Oil prices remained stable as worries about demand in top importer China countered the support from strong demand elsewhere, OPEC’s supply restraint, and geopolitical tensions in the Middle East, on Monday. The broader market’s reaction to the attempted assassination of former U.S. President Donald Trump was closely watched. The U.S. […]
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US stock indices gained on Monday on increased bets over presidential candidate Donald Trump winning a second term after he survived an assassination attempt. At the opening bell, the Dow Jones Industrial Average rose 137.50 points, or 0.34%, to 40,138.40. The S&P 500 was higher by 22.81 points, or 0.41%, […]
Indian stock market: Market indices Sensex and Nifty reached new closing highs on Monday, July 15, driven by gains in select index heavyweights including SBI, ONGC, NTPC, and ITC. The Nifty 50 reached a new record peak of 24,635.05 during the session, ultimately closing 85 points higher at 24,586.70, an […]
Tunwal E-Motors IPO: Monday, July 15, marked the start of the Tunwal E-Motors IPO subscription period, which ends on Thursday, July 18. With a face value of ₹2, each share in Tunwal E-Motors’ initial public offering (IPO) is priced at ₹59. A minimum of 2000 shares, as well as multiples […]
Financial services platform Northern Arc said on Monday that it has received markets regulator Securities and Exchange Board of India (SEBI) approval to raise funds through initial public offerings (IPO). The company submitted the draft red herring prospectus (DRHP) to the regulator in February this year for raising funds through […]
Crompton Greaves Consumer Electrical Ltd’s growth is expected to accelerate meaningfully in the coming quarters with the restructuring in Butterfly nearing completion and demand gaining ground in the segments that were lagging. A harsh summer likely aided the household electrical equipment maker Crompton’s June quarter results, thanks to its strong […]
Sati Poly Plast IPO: The issue that opened for subscription on 12 July 2024 and received good investor interest, was subscribed more than 136 times on day 2 . The Grey Market Premium also rose from ₹70 on day 1 to ₹105 on day 2. The issue will be available […]
Domestic brokerage firm Phillip Capital has maintained its ‘sell’ rating on Indian Renewable Energy Dev Agency (IREDA) stock, raising the target price from ₹110 to ₹130. The brokerage firm noted that the recent stock rally is primarily driven by passive flows rather than fundamental factors and has already captured the […]
Indian stock market seems to be at relatively normal valuations at the Nifty level, said Deepak Shenoy, Founder and CEO of Capitalmind. In an interview with Livemint, Shenoy said he continues to invest in India’s domestic manufacturing industry, energy sector and in local consumption. Here are edited excerpts. Q. As […]
Stock Market Today: After catching pace in the months of April and May, the Indian pharma market (IPM) growth slumped in June’2024, disappointing many. IPM growth softens in June The India pharma market grew 6.7% year-on-year during the month of June’2024 much slower than 9.8% in May’2024 and on a […]