The initial public offer (IPO) of HOAC Foods is getting a bumper response from investors with an overall subscription of 17 times just within a few hours of opening on Thursday. The issue closes on May 21. The IPO, which was priced at Rs 48 apiece, received bids for 1.97 crore shares as against just…
READ MOREEquity markets pared its initial gains on Thursday after witnessing resistance at higher levels. Analysts said relentless FII selling and elevated India VIX levels are putting pressure on the markets. “We expect the market to consolidate in a broader range as the election polling progresses and the result season nears the end,” said Siddhartha Khemka,…
READ MOREMumbai: Global index services provider MSCI has included 13 Indian stocks in its Global Standard Index and removed three. That takes the total count of domestic stocks on the MSCI indices to 146, up from 136. The change is scheduled for May 31 and India could potentially witness an inflow of $2.5 billion from global…
READ MOREWall Street’s three major indexes notched record closes on Wednesday with the benchmark S&P 500 and the Nasdaq both advancing more than 1%, after a smaller-than-expected rise in consumer inflation bolstered investors’ hopes for interest rate cuts by the Federal Reserve. All three indexes hit intraday record highs with technology stocks leading the charge. The…
READ MOREAsian stock markets rallied on Thursday, buoyed by Wall Street’s surge to all-time peaks overnight after a milder U.S. inflation report raised expectations the Federal Reserve will deliver at least two rate cuts this year. The dollar remained on a downtrend, sagging to fresh multi-week lows against peers including the euro and sterling. U.S. Treasury…
READ MOREEquity markets declined in a volatile trade on Wednesday. The 30-share Sensex declined 117 points to settle at 72,987 and the broader Nifty dipped 17 points to close at 22,200. Stocks that were in focus include names like Siemens India, which rose 6.33%, Oil India, which jumped 1.98%, and LIC, whose shares increased 6.82% on…
READ MORENIFTY Prediction Nifty index had a turbulent trading session, swinging within a 140-point range. Despite the volatility, the market displayed sideways movement, ending with a neutral candlestick on the daily chart. Resistance was noted in the 22,300-22,400 range, while support was found in the 22,000-21,950 zone. BANK NIFTY Prediction Bank Nifty index is having difficulty…
READ MORECipla. Share Price 1414.25 10:40 AM | 15 May 2024 56.91(4.20%) Coal India. Share Price 463.10 10:40 AM | 15 May 2024 14.20(3.17%) Dr. Reddy’s Laboratories. Share Price 5937.75 10:40 AM | 15 May 2024 68.95(1.18%) Adani Enterprises. Share Price 3066.10 10:40 AM | 15 May 2024 28.55(0.94%) NTPC. Share Price 359.05 10:40 AM |…
READ MOREBenchmark equities rose on Tuesday as stock markets continued the winning march for the third straight day on the back of gains. In today’s trade shares of PFC, Mankind Pharma, Patanjali Foods, Bharti Airtel, Siemens, Cipla among others will be in focus due to various news developments and quarterly results. PFC, Mankind Pharma, RVNL, Dixon,…
READ MOREMumbai: Sixteen domestic mutual funds, which held shares of ICICI Securities, voted in favour of parent ICICI Bank’s proposal to delist the broking arm, according to data compiled by primeinfobase.com. Seven fund houses opposed the plan in the voting process held on March 27, the data showed. The terms of the proposal were controversial with…
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