RBL Bank on August 29 announced that its board has approved a plan to raise up to Rs 3,500 crore through a Qualified Institutions Placement (QIP) of equity shares, and up to Rs 3,000 crore through the issuance of debt securities.This takes the total fund infusion approved by RBL Bank's board to Rs 6,500 crore through a mix of equity and debt instruments.Speaking about the QIP, RBL Bank said that t...

Shares of Premier Energies gained as much as 3 percent to Rs 1,023 in morning deals on Monday, September 1, as the one-year lock-in on a large chunk of its shares comes to an end, unlocking stock worth more than Rs 18,000 crore.According to Nuvama Alternative and Quantitative Research, nearly 185.2 crore shares, or 41 percent of the company’s equity, will become eligible for trade. Based on Frid...

Cricket player Rohit Sharma has offloaded little more than half a percent stake in Reliable Data Services, the Delhi-based IT services provider, via open market transactions on August 29.Rohit Sharma sold 53,200 shares in the company at Rs 163.91 per share, valued at Rs 87.2 lakh, the bulk deals data on the exchanges showed.As per the shareholding pattern dated December 2023, Rohit Sharma had held...

The market corrected for the third consecutive session, falling 0.3 percent on August 29 and 1.8 percent for the week. Bearishness prevailed, driven by weakness in technical and momentum indicators, with the index trading below all key moving averages except the 200-day EMA. Hence, according to experts, if the index fails to defend the 24,400 zone in the upcoming session, a fall toward 24,330-24,2...

Equity benchmark indices lost a third of a percent on August 29, marking a negative start to the September series and extending the downtrend for the third straight day. The market breadth was weak, with about 1,582 shares declining compared to 1,167 advancing shares on the NSE. The market may see rangebound trading after the sharp sell-off last week. Below are some short-term trading ideas to con...