BSE To List On The NSE On 3rd February, 2017

Asia’s oldest bourse – the Bombay Stock Exchange (BSE), which lately concluded its Rs 1,243-cr initial public offering (IPO), will list on rival National Stock Exchange (NSE) on 3rd February, 2017. The IPO, which opened for subscription from 23rd- 25th January, was subscribed 51 times at a price band of Rs 805—806 per share.

The IPO was managed by Edelweiss Financial Services, Axis Capital, Jefferies India, Nomura Financial Advisory and Securities, Motilal Oswal Investment Advisors, SBI Capital Markets and SMC Capitals. Nishith Desai Associates was the legal advisor to this IPO while Karvy Computershare was their registrar.

The portion set aside for QIBs – qualified institutional buyers was oversubscribed close to 49 times and that of non-institutional investors a staggering 159 times. Sources stated that the retail investor category was also oversubscribed 6 times.
During the initial share sale, shareholders offered 1.54 cr shares estimated to be worth around Rs 1,243.44 cr at the higher end of the price band. This public offer of BSE is to offer a sale through the offer for sale (OFS) route. This works out to close to 30 per cent of total holding. The BSE’s initial share sale was the first in 2017 after twenty six (26) companies together garnered Rs 26,000 cr through IPOs in 2016, making it the best year for public offers since the year 2010.

NSE too filed draft papers with the Securities and Exchange Board of India (SEBI) last month for an estimated Rs 10,000-cr IPO.

Among the existing BSE shareholders are Bajaj Holdings Investment, Caldwell India Holdings, Acacia Banyan Partners, Singapore Exchange, Mauritius-based arm of American investor George Soros’ Quantum Fund and foreign fund Atticus. There are an estimated 9,000 shareholders of the BSE, where mostly brokers held shares earlier. However, a host of foreign investors and domestic financial institutions have acquired shares over the years and the IPO shall provide some of them an exit window to monetize their investments.

BSE is the world’s biggest exchange by number of listed companies. Shares of nearly 3,000 companies trade on the BSE, also known as the Bombay Stock Exchange. It is the world’s 10th largest exchange by market capitalization. The m-cap of BSE-listed companies stands at Rs 1,13,87,346 cr.

BSE is the Fastest Stock Exchange in the world with the speed of 6 micro seconds. It ranks amongst India’s leading exchange groups. Over the past 14 decades or 140 years to be precise, the exchange has facilitated growth of the Indian corporate sector by providing it with an efficient capital-raising platform. In the year 1875, the bourse was started as – “The Native Share & Stock Brokers’ Association”.

Alkem Laboratories Share Price down on USFDA Report

Alkem Laboratories share price was down over 4 per cent after the pharmaceutical company said that it has received the inspection report from the United States health regulator of the company’s manufacturing facility situated at Ankleshwar, which comprises three 483 observations. Alkem Laboratories said in a statement that the USFDA - United States Food and Drug Administration had conducted an inspection at the company’s API - Active Pharmaceutical Ingredient manufacturing facility situated at Ankleshwar, India from 5^th December to 9^th December, 2016.

The company said that it shall put together a detailed response with adequate preventive and corrective measures to address the US FDA observations and the same is to be filed within the timeline stipulated by the US FDA. In the month of September, the USFDA had conducted an inspection at the firm’s manufacturing formulations facility situated at Daman from 20^th September to 29^th September, 2016, which received 13 observations. As per the USFDA, observations are made in Form 483 when investigators feel that conditions or practices in the facility are such that products may become adulterated or render injuries to health.

At 12:18 pm, Alkem Laboratories share price was down 4 per cent as compared to 0.48 per cent decline in the S&P BSE Sensex. A combined 104,542 shares changed hands on the counter on the NSE and BSE. The stock opened at Rs 1668.45.

According to Dynamic Levels analysts and researchers, Alkem Laboratories belongs to the top 500 shares set for this quarter. It is a good stock for investment and Dynamic Levels market analysts and experts expect good returns from it. The stock has both strong financials and fundamentals.

In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Alkem Laboratories share price history.

Nifty Remains Choppy between 8700 and 8633

The Nifty opened at 8639 this morning, 13 points above its closing on the 30th of October (Mahurat Trading). The index then went on to make a low of 8633 before recovering sharply midway through the day’s trade. The Index displayed immense strength towards the second half of the day’s trade when it made a high of 8705. The short bout of buying however could not be sustained and Nifty slipped below its previous high of 8687. The benchmark index later closed at 8650, 24 points above its previous close of 8626. Top gainers today were Eicher Motors, Hindalco, Tatasteel, NTPC and HDFC.

TOP NIFTY GAINERS

Symbol	LTP	%	Traded	Value	Open	High	Low	Prev.
		Change	Qty	(in Lakhs)				Close
EICHERMOT	25,256.00	5.16	88,462	22121.83	24350	25520.9	24301.35	24016.95
HINDALCO	156.9	4.77	1,77,20,927	27759.83	150.5	159.5	149.7	149.75
TATASTEELL	417.6	3.19	94,71,668	39371.83	404.85	423.95	401.1	404.7
NTPC	155.35	2.85	33,99,010	5,223.60	151.7	156.55	150.7	151.05
HDFC	1,416.00	2.79	41,95,569	59,364.78	1,382.60	1,431.75	1,377.00	1,377.50
INFRATEL	355.55	2.32	26,67,615	9482.84	352.7	358.4	347.55	347.5
BHEL	141.8	2.01	70,66,800	10,023.55	140	143.5	138.6	139
BOSCHLTD	22,295.00	1.91	15870	3523.92	21900	22377.6	21815	21,876.20
AMBUJACEM	244.15	1.64	45,36,722	11,027.41	239.7	245.7	238.5	240.2
INDUSINDBK	1,212.85	1.49	17,07,549	20607.9	1197	1221	1186.25	1195

TOP NIFTY LOSERS

Symbol	LTP	%	Traded	Traded	Open	High	Low	Prev.
		Change	Qty	Value				Close
				(in Lakhs)
AXISBANK	475.1	-2.58	1,04,25,548	49,982.16	488.05	488.05	474.45	487.7
SUNPHARMA	734	-1.88	25,66,651	18,960.88	749	749	732.1	748.1
KOTAKBANK	804.4	-1.86	11,75,512	9,512.95	819.9	819.9	804	819.65
CIPLA	570.5	-1.43	8,80,843	5,049.52	579.45	579.45	570.1	578.75
ZEEL	511.2	-1.4	18,49,912	9,525.94	521.7	522.45	507.6	518.45
TCS	2,359.05	-1.34	14,67,388	34,801.45	2,399.70	2,399.70	2,334.15	2,391.05
TECHM	433.85	-1.33	46,43,934	20,116.13	436	436	429.55	439.7
AUROPHARMA	807.5	-1.29	11,08,116	9,053.20	824.8	826.75	806.8	818.05
YESBANK	1,251.00	-1.21	16,24,798	20,434.43	1,273.45	1,273.45	1,247.10	1,266.35
INFY	990.4	-1.17	31,66,399	31,422.08	1,006.80	1,006.80	986.4	1,002.10

Dynamic Sector Performance 01st November 2016

Auto- Tyres and Tubes, Fertilisers, Airlines, Paper are some of the top performing sectors of today's trading session.

A quick View of the Sectors

Hot Picks of the Day

Bank of Japan- Bank of Japan (BOJ) said it would keep its deposit rate steady at -0.1 per cent, and would continue to target a zero yield for 10-year Japan government bonds. Its only notable move was to push back the timeline for achieving 2 per cent inflation by one year, to fiscal 2018.

Tata Stocks Bounce Back- Tata group stocks today showed signs of recovery after three days of continuous decline, rising up to 5.6 per cent, on value-buying at a lower level. The group stocks had lost value over the last three days, taking the total market value erosion to over Rs 26,000 crores, amid concerns over sudden ouster of Cyrus Mistry as chairman of Tata Sons, the main holding firm for the group companies.

NSE High Volumes Stock Performer List

List of Top gainers on 01st November 2016

List of Top losers on 01st November 2016

BSE Sensex fell 53.60 points, or 0.19 per cent, to close at 27,876.61; Nifty closed up 0.55 point, or 0.01 per cent, at 8,626.25

Source: www.dynamiclevels.com