Vibhor Steel Tubes closes with 193% rally in debut trade
Vibhor Steel Tubes | In volume terms, 22.22 lakh equity shares were traded on the NSE, while 1.10 lakh shares changed hands on the BSE during the day.
LIVE: Market to consolidate after last 4-Day winning streak; PSU Banks in Focus | Opening Bell
Indian stock markets are likely to consolidate after scaling record levels in the previous week. Markets to look for domestic triggers. Q3-FY24 results were broadly in line with expectations, with sectors like healthcare and cement performing well, while real estate and retail disappointed
Stocks to watch out for include Paytm, PB Fintech, Novartis India and Dr Reddy’s Lab amongst others
The primary market action for the week will see Juniper Hotels opening its Rs 1,800-crore IPO for subscription on February 21 followed by GPT Healthcare IPO on February 22, while Vibhor Steel Tubes is set to debut on the bourses on February 20 after the IPO closing with a massive 299 times subscription, in the mainboard segment.
Catch @onlynickey in conversation with Prashant Sawant-Founder Catalyst Wealth and Sandip Agarwal -Fund manager, Sowilo Investment Managers
Wall Street warming to big shale after $250 billion of deals
Diamondback Energy Inc.’s takeover of Endeavor Energy Resources LP announced on February 12 topped off a year of roughly $250 billion in US oil and natural gas deals that consolidated a fractured collection of private wildcatters into larger corporations
US judge says Elon Musk can seek review of order in SEC subpoena matter
The SEC is examining whether Musk followed the law when filing the required paperwork about his purchases of Twitter stock, and whether his statements in relation to the deal were misleading
Entero Healthcare Solutions shares close with 9% loss in debut trade
Entero Healthcare Solutions' market valuation stood at Rs 4,999.61 crore on the BSE.
Expect some impact on costs due to Red Sea crisis: Maruti Suzuki
Maruti Suzuki faces potential cost hikes from vessel rerouting amid Red Sea crisis; expects minimal impact on overseas car shipments.
No subsidised power to ministers, govt staff: Assam CM
Assam CM Sarma mandates prepaid meters for government quarters, halts subsidized power for ministers, officers, and employees.
Direct tax collection reaches 80% of revised FY24 target at Rs 15.60 lakh cr
Current fiscal's net direct tax collection surged 20% YoY to Rs 15.60 lakh crore, hitting 80% of revised full-year budget estimates.
LIVE: Post Monetary Policy press conference by RBI Governor Shaktikanta Das | Decodes key decisions
The MPC outcome is on expected lines. RBI will continue to focus on aligning inflation towards its target of 4 percent which is expected to be attained by the June-August quarter. But hopes of a rate cut will have to be pushed towards the second half of the year. Will the RBI throw some colour on the on-going PayTM fiasco? Watch Governor Shaktikanta Das address media queries post the announcement of RBI MPC decision.
ONGC, IOC, other oil PSUs to invest Rs 1.2 lakh cr in FY25
ONGC, IOC, and other oil PSUs will invest over Rs 1.2 trillion on refineries, petrochemicals, pipeline construction, and oil and gas exploration in the upcoming fiscal year, which begins on April 1.
Judicious, visionary budget: IMF ED KV Subramaniam on Interim budget 2024 | Moneycontrol
In an exclusive conversation with Moneycontrol, IMF ED KV Subramaniam called the last budget of Modi 2.0 govt before the general elections, judiciary and visionary. Watch more to know his take on the interim budget
Live: Market in high spirits ahead of Interim Budget; Will Nifty inch higher? ITC & L&T in focus
Indian equity market kicked off the Budget week on a sanguine note with the Nifty ending above the 21,750 mark. The index seems to be surpassing 21,750 and is likely to march towards 21,850-21,900 levels given the momentum in coming sessions, with support at 21,600-21,500 levels, experts said. They added that the Bank Nifty seems to have bottomed out last week with a strong bounce from the 200-day EMA (exponential moving average). On January 29, the market started off the February series on a strong note as the Nifty50 jumped 385 points or 1.8 percent to 21,738 and formed a long bullish candlestick pattern on the daily charts, indicating the bullish reversal trend in the market. The BSE Sensex climbed 1.8 percent or 1,241 points to 71,942. The broader markets also joined the rally as the Nifty Midcap 100 and Smallcap 100 indices gained 1.6 percent and 1.5 percent, respectively, while the India VIX jumped 13.09 percent to 15.68 levels. This morning global cues are strong and th4e GIFT Nifty is hinting at another gap up start above the 21,900 mark. Lots of stocks in focus today including ITC, Bajaj Finance, RIL and L&T among others. Catch Nandita Khemka in conversation with Sacchitanand Uttekar, TradeBulls Securities and Dhiraj Relli, MD & CEO, HDFC Securities.
BLS E-Services raises Rs 126 crore from anchor investors ahead of IPO
BLS E-Services has allotted 93.27 lakh equity shares to 10 funds at a price of Rs 135 apiece.
Revolutionary changes taking place in India-US relationship, says Amb Sandhu
Outgoing Indian Ambassador Taranjit Singh Sandhu highlights revolutionary changes in India-US ties, emphasizing vast, untapped potential beyond current achievements.
MacKenzie Scott trims Amazon Stake by $10 billion, Bloomberg reports
MacKenzie Scott, former spouse of Amazon's Jeff Bezos, reportedly sold 65.3 million shares, 25% of her stake, worth $10.4 billion.
Hot stock rally stirs fears over wall street’s big rate-cut bets
Equity rally challenges Powell as S&P 500 hits records, fueled by rate-cut expectations. Financial conditions loosen, posing concerns for Fed.
22 IAS, 79 IPS, 45 Bihar Administrative Service officers transferred in major rejig
Bihar government transferred 22 IAS, 79 IPS, and 45 BAS officers, including 5 DMs and 17 SPs; Patna DM Chandrasekhar Singh appointed special secretary in CM’s secretariat.
Donald Trump must pay additional $ 83.3 million to E. Jean Carroll in defamation case, jury says
E. Jean Carroll awarded $83.3 million in rebuke to ex-President Trump for social media attacks amid her sexual assault claims.
Polycab India Q3: Stay away till the dust settles
Favourable demand momentum from infrastructure and power sectors supporting the strong performance of Polycab
Indian plane not involved in Afghanistan aircraft crash, say officials
Indian officials deny involvement in Afghanistan plane crash amid reports, confirming no Indian aircraft accident in the region last night.
India's goods & services exports marginally up in 2023
Despite global economic uncertainties, India's goods and services exports show a slight increase of 0.4% to USD 765.6 billion in 2023.
Bansal Wire Industries files draft papers to raise Rs 745 crore via IPO
Bansal Wire Industries IPO | The maiden public issue is an entirely fresh issue of equity shares with no offer-for-sale (OFS) component.
Moneycontrol Policy Next LIVE | Navigating India's $10 trillion economy
Join us for a ground-breaking live stream on Moneycontrol Policy Next as we delve into the strategies, insights, and policies shaping India's journey to a $10 trillion economy. From analyzing the latest developments, discussing key policies, and providing real-time insights into the economic landscape, our expert panel will get into the details of driving India's economic future. Don't miss this exclusive opportunity to stay ahead in the world of finance and policy.
Ikea to reduce 20% prices on its products - Juvencio Maeztu | Davos 2024
Ikea is focusing on deepening its presence in Indian metro cities such as Bangalore & Mumbai. He shares his insights on how Ikea plans to reduce its product prices by up to 20% in India. At WEF, Juvencio Maeztu speaks to Moneycontrol’s Chandra Srikanth on investments in Ikea, their plan for store expansions, and why their product base is unique. For more information watch this video.
