Posts in category Business Standard
Platinum Industries IPO subscribed 22.19 times (28-02-2024)
The offer received bids for 21.37 crore shares as against 96.32 lakh shares on offer.
Exicom Telesystems IPO subscribed 27.76 times (28-02-2024)
The offer received bids for 50.59 crore shares as against 1.82 crore shares on offer.
Singapore Market falls 0.6% (28-02-2024)
On Monday, Kansas City Federal Reserve Bank President Jeffrey Schmid used a debut speech on policy to signal that he remains focused on the threat of high inflation and is in no rush to cut rates. In addition, Fed Governor Michelle Bowman on Tuesday indicated she is in no hurry to cut rates, given upside risks to inflation that could stall progress or even cause price pressures to resurge.
INR Settles Cautiously Lower; Domestic GDP Data Eyed (28-02-2024)
The Indian rupee declined by 3 paise to settle at 82.92 (provisional) against the US dollar on Wednesday, tracking bearish equity markets and foreign fund outflow amid increased month-end demand for the American currency. The benchmark S&P BSE Sensex fell 790.34 points, or 1.08 percent, to 72,304.88 while the broader NSE Nifty index tumbled 247.20 points, or 1.11 percent, to 21,951.15. However, softening crude oil prices provided a cushion to the Indian currency which was weighed down by a stronger dollar ahead of crucial US inflation slated for the week. Personal Consumption Expenditures (PCE) figures from January and Gross Domestic Product (GDP) revisions from Q4 are keenly awaited. The dollar index that measures the greenback against a basket of currencies is quoting at 104.03, up 0.28% on the day. Also, market participants were cautious ahead of the domestic GDP data to be released on Thursday and the US GDP numbers expected on Wednesday.
Crude oil falls 1% as Fed caution, stocks build offset Opec+ expectations (28-02-2024)
Brent crude futures fell 90 cents, or 1.08%, to $82.75 a barrel by 0902 GMT. U.S. West Texas Intermediate futures (WTI) were down 92 cents, or 1.17%, at $77.95
RK Swamy’s Rs 423 cr IPO with price band of Rs 270-288 to open on March 4 (28-02-2024)
Integrated marketing services firm RK Swamy Ltd on Wednesday fixed a price band of Rs 270-288 per share for its a little over Rs 423-crore Initial Public Offering (IPO).
The initial share sale will be opened for public subscription during March 4-6 and the bidding for anchor investors will open for a day on March 1, the company said in a statement.
The Rs 423.56-crore IPO comprises a fresh issue of shares aggregating up to Rs 173 crore and an Offer For Sale (OFS) of up to 87 lakh equity shares by selling shareholders worth Rs 250.56 crore at the upper end of the price band.
Those offering shares in the OFS are -- Srinivasan K Swamy, Narasimhan Krishnaswamy, Evanston Pioneer Fund LP, and Prem Marketing Ventures LLP.
Funds raised through the fresh issue would be used for setting up a digital video content production studio, establishing new customer experience centres and computer-aided telephonic interview centres as well as for general corporate purposes.
Also, funds would be util
Nifty February futures trade at discount (28-02-2024)
NSE India VIX advanced 3.83% as shares dropped.
Bitcoin rises 39.7% in Feb, heads for biggest monthly gain since Dec 2020 (28-02-2024)
The bigger bitcoin exchange-traded funds (ETFs), which were listed in the US on January 11, have seen a definite pickup in interest this week
Hong Kong Market falls on profit booking, property sector concerns (28-02-2024)
At closing bell, the benchmark Hang Seng Index retreated 253.95 points, or 1.51%, to 16,536.85. The Hang Seng China Enterprises Index tanked 118.44 points, or 2.04%, to 5,688.46.
Quick Wrap: Nifty Media Index declines 3.46%, NIFTY Tumbles 1.11% (28-02-2024)
Powered by Capital Market - Live News