India’s thriving IPO market is poised to face its largest wave of mega share sales, following approvals from the market regulator for proposals from Hyundai Motor India, Swiggy, and Vishal Mega Mart. Together, these three companies are expected to raise approximately $5 billion, with Hyundai planning an offering of at least $3 billion.
Posts in category Economic Times
Shree Cements shares gain 0.13% as Sensex rises (01-10-2024)
A total of 176 shares changed hands on the counter till 12:16PM (IST)
Adani Power shares down 0.35% as Nifty gains (01-10-2024)
A total of 63,877 shares changed hands on the counter till 12:12PM (IST).
High valuations flash warning signs amid uncertain market outlook: Vijayaraghavan Swaminathan (01-10-2024)
On top of it, if you look at the last three-four quarters, there is a weak job hiring when it comes to IT sector and weak salary growth. And adding to that, if you look at last three-four quarters, banks and NBFCs have been cautious when it comes to retail lending.
Welspun Corp shares surge 4%, hit 52-week high after securing Rs 2,400 crore US order (01-10-2024)
Welspun Corp share price surged 4% to a 52-week high of Rs 795 on BSE following the announcement of a major order worth Rs 2,400 crore in the United States. The company stated it received this significant order for the supply of Coated HSAW Pipes for a natural gas pipeline project. Execution of the order is planned for FY25 and FY26.
BEL shares fall 0.08% as Nifty drops (01-10-2024)
A total of 729,805 shares changed hands on the counter till time (IST).
Why does a China market rally benefit India in the medium term? Adrian Mowat explains (01-10-2024)
China’s market rally will initially cause outflows from India. However, in the medium term, it will attract global investors to emerging markets, benefiting India. India’s bull market, driven by local investors, will see a shift. The situation in China is improving, which can positively impact financial markets and global investments.
SpiceJet, IndiGo shares rally up to 6% after ATF price cut (01-10-2024)
The ATF prices have been cut to Rs 87,597 per kg in Delhi, down from Rs 93,480 per kg earlier. The price reduction will help ease the burden on airlines for whom fuel makes up 40% of the airlines’ operating costs.
Share price of Tata Elxsi rises as Nifty weakens (01-10-2024)
A total of 4,202 shares changed hands on the counter till 11:51AM (IST).
Cummins India shares rise 0.73% as Nifty gains (01-10-2024)
The stock quoted a 52-week high price of Rs 4169.5 and a 52-week low of Rs 1590.3.