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đź‘Ť Bajaj Housing Finance Approves IPO Plans
Hello,
Markets continued their recovery yesterday after ending positive for the second consecutive session. It was suggested that India offers an investment opportunity worth more than $500 billion in the clean energy value chain, Wipro secured a Rs 4,175 crore ($500Mn) deal from a US communication service provider and Bajaj Housing Finance approved a plan to raise funds through an IPO.
Markets
On June 6, both the Nifty 50 and the 30-stock Sensex continued their rebound into the second session, closing in positive territory, albeit slightly below their peak levels for the day.
Despite facing heightened volatility due to the weekly derivatives expiry, both indices retained a significant portion of their gains. The Sensex concluded the day higher by 692.27 points or 0.93 percent at 75,074.51, while the Nifty rose by 201.10 points or 0.89 percent to 22,821.40.
Nifty 50 | 0.89% | 22,821.40 |
BSE Sensex | 0.93% | 75,074.51 |
Nifty Bank | 0.48% | 49,291.90 |
Nifty Vix | (11.04%) | 16.80 |
Notable Gainer & Loser
Source: Moneycontrol
UNO Minda Ltd +13.49%
Shares surged by 13.5 percent after the company finalized a partnership with China's Inovance Automotive to enhance its electric four-wheeler product range.
This collaboration is deemed crucial by the management, as it is expected to considerably broaden their e-4W product portfolio, allowing them to better serve the expanding Indian EV market.
Sun Tv Network Ltd (NSE: B) (3.78%)
Shares declined by 3.5 percent as investors opted to capitalize on profits following the stock's recent strong performance during the market downturn.
Meanwhile, Sun TV shares defied the market correction, surging over 5 percent earlier in the week.
Yesterday’s Highlights
India presents over $500 billion investment potential in clean energy value chain. (ET)
Jaypee creditors choose IBC over NARCL's Rs 10,000 crore ($1.19Bn) offer. (ET)
Wipro secures Rs 4,175 crore ($500Mn) deal from US communication service provider. (BS)
Orient Green Power aims to increase authorized share capital to Rs 2,500 crore ($299Mn). (BS)
Tata Steel is in discussions with Dutch government on proposed decarbonisation roadmap. (BS)
NCLAT dismissed a plea filed by foreign investors against edtech giant Byju's. (BS)
Canon in discussions with Indian and global players to supply chip-making machine. (ET)
Six civic bodies expected to debut on Bond Street by next month. (ET)
Petroleum and Natural Gas Regulatory Board (PNGRB) aims to regulate LNG terminals. (ET)
Muthoot Microfin enters strategic co-lending partnership with SBI. (BS)
IPO / FPO / Issuances
This week’s mainboard IPO schedule
Company (RHP attached) | Offering Period | Listing Date | Issue Price (Rs) | Lot Size |
03-05 June 2024 | 10 June 2024 | 129 - 136 | 110 |
Bajaj Housing Finance board approves IPO plan to raise â‚ą4,000 crore through fresh issue and OFS component. (Mint)