Shares of Ujjivan Small Finance Bank closed with a gain of 51 percent on the listing day, December 12, on the back of buying interest from investors and strong subscription seen during IPO.The stock closed at Rs 55.90 on the BSE, a gain of 51.09 percent, or Rs 18.90 over issue price of Rs 37. It touched an intraday high of Rs 62.80 and low of Rs 53.10 after listing at Rs 58.On the National Stock Exchange, it rallied 51.22 percent to end at Rs 55.95 after hitting a day's high of Rs 62.80 and low of Rs 53.05. The opening price was Rs 58.75.Close Ujjivan SFB traded with volumes of 25.14 crore shares on the NSE and 1.61 crore shares on the BSE. related news Sterling & Wilson Solar share price gains 3% after Australian arm executes order Hikal share price jumps 12% as Panoli plant receives EIR from USFDA HDFC becomes the 5th firm to cross Rs 4 lakh crore in market cap "The experience of Ujjivan Financial Services as an erstwhile microfinance institution, coupled with the … [Read more...] about Ujjivan Small Finance Bank gains 51% on the first day
Banks open on veterans day
The Nifty remained positive throughout the session to close half a percent higher on December 12, thanks to a dovish commentary from the US Fed and ahead of the UK exit polls. Banks, auto and metals stocks led the market higher, though IT capped gains.The index failed to hold on to the psychological mark of 12,000 touched intraday but closed above the 13-day exponential moving average (EMA), which indicates that the positive trend can continue in the coming sessions, say experts.The index formed a bullish candle on daily charts as the closing was higher than the opening value.Close India VIX fell by 0.24 percent to 13.34 levels. Lower volatility could support the index to attract support- based buying interest with a rangebound bias. related news Demand looking up for autos; these stocks likely to gain the most Morgan Stanley bullish on NTPC, Adani Ports and L&T Infotech Ujjivan Small Finance Bank: Should investors buy, sell or hold after the bumper listing? After … [Read more...] about Technical View: Nifty forms bullish candle, a close above 13-day EMA points to positive trend ahead
Tracking positive global cues, the bulls remained in control of D-Street on December 12 pushing the Sensex higher by more than 150 points while the Nifty flirted with 12,000.Let’s look at the final tally on D-Street: the Sensex rose 169 points to 40,581, while the Nifty closed 61 points higher at 11,971 after touching an intraday high of 12,005.Close Sectorally, the action was seen in metals, public sector, auto, banks, and capital goods space, while profit taking was visible in IT and telecom stocks. related news Hot stocks: One sell, two buy ideas for 7-9% returns Closing Bell: Nifty ends above 11,950, Sensex gains 169 pts; metal, bank shine IT remained under pressure largely on account of the Indian rupee touching one-month high against the US dollar.The BSE Midcap index was up 0.69 percent and the BSE Smallcap index rose 0.59 percent.Investors waited for infrastructure output and inflation data that was to be released after the market hours.“US FED’s … [Read more...] about Taking Stock: Bulls charge D-St! Ujjivan Small Finance up 50% on listing day
On the occasion of International Women’s Day, much has been spoken on the passage of the Women’s Reservation Bill.While the Congress has reiterated its promise to pass the bill if voted to power, the ruling BJP dispensation maintains a stoic silence on the subject.The bill, which promises 33 percent reservation for women in the Lok Sabha, was surprisingly also a part of the BJP’s manifesto ahead of the 2014 Lok Sabha Polls.Close The bill also proposes that one-third of the seats from the reserved seats will be fixed for Scheduled Castes and Scheduled Tribes. The reserved seats will be allotted by rotation to different constituencies in the Lok Sabha. Besides, the reservation will cease to exist after 15 years of commencement of the law. related news CBI carries out searches at 13 locations in Rs 568.52 crore bank fraud 200 recommendations of Swaminathan report accepted by govt: Agri minister Believe Congress will take 'good decision' about leadership: … [Read more...] about Women’s Reservation Bill | What is the debate around it?
The Karnataka assembly has been witnessing seemingly heavy turbulence with members of the ruling Congress-JD(S) coalition ‘disappearing’ before the session.In a recent development, the Congress has called for a Legislative Party meeting, summoning all MLAs on February 8 at 9 am.A Congress Legislative Party (CLP) meeting was called earlier too on January 18 this year where four defiant MLAs didn’t turn up. These four MLAs – Ramesh Jarkiholi, Mahesh Kumtalli, Umesh Jadhav, and Nagendra – remained absent on the first day of the Karnataka Assembly session. Besides, three other Congress MLAs didn’t show up, leading the total number of absentees to seven.Close In order to curtail the absenteeism, the Grand Old Party issued a whip on February 5 making it mandatory for its 80 legislators to attend the assembly sessions. related news CBI carries out searches at 13 locations in Rs 568.52 crore bank fraud 200 recommendations of Swaminathan report … [Read more...] about Explained | Karnataka Assembly: A whirlwind of defecting MLAs and a looming trust vote