GIFT Nifty traded up 65.5 points or 0.34% at 19555, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously on Sunday, the benchmark equity indices closed with gains during the Muhurat trading session on the auspicious occasion of Diwali 2023. The NSE Nifty 50 gained 100.20 points or […]
India Shelter Finance opens for subscription, GMP up 29%; should you subscribe to the issue?
India Shelter Finance IPO: India Shelter Finance IPO opens for public subscription today and will close on Friday, December 15, 2023. The bidding for anchor investors concluded on Tuesday, wherein the company collected Rs 360 crore. The price band for its public issue at Rs 469-493 per equity share of face value Rs 5 each. […]
ATF price cut by 4.6 per cent; commercial LPG rate hiked by Rs 21
Jet fuel or ATF price was on Friday slashed by 4.6 per cent – the second reduction in one month – while commercial cooking gas (LPG) rate was raised by Rs 21 per 19-kg cylinder in line with international benchmarks. However, price of domestic LPG – used in household kitchens for cooking purposes – remained […]
Mahindra & Mahindra bets big on SUV demand in H2; Should you buy, hold or sell the stock?
Mahindra & Mahindra has been seeing steady buying interest based on the company’s outlook for the second half of this fiscal. The company is expecting steady demand growth, in the SUV section. Analysts believe that the company’s SUV portfolio is among the strongest in the market and set to drive its onward momentum further. In […]
Adani Group stocks: A look at how they fared in past one year
The Adani Group stocks have had a rollercoaster ride since the start of the year. As the year comes to a close. Here is a look at how the stocks have performed thus far in 2023. In a late January report, US-based short seller Hindenburg Research accused the Adani Group of accounting fraud, stock price […]
Stocks may face selling pressure after lock-in expiry
Shares of Life Insurance Corporation of India (LIC) declined marginally on Monday by around 0.30% at the exchanges. However, the decline wasn’t very high given the fact the 20% or 1265 million of the company’s outstanding equity became eligible for trading since the lock-in period ended. The shares of India’s largest insurer declined 0.26% on [&hel
Will Nifty scale past key 21000 level in trade today? 9 things to know before the share market opens
GIFT Nifty traded flat at 21,074.5 down merely 0.01%, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 dropped 36.55 points or 0.17% to settle at 20,901.15, while the BSE Sensex slipped 132.04 points or 0.19% to 69,521.69. “Markets consolidated in a […]
Azad Engineering IPO opens on December 20, at Rs 499-524 per share; Check the key details of public offering
Azad Engineering IPO opens for public subscription on Wednesday, December 20, 2023, and will close on Friday, December 22, 2023. The price band for its public issue is Rs 499-524 per equity share with a face value of Rs 2 each. At the upper end of the price band, the company’s promoters and shareholders seek […]
Rice exports to certain European nations exempted from inspection certificate for another 6 months
India on Tuesday deferred the mandatory requirement of a certificate of inspection by export inspection agencies for shipping both basmati and non-basmati rice to certain European countries by six more months. Earlier on May 29, 2023, the Directorate General of Foreign Trade (DGFT) has announced the move for six months. “Export to remaining Europea
Rupee rises 6 paise to 83.28 against US dollar in early trade
The rupee stayed on upward track for the second straight session and gained 6 paise to 83.28 against the US dollar in early trade on Wednesday amid a weak American currency and foreign fund inflow in the domestic equities. Positive sentiment in the domestic equity markets and easing crude oil price also boosted the Indian […]