Foreign Portfolio Investors (FPIs) have pulled out over Rs 10,000 crore from Indian equities in the first three weeks of September, primarily due to rising US interest rates, recessionary fears, and overvalued domestic stocks. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in […]
Day: October 21, 2023
Aeroflex Industries IPO to open on August 22Aeroflex Industries IPO to open on August 22
The initial share-sale of stainless steel flexible hose manufacturer Aeroflex Industries Ltd will open for public subscription on August 22. The initial public offering will conclude on August 24 and the bidding for anchor investors will open on August 21, according to the red herring prospectus (RHP). At present, promoter and promoter group members own […]
Crude oil ends lower after seven weeks of positive undertone; might see further technical correctionsCrude oil ends lower after seven weeks of positive undertone; might see further technical corrections
By Jigar Trivedi WTI crude futures steadied above $80 per barrel on Friday but were still set to finish the week lower, as China’s weakening economy and fears of further US interest rate hikes outweighed signs of tightening global supplies. The US oil benchmark is down nearly 4% so far this week, on track to […]