A majority of the brokerages recommend investors to exercise caution. They say only those investors who can take high risks should go for this issue.
At noon, all sectoral indices were in the green, with auto, financials, capital goods, FMCG, healthcare, metals and realty indices adding 2-3 percent each
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China’s central bank slashed five-year loan prime rate by 15 basis points to 4.45 percent
The sources say the regulator has been using its database to spot front running based on synchronized movement in prices of stocks purchased by funds, on the day of purchase.
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eMudhra IPO: The company intends to utilize the net proceeds from the fresh issue to pre-pay or repay in part or full, the existing loans availed by the company to an extent of Rs 35 crore. Rs 40.2 crore will be used for funding its working capital requirements.
Ethos IPO: The luxury watch retailer aims to raise garner Rs 472 crore through the fresh issue of shares aggregating to Rs 375 crore and an offer for sale of 1,108,037 worth Rs 97.29 crore
At the interbank foreign exchange, the rupee opened at 77.51 against the American dollar, then gained further ground to quote at 77.49, registering a rise of 7 paise from the last close.
Experts are of the opinion that higher valuations demanded by the company for the issue was among the main reasons for the lackluster response to the IPO.
Rahul Kalantri, VP Commodities, Mehta Equities expects bullion prices to remain volatile in today’s session. Gold has support at Rs 50,330–50,110, while resistance is at Rs 50,740–50,950. Silver has support at Rs 61,140-60,750, while resistance is at Rs 61,950–62,410, he said.
A clean break from the investing style of 2020-21 is inevitable. Investing must be value-driven as money is going to hunt more for safety
The company reported a 15 percent year-on-year rise in consolidated revenues from operations to Rs 5,437 crore for the March quarter.
If India imports a major share of the energy it consumes and energy prices across the world are skyrocketing, then the Indian economic system must come to live with it and build high import costs into its pricing
In such a tumultuous market environment, it becomes necessary to find one’s bearings by taking stock of the drivers behind the volatility
The dollar index, which measures it against six major rivals, was down 1.5% for the week to 102.96, on track to snap a six-week winning run. A week earlier it had soared to the highest since January 2003 at 105.01.
We have been very vocal for the past one year that India deserves a higher PE premium compared to global peers and despite spike in commodity prices, especially oil, India's relative valuation premium remains at historically high levels.
China cut its five-year loan prime rate (LPR) by 15 basis points on Friday morning, a sharper cut than had been expected, as authorities seek to cushion an economic slowdown, though it left the one-year LPR unchanged. The five-year rate influences the pricing of mortgages.
Trends on SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 223 points
The Fed raised interest rates by 50 basis points earlier this month and Powell indicated it was on track to make similar-sized moves at its meetings in June and July, as well as start reducing the central bank’s bloated balance sheet. But in the months ahead, signs of a slowing economy and reduced price pressures would set the stage for a debate at the Federal Open Market Committee’s September 20-21 meeting on easing back to quarter-point hikes.
Stock Market LIVE Updates: Among sectors, metal, realty and pharma indices up 3 percent each, while auto, bank, FMCG and capital goods indices up 2 percent each.
The regulator also has put in place obligations of listed entity and debenture trustee (DT) with respect to preparation and submission of security cover format, according to a circular.
Falling channel breakout expected which can fill the gap in the Nifty
Weak sector and price breaks below support in Persistent System
Steel Authority of India is expected to remain sideways within our range. An Iron Condor trade to capitalise on high volatility.