International Gemmological Institute IPO: Blackstone-backed firm raises  ₹1,900 crore from anchor investors | Stock Market News

International Gemmological Institute IPO: Blackstone-backed firm raises ₹1,900 crore from anchor investors | Stock Market News

Source: Live Mint International Gemmological Institute Limited raised ₹1,900 crore from anchor investors ahead of its public issue, according to an exchange filing by the company on Thursday, December 12. The company has allocated 4,55,71,942 or 4.55 crore equity shares to the anchor investors at an allocation price of ₹417 per share, with a face…

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Wall Street today: S&P 500, Nasdaq slid at US market open as investors eye economic data ahead of Fed meeting | Stock Market News

Wall Street today: S&P 500, Nasdaq slid at US market open as investors eye economic data ahead of Fed meeting | Stock Market News

Source: Live Mint Wall Street today: The US markets opened today with the S&P 500 and the Nasdaq losing points on Thursday, after closing higher at the previous market close. Stock market investors are eyeing some the last economic datasets ahead of the Federal Reserve’s meeting.  At 9:37 a.m. (ET), the Dow Jones Industrial Average…

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Collateral deposits of  ₹4.5 tn show inefficiencies in system: Sebi’s Narayan G | Stock Market News

Collateral deposits of ₹4.5 tn show inefficiencies in system: Sebi’s Narayan G | Stock Market News

Source: Live Mint Much of collateral placed by investors is locked in opaque systems controlled by brokers, custodians and banks, Securities and Exchange Board of India’s (Sebi) Whole Time Member Ananth Narayan G said on Thursday, highlighting the inefficiencies within the system. Speaking at the India Fintech Forum 2024 in Mumbai, Narayan said that much…

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Inventurus Knowledge Solutions IPO: Rekha Jhunjhunwala-backed issue subscribed 1.36 times on day 1; Latest GMP | Stock Market News

Inventurus Knowledge Solutions IPO: Rekha Jhunjhunwala-backed issue subscribed 1.36 times on day 1; Latest GMP | Stock Market News

Source: Live Mint Inventurus Knowledge Solutions IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors. The employee portion has been reserved upto 65,000…

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BlueStone Jewellery files DRHP with SEBI to raise  ₹1,000 crore via fresh issue, OFS; Check IPO details | Stock Market News

BlueStone Jewellery files DRHP with SEBI to raise ₹1,000 crore via fresh issue, OFS; Check IPO details | Stock Market News

Source: Live Mint BlueStone Jewellery and Lifestyle, which offers contemporary lifestyle diamond, gold, platinum, and studded jewellery under its flagship brand “BlueStone” has filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO is a combination of a fresh issue of shares worth ₹1,000 crore and…

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Sticky US inflation and Trump tariffs cast doubt on Fed’s rate cut path, say experts | Stock Market News

Sticky US inflation and Trump tariffs cast doubt on Fed’s rate cut path, say experts | Stock Market News

Source: Live Mint Although US CPI inflation recorded its sharpest increase in seven months, it aligned with forecasts and did not disrupt expectations of a 25 bps rate cut by the US Federal Reserve next week. However, the November inflation data highlighted that the Fed still faces significant challenges in bringing inflation below its 2…

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Indian stock indices slump marginally

Indian stock indices slump marginally

Source: Live Mint New Delhi [India], : Stock indices in India continued to remain in red throughout Thursday’s session. Sensex closed at 81,263.84 points, down 262.30 points or 0.32 per cent, while Nifty closed at 24,538.85 points, down 102.95 points or 0.42 per cent. Indian stock markets opened flat as consolidation continued. “The market continued…

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Stock market today: Nifty 50, Sensex slip ahead of CPI data; IT stocks shine on Fed rate cut optimism | Stock Market News

Stock market today: Nifty 50, Sensex slip ahead of CPI data; IT stocks shine on Fed rate cut optimism | Stock Market News

Source: Live Mint Indian markets experienced a volatile session on Thursday, December 12, despite a strong handover from Wall Street, as investors exercised caution ahead of India’s key retail inflation data, scheduled for release later in the day.  According to a Mint poll of 16 economists, retail inflation is expected to have eased to 5.5%…

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