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Source: Live Mint Indian stock market: On Monday, September 9, the Indian stock market benchmarks, the Sensex and the Nifty 50, posted solid gains. The Sensex closed at 81,560, marking an increase of 376 points or 0.46 percent, while the Nifty 50 ended the day at 24,936.40, up 84 points or 0.34 percent. “Nifty Index…
Source: Live Mint The Dow Jones rose 0.52%, the S&P 500 added 0.62%, the Nasdaq rose 0.87% Read Full Article
Source: Live Mint Share Samadhan initial public offerings (IPO), which opened for subscription on September 9, was subscribed over 1.10 times on the first day of bidding. The small and medium enterprise (SME) IPO received 25,55,200 bids against offered 23,28,000. Share Samadhan, formerly known as Tiger Island Hospitality Private Limited, was established in 2011. The…
Source: Live Mint “Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation. When the capital development of a country becomes the by-product of the activities of a casino, the job is likely to be ill done,”…
Source: Live Mint Krishnan VR, Chief of Quantitative Research team at Marcellus, believes that valuations of Indian markets are clearly quite extended both compared to history and across various sectors and stocks. However, he opined that as long as mid- and small-cap stocks deliver on expected earnings growth, there won’t be any valuation derating. He…
Source: Live Mint Expert Views: Short-term market triggers are likely to be driven by macroeconomic data, said Pradeep Gupta, Co-founder & Vice-chairman, Anand Rathi Group, talking to Mint. He expects 25bps rate cut by the US Federal Reserve and says these expectations seem to be largely priced in by global financial market. He currently favour…
Source: Live Mint Electric two-wheeler maker Ather Energy on Monday filed Draft Red Herring Prospectus (DRHP) with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The proposed Ather Energy IPO is a combination of a fresh issue of equity shares worth ₹3,100 crore and an Offer For Sale (OFS) of…
Source: Live Mint The initial public offering (IPO) of Mach Conferences and Events has been finalised today after overwhelming interest and robust subscriptions. The SME IPO, valued at ₹125.28 crore, opened for bidding on September 4 and closed on September 6. The price band was set at ₹214-225 per share. Investors can check the Mach…
Source: Live Mint Tolins Tyres IPO: The bidding for the initial public offering (IPO) of tyre manufacturing company Tolins Tyres Ltd began today, September 9, and is witnessing decent demand. The retail portion of the Tolins Tyres IPO has been fully booked within hours of opening. Tolins Tyres IPO price band is set at ₹215…
Source: Live Mint At 09 Sep 11:17 today, Vodafone Idea shares are trading at price ₹13.19, -1.27% down from the previous closing price. Sensex is trading at ₹81341.53, up by 0.19%. The stock has hit a high of ₹13.58 and a low of ₹12.99 during the day. On the technical front, the stock is trading…
