Societe Generale sold 74.15 lakh shares in SpiceJet through block deals, netting Rs 47 crore. Vikasa India EIF I Fund also sold 1 crore shares.–
Posts in category Economic Times
Indian rupee strengthens to 83.59 per US dollar amid corporate sales (25-09-2024)
The Indian rupee strengthened to 83.59 per US Dollar due to sales of the greenback from local corporates and inflows in local stocks and bonds. These flows are seen after the US Federal Reserve cut interest rates last week, and in speculation of another rate cut by the US in November, currency dealers said.
Explainer: Here are key financial ratios to evaluate performance of banks (25-09-2024)
Banking and finance stocks have earned stellar returns over the past few years, thereby attracting retail investors. The sector index BSE Bankex has gained over three times since April 1, 2020, the year of pandemic, closely tracking similar gains in the benchmark Sensex.
US stocks open subdued as investors await Fed rate clues, data (25-09-2024)
Wall Street had a subdued start on Wednesday, with investors awaiting further indicators on the state of the economy and potential interest rate reductions, a week after the Federal Reserve initiated its policy relaxation cycle.
Tech view: Nifty closes above 26k mark, near-term uptrend intact. How to trade tomorrow (25-09-2024)
Nifty’s minor positive candle with an upper shadow suggests a potential pause after its recent rally. The uptrend remains, but expect range-bound movement or a slight dip in the next couple of sessions. Key levels to watch are resistance at 26,250 and support at 25,800.
Gold hits fresh all-time high of Rs 77,850; silver soars Rs 3,000 (25-09-2024)
Gold prices surged Rs 900 to hit a fresh record high of Rs 77,850 per 10 grams in the national capital on Wednesday amid a rally in precious metal rates in the global markets, according to All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 76,950 per 10 grams on Tuesday.
Glottis files IPO papers with Sebi; eyes Rs 200-cr via fresh issue (25-09-2024)
Logistics service provider Glottis has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The Chennai-based company’s IPO is a combination of a fresh issue of equity shares worth Rs 200 crore and an offer for sale (OFS) of up to 1.45 crore equity shares by promoters, according to the Draft Red Herring Prospectus (DRHP).
M&B Engineering files draft papers for Rs 653-cr IPO (25-09-2024)
M&B Engineering Ltd on Wednesday filed draft papers with capital markets regulator Sebi to mobilise Rs 653 crore through an initial public offering (IPO).