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Source: Live Mint The FMCG sector faced a turbulent 2024, marked by considerable volatility. The year started on a weak note, with the sector declining by approximately 9% from January to March, as subdued rural demand and broader macroeconomic challenges weighed heavily on its performance. From mid-April to September, the index rebounded sharply, gaining around…
Source: Live Mint Sanathan Textiles IPO: The initial public offering (IPO) of polyester yarn manufacturer Sanathan Textiles Ltd is set to hit Dalal Street on Thursday. The ₹550-crore worth Sanathan Textiles IPO will remain open for bidding till December 23. Sanathan Textiles’ business is divided into three separate yarn business verticals, consisting of polyester yarn…
Source: Live Mint In 2020, Yes Bank’s share price plummeted following an RBI crackdown on its mounting bad loans. The central bank intervened, took over the lender, and initiated its reconstruction. This sparked a series of major decisions that not only made the stock highly volatile but also a favourite among traders and short-term investors,…
Source: Live Mint IPO GMP: The initial public offering (IPO) of Inventurus Knowledge Solutions concluded on Monday, December 16, with a solid subscription of 52.68 times, with investors bidding for 54,61,01,853 shares against 1,03,66,780 shares offered. The retail investor portion was subscribed 14.55 times, the QIB portion was booked 80.64 times, and the segment reserved…
Source: Live Mint Stock Market today: The domestic benchmark indices, Nifty 50 and Sensex, fell slightly on Wednesday, continuing the downward trend from the previous day, as investors awaited the US Federal Reserve’s policy announcement, which will be scrutinized for cues regarding its future approach to interest rate cuts. Sensex was down 149.31 points to…
Source: Live Mint Intraday stocks for today under ₹100: As volatility is becoming a norm rather than an exception in the Indian stock market, sharp selling was witnessed across sections on Tuesday. Among the frontline indices, the Nifty 50 index crashed 347 points and closed at the 24,320 mark, the BSE Sensex nosedived 1,086 points…
Source: Live Mint SINGORE -Shares of Kioxia rose 6% in their market debut on Wednesday, valuing the Bain-backed chipmaker at more than 820 billion yen and highlighting steady investor demand for the third biggest IPO in Japan this year. Kioxia, a major manufacturer of memory chips, raised 120 billion yen after pricing its IPO in…
Source: Live Mint Breakout stocks to buy or sell: As volatility is becoming a norm rather than an exception in the Indian stock market, sharp selling was witnessed across sections on Tuesday. Among the frontline indices, the Nifty 50 index crashed 347 points and closed at the 24,320 mark, the BSE Sensex nosedived 1,086 points…
Source: Live Mint (Bloomberg) — Chile’s central bank cut its key interest rate by a quarter point for the third meeting and delivered a stern warning on short-term inflation challenges, raising the odds of a coming pause to its easing cycle. Policymakers led by Rosanna Costa voted unanimously to lower borrowing costs to 5% late…
Source: Live Mint (Bloomberg) — The Bank of Japan is set to discuss whether or not an interest rate hike is warranted on Thursday, with views from officials suggesting a lean toward a hold amid growing market speculation of a January move. Governor Kazuo Ueda’s board is expected to leave its benchmark rate unchanged…
