Posts in category Business Standard
Sensex, Nifty kick off new year on a flat note amid high volatility (01-01-2024)
Stock markets kicked off the New Year on a flat note with benchmark Sensex closing with modest gains of 31 points in a highly volatile trading session on Monday helped by buying in energy, services and telecom shares.
The 30-shares barometer scaled new intraday record high of 72,561.91 before closing at 72,271.94, a gain of 31.68 points or 0.04 per cent over the last close. During the day, it hit a low of 72,031.23 and a high of 72,561.91.
The broader Nifty also hit its all-time intraday high of 21,834.35 before settling higher by 10.50 points or 0.05 per cent at 21,741.90. As many as 22 Nifty shares advanced while 28 declined.
Key stock indices remained volatile throughout the session as traders were indecisive in the absence of global cues, analysts said.
"Market exhibited strength led by optimism on rate cuts, easing global inflation, and softer bond yields. But profit booking was visible at higher levels as lingering concerns over Red Sea disruptions pose short-term risks to ..
Corporate bosses’ message for 2024: Focus on people, tech, geopolitics (01-01-2024)
In his letter this week, Adani said, there are lessons from the Hindenburg episode, which he would share with his workforce later
Markets witness stock-specific action, benchmarks ended with wild swings (01-01-2024)
Railtel, YES Bank, Vodafone Idea, and BHEL rose 2-6 per cent
Rupee trades narrowly on 2024’s first day, settling at Rs 83.24 a dollar (01-01-2024)
The narrow movement can be attributed to a combination of factors, including the weakening of the dollar index, and the Reserve Bank of India's proactive measures to maintain stability
Diffusion Engineers files IPO papers, will use funding for expansion (01-01-2024)
Engineering solutions provider Diffusion Engineers has filed preliminary papers with the capital markets regulator Sebi to raise funds through an initial share sale.
The initial public offering (IPO) is purely a fresh issue of up to 98,47,000 equity shares with a face value of Rs 10 each, according to the draft red herring prospectus (DRHP) filed on Dec 27.
Going by the draft papers, proceeds from the issue will be used by the company towards expansion of its existing manufacturing facility and setting up a new manufacturing facility in Maharashtra.
Proceeds will also be used towards funding working capital requirements and general corporate purposes.
Incorporated in 1982, Diffusion Engineers engaged in the business of providing engineering solutions to customers in domestic and international markets.
The Nagpur-based firm provides a wide range of products and services, including the manufacture of special welding consumables, wear plates and heavy engineering equipment, and provi
Record FPI inflows in debt market mark over 6-year high in December (01-01-2024)
FPI inflows in debt stood at Rs 18,393 crore in December, against Rs 14,106 crore in November, according to the data on the National Securities Depository Limited
Mutual funds’ equity buys hit Rs 1.7 trn in 2023, defying market swing (01-01-2024)
Aggressive buying indicates strong flows into equity funds in December
TAC Security plans to go public this year, aims Rs 100 cr turnover by 2026 (01-01-2024)
Global cyber security firm TAC Security on Monday announced its plan to go public this year and raise funds from the capital market to expand its operation with an aim to increase its turnover to Rs 100 crore by 2026.
SaaS (Software as a service) firm TAC Security, founded by entrepreneur Trishneet Arora in 2013, is one of the leading players in cybersecurity.
TAC Security, a pioneer in risk and vulnerability management worldwide, is eyeing a revenue of Rs 100 crore by 2026, a company statement said.
However, the company did not disclose its current turnover.
According to the statement, the company is aggressively exploring capital-raising options, including an initial public offering (IPO) in early 2024.
Beeline Capital Advisors Private Ltd has been appointed the exclusive book-running lead manager for the proposed IPO.
TAC Security CEO Arora said, "We are now embarking on our next growth stage, aiming for a nearly ten-fold increase in revenues by FY26 through organic growth and
Nifty ends with small gains on first day of 2024 amid profit booking (01-01-2024)
The blue-chip NSE Nifty 50 settled 0.05% higher at 21,741.90 points, while the S&P BSE Sensex added 0.04% to 72,271.94
Foreign investments into Indian bonds reached six-year high in 2023 (01-01-2024)
The U.S. 10-year bond yield has fallen to around 3.85% on rate cut hopes, widening the spread with its Indian peer to 335 basis points from around 240 bps in late October