The Nifty IT Index is currently displaying signs of nearing a critical resistance level. The immediate resistance level to watch is 43,200
Posts in category Business Standard
Biocon, PFC, Chambal Fert; top picks by Ajit Mishra of Religare Broking (05-09-2024)
The pharma sector is showing notable resilience, with Biocon taking the lead. The stock has broken out from a bullish rectangle pattern, accompanied by a strong surge in volumes
Gala Precision IPO subscribed 201.44 times on last day of bidding (04-09-2024)
The initial public offer of Gala Precision Engineering garnered 201.44 times subscription on the closing day of bidding on Wednesday.
The initial share sale received bids for 44,79,68,752 shares against 22,23,830 shares on offer, as per NSE data.
The portion meant for non-institutional investors got subscribed a whopping 414.65 times while the category for Qualified Institutional Buyers (QIBs) received 232.54 times subscription. The Retail Individual Investors (RIIs) part garnered 91.99 times subscription.
The initial public offering of Gala Precision Engineering was fully subscribed within minutes of opening for bidding on Monday and ended the day with a 10.83 times subscription.
Gala Precision Engineering Ltd has fixed a price band of Rs 503-529 per share for its Rs 168-crore initial public offering (IPO).
The IPO is a combination of a fresh issue of 25.58 lakh equity shares worth Rs 135.34 crore and an offer-for-sale (OFS) of 6.16 lakh equity shares valued at Rs 32.58 crore by
Two more offshore crypto bourses may get nod to resume India operations (04-09-2024)
The financial intelligence unit is reportedly reviewing requests from four crypto exchanges previously banned for non-compliance with anti-money laundering laws
Gold hits two-week low as traders expect smaller US Federal rate cut (04-09-2024)
Traders are confident that the US Fed will cut rates this month and are pricing in a 59 per cent chance of a 25-basis-point cut, according to CME FedWatch tool
Sebi rebuts allegations of employee mistreatment, improper work culture (04-09-2024)
In a press release, the regulator stated that its junior employees were misinformed about automatic promotions and being underpaid despite having a cost-to-company of Rs 34 lakh per annum
Sebi may notify tighter F&O norms soon; aims to curb investor losses (04-09-2024)
New rules likely to be issued without taking it up with the board
Sebi proposes overhaul of household savings calculation in securities mkt (04-09-2024)
In FY23, share of such assets came to Rs 84 trn, which was in sharp contrast to RBI’s computation of Rs 23.6 trn
Quant mutual fund exits HDFC Bank, amid performance, regulatory concerns (04-09-2024)
Quant MF has managed to dominate the equity scheme performance charts in recent years, with its high-conviction bets working out well
India Metal & Ferro Alloys receives affirmation in credit ratings from ICRA (04-09-2024)
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