The portion reserved for qualified institutional investors was subscribed 11.62 times, while the quota set aside for non-institutional investors was subscribed 10 times.
Though analysts believe there may not be any immediate concern, the market gave the stock a thumbs down
Gold and silver prices fall to a 2-week low. Is it a good time to buy as India enters festivities? Find out with Karunya Rao and Manisha Gupta
Structural positives at play for Safari, earnings trajectory looks strong
There's no reason to doubt that India will give a 15 percent compounded return, and a $5,000 per capita at the end of a decade from today
Today's trend in bullion may remain down and any rise in prices may witness selling pressure. Gold has resistance at Rs 52000 and support at Rs 51000, said Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart.
At the interbank foreign exchange, the rupee opened at 79.60 against the US dollar, then fell to 79.68, registering a decline of 23 paise over the last close.
Privatisation can ‘crowd out’ new or greenfield investment, as there is no new physical capital being created
Is it time to start looking at IT stocks again? Sector cheerleader CJ agrees with CLSA's bullish view, but Santo feels it is too soon to get excited considering the looming slowdown in the US. Also, watch the duo spar on CESC, KPIT, Sona BLW and Kirloskar Oil Engines
Hikal share price clocked 9.2 percent gains at Rs 322.35, continuing uptrend for fourth straight day, and formed strong bullish candlestick pattern on the daily charts for second consecutive session. In fact, it has broken long down sloping resistance trend line adjoining September 16, 2021 and May 6, 2022.
A bull sash candle appearance near the breakout, and a strong RSI indicates a bullish breakout in Indian Hume Pipe
U.S. crude stocks fell by 7.1 million barrels in the week to Aug. 12 to 425 million barrels, Energy Information Administration (EIA) data showed, compared with analysts’ forecasts for a 275,000-barrel drop in a Reuters poll.
Spot gold was up 0.3% at $1,765.89 per ounce, as of 0055 GMT, after falling to a two-week low of $1,753.97 in the previous session.
A golden cross is seen recently in Hero Moto Corp
Tata Steel is expected to remain sideways within our range. An Iron Condor trade to capitalise
USDINR is expected to remain sideways within our range. A Double Butterfly (Asymmetrical) trade to capitalise on a sideways trend
Sterling Tools has corrected significantly and is near its support
Two consecutive bear sash candles formed in the daily time frame chart indicate further fall can be anticipated in Gold Mini
Europe markets retreated yesterday, having struggled to build positive momentum so far this week. Stoxx 600 slipped 0.5% by early afternoon, having given up earlier gains. Dax shed nearly 2%, while CAC ended over a percent lower. Stocks in the spotlight today – Natco Pharma, ONGC, Craftsman Automation. As several new NFOs hit the street, we decode if mutual fund investors should bet on them.
Stock Market Live updates: Buying was seen in realty, FMCG, power and banking names.
NTPC witnessed an Inverted Head & Shoulder pattern breakout on August 17 which was placed above Rs 159 levels on the daily time frame. The stock has closed above its neck line support which is an additional confirmation for the pattern.
Stocks to Watch: Check out the companies making headlines before the opening bell.
Stock Market News: Trends in SGX Nifty indicate a negative opening for the broader index in India with a loss of 16 points.
Major indexes sharply cut their losses after the release of the minutes, with the Dow briefly turning positive, before they returned to earlier lower levels.