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RIR Power Electronics inaugurates new factory at Bhubaneshwar (04-09-2024)
Powered by Capital Market – Live News
Nifty snaps 14-day streak on weak global cues (04-09-2024)
The domestic equity benchmarks ended with minor losses on Wednesday. The Nifty snapped its 14-day winning streak and settled a tad below the 25,200 level. Global market jitters over a potential US economic slowdown and anticipation of key economic data weighed on sentiment. Despite early losses, selective buying in large-cap stocks helped limit the decline. Healthcare and pharma sectors outperformed, while IT and PSU banks faced selling pressure.
Gala Precision Engineering IPO subscribed 201.41 times (04-09-2024)
The offer received bids for 44.79 crore shares as against 22.23 lakh shares on offer.
INR slips below 84/$ mark amid falling equities (04-09-2024)
The Indian rupee dropped to a one-week low, falling 4 paise to close at 84.02 (provisional) on Wednesday amid a sharp decline in the domestic equity markets as investors stayed away from riskier assets. Indian shares followed global peers lower on Wednesday, though falling oil prices on demand concerns helped limit overall losses. The benchmark S&P/BSE hit a low of 81,833.69 during intraday trade before ending the session down 202.80 points, or 0.25 percent, at 82,352.64. The broader NSE Nifty index closed down 81.15 points, or 0.32 percent, at 25,198.70- giving up its 14-day winning streak. However, a weak dollar against major currencies overseas and a drop in crude oil prices capped further losses in the local unit. At the interbank foreign exchange market, the rupee opened at 83.96 and traded in the range of 83.95-84.01 during the day. The unit moved in a tight range of 83.95-83.97 for most part of the session.
Food delivery major Swiggy reshuffles top deck ahead of upcoming IPO (04-09-2024)
This comes at a time when competition is intensifying in the rapidly growing quick commerce space
Baazar Style Retail IPO ends with over 40x subscription (04-09-2024)
The offer received bids for 61.11 crore shares as against 1.50 crore shares on offer.
Nifty September futures trade at premium (04-09-2024)
NSE India VIX rallied 3.86% to 14.38.
General Insurance Corp slumps as OFS begins; govt proposes to sell upto 11.9 crore shares (04-09-2024)
The OFS includes a base size of 3.39%, with an additional 3.39% offered through the green shoe option. The offering is scheduled to open for non-retail investors on September 4, followed by the retail investor segment on September 5.
Rites to collaborate with NBCC (India) for execution of new-age projects (04-09-2024)
Rites and NBCC (India) have signed a Memorandum of Understanding (MoU) to explore and undertake a comprehensive range of consultancy, fee-based projects, and EPC contracts from concept to commissioning.