IMSL Integrated Master Securities Pvt Ltd

The domestic equity benchmarks pared most of the losses but traded with minor cuts in mid-morning trade. The Nifty marched above the 22,250 level after hitting the day's low of 22,185.20. PSU bank shares advanced after declining in past four consecutive trading sessions.

At 11:30 IST, the barometer index, the S&P BSE Sensex was down 171.2 points or 0.23% to 73,347.48. The Nifty 50 lost 36.75 points or 0.16% to 22,265.75.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.52% and the S&P BSE Small-Cap index added 0.51%.

The market breadth was positive. On the BSE, 2,076 shares rose and 1,450 shares fell. A total of 169 shares were unchanged.

IPO Update:

The initial public offer (IPO) of TBO Tek received 19,19,968 bids for shares as against 92,85,816 shares on offer, according to stock exchange data at 11:15 IST on Wednesday (08 May 2024). The issue was subscribed 0.21 times.

The issue opened for bidding on Wednesday (8 May 2024) and it will close on Friday (10 May 2024). The price band of the IPO is fixed between Rs 875 to Rs 920 per share. An investor can bid for a minimum of 16 equity shares and in multiples thereof.

The initial public offer (IPO) of Aadhar Housing Finance received 53,09,402 bids for shares as against 7,00,89,373 shares on offer, according to stock exchange data at 11:15 IST on Wednesday (8 May 2024). The issue was subscribed 0.08 times.

The issue opened for bidding on Wednesday (8 May 2024) and it will close on Friday (10 May 2024). The price band of the IPO is fixed between Rs 300 to Rs 315 per share. An investor can bid for a minimum of 47 equity shares and in multiples thereof.

The initial public offer (IPO) of Indegene received 29,61,44,937 bids for shares as against 2,88,66,677 shares on offer, according to stock exchange data at 11:15 IST on Monday (7 May 2024). The issue was subscribed 10.26 times.

The issue opened for bidding on Monday (6 May 2024) and it will close on Wednesday (8 May 2024). The price band of the IPO is fixed at Rs 430 to Rs 452 per share. An investor can bid for a minimum of 33 equity shares and in multiples thereof.

Buzzing Index:

The Nifty PSU Bank index jumped 1.54% to 7,194.90. The index fell 6.78% in past four consecutive trading sessions.

Indian Bank (up 2.99%), Canara Bank (up 1.83%), Central Bank of India (up 1.56%), UCO Bank (up 1.44%), Indian Overseas Bank (up 1.36%), Bank of Baroda (up 1.12%), Punjab & Sind Bank (up 0.94%), Bank of Maharashtra (up 0.85%), Punjab National Bank (up 0.78%) and State Bank of India (up 0.6%) advanced.

Stocks in Spotlight:

Indraprastha Gas rallied 5.71% after the company?s net profit jumped 16% to Rs 382.20 crore in Q4 FY24 as compared with Rs 329.75 crore in Q4 FY23. Revenue from operations (excluding excise duty) fell 2% to Rs 3,596.69 crore in Q4 FY24 from Rs 3681.99 crore posted in Q4 FY23.

Pidilite Industries slipped 4.77%. The company reported 6% increase in consolidated net profit to Rs 304 crore on an 8% rise in net sales to Rs 2,890 crore in Q4 FY24 as compared with Q4 FY23.

Global Markets:

Most of the Asian stocks declined on Wednesday following a sluggish US session overnight. Investors are looking for signs of strong corporate earnings before pushing this month's rally further. Optimism over eventual interest rate cuts was dampened by Fed officials signaling steady rates in the near-term.

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Integrated Master Securities Pvt Ltd: Member of NSE & BSE- SEBI Registration No-INZ000175931 | CDSL: Depository Services through Integrated Master Securities Pvt Ltd- SEBI Registration No: | NDSL: Depository Services through Integrated Master Securities Pvt Ltd- SEBI Registration No: IN-DP-499-2020 | Commodity trading through MCX & Ncdex.- SEBI registration No-INZ000033534

Please read the Risk Disclosure Document prescribed by the Stock Exchanges carefully before investing. There is no assurance or guarantee of the returns. Investment in securities market are subject to market risk, read all the related documents carefully before investing.

ATTENTION INVESTORS:
1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020.
2. Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
3. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month
4. Prevent Unauthorized Transactions in your demat account. Update your Mobile Number / Email ID with Integrated Master Securities Pvt. Ltd. To receive alerts on your Registered Mobile for all debit and other important transactions in your demat account and information of your transactions directly from NSDL\CDSL on the same day. Issued in the interest of investors.
5. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

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