The offer received bids for 1.79 crore shares as against 82.32 lakh shares on offer.
Posts in category Business Standard
Markets maintain momentum: Sensex & Nifty notch gains on global cues (04-03-2024)
The domestic stock markets extended their winning streak for a fourth day, with both Sensex and Nifty closing slightly higher on Monday. Positive cues from global stock markets and India’s better-than-expected Q3 GDP growth fueled investor sentiment. While oil & gas, banks, and financials led the gains, media, IT, and auto stocks saw some selling pressure.
Focus on fundamentals as valuations of stocks reach sky-high: Mirae Asset (04-03-2024)
“There are pockets of froth we are avoiding, particularly, where valuations have surpassed fundamentals,” said Neelesh Surana, chief investment officer – equity at the firm
Global algo traders gearing up to swarm India stock futures, Says SGX (04-03-2024)
The trading of the derivative contracts moved to GIFT City from Singapore last July after a dispute between SGX and National Stock Exchange of India Ltd
Singapore Market falls 0.43% (04-03-2024)
At closing bell, the Straits Times Index (STI) index was down 13.55 points, or 0.43% to 3,122.21 after trading between 3,119.70 and 3,147.40. Volume of 1.56 billion shares worth S$967.80 million changed hands. Across the broader market, decliners outpaced advancers 342 to 232.
BHEL ends sharply higher amid buzz regarding NTPC’s Singrauli Thermal Project (04-03-2024)
Bharat Heavy Electricals (BHEL) zoomed 12.34% to end at Rs 264.95 after media report suggested that the company could be a potential beneficiary from the third phase of NTPC’s Singrauli Super Thermal Power Project.
Palm oil dips on stronger ringgit, prospects of lower India purchases (04-03-2024)
Lower purchases of palm oil by India could keep inventories elevated in top producers Indonesia and Malaysia and weigh on benchmark futures
Quick Wrap: Nifty PSE Index gains 2.38% (04-03-2024)
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Hong Kong Market closes mixed (04-03-2024)
Investors are cautiously awaiting for China’s National Peoples Congress, the country’s most important political event, for updates on specific policies to help support the slowing economy, resolve troubles in the property market and stabilize financial markets.
Nifty March futures trade at premium (04-03-2024)
BHEL, HDFC Bank and RIL were the top traded contracts.