All you need to know before the market opens today: GIFT Nifty futures were quoting atop 25,000-mark, hinting at over 100 points gap-up. Nikkei rallied nearly 3 per cent, while Kospi gained over 1 per
Posts in category Business Standard
Stock Market Live: GIFT Nifty signals higher start for Sensex, Nifty; Japan’s Nikkei jumps over 2.5% (29-07-2024)
Stock Market LIVE on Monday: At 6:37 AM, GIFT Nifty futures were up 88 points, trading at 25,003, suggesting a positive start for the day.
Ola Electric’s IPO to attract investor bids from Fidelity, Nomura (29-07-2024)
Ola Electric’s roughly $740 million IPO will open this week and will be the first by an Indian electric vehicle maker
Jigar S Patel of Anand Rathi recommends buying these three stocks today (29-07-2024)
After reaching a peak near the Rs 101-mark in September 2023, the IDFC First Bank stock experienced a substantial correction of 30 points, translating to a 29.34 per cent decline from its high.
Nifty 50 & Midcap Select: Check support, resistance and other details here (29-07-2024)
The Nifty 50 Index is on a bullish trajectory with key resistance at 25,050 and 25,336.
Bhavish Aggarwal’s Ola Electric IPO worth Rs 5,500 cr to open on August 2 (28-07-2024)
Ola Electric IPO price band to be announced on Monday
WazirX unveils recovery plan after $230 mn cyberattack, seeks user vote (28-07-2024)
WazirX will socialise the loss and distribute its impact across all the users on the platform
Ola Electric Mobility to launch IPO on August 2 to raise Rs 5,500 crore (28-07-2024)
Electric two-wheeler company Ola Electric Mobility will float its initial public offering (IPO) on August 2, and a significant part of the proceeds will be used for capacity expansion of its cell manufacturing plant and revving up R&D.
The initial share sale will conclude on August 6, and the bidding for anchor investors will open for a day on August 1, according to the red herring prospectus (RHP).
The company’s proposed IPO is a combination of a fresh issue of equity shares up to Rs 5,500 crore and an offer for sale (OFS) of 8.49 crore equity shares by promoters and investors, the prospectus showed.
Under the OFS, Ola Electric founder Bhavish Aggarwal will offload almost 3.8 crore shares.
The price band of the company’s maiden public issue will be announced on Monday.
For Ola Electric, the IPO will provide the much-needed impetus to invest in enhancing cell manufacturing capacity and research and development on future technologies and products.
According to its prospectus, Ola
Realty sector loses Rs 6,480 cr in mkt post Budget as investors concerned (28-07-2024)
Analysts feel removal of indexation may dampen investor sentiments, particularly in high-end segments
FPIs invest Rs 33,600 cr in equities in July amid continued policy reforms (28-07-2024)
Foreign investors injected over Rs 33,600 crore into Indian equities so far this month on the expectation of continued policy reforms, sustained economic growth and a better-than-expected earnings season.
However, they pulled out over Rs 7,200 crore from equities in the last three trading sessions (July 24-26) after the government hiked taxes on Futures and Options trades (F&O) and capital gains from equity investments in the Budget.
Market experts believe that Indian equity is well-positioned for the year to attract foreign investments. However, there may be some monthly volatility due to short-term news.
“Indian equity market and bond market are favourably placed for the year. This should attract foreign flows into the country. There could be some volatility in the flows on a month-on-month basis due to short-term news flows,” Nimesh Chandan, CIO of Bajaj Finserv AMC, said.
According to the data with the depositories, foreign portfolio investors (FPIs) have made a net inflow of .