Posts in category Economic Times
Allied Blenders and Distillers IPO shares to list on Tuesday. Here’s what GMP indicates (01-07-2024)
The IPO, comprising a fresh issue of ₹1,000 crore and an offer for sale (OFS) of 1.77 crore existing shares, received overwhelming demand, with over 20 times subscription at its close. The company plans to utilize the funds from the fresh issue primarily for debt reduction and general corporate purposes.
10-year treasury yields rise to highest since mid-June at start of holiday-shortened week (01-07-2024)
Benchmark 10-year Treasury yields rose Monday to their highest levels since mid-June at the start of a holiday-shortened week that will likely be marked by low trading volumes.
US stocks open higher with focus on jobs data (01-07-2024)
The Dow Jones Industrial Average rose 67.34 points, or 0.17%, at the open to 39,186.20.
Charges levied by market institutions should be uniform, says Sebi (01-07-2024)
Exchanges frequently offer lower fees to brokers who generate high trading volumes, which has led to increased activity across segments such as derivatives. Sebi is considering asking exchanges to halt this practice as part of a broader strategy to temper the excessive trading activity in India's derivative markets.
Health insurer Niva Bupa, Sagility India files draft papers with Sebi for IPOs (01-07-2024)
The IPO, with each share having a face value of Rs 10, consists of a fresh issuance worth Rs 800 crore and an offer for sale totaling up to Rs 2,200 crore by the promoters and existing investors. As part of the OFS, Bupa Singapore Holdings and Fettle Tone will be divesting their stakes.
Infosys, Tech Mahindra among 6 IT stocks that could surprise positively in Q1 results: JM Financial (01-07-2024)
Stating that Tech Mahindra remains a ‘buy' on turnaround hopes while KPIT Technologies and Tata Technologies are structural bets on auto ER&D theme, domestic brokerage firm JM Financial believes that Q1 results for the IT sector could positively surprise the street.
Murugappa Group’s stocks triple investors wealth in 5-year, 2 of them surge over 1000% (01-07-2024)
Murugappa Group is a prominent Indian conglomerate, encompassing nine listed companies with a combined market capitalization of Rs 4.36 lakh crore.
Murugappa Group’s stocks tripled investors’ wealth in 5 years, 2 of them surged over 1000% (01-07-2024)
Murugappa Group is a prominent Indian conglomerate, encompassing nine listed companies with a combined market capitalization of Rs 4.36 lakh crore.
Sebi approves IPOs of FirstCry, Unicommerce and Gala (01-07-2024)
Brainbees Solutions Limited, which operates FirstCry.com, was India’s largest multi-channel retailing platform for mothers’, babies’ and kids’ products, in terms of GMV, for the year ending December 2023.
Tech View: Nifty bulls using intraday dips to go long. Here’s how to trade on Tuesday (01-07-2024)
Positive chart pattern like higher tops and bottoms is intact. The underlying trend of Nifty remains positive. The market is racing towards the next upside target of 24,400 levels in the near term. Immediate support is placed at 23,980 levels, said Nagaraj Shetti of HDFC Securities.