Market expert Neeraj Dewan believes the markets are poised for growth after a recent correction, potentially forming a double bottom. Strong pockets emerged during the results season, particularly in IT and chemicals, which could benefit from a potential “Trump trade.” However, FII outflows remain a concern in the near term.
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Cummins India stock price 0.6 per cent as Sensex (07-11-2024)
As of 30-Sep-2024, promoters held 0.0 per cent stake in the company, while FIIs held 17.5 per cent and domestic institutional investors had 17.51 per cent.
ACME Solar Holdings IPO subscribed 47% on Day 2. GMP falls to 2% (07-11-2024)
The IPO of ACME Solar Holdings has garnered significant attention as it opened for subscription on Wednesday. By Thursday, on the second day of bidding, the issue was subscribed to 47%, with the retail portion attracting 1.57 times subscription. However, the grey market premium (GMP) has slipped, indicating a cautious sentiment from investors.
Indian Hotels shares 0.18% as Nifty drops (07-11-2024)
A total of 94,968 shares changed hands on the counter till 11:47AM (IST).
Sagility India IPO subscribed 65% on last day of bidding process so far. Check GMP, other details (07-11-2024)
The Rs 2,106 crore IPO consists solely of an offer-for-sale of 70.22 crore shares by the promoter, Sagility B.V., with no fresh issue component. All proceeds, after deducting expenses, will go directly to the selling shareholder.
Trump trade going wrong? 6 reasons why Sensex, Nifty aren’t joining Wall Street party (07-11-2024)
Indian stock markets reacted negatively to Donald Trump’s election victory, despite a surge in US markets. Analysts warn that Trump’s ‘America First’ policies, potential tariff hikes, and impact on US interest rates could lead to a weaker rupee, slower rate cuts, and increased foreign investment outflows from India.
Bharat Forge shares 0.58% as Sensex falls (07-11-2024)
The stock quoted a 52-week high of Rs 1826.20 and a 52-week low of Rs 1015.60.
Divis Labs shares 0.39% as Nifty drops (07-11-2024)
A total of 4,161 shares changed hands on the counter till 11:35AM (IST).
Swiggy IPO sees muted response, subscribed only 15% so far on day 2. GMP declines to 2% (07-11-2024)
Swiggy launched its IPO at a reduced valuation of $11.3 billion, down from its earlier target of approximately $15 billion. The company aims to raise around Rs 11,300 crore through the offering, which includes a fresh equity issuance of Rs 4,499 crore and an offer for sale (OFS) of 17,50,87,963 equity shares.
Avenue Supermart shares 0.59% as Sensex falls (07-11-2024)
The stock quoted a 52-week high of Rs 5484.00 and a 52-week low of Rs 3637.00.