But overall, I feel that at lower level, they will find support and bounce back and resume their uptrend. So, as of now, the strategy for the day should be to concentrate on the sectors and stocks which are actually resilient in this market.
Avenue Supermart shares down 2.45% as Sensex falls (01-10-2024)
A total of 16,905 shares changed hands on the counter till 01:22PM (IST)
Vikram Solar files draft papers to raise Rs 1,500 crore through IPO (01-10-2024)
Solar module maker Vikram Solar on Tuesday said it has filed draft papers with market regulator Sebi seeking permission to raise Rs 1,500 crore through an initial public offering (IPO).
The initial share sale will include fresh issues of equities worth up to Rs 1,500 crore and an offer for sale (OFS) of up to 17.45 million shares by its promoter group, the Kolkata-based firm said.
The issue at a face value of Rs 10 each will include a fixed quota for eligible employees, alongside a discount for those participating in the employee subscription portion, according to the draft red herring prospectus (DRHP) filed by the company.
Besides, the company may also consider issuing specified securities up to Rs 300 crore as a “pre-IPO placement”, it said.
Of the total issue size, up to 50 per cent of shares will be allocated to qualified institutional buyers, 15 per cent to non-institutional bidders, and the remaining 35 per cent will be open for retail subscriptions by individual investors.
Neuland Laboratories Limited – Transformation towards niche APIs? (01-10-2024)
Thanks Vikas . Fully concur with your views . Can you recommend any analyst or research house that has good coverage on this stock to stay abreast with any new developments on Neuland
Bitcoin slips below $64,000 after Fed Chair Powell signals smaller rate cuts (01-10-2024)
Cryptocurrency markets were down on Tuesday following Federal Reserve Chair Jerome Powell’s comments on small interest rate cuts. Bitcoin fell below $64,000, and other altcoins like Solana, XRP, and Dogecoin also declined. Ethereum saw a slight rise. Rising geopolitical tensions and upcoming U.S. elections add to market uncertainty.
Indotech – A turnaround story? (01-10-2024)
Is shilchar is also avlbl at similar FY25 valuations as indotech? It seems a better bet looking just at the financials and management pedigree.
Vedanta shares gain 0.86% as Sensex falls (01-10-2024)
A total of 340,937 shares changed hands on the counter till 01:12PM (IST)
Sebi board okays new asset class, MF Lite rules (01-10-2024)
The Securities and Exchange Board of India (Sebi) on Monday approved the introduction of a new asset class, designed to offer greater flexibility to fund managers and target investors with a higher risk appetite. The markets regulator also cleared the liberalised Mutual Funds Lite (MF Lite) framework, aimed at fund houses that solely launch passively managed schemes. In another significant move, the board reduced the timeframe for rights issues from the current 317 working days to just 23.