Top Market Highlights Of The Day – Jan 11 , 2022

TOP 5 new insta template 29 1024x1024 Top Market Highlights Of The Day – Jan 11 , 2022

Flow into equity mutual funds surge to Rs 25K cr in Dec on strong SIP book

NSE to launch derivatives on mid-cap stocks index from January 24th

The NSE has secured approval from SEBI for the proposed launch of futures and options on the Nifty Mid-Cap Select Index which will go live on 24th of January. The Nifty Mid-Cap Select index is a focused portfolio of 25 stocks within the Nifty Midcap 150 index. The weightage of the stocks is based on the regular free-float market cap methodology. NSE will offer F&O with a trading cycle of 7 weekly expiration contracts excluding the monthly expiration contract. There will also be 3 serial monthly expiration contracts on it.

Market cap of BSE companies scales record high of Rs 274.73 trillion

In a significant recovery for the stock market value on the Bombay Stock Exchange, the market cap crossed Rs.274.73 trillion. It had last touched this level on 18-October. The interesting part is that the Nifty and the Sensex are trading nearly 3% below their historic highs so there is a lot of support from non-index stocks and the slew of fresh IPOs that have hit the market. In fact, after touching a peak on 19-October, Nifty and Sensex corrected nearly 10%, before recouping losses. Both indices gained 7.6% from the lows.

Five Star Business Finance, Waaree Energies get Sebi’s approval to float IPOs

Five Star Business Finance and Waaree Energies got SEBI approval for their DRHPs filed over a couple of months ago. While Five Star Business Finance is an NBFC, Waree Energies is a solar energy company. SEBI has given its observations on both the IPOs, which is tantamount to IPO approval. Five Star is backed by TPG, Matrix, Norwest, Sequoia and KKR and the IPO size is Rs.2,752 crore via OFS. Waree Energies is raising Rs.1,350 crore via fresh issue plus an OFS of 40.07 lakh shares. Waree will set up 2 GW solar cell facility.

Course5 Intelligence Ltd, a data intelligence company, filed DRHP with SEBI

Course5 Intelligence Ltd, a data intelligence company, filed DRHP with SEBI for its proposed Rs.600 crore IPO. The IPO comprises of a fresh issue of Rs.300 crore and an OFS of Rs.300 crore. The company is also likely to consider a pre-IPO placement of Rs.60 crore, in which case the IPO size will be commensurately reduced. The fresh issue will be used for funding the inorganic growth initiatives, working capital needs and to support its IP initiatives. Course5 relies on AI, analytics and insights to drive digital transformation.

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