Indices saw a sharp ‘V’ shaped recovery on Friday, after being down by almost 1.5% in the first hour of trade. Both the Sensex and Nifty recouped initial losses quickly and closed the day higher by over 1%. The Sensex initially fell by 1,207 points to 80,082.82 in the morning, in line with other Asian
As the year draws to a close, the primary market is gearing up for an action-packed week. Next week, the primary market is set to be in an active mode as 13 initial public offerings (IPOs) are scheduled to open between December 16 and December 20. Apart from this, the week will also witness a
NACDAC Infrastructure is set to hit with its Initial Public Offering (IPO) on December 17 and will conclude on December 19. NACDAC Infrastructure’s BSE SME IPO is entirely a fresh issue of 28.6 lakh shares with an aim to raise Rs 10.01 crore through this offering. Here is a detailed look at what this IPO
Shares of Mazagon Dock Shipbuilders and Garden Reach Shipbuilders & Engineers were under pressure in Friday’s trading session, after report about delays in India’s ambitious $6 billion submarine project. This development, as reported by Bloomberg, has marked a noticeable impact on defence stocks.Mazagon Dock Shipbuilders saw its share price decline by 2.07 per cent to Rs
Mumbai-headquartered Eleganz Interiors, is one of the leading providers of interior fit-out solutions in India and is on the way to launch its Initial Public Offering (IPO) on NSE Emerge. The company has filed its Draft Red Herring Prospectus (DRHP) and is thriving into the market with an IPO which will include a fresh issue
As the IPO market heats up this December, two mainboard IPOs tare capturing investor interest – Vishal Mega Mart and Inventurus Knowledge Solutions (IKS Health). Both the companies come from different sectors but offer unique opportunities for investors. Let’s take a closer look at the details, subscription trends, GMP for each offering and which one
It’s a rather worrying Friday for D-Street after some days of consolidation. The Indian equity markets fell on Friday during the early trading hours. The Nifty 50 slipped 1.4% to 24,180.80, breaching the key level of 24,200, from the day’s high of 24,520.80. While, the 30-stock Sensex fell 1,141.26 points or 1.4% from the day’s
Shares of Hindustan Aeronautics (HAL) on Friday (December 13) opened with a positive market reaction following its announcement of a Rs 13,500 crore deal with the Ministry of Defence for the procurement of 12 Su-30 MKI aircraft. HAL Shares See Investor Interest In response to this announcement, the company’s stock opened at Rs 4,754.50, reaching
In a strategic move to bolster its events and ticketing business, food delivery giant Swiggy has launched a new service called “Scenes” under its out-of-home vertical, Dineout. This feature enables users to book parties, events, and live music at Swiggy’s partner restaurants. “Scenes” is currently live in Delhi-NCR, Bengaluru, and Mumbai. In Delhi-NCR, users can
State-run ONGC is likely to come out with an initial public offering (IPO) for its green energy subsidiary ONGC Green Ltd in the next financial year 2025-26, according to the company’s Director (Exploration), Sushma Rawat. “That (IPO for ONGC Green) will not take too long but I think some homework needs to be done,” Rawat
Quick commerce unicorn, Zepto saw its FY24 consolidated revenues surge by 120% to Rs 4,454, up from Rs 2,024 crore in FY23, driven by increased customer demand and operational efficiencies. Despite the growth, net loss for the year slightly narrowed to Rs 1,249 crore, compared to Rs 1,272 crore in FY23. However, Zepto reduced its
Foreign portfolio investors have turned net sellers in the Indian G-Sec market this week, after being net buyers in the first week of December. According to market participants, the sell-off has resumed after the interest rate differential between India and US has narrowed from 300 basis points (bps) to 240 bps. Indian yields have been
The Securities and Exchange Board of India (Sebi) on Friday proposed reviewing the framework for algorithm trading to facilitate participation of retail investors with proper checks and balances. “The evolving nature of algo trading, particularly with the increasing demand for algo trading by retail investors, has necessitated a further review and refinement of the regulatory
