Adani Enterprises FPO (follow-on public offer) opened today for retail subscription, even as the company shares tanked over 3% to Rs 3,180 in the aftermath of the Hindenburg report. Adani Enterprises’ much-awaited follow-on public issue, with a price band of Rs 3,112-3,276 per share, will close on 31 January. Retail shareholders have a 35% reservation […]
Shares of Adani Group firms fell sharply in morning trade on Wednesday in line with an overall weak trend in the equity market. Adani Enterprises stock tumbled 9.31 per cent on the BSE. Shares of Adani Power declined 5 per cent, Adani Transmission fell 5 per cent, Adani Total Gas (5 per cent), Ambuja Cements […]
Oil prices rose on Friday on optimism that the U.S. Federal Reserve will ends its tightening cycle, buoying the economy and boosting fuel demand. Brent futures for March delivery gained 48 cents, or 0.6%, to $86.64 a barrel by 0113 GMT, while U.S. crude advanced 54 cents to $80.87 per barrel, a 0.7% gain. The […]
Companies that availed of production-linked incentives invested as much as Rs 32,500 crore in the first half of the current fiscal year, taking the total investments enabled by the performance-linked sops to over Rs 95,000 crore, official sources said on Tuesday. In the first six months of FY24, the PLI-supported units achieved incremental sales and […]
Mankind Pharma IPO: Mankind Pharma’s Rs 4,300-crore IPO opened for public subscription today, i.e., Tuesday, April 25, and will close on Thursday, 27 April. The bidding for anchor investors concluded on Monday. Ahead of the public issue, Mankind Pharma shares’ GMP rose to Rs 92 per equity share, 8.5% over the upper end of the […]
By Shrikant Chouhan NSE Nifty 50 bounced back sharply on Tuesday, ending 509 points higher while the Sensex rallied by 1,736 points. Technically, after a sharp fall, the Nifty 50 index took the support near 200 days SMA and reversed sharply. On daily charts, the 50-stock index formed a long bullish candle indicating continuation of […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading lower on Wednesday as a result of negative global cues, while the silver rate is down 0.42%. On Multi Commodity Exchange, gold April futures were trading at Rs 56,533 per 10 grams, down Rs 217 or 0.38%. Silver March futures were trading […]
By Rohan Patil Bears are getting aggressive on Dalal Street and have closed forcefully below its 21-week exponential moving average on the weekly time frame. Benchmark index has closed three per cent lower on the weekly basis and has engulfed its previous week’s green candle and formed a bearish engulfing candlestick pattern. On the daily […]
Taiwanese and South Korean stock markets ended Monday’s session in the red territory following the mixed sentiment in global markets. FTSE TWSE Taiwan 50 Index fell 121.02 points or 1.11% to 10,763.22 and KOSPI Composite Index declined 54.57 points or 2.34% to 2,278.22. The Taiwan 50 Index touched an intraday high of 10,884.24 and a […]
By Rahul Shah Equity benchmark Index completed their biggest weekly decline since November, as concerns about policy moves by U.S. Federal Reserve, a spike in US Bond Yield and a rally in crude oil prices dented investors’ appetite for riskier emerging-market assets. Moreover, continued FII selling and mixed bag on corporate earnings dampened the market […]