Gift Nifty Up 98 Points | Regreen-Excel Files for IPO | DevX Plans Rs 1.3 Billion Fundraise | Top Buzzing Stocks Today

Thu, 12 Sep Pre-Open

   Previous Close   

   10:30 am   

   Closing   

Indian benchmark indices continued the downtrend as the session progressed and ended the day lower.

Indian equity benchmark indices shed their gains on Wednesday and were trading deep in the red amid weak global cues ahead of the release of key consumer inflation data in the US.

At the closing bell on Wednesday, the BSE Sensex stood lower by 398 points (down 0.5%).

Meanwhile, the NSE Nifty closed lower by 123 points (down 0.5%).

Bajaj Auto, Asian Paints and Britannia were among the top gainers.

Tata Motors, ONGC and Wipro on the other hand, were among the top losers.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

The BSE MidCap index ended 0.4% lower and BSE SmallCap index ended 0.5% lower.

Sectoral indices were trading mixed with socks in consumer durables sector and FMCG sector witnessing buying speer. Meanwhile stocks in oil & gas sector and energy sector witnessed selling pressure.

Gold prices for the latest contract on MCX were trading marginally 0.2% higher at Rs 72,084 per at the time of Indian market closing hours on Wednesday.

At 7:40 AM today, the Gift Nifty was trading 98 points higher at 25,077 levels.

Indian share markets are headed for a negative start today following the trend on Gift Nifty.

Speaking of the stock market, Rahul Shah, Co-head of research at Equitymatser talks about the surprising downfall of a legendary investor.

Learn why even the greatest can falter when faced with market volatility. And find out how you can avoid making the same mistakes.

Watch now

Top buzzing stocks today

Varun Beverages share price will be in focus today.

Shares of Varun Beverage jumped 4% to Rs 15,88 per share on 11 September 2024 ahead of its record date for a 2:5 stock split. This means that the stock will trade on an ex-split basis from tomorrow, 12 September onwards.

The board of directors has set September 12 as the 'record date,' which means this is the cutoff day to determine which shareholders are eligible for the company's stock split.

Infibeam Avenues will also be a top buzzing stock.

Shares of Infibeam Avenues fell as much as 85 as the stock traded ex-date for the spin-off of its digital marketing arm Odigma Consultancy Solutions.

Today (September 11) is also the record date for the purpose of determining the eligibility of shareholders of Infibeam Avenues for the issue and allotment of equity shares of Odigma Consultancy Solutions.

Regreen-Excel files for IPO

Ethanol plant manufacturer Regreen-Excel EPC India Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).

The company's initial share sale comprises a fresh issue of equity shares worth Rs 3.5 bn and an offer-for-sale (OFS) of 11.4 m equity shares by promoters, according to the draft red herring prospectus (DRHP).

The company proposes to utilize the net proceeds from fresh issue for payment of debt, funding margin money requirements for the purpose of availing bank guarantees; and for general corporate purposes.

Regreen-Excel EPCR is a technology-driven EPC company, engaged in designing, manufacturing and supplying ethanol plants.

Over the years, the company has built end-to-end capabilities in setting up ethanol plants, across feedstocks such as molasses/ sugarcane syrup, grains or a combination thereof commissioning solutions to their customers.

Since the company's inception to July 15, 2024, it has executed 113 projects across various feedstocks, which consist of 53 molasses-based projects, 57 grains-based projects and three Multi Feedstock projects.

As of 15 July 2024, the company had an order book of 64 ongoing projects worth Rs 3,452 crore, which aggregate to over 10,000 kilo litres per day of ethanol capacity.

DevX Plans Rs 1.3 Billion Fundraise

Dev Accelerator (DevX), Gujarat's largest managed office spaces provider, intends to raise fresh capital of Rs 1.3 bn for further expansion ahead of its forthcoming IPO.

The draft prospectus for the public offer is likely to be filed with Sebi by the end of this month. Pantomath Capital Advisors has been appointed as the sole banker to the issue.

The fresh funds will be used for national and global expansion and grow to 2 m sq ft area, as per industry sources. The company has already signed up a million square feet for the next two years.

Why Sona BLW Share Price is Rising

Shares of Sona BLW Precision Forgings rose by 3.4% to the day's high of Rs 738.95 on 11 september after the company announced that it had successfully raised Rs 24 bn through a Qualified Institutional Placement (QIP) on Tuesday.

Several major investment managers participated in the QIP, including SBI Mutual Fund, ICICI Prudential Mutual Fund, White Oak, Goldman Sachs Asset Management, Axis Mutual Fund, Aditya Birla Mutual Fund, Norges, BNP Paribas Fund, Fidelity International, Franklin Templeton, and Fidelity Management & Research. Their involvement signals confidence in the company's long-term growth prospects.

The QIP, which opened on September 4 and closed on 9 September, involved the issuance of 3.48 crore equity shares to qualified institutional buyers (QIBs) at an issue price of Rs 690 per share, including a premium of Rs 680 per share.

The company added in the exchange filing that the proceeds from the QIP will bolster its capital structure, supporting both organic and inorganic growth strategies.

Jefferies India and JM Financial were the Book Running Lead Managers (BRLM) for the QIP. Shardul Amarchand Mangaldas & Co acted as the legal counsel for Sona Comstar, while AZB & Partners and Linklaters Singapore acted as the legal counsels for the BRLMs.

So far in this calendar year, the shares of Sona BLW have advanced 14%, while in the last six months, they have gained 5%.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers