BSE MidCap and SmallCap indices gained 0.05 percent and 0.17 percent, respectively. Among individual stocks, shares of Zomato surged 5 percent in the intra-day trade on the BSE after the company said it will invest $50 million in e-commerce start-up Magicpin for a 16 percent stake as part of the total funding round size of $60 million. Read more

MARKET UPDATE: Sensex at 60,531 levels, down 14 points, and Nifty unchanged at 18,068 levels

MARKET UPDATE: Sensex at 60,531 levels, down 14 points, and Nifty unchanged at 18,068 levels

Tuesday, November 9, 2021

Indian benchmark indices started flat, with a negative bias, today(9th Nov.2021) amid profit booking in financial, metals, and FMCG space. In early deals, the 30-pack Sensex index was at 60,531 levels, down 14 points or 0.02 percent. Its NSE counterpart, Nifty50, meanwhile, was unchanged at 18,068 levels. Divi's Labs, ONGC, M&M, Hindalco, and Tata Motors were the top-performing stocks on the 50-share index while Britannia, HDFC, HDFC Bank, Infosys, and Power Grid were the top laggards. On the contrary, the MidCap and SmallCap indices on the BSE were up 0.6 percent and 0.4 percent, respectively. Among individual stocks, TVS Motor Company surged 10 percent in the mid-cap space amid reports that the company is evaluating the possibility of a fund raising exercise for its Electric Vehicle business. Read more

MARKET UPDATE: Sensex at 60,118 levels, down 21 points,while at 17,923, down 6 points

MARKET UPDATE: Sensex at 60,118 levels, down 21 points,while at 17,923, down 6 points

Tuesday, November 2, 2021

Profit-booking in metals, pharma, and select market heavyweights like Reliance Industries, HDFC, ITC, SBI, and Tech M has brought the benchmark indices off highs today(2nd Nov.2021) At 10:10 AM, the Sensex index was at 60,118 levels, down 21 points, while the Nifty50 was at 17,923, down 6 points. In the broader market, however, the BSE MidCap index was up 0.4 percent and the BSE SmallCap index was up 0.8 percent. Sectorally, shares of the companies engaged in the Shipping business were rallying on the bourses after data showed exports in the month of October surged over 40 percent. Shreyas Shipping rallied over 13 percent in the intra-day trade, followed by GE Shipping Corp (4 percent), and SCI (3 percent). The Nifty Healthcare index was down 1 percent with Sun Pharma falling over 3 percent, Dr. Reddy's Labs (1.5 percent), and Dr. LalPath Labs (1 percent). In the currency markets, the rupee opened at 74.85 per US dollar compared with Monday's close of 74.87/$.

MARKET UPDATE:Volatile market;Sensex at 61,327 levels, up 403 points while the Nifty at 18,281 level, up 103 points

MARKET UPDATE:Volatile market;Sensex at 61,327 levels, up 403 points while the Nifty at 18,281 level, up 103 points

Friday, October 22, 2021

The Indian benchmark indices are holding on to their opening highs, although some pressure in the metal space is capping gains. At 10:05 AM, the BSE Sensex index was at 61,327 levels, up 403 points or 0.66 percent. It touched an intra-day high of 61,420 levels earlier today (22nd Oct.2021). NSE Nifty, too, was off the morning high of 18,314 level, and quoted at 18,281 level, up 103 points. Among individual stocks, shares of the Indian Energy Exchange (IEX) rallied 10 percent to Rs 832.85 on the BSE in Friday’s intra-day trade, after the company posted strong earnings for the second quarter ended September 2021 (Q2FY21) and also announced bonus shares in the ratio of 2:1. The stock, however, partially pared gains and was trading 4 percent higher at Rs 789.15 on the BSE.

No need to lap up metal stocks yet, hint tech charts

No need to lap up metal stocks yet, hint tech charts

Tuesday, September 21, 2021

On Monday(20th Sept.2021) metal shares witnessed their biggest meltdown in recent times as a debt crisis at one of China’s biggest property developers, Evergrande, led to a global decline in industrial metals and ore prices. The BSE Metal index tumbled nearly 7 percent in trade in the last session. Naturally, the question arises that Should you enter the stocks at current levels or wait for them to turn cheaper? Tech charts suggest the latter seems to be a better option. Read more

Nifty Metal index slips over 4%, Tata steel was the top drap performance

Nifty Metal index slips over 4%, Tata steel was the top drap performance

Monday, September 20, 2021

Shares of metal companies came under heavy selling pressure on Monday with the Nifty Metal index slipping 4.5 percent on the National Stock Exchange (NSE) in the intra-day trade. The Nifty Metal index has tumbled by nearly 250 points so far today with an intraday low of 5,683.85. The performance comes after the country's copper imports recorded double-digit growth for the June 2021 quarter by a whopping 26% to 60,766 tonnes in the quarter ending June 2021 (Q1FY22) compared to 48,105 tonnes imports witnessed in the same quarter a year ago. A decline in copper price on the back of a stronger dollar further added to the sell-side in stocks globally. Tata Steel was the top drag performance in the index tumbling by 10% as some analysts give a sell target on the company's stock. Read more

Closing Bell: Sensex down 525 points, Nifty at 17396.90

Closing Bell: Sensex down 525 points, Nifty at 17396.90

Monday, September 20, 2021

At close, the Sensex was down 524.96 points or 0.89% at 58,490.93, and the Nifty was down 188.30 points or 1.07% at 17,396.90 for the second day spooked by a possible spillover of China's Evergrande's debt woes, fall in commodity prices and ahead of US Federal Reserve policy meet outcome. About 995 shares have advanced, 2308 shares declined, and 132 shares are unchanged. Hindustan Unilever was the top Sensex gainer followed by Bajaj Finserv and ITC. Tata Steel was the top loser, followed by the State Bank of India, IndusInd Bank, and HDFC. Barring the Nifty FMCG index all indices ended in red. Nifty Metal tumbled the most followed by the Nifty PSU Bank index, down 6.6 percent and 4.18 percent, respectively. Nifty Realty, Bank, Pharma also tanked nearly 2 percent each. The BSE Midcap index plunged 1.84 percent and the BSE Smallcap 1.8 percent. India VIX zoomed 14.85% during the day to close at 17.49.

Sensex falls amid global sell-off

Sensex falls amid global sell-off

Friday, August 20, 2021

Indian stocks tanked today (20th August 2021) following their global peers as the fear of earlier-than-expected Fed tapering set off a selling spree. Barring select names in the IT sector, all sectoral indices traded in the red. Metals were among the worst hit as they also dealt with plunging iron ore and other metal futures prices. India VIX, barometer of volatility, surged nearly The 30-share Sensex index declined 300 points, or 0.4 percent, and closed at 55,329 levels on Friday while the Nifty50 index ended at 16,451 levels, down 118 points or 0.7 percent. Both the indices had hit intra-day lows of 55,014 and 16,376, respectively, earlier today(20th August 2021). Read more

MARKET UPDATE:Sensex up 80 points at 54,600 levels and Nifty hovered around 16,312-mark, up 30 points

MARKET UPDATE:Sensex up 80 points at 54,600 levels and Nifty hovered around 16,312-mark, up 30 points

Thursday, August 12, 2021

Indian equities made a cautious start today(12th July 2021), after a roller-coaster session yesterday, on the back of gains in auto, metal, and PSU bank stocks. The BSE Sensex index was up 80 points at 54,600 levels while the Nifty50 hovered around 16,312-mark, up 30 points. In the broader markets, the BSE MidCap and SmallCap indices were trading higher, up 0.28 percent and 1 percent, respectively. Key companies like Ashok Leyland, Aurobindo Pharma, Eicher Motors, Hero MotoCorp, IRCTC, NMDC, Natco Pharma, Oil India, Page Industries, Power Finance, BPCL, and Tata Steel are slated to post their quarterly earnings today.

Tata Steel rides metal rally

Tata Steel rides metal rally

Friday, July 30, 2021

The metal index has risen 10 percent in the last five trading sessions, compared with a 0.3 percent decline in the Sensex. The performance of metal stocks has been impressive since the outbreak of Covid-19. Tata Steel has been a prime beneficiary of investors’ renewed interest in metal stocks. The steel major’s share price has risen 18 percent over the past week and it has added nearly Rs 27,000 crore to its market capitalisation. The company was among the top-performing large-cap stocks on Thursday and closed with gains of 6.9 percent. Hindalco was, however, the top index gainer on Thursday and was up 10.2 percent. Read more

Fag-end buying in Reliance Industries, auto, and metal counters helped Indian benchmark indices erase most of the day's losses

Fag-end buying in Reliance Industries, auto, and metal counters helped Indian benchmark indices erase most of the day's losses

Wednesday, June 2, 2021

Fag-end buying in Reliance Industries, auto, and metal counters helped Indian benchmark indices erase most of the day's losses and helped them end nearly flat for the second straight day. Moreover, a surge in Brent Crude price, which was hovering around $71 per barrel, exerted pressure on the bourses. The frontline S&P BSE Sensex ended at 51,849 levels, down 85 points or 0.16 percent, with ITC (down 3 percent), Asian Paints, HDFC, Axis Bank, Tech M, HCL Tech, and TCS leading the list of losers. This was countered by gains in IndusInd Bank, Reliance Industries, SBI, Power Grid, Bajaj Auto, and Maruti Suzuki, which rallied up to 2 percent. On the NSE, the Nifty50 index settled at 15,576 levels, up 1 point. Both the indices hit their respective lows of 51,450 and 15,460 earlier in the day. The BSE MidCap index, which hit a record peak of 22,164 earlier today, closed 1.7 percent higher at 22,141 levels. Read more

Four IPOs worth Rs 4000 crore is expected to hit the market in a few weeks

Four IPOs worth Rs 4000 crore is expected to hit the market in a few weeks

Saturday, May 15, 2021

Four deals worth a cumulative Rs 4,000 crore is expected to hit the market over the next 3-5 weeks, said investment banking sources. Shyam Metalics, Dodla Dairy, Krishna Institute of Medical Sciences (KIMS) Hospitals, and Clean Science and Technology are among the companies planning to tap the market. While the recent volatility in the secondary markets is a concern, experts believe the sentiment towards IPOs is still buoyant. Bankers said many new investors had taken a liking to IPOs — a big confidence booster for issuers. “The immediate volatility is not a concern. People are factoring in the next financial year numbers. Investors expect the next year to be normal and growth-oriented, giving comfort to issuers,” said Ajay Saraf, executive director, ICICI Securities. Read more

Tag: metal

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