Day: October 27, 2023

Nifty short-term trend still bullish; buy Jubilant FoodWorks, TechM, SBI Life to pocket gainsNifty short-term trend still bullish; buy Jubilant FoodWorks, TechM, SBI Life to pocket gains

By Shrikant Chouhan The benchmark indices witnessed profit booking at higher levels, Nifty ended 34 points higher while the Sensex was up by 18 points. Among sectors, the metal index continued to be outperformed, rallied over 2.5 percent whereas selective IT stocks registered profit booking at higher levels. On Tuesday, after a gap up opening, […]

FPIs turn net sellers after 6 months of investment; withdraw Rs 14,767 cr in SeptemberFPIs turn net sellers after 6 months of investment; withdraw Rs 14,767 cr in September

After sustained buying in the last six months, FPIs have turned net sellers and pulled out of over Rs 14,767 crore from Indian equities in September, primarily due to dollar appreciation, steady rise in the US bond yields, and a spike in crude oil prices. Going forward, the outlook for FPI flows in India is […]

Rakesh Jhunjhunwala-backed Concord Biotech IPO Listing: Shares have positive debut, list at 21.5% premiumRakesh Jhunjhunwala-backed Concord Biotech IPO Listing: Shares have positive debut, list at 21.5% premium

Concord Biotech IPO: Concord Biotech shares listed at an 21.5% premium over IPO price on NSE and BSE amid positive domestic market. The share debuted at Rs 819.9 apiece on the BSE, as compared to the issue price of Rs 741. Ahead of the public issue listing, Concord Biotech shares’ GMP rose to Rs 122 […]