Posts in category Business Standard
Buy Glenmark Life, Amber for up to 8% upside, recommends HDFC Securities (10-01-2024)
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities expects Nifty to face resistance around 21,750.
Nifty IT index trapped in consolidation range; Auto nears major hurdle (10-01-2024)
According to Ravi Nathani, an independent technical analyst, the Nifty IT index is seen consolidating in the 35,300 - 34,400 trading range.
Equity issuances could top $40 bn in 2024, says Kotak Investment Banking (09-01-2024)
The average listing gains stood at an encouraging 33 per cent, making the BSE IPO index the third-best-performing such index globally
Budget 2024-25 wishlist: Indian crypto players seek tax cuts to spur trade (09-01-2024)
Companies have urged the government to treat income gained from virtual digital assets (VDAs) at par with that derived from capital assets
Equity euphoria boosts record SIP additions in 2023, shows data (09-01-2024)
Elevated MF returns, preference for SIPs led to net additions of 15 mn accounts
Public issues of corporate bond zoom to four-year high, shows data (09-01-2024)
As of November, Power Finance Corporation raised the highest amount -- Rs 2,824 crore
Jyoti CNC Automation IPO ends 1st day with 2.51 times subscription (09-01-2024)
The Initial Public Offer (IPO) of Jyoti CNC Automation was fully subscribed within hours of opening for bidding on Tuesday, largely helped by heavy participation from retail investors, and later ended the day with 2.51 times subscription.
The IPO received bids for 4,40,01,675 shares against 1,75,39,681 shares on offer, as per NSE data.
The category for Retail Individual Investors (RIIs) got subscribed 8.25 times and that for non-institutional investors received 3.63 times subscription. The portion for Qualified Institutional Buyers (QIBs) got subscribed 2 per cent.
Jyoti CNC Automation on Monday raised Rs 448 crore from anchor investors.
The IPO is entirely a fresh issue of equity shares worth up to Rs 1,000 crore.
The public issue, with a price band of Rs 315-331 per share, will conclude on January 11.
Proceeds from the issue would be used for debt payment, funding the long-term working capital requirements of the company, and general corporate purposes.
Jyoti CNC Automation is
Bitcoin traded just below $47,000 mark as ETF frenzy continues: Report (09-01-2024)
The world's largest cryptocurrency briefly swung above $47,000 late on Monday boosted by excitement over several filings revealing what potential ETF issuers planned to charge in fees for the products
Goldman Sachs bumps up benchmark Nifty 2024-end target to 23,500 (09-01-2024)
The brokerage says the global macro environment has turned more favourable compared to two months ago with expectations of stronger US growth and optimism around rate cuts by the US Federal Reserve
Dip in US inflation expectations keeps Dollar steady, bitcoin holds gains (09-01-2024)
A reading on U.S. inflation is due later in the week, which will likely provide further clarity on how much room the Fed has to ease rates this year