Market regulator Sebi is likely to extend the relaxed open offer norm now applicable to public sector undertakings (PSUs) being privatised to IDBI Bank, sources said. If the relaxation is extended to the wining bidder of the bank, jointly owned by LIC and the government, it could acquire additional shares from the public in the […]
Mankind Pharma IPO opened for subscription on 25 April and the issue has been fully subscribed at 15.32 times on day 3. Qualified institutional buyers (QIBs) subscribed for 49.16% of their reserved portion, demonstrating high interest in the issue. The portion for retail investors remains undersubscribed as investors bid only 0.92 times of the shares […]
By Rahul Shah The Sensex and Nifty benchmark indices plunged as policymakers across the globe aggressively paddle on monetary policy tightening. The Sensex tanked 2225 points or 4% to close at 54,836 and the Nifty shed 690 points or 4% to close at 16,411. This was the benchmarks’ lowest level in two months. Record-high inflation […]
AstraZeneca Plc agreed to acquire Chinese cell therapy developer Gracell Biotechnologies Inc. for as much as $1.2 billion as the British drug giant bolsters its bets on medical innovation in the world’s second-biggest economy. Under the agreement, Astra will acquire Shanghai-based Gracell for $2 a share, amounting to an upfront cash payment of $1 billion. […]
By Shivangi Sarda Nifty 50 index opened flattish on Wednesday and cascaded down to 17884 levels. It slipped throughout the day with slight recovery in the last hour and finally, closed with losses of around 170 points. It formed a Bearish candle on the daily scale and negated its higher highs formation of the last […]
By Nagaraj Shetti Consolidation movement with weak bias continued in the market for the second consecutive session on Wednesday and the Nifty closed the day lower by 61 points. A small negative candle was formed on the daily chart with upper and lower shadow. Technically, this pattern indicates the formation of a high wave-type candle […]
Indian benchmark indices witnessed high volatility in intraday trade amid concerns over the likely government action as Covid-19 cases rose in Japan, China and the US. The BSE Sensex tanked more than 600 points, to close at 61,067. The NSE Nifty 50 index fell to just below 18,200, down 1.01%. Broader markets fell in trades […]
As the US Federal Reserve hiked interest rates by 25 bps, SGX Nifty hinted that the domestic equity indices could see a start in the red on Thursday. On the Singapore Exchange, Nifty futures were trading lower, down by 49.5 points, at the 17,108.5 level. On Wednesday, the markets rose for the second consecutive session […]
ICICI Bank share price jumped 2.5% to Rs 906.75 today after the bank’s net profit surged 30% on-year to Rs 9,122 crore in Q4FY23, led by growth in net interest income, which rose 40.2% on-year to Rs 17,667 crore. ICICI Bank net interest margin for the quarter rose to 4.90% compared to 4% in the […]
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Equity indices concluded the week’s last muted trading session in the red. The BSE Sensex closed below 60,630 and the NSE Nifty 50 after moving in the range of 18,016.20 and 18,145.45 settled below 18030. The BSE Sensex fell 236.66 pts or 0.39% to close at […]
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