The stock market closed on a downbeat note on Wednesday (December 18), as both the headline indices, Sensex and Nifty saw notable declines. The benchmark Sensex settled at 80,182.20, marking a loss of 0.62 per cent, while the NSE Nifty ended at 24,208.30, down by 0.52 per cent. In a similar trend, the Nifty Bank
The Rs 1,600-crore Ventive Hospitality IPO price band has been fixed at Rs 610-643 per share, with a face value of Rs 1 each. The issue opens on December 20 and closes on December 24. It consists entirely of a new issue. Pune-based Ventive Hospitality is a joint venture between the Panchshil Group and Blackstone
Supreme Facility Management, a SME IPO made its debut on the NSE Emerge platform on Wednesday (December 18) marking a flat listing with the shares opening at Rs 75, a slight 1.33 per cent discount from the issue price of Rs 76. As of 11:50 AM IST, the shares of the company were trading at
By Ajit Mishra The markets extended their positive momentum for the fourth consecutive week, gaining nearly half a percent amid consolidation. The benchmark indices remained in a tight range throughout most of the week but managed to close firmly on the final day despite significant volatility. Favorable macroeconomic data, including lower CPI inflation and improved
International Gemological Institute IPO allotment will be finalised on December 18. The company’s IPO was subscribed 35.48 times as of December 17 (Day 03). The retailers booked the issue 11.77 times and the employee section was booked 21.79 times. The IPO opened on December 13 and closed on December 17. Here’s how you can check
Hamps Bio, a pharmaceutical products supplier, is set to finalise the allotment of shares for its public issue on Wednesday (December 18). The SME IPO ran its subscription window from December 13 to December 17. When to Expect the Allotment The allotment of Hamps Bio IPO shares is scheduled for today. Investors who participated in
Crude oil prices continued to be stable on Wednesday as investors are cautious ahead of the US Federal Reserve’s expected interest rate cut. As per the latest update, Brent crude futures were up by 12 cents and were at $73.31 per barrel whereas US West Texas Intermediate (WTI) crude were hiked by 11 cents and
Purple United Sales, a premium children’s fashion brand, made its entry on the NSE SME platform on Wednesday (December 18), listing at Rs 199, an impressive 58 per cent premium over the issue price of Rs 126 per share. Grey Market Sentiment Before Listing Prior to its official debut of the SME issue, the shares
NPS Calculator: With retirement, your regular income from employment comes to an end, and if you don’t have any other source of income during your later years, you might find yourself in financial difficulties. In 2009, to help citizens avoid such a problem, the government extended the facility of the National Pension System (NPS), commonly
With the Centre recently agreeing to the central government employees’ demand for the 8th Pay Commission, will it now address their call to release the dearness allowance (DA) arrears frozen during COVID-19? The DA is typically revised twice a year, in January and July. However, after the COVID-19 pandemic broke out, the Centre withheld three
Union Minister Nitin Gadkari stated on Saturday that India’s automobile industry is set to become the largest in the world within the next five years. He highlighted that the industry has already created 4.5 crore jobs, the highest in the country. Speaking at a Federation of Automobile Dealers Association (FADA) event, Gadkari emphasised the strong
With Finance Minister Nirmala Sitharaman all set to table the Union Budget 2025 in Lok Sabha on February 1, the real estate segment is betting on industry status for the sector, incentives for affordable housing and sops for sustainable development. The real estate industry is hoping for transformative measures in the form of incentives and
Investors lost a record Rs 13.3 lakh crore in the first fortnight of the current calendar year — the highest-ever in absolute terms. In percentage terms, the 3% decline was the second-highest in a decade. Foreign portfolio investors (FPIs) were the primary drivers of the downturn, selling shares worth $4.9 billion (Rs 42,363 crore) during
