The domestic equity market took a significant hit on Wednesday, with the Nifty50 closing below 24,950. The early-afternoon high of 25,113 was short-lived as sectors like oil & gas, PSU banks, and metals faced selling pressure. Investors are closely watching upcoming inflation data from the US and India. While US inflation is anticipated to increase, Indian inflation is expected to remain steady. Additionally, the Bank of Japan’s suggestion of a potential rate hike if inflation stays elevated added to the market’s cautious tone.
Posts in category Business Standard
P N Gadgil Jewellers IPO subscribed 6.88 times (11-09-2024)
The offer received bids for 11.61 crore shares as against 1.68 crore shares on offer.
Nifty September futures trade at premium (11-09-2024)
NSE India VIX advanced 2% as shares declined.
Northern Arc Capital’s Rs 777 cr IPO to open on Mon, price band Rs 249-263 (11-09-2024)
Non-bank financial institution Northern Arc Capital on Wednesday said it has fixed a price band of Rs 249-263 per share for its upcoming Rs 777 crore initial public offering (IPO).
The Chennai-based company’s initial share sale will open for public subscription on September 16 and conclude on September 19. The bidding for anchor investors will open for a day on September 13.
The IPO is a combination of a fresh issue of equity shares valued at Rs 500 crore and an Offer For Sale (OFS) of up to 1,05,32,320 equity shares worth Rs 277 crore, at the upper end of the price band, by investor shareholders. This aggregates the issue size to Rs 777 crore.
Those offering shares through the OFS are Leapfrog Financial Inclusion India (II) Ltd, Accion Africa-Asia Investment Company, Eight Roads Investments Mauritius II Ltd, Sumitomo Mitsui Banking Corporation, 360 ONE Special Opportunities Fund (formerly known as IIFL Special Opportunities Fund) and Dvara Trust.
Proceeds from the fresh issue woul
Wipro builds AI-enabled data analytics solution for JFK International Air Terminal (11-09-2024)
As part of its three-year engagement to deliver operational excellence
Australian markets close modestly lower after RBA Governor’s remarks on employment (11-09-2024)
The benchmark S&P/ASX 200 slipped 0.30 percent to 7,987.90, with banks and energy stocks leading losses. The broader All Ordinaries index settled 0.27 percent lower at 8,195.20.
Quick Wrap: Nifty PSU Bank Index registers a drop of 1.75% (11-09-2024)
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Chinese markets end lower ahead of US CPI data (11-09-2024)
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Nifty settles below 24,950; oil & gas shares drop; VIX rises 2% (11-09-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex, slipped 398.13 points or 0.49% to 81,523.16. The Nifty 50 index declined 122.65 points or 0.49% to 24,918.45.
Tirupati Balajee IPO listing: Falling GMP worries investors ahead of debut (11-09-2024)
Though the grey market premium of Shree Tirupati Balajee shares has been on a continuous decline since the issue opened for subscription, it still stands at 27 per cent on Wednesday