The best trading strategy for the Nifty PSU Banks Index would be to adopt a “buy on dips” approach.
Posts in category Business Standard
Interarch Building Products’ shares surge nearly 34% in market debut (26-08-2024)
Shares of construction solutions provider Interarch Building Products Ltd on Monday ended with a premium of nearly 34 per cent against the issue price of Rs 900.
The stock made its debut at Rs 1,291.20, surging 43.46 per cent from the issue price on the BSE.
During the day, it zoomed 46.22 per cent to Rs 1,316. Shares of the firm ended at Rs 1,196.45, up 32.93 per cent.
At the NSE, it listed at Rs 1,299, a jump of 44.33 per cent. The stock ended at Rs 1,203.10, surging 33.67 per cent.
The company’s market valuation stood at Rs 1,990.94 crore.
In traded volume terms, 6.47 lakh shares of the firm were traded at the BSE and 70.50 lakh shares at the NSE during the day.
The initial public offering of Interarch Building Products got subscribed a whopping 93.46 times on the last day of subscription on Wednesday.
The Rs 600-crore initial share sale had a price range for the offer at Rs 850-900 per share.
Proceeds from the fresh issue will be used for capital expenditures, system upgrad
Premier Energies collects Rs 846 cr from anchor investors ahead of IPO (26-08-2024)
The company has allocated 1.88 crore equity shares to 60 funds at Rs 450 apiece, aggregating the transaction size to Rs 846.11 crore
Bitcoin touches $65,000 mark on Powell pivot, streak of ETF flows (26-08-2024)
The largest digital asset rose as much as 1.2 per cent to $65,030 on Monday before dipping back to $63,780 as of 9:19 a.m. in New York
Deepak Shenoy’s Capitalmind gets in-principle approval for MF foray (26-08-2024)
Capitalmind joins the likes of Angel One and Unifi Capital in the queue for a final MF licence
Markets rise as Fed chief Jerome Powell’s comments fuel global rally (26-08-2024)
Nifty rises 0.75% to reclaim 25,000
Board of PNGS Gargi Fashion Jewellery approves allotment of 7.29 lakh equity shares on preferential basis (26-08-2024)
At meeting held on 26 August 2024
INR sees flat movement (26-08-2024)
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Sensex soars 611 pts, Nifty ends above 25,000; metal shares rally (26-08-2024)
The key equity indices ended with strong gains on Monday, boosted by Federal Reserve Chair Powell’s hint of potential interest rate cuts in the near future. The speech sparked a risk-on rally in global stock markets. The Nifty closed above the 25,000 level, with notable gains in metal, realty, and IT sectors. However, media and PSU bank stocks faced some selling pressure.
Board of Aarti Drugs approves buyback of shares up to Rs 59.85 cr (26-08-2024)
At meeting held on 26 August 2024