The Nifty 50 index hit the 25,000 mark for the first time during Thursday session, and managed to hold on to the gains. The index hit the 20,000 mark for the first time on September 11, 2023, and took 221 trading days from that level to hit the 25,000 mark […]
Market
Meta Platforms stock climbed nearly 9 per cent on Thursday after the Facebook and Instagram parent company reported better than expected revenue for second quarter and upbeat sales forecast for the current quarter. At 12:04 pm EDT, Meta Platforms stock was at $505.97, higher $31.16 or 6.56 per cent. Source […]
Capital markets regulator Securities and Exchange Board of India (SEBI) has issued a probe against Corporate Capital Ventures Limited, a Delhi-based merchant banker that has managed a few SME IPOs It has come under the regulatory scanner for alleged violations of the merchant banking regulations while managing the public issues. […]
US stocks rose on Thursday after the Federal Reserve signalled interest rate cut in September. At the opening bell, the Dow Jones Industrial Average rose 74.2 points, or 0.18%, to 40,916.96. The S&P 500 rose 15.5 points, or 0.28%, to 5,537.84, while the Nasdaq Composite rose 47.6 points, or 0.27%, […]
The rally on Thursday was due in large part to a surge in shares of HDFC Bank, Reliance Industries, Power Grid Corporation of India and Coal India, with the oil & gas, consumable fuels, financial services, and power sectors leading the charge. Information technology and automobile stocks lagged behind. There […]
Half of the client consent confirmations obtained by financial information users regulated by the Securities and Exchange Board of India were used to verify income and determine their eligibility to open futures and options accounts, underscoring the need to provide more holistic financial advisory services in India, a report showed. […]
Indian stock market: Market benchmarks, the Sensex and the Nifty 50, reached new closing highs, marking their fifth consecutive day of gains. The Sensex set a new all-time high of 82,129.49, while the Nifty 50 hit a new peak of 25,078.30 during the session. “Nifty index opened positive above 25k […]
Ceigall India IPO subscription status: With the employee part leading the way, the infrastructure company Ceigall India Ltd.’s IPO got off to a quiet and sober start today amidthe buzz in the secondary market where the domesticbenchmark indices reached all-time highs. Ceigall India IPO subscription status was 61%, as per […]
Ola Electric Mobility Ltd’s proposed public issue opens on Friday at a scaled-down valuation. The initial public offering (IPO) pricing values India’s largest electric scooter maker at $4 billion, about 25% discount to the valuation based on the last private funding round in September. In fact, the valuation is also […]
Ashapura Logistics IPO: Investors responded well to the initial public offering, which opened for subscription on July 30, 2024, as it was subscribed 183.75 time times by Day 3. Ashapura Logistics IPO subscription status By 5.10 PM on 1 August 2024 the IPO for Ashapura Logistics was subscribed 183.75 times […]