By Subash Gangadharan Nifty 50 has been trending lower for the last few weeks and making lower tops and lower bottoms in the process. And Nifty has been moving lower after the recent breakdown from 16,824-17,415 trading range. While we remain open to pullback rallies in the very near term, we expect the downtrend to […]
Global Surfaces IPO opened for subscription on 13 March, and the issue got oversubscribed 12 times at close, with total bids of 9,46,14,400 lakh shares. Qualified institutional buyers (QIBs) subscribed 8.95 times of their reserved portion. Retail investors bid for 5.12 times of the shares reserved. The NII portion garnered 33 times oversubscription. The IPO […]
The SGX Nifty signaled that domestic benchmark indices NSE Nifty and BSE Sensex might open on a positive note, as Nifty futures traded 36 points higher at 18,347 on the Singaporean exchange. Nifty and Sensex pared early gains and ended Tuesday’s session flat. Nifty 50 closed at 18,265.95 and the 30-share Sensex settled at 61,761.33. […]
After a nine-day winning streak, Nifty and Sensex’s rally might be cut short on Monday, as the SGX Nifty is trading in the red in the morning session. Nifty futures on the Singaporean exchange are at the 17,783.5 level, down by 87.5 points, indicating a negative start for the domestic equity indices, BSE Sensex and […]
Fund mobilisation by corporates in the primary market saw a dip in January amid the prevalent volatility, according to the Sebi Bulletin released on Tuesday. Funds mobilised via equity issuances stood atRs1,951 crore, compared toRs15,340 crore in December 2022. The month saw 12 IPOs, mobilising a total ofRs478 crore, of which 10 were SME/start-up listings […]
After the sharp spike in FY23, Russia’s share in India’s oil imports may not rise further in the current year, analysts said, but they added that the country will likely continue to add more crude oil suppliers from different geographies at better rates.“India will not like to rely too much on just one country or […]
By Rajesh Palviya Nifty closed at 17895 with a gain of 277 points on a weekly basis. On the weekly chart, the index has formed a bullish candle however it has remained restricted within the previous week’s High-Low range representing a short term breather. The index is moving in a Higher Top and Higher Bottom […]
By Ajit Mishra Bears remained under control in May expiry and pushed the markets further lower. Global headwinds like fear of aggressive rate hikes from the US Fed, the ongoing Russia-Ukraine War, and Covid-led lockdown in China continue to dent the sentiment. On the domestic front, the earnings season turned out to be mixed, in […]
Seven of the top-10 most valued firms together added Rs 67,859.77 crore in market valuation in a holiday-shortened last week, with ICICI Bank and HDFC Bank emerging as the biggest gainers. Last week, the 30-share BSE Sensex climbed 598.03 points or 0.99 per cent. Equity markets were closed on Friday (April 14) on account of […]
Sah Polymers shares witness a stellar debut on the stock exchanges as stock lists with 30% gains over the IPO price, supported by healthy subscription and better financial performance. Sah Polymers shares debuted at a price of Rs 85 on the National Stock Exchange (NSE) and jumped 5% to Rs 89 within minutes. The company’s […]