BSE shares surged over 2 percent to Rs 2,885 apiece on May 9 after the stock exchange clocked an 18 percent year-on-year (YoY) rise in net profit at Rs 107 crore in the January-March quarter (Q4FY24). However, the profit growth was limited due to an outgo of Rs 169.7 crore to Sebi as a regulatory fee on the notional value of options contracts.So far this year, the stock of BSE surged over 27 perce...

Shares of Manappuram Finance and Muthoot Finance plummeted up to 8 percent on May 9, a day after the Reserve Bank of India reportedly sent them an advisory letter limiting cash disbursal of loans.The central bank has reportedly asked both NBFCs to strictly adhere to the Income Tax Act (IT) provision on cash disbursement and said that no NBFC should disburse loan amounts over Rs 20,000 in cash.The ...

The initial public offering (IPO) of Blackstone-backed Aadhar Housing Finance saw a subscription rate of 62 percent on the second day of bidding on May 9. Investors had bid for 4.32 crore equity shares, whereas the offering comprised 7 crore equity shares.Non-institutional investors led from the front, buying 81 percent of the issue reserved for them. Retail investors bought 57 percent of the allo...

Muthoot Finance shares have seen increased buying interest in the May series, with the cumulative open interest in futures rising 0.53 percent. Options matrix hints at a good support base formation at 1,600 and 1,660 levels while long unwinding is witnessed in call writing positions at 1,700.Avani Bhatt, Senior Vice president of derivative research at JM Financial recommended taking a bull call ra...

Banking stocks HDFC Bank, ICICI Bank, State Bank of India (SBI), and Punjab National Bank, among others, have slipped as much as 9 percent in the past 3 days after the Reserve Bank of India (RBI) proposed norms to tighten project financing by setting standard asset provisioning of up to 5 percent on loans.However, reports suggested that the lenders are likely to oppose imposition of higher provisi...