Uninspiring listing of L&T Tech; Where is all the IPO money going; Indian market falling out of favour

ET Markets Daily Brief | Fri, Sep 23, 2016 | 04:41 PM IST Follow ET Markets

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After Credit Suisse, CLSA cuts India outlook  CLSA shaved off its overweight stance on India by 2 percentage points, removed real estate player DLF from its model portfolio & added textile company Arvind. Uninspiring debut: L&T Technology lists at Rs 920, ends flat The Rs 900 crore IPO issue was subscribed 2.53 times. The IPO was sold in the price band of Rs 850-860 between September 12 and 15. Does India's IPO mart have a fetish for finance? Look what we found Financial firms are in vogue. One reason is that non-bank financiers are doing a lot better than state-run lenders burdened with soured corporate debt.

Interview One to One "In the next 10 years, we will save more, we will seek more life insurance, we will invest more and that will mean BF... Saurabh Mukherjea, CEO, Ambit Capital

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Market Watch 23 Sep | 04:41PM| SENSEX NIFTY USD/INR GOLD 28668.22 ↓-104.91 8831.55 ↓-35.90 66.65 ↓-0.02 31290.00 ↓-42.00

Gainers Losers 23 Sep, 2016, 04:41PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low National Fittings Ltd. 226.50 20.00 121849 226.50 212.00 Adlabs Entertainment Ltd. 100.20 20.00 900575 100.20 94.80 ISMT Ltd. 11.29 19.98 284192 11.29 9.60

Tweet of the day... Vodafone's $7b equity infusion: Who gains and who loses in this matrix

FROM THE NEWSPAPER

HPL Electric IPO crawls, continues to see tepid demand among investors Data showed the issue received bids for 14.36 lakh shares by 1 pm, Friday, which was 9.9 times the issue size of 1.44 crore shares. STREET UPDATE: It was an action-packed day for market; look what happened Top 10 stocks that are likely to benefit from fall in interest rates While the market clearly expects a decline in inflation, it seems to be under-estimating both its intensity and duration, some experts on Dalal Street feel. Cement biggest money spinner, makes Shree Cement promoter India's 14th richest man 37 BSE-listed cement stocks have seen their combined market cap surge by Rs 1.4 lakh crore from their February lows to touch Rs 3.40 lakh crore on Thursday. Bharti Airtel hits back at Jio, launches special 90-day offer for 4G customers With this pack these customers can stay online round the clock without having to worry about exhausting their data limits or going for frequent recharges, the company added.

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