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Source: Live Mint The initial public offering (IPO) of Afcons Infrastructure opened for bidding on October 25 and will be closing on Tuesday, October 29. The IPO has so far been subscribed only 10%. The GMP of Afcons Infrastructure fell drastically from ₹60 to ₹15 on the first day of subscription in the grey market….
Source: Live Mint The primary market will pause with no new IPOs launching next week. However, as many as eight listings, including Waaree Energies, Deepak Builders, and Godavari Biorefineries, are set to energize the market during Diwali week. The near-term IPO pipeline appears promising, with 26 companies poised to raise ₹72,000 crore, pending SEBI approval….
Source: Live Mint As the benchmark equity indices continued their losing streak for the fourth consecutive week, nine of the top ten most-valued firms lost a whopping ₹2,09,952.26 crore. Dull quarterly earnings and persistent FII selling added to the woes of investors worried about the bearish stock market. Hindustan Unilever and Reliance Industries Limited were…
Source: Live Mint Buy or sell: The Nifty Index concluded the week at 24,180, falling below the anticipated support zone of 24,800. As noted previously, a close beneath this level could trigger further selling in the equity market, positioning the index toward the 24,000 mark. With the weekly close near 24,000, market participants are keenly…
Source: Live Mint US Presidential Election 2024: In the context of any event occurring in the United States (US), Indian investors are typically quick to assess the future of the information technology (IT) sector since there is a strong connection between the Indian IT industry and the US. As the US Presidential Election 2024 approaches,…
Source: Live Mint Gold And Silver Prices Today: Gold prices experienced a modest increase on Sunday. The cost of 24 carat gold is Rs.8046.3 per gram, reflecting an increase of Rs.700.0. The price of 22 carat gold is Rs.7377.3 per gram, marking an increase of Rs.640.0. The price change for 24 carat gold over the…
Source: Live Mint Oil prices are expected to fall when trading resumes on Monday as Israel’s retaliatory strike on Iran over the weekend bypassed Tehran’s oil and nuclear infrastructure and did not disrupt energy supplies, analysts said. Brent and U.S. West Texas Intermediate crude futures gained 4% last week in volatile trade as markets priced…
Source: Live Mint Stock Market News: On Friday, the domestic benchmark indices, Nifty 50 and Sensex, marked their longest weekly decline since August 2023, exacerbating a widespread selloff as foreign investors continued to withdraw and disappointing corporate earnings dampened sentiment further. The Sensex plummeted by 662.87 points, closing at 79,402.29, while the Nifty 50 declined…
Source: Live Mint The Indian stock market was thrown into the deep end and wrought with several challenges throughout October as bears tightened their grip on D-Street amid weak global cues and rising volatility. The battles compelled the frontline indices to enter the bear market just a few days ahead of Diwali’24 and the onset…
Source: Live Mint Waaree Energies IPO allotment status became public on Friday. In the wake of the ‘T+3′ listing rule, applicants were expecting the announcement of Waaree Energies IPO allotment status on Thursday after the end of three days of record bidding on Wednesday evening. After the announcement of share allocation, Waaree Energies IPO listing…
