The offer received bids for 236 crore shares as against 1.82 crore shares on offer.
Posts in category Business Standard
India’s Core Sector Growth Falls To 3.6% In January (29-02-2024)
At 3.6 percent, the growth in India’s eight key infrastructure industries in the first month of 2024 is the lowest in 15 months.
China Market surges on policy support hopes (29-02-2024)
Next week’s annual session of the National People’s Congress, where the annual growth target will be set and a plan will be laid out for achieving it, will provide the clearest indications of the government’s stimulus efforts.
Mukka Proteins IPO subscribed 2.47 times (29-02-2024)
The offer received bids for 13.81 crore shares as against 5.60 crore shares on offer.
INR Settles Flat With Focus On GDP Data (29-02-2024)
The Indian rupee on Thursday settled flat at 82.91 (provisional) against the US dollar, as the support from lower crude oil prices and a weak greenback against major crosses overseas was offset by sustained foreign capital outflows. The dollar index that measures the greenback against a basket of currencies was quoting at $103.71, down 0.19% on the day. US data yesterday showed the U.S. economy grew by slightly less than previously estimated in the fourth quarter of 2023, raising optimism the Fed can cut rates sooner. Besides, a positive trend in equity markets provided a cushion to the domestic unit. The benchmark S&P/BSE Sensex rose 195.42 points, or 0.27 percent, to 72,500.30 while the broader NSE Nifty index settled 31.65 points, or 0.14 percent, at 21,982.80 on eve of monthly F&O expiry. Meanwhile, investors were also cautious ahead of the domestic GDP data to be released later in the day.
India’s Fiscal Deficit Widens To Rs. 11.03 Lakh Crore, Reaches 64% Of FY24 Target (29-02-2024)
At Rs 11.03 lakh crore, the fiscal deficit for the first 10 months of the current financial year accounts for 63.6 percent of the revised estimate of Rs 17.35 lakh crore. The original budget estimate was Rs 17.87 lakh crore.
Bitcoin set for biggest monthly jump since 2020 boom amid ETF boost (29-02-2024)
The largest cryptocurrency by market capitalisation was last up 3.4% at $62,205, having changed hands at $63,933 overnight, the highest since late 2021
Australia: Market ends near record high (29-02-2024)
At closing bell, the benchmark S&P/ASX200 index was up 38.28 points, or 0.5%, to 7,698.70. The broader All Ordinaries index grew 42.41 points, or 0.54%, to 7,959.54.
Nifty March futures trade at premium (29-02-2024)
NSE India VIX dropped 4.63% as shares advanced.
Sebi bans 12 cos from securities market for V Marc stock manipulation (29-02-2024)
Sebi on Thursday barred 12 entities, including promoter of V Marc India Ltd, from the securities market for engaging in a fraudulent scheme to manipulate volumes and price of the company’s shares.
Additionally, the regulator impounded wrongful gains of Rs 6.38 crore made by some of the entities from the manipulative scheme, according to an interim order.
This case primarily deals with fraudulent and manipulative trading in the scrip of V Marc India Ltd, listed on NSE’s SME segment, prima facie orchestrated by the promoter and company management, along with connected parties.
In its order, Sebi, prima facie, found that V Marc’s promoter and MD Vikas Garg and Sandeep Kumar Srivastava, former Whole Time Director of the company– engaged the services of Prijesh Kurani to ‘operate the market’.
It further noted that Kurani, in turn, in addition to using his own and his connected entities’ trading accounts, engaged accounts of persons connected to Garg to manipulate the scrip.
Further, G