All you need to know before the market opens on Friday: Dow Jones tumbled 1.5 per cent last night as fears of delayed Fed rate cut resurfaced; Asian markets down around 1 per cent.
Posts in category Business Standard
What is China doing to support its property market? All you need to know (24-05-2024)
China had 391 million square meters (4.2 billion square feet) of completed and unsold homes at the end of April, equivalent to 6.6 Manhattans, official data show
Should you buy gold now? Check key levels here before investing your money (24-05-2024)
The downside pressure on gold further intensified on Thursday on better-than-expected S&P US Global manufacturing and services PMI data
Stock trading guide for today: How to approach pharma, FMCG counters? (24-05-2024)
Technical indicators such as the RSI, MACD, and Stochastic are showing signs of potential correction and underperformance for the Nifty Pharma index
Sensex, Nifty hit new highs; RBI bonanza, election optimism boost sentiment (23-05-2024)
The Sensex ended the session at 75,418, with a gain of 1,197 points or 1.61 per cent, its biggest gains since March 1
Sebi proposes changes in IPEV capital valuation guidelines for AIFs (23-05-2024)
As per current guidelines, they were required to provide the data to performance benchmarking agencies within six months of the end of the financial year
Jio Financial Services seeks shareholders’ nod to increase FPI legroom (23-05-2024)
Plans to allow upto 49% foreign ownership; Move could be aimed at tapping overseas funds
Awfis Space Solutions IPO subscribed 4.27 times on second day of offer (23-05-2024)
The initial public offer of co-working space operator Awfis Space Solutions received 4.27 times subscription on the second day of bidding on Thursday.
The Rs 599 crore initial share sale received bids for 3,68,85,732 shares against 86,29,670 shares on offer, as per NSE data.
The portion for Retail Individual Investors (RIIs) got subscribed 12.25 times, while the category for non-institutional investors fetched 6.81 times subscription. The quota for Qualified Institutional Buyers (QIBs) received 32 per cent subscription.
The Initial Public Offer (IPO) has a fresh issue of up to Rs 128 crore and an offer for sale of up to 1,22,95,699 equity shares.
The price range for the offer is fixed at Rs 364-383 per share.
The IPO of Awfis Space Solutions was fully subscribed on the first day of bidding on Wednesday.
Awfis Space Solutions Ltd on Tuesday said it has mopped up a little over Rs 268 crore from anchor investors.
Promoter Peak XV Partners Investments V (formerly known as SCI Invest
NSE listed companies’ market capitalisation surpasses $5 trn mark (23-05-2024)
The market capitalisation of listed companies on the NSE surpassed USD 5 trillion (Rs 416.57 trillion) on Thursday on a day when the Nifty 50 index touched an all-time high of 22,993.60.
The Nifty 500 index also touched an all-time high of 21,505.25 on Thursday indicating that growth in the equity market is not restricted to only the large capitalised stocks, a statement by NSE said.
The journey of market capitalisation of listed companies from USD 2 trillion (July 2017) to USD 3 trillion (May 2021) took about 46 months, USD 3 trillion to USD 4 trillion (December 2023) took about 30 months and the latest USD 1 trillion addition took only about 6 months, the exchange said.
The top five companies by market capitalisation on the exchange are Reliance Industries, Tata Consultancy Services, HDFC Bank, ICICI Bank and Bharti Airtel.
Growth in market capitalisation is not restricted to the top companies but is observed across stocks, it added.
The resource mobilisation by corporates, …
SpiceJet upgrades Delhi-Bangkok flight to wide-body Airbus A340 (23-05-2024)
SpiceJet announced the upgrade of its daily Delhi-Bangkok flight to a wide-body Airbus A340, replacing the narrow-body Boeing 737. This enhancement will increase the seating capacity to 324 passengers per flight on the route, catering to the high demand during the holiday season. The upgraded service will commence on 31 May and continue until 20 June 2024.