Bitcoin soared to a new all-time high of $89,600, edging closer to the significant $90,000 mark, driven by speculation over potential pro-crypto regulatory shifts in the United States. The cryptocurrency experienced a 9% jump in the last 24 hours, buoyed by optimism following Donald Trump’s presidential election victory and expectations of a crypto-friendly administration. Reports…
READ MOREDonald Trump has been elected as the 47th president of the US. Republicans have control of the Senate too. If the Republicans also manage to get control of the House, it would strengthen Trump’s hand further. We will have to wait and see if that happens. Nevertheless, given that Trump has been elected president, it…
READ MOREShares of agrochemicals manufacturer UPL on Tuesday rose 5.6% to their day’s high of Rs 552.70 on the BSE trade after the company reported a net loss of Rs 443 crore for the second quarter of FY25, widening over 2.3 times from the year-ago period. The company reported a revenue of Rs 11,090 crore for…
READ MOREDriven by a robust demand from retail investors, the initial public offer (IPO) of Niva Bupa Healthcare sailed through on Monday, the last day of the bidding process, being subscribed by 1.8 times. Retail participants had bid for 8,56,92,200 shares from the 3,14,28,571 reserved for them, subscribing to the issue by 2.73 times. This was…
READ MOREThe Indian equity market concluded Friday with a 0.5% weekly gain, led by gains in banking, financial, and metal stocks. As markets reopen on Monday, a mix of domestic and international events—including Q2 earnings reports, the US election, and global market dynamics—will likely shape market movements. On Friday, the Nifty 50 and BSE Sensex rose…
READ MOREThe grey market premium (GMP) of Swiggy stood at 5% or Rs 19 in the unlisted market three days ahead of its initial public offering (IPO), which will hit the Street on November 6 and will be available till November 8. However, a month ago, Swiggy shares were trading at Rs 515 in the unlisted…
READ MOREThe tide is turning against India’s smaller companies as weak earnings and a souring economic outlook spur a downturn in their shares. Key gauges of small- and mid-sized companies have tumbled since hitting September highs, putting them close to a so-called technical correction of a 10% peak-to-trough decline. The Nifty Midcap 100 Index is heading…
READ MOREThe shares of United Heat Transfer debuted on the NSE SME platform at a premium of 3.3% on Tuesday. The stock listed at Rs 60.95 as against an issue price of Rs 59. Considering the upper price band of Rs 380, the stock is expected to list at a premium of 29% over the issue…
READ MOREThe shares of Danish Power debuted on the NSE SME platform at a premium of 50% on Tuesday. The stock listed at Rs 570 as against an issue price of Rs 380. The IPO was entirely a fresh equity sale of 52.08 lakh shares and through the issue, the company raised about Rs 198 crore,…
READ MOREDeepak Builders and Engineers shares debut on the exchanges on Monday, listing at Rs 200 on the NSE, a 1.5% discount over its issue price of Rs 203. Considering the upper price band of Rs 203, the stock is expected to list at a healthy premium of 16% over the issue price. However, it is…
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