Thirty-seven-year-old Manish Sharma (name and professional details changed), an IT professional in Mumbai, lost his father nearly eight years ago due to a disease. When Sharma started going through his investments he realised that the process was not just tedious but there were hurdles galore. The added burden: His father had not named any nominee. […]
Will Nifty continue to add gains or fall in trade? See GIFT Nifty, FII data, F&O ban, crude, more before market opensWill Nifty continue to add gains or fall in trade? See GIFT Nifty, FII data, F&O ban, crude, more before market opens
GIFT Nifty traded flat at 19,792.50, marginally up 0.08%, indicating a tepid opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously on Tuesday, the NSE Nifty 50 rose 0.91% to settle at 19,689.85, while the BSE Sensex added as much as 566.97 points to 66,079.36. “From today the Q2 earnings season […]
Valiant Laboratories’ IPO to open on Sep 27Valiant Laboratories’ IPO to open on Sep 27
Pharmaceutical ingredient manufacturing firm Valiant Laboratories has decided to launch its initial share sale for public subscription on September 27. The Initial Public Offering (IPO), which is an entirely fresh issuance of 1.08 crore equity shares with no offer for sale component, will be concluded on October 3, according to the red herring prospectus filed […]
UltraTech Cement, Bharti Airtel, KEC International among 48 stocks that hit 52-week highs; 11 touch 52-week lowsUltraTech Cement, Bharti Airtel, KEC International among 48 stocks that hit 52-week highs; 11 touch 52-week lows
Benchmark indices NSE Nifty 50 and BSE Sensex were trading in the green intraday. The Nifty 50 gained 94.15 points or 0.45% to 20,087.35, and the 30-share Sensex surged 309.31 points to 67,530.44. Mid and Smallcaps took the lead in driving gains among the broader market indices. Bank Nifty surged as much as 408.70 points […]
Rupee likely to decline on yuan-led weakness in Asia fxRupee likely to decline on yuan-led weakness in Asia fx
The Indian rupee is expected to drop at the opening on Monday, tracking losses in Asian peers and on persisting worries over U.S. yields. Non-deliverable forwards indicate rupee will open at around 83.18-83.20 to the U.S. dollar, compared with 83.1025 in the previous session. Despite the RBI’s efforts, it “does feel inevitable” that the rupee […]
FII, DII data: FPIs sold shares worth Rs 2034 cr, DIIs bought shares worth Rs 1361 cr on October 3, TuesdayFII, DII data: FPIs sold shares worth Rs 2034 cr, DIIs bought shares worth Rs 1361 cr on October 3, Tuesday
Foreign institutional investors (FII) offloaded shares worth net Rs 2,034.14 crore, while domestic institutional investors (DII) added shares worth net Rs 1,361.02 crore on October 3, 2023, according to the provisional data available on the NSE. For the month till October 3, 2023, FIIs sold shares worth net Rs 2,034.14 crore while DIIs bought shares […]
Sebi to tell court Adani inquiry began 2014, but hit dead endSebi to tell court Adani inquiry began 2014, but hit dead end
India’s markets regulator will tell the country’s top court why it paused, then restarted investigations into the Adani Group after a tip in 2014 amid questions around regulatory delays, according to two people with direct knowledge of the matter. The Securities and Exchange Board of India (SEBI) will say for the first time that India’s […]
Oil prices rise to 10 month-high on China reserve ratio cutOil prices rise to 10 month-high on China reserve ratio cut
Oil prices rose to their highest level in 10 months on Friday, after China cut banks’ cash reserve requirements to boost its economic recovery, and on expectations that major global interest rate hike cycles were nearing their end. Brent crude rose 46 cents, or 0.5%, to $94.16 as of 0027 GMT, while the U.S. West […]
Plaza Wires set to debut on bourses; GMP looks favourablePlaza Wires set to debut on bourses; GMP looks favourable
Plaza Wires’ shares are scheduled to debut on the bourses today. Ahead of its listing, Plaza Wires’ shares’ GMP surged 42.59%. The IPO was subscribed 160.97 times. The Qualified Institutional Buyers (QIBs) category was subscribed 42.84 times, the portion for non-institutional investors received a 388.09-time subscription, and the Retail Individual Investors (RIIs) quota got subscribed […]
Ratnaveer Precision Engineering IPO opens for subscription, GMP up 49%; should you subscribe to the issue?Ratnaveer Precision Engineering IPO opens for subscription, GMP up 49%; should you subscribe to the issue?
Ratnaveer Precision Engineering IPO: Ratnaveer Precision Engineering IPO opened for public subscription on Monday, 4 September, and will close on Wednesday, 6 September. The bidding for anchor investors concluded on Friday, wherein the company collected Rs 49.5 crore. The price band for its public issue at Rs 93-98 per equity share of face value Rs […]