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Source: Live Mint The political crisis in Bangladesh, a major exporter of ready-made garments (RMG), drove several listed Indian textile stocks to new 52-week highs in July and August. This surge reflects anticipation that the unrest in Bangladesh could lead large RMG brands and retailers to reassess their supply chains and reduce dependence on the…
Source: Live Mint The Electronics Manufacturing Services (EMS) industry in India is experiencing substantial revenue growth, mainly due to robust industry demand, the introduction of new segments and acquisition of new clients, rising domestic production, import replacement, and international collaborations, believes brokerage house, Motilal Oswal Financial Services Ltd. In its analysis, the brokerage said that…
Source: Live Mint SEMICON India 2024: India’s leading semiconductor stocks, such as SPEL Semiconductor Ltd, ASM Technologies, and RIR Power Electronics, among others, surged over five-six per cent on Wednesday, September 11, in a fresh stock-specific rally fueled by the government’s semiconductor manufacturing and investment plans outlined by Prime Minister Narendra Modi. PM Modi inaugurated…
Source: Live Mint Indian stock market: Indian shares experienced significant volatility in Wednesday’s trading session. The Nifty 50 index dropped by 0.50%, falling below the 25,000 mark to end at 24,915 points. Similarly, the S&P BSE Sensex decreased by 0.53%, closing at 81,485 points. “Volatility marked the trading session with intense profit-taking in late trades…
Source: Live Mint Kross IPO: The initial public offering (IPO) of auto parts manufacturer Kross Limited was subscribed over 16 times on the third and last day of issue. The mainboard IPO of the Jamshedpur-based company opened for subscription on Monday, September 9, 2024 and closed on Wednesday, September 11. Kross IPO’s issue size is…
Source: Live Mint International crude oil prices slightly recovered from a 33-month low level and climbed three per cent or over $2 a barrel on Wednesday, September 11, driven by fears of lengthy production shutdowns in the offshore oil patch due to Hurricane Francine. The recovery in prices also came after an increase in US…
Source: Live Mint The initial public offerings (IPO) of Excellent Wires and Packaging opened for subscription on September 11. The small and medium enterprise (SME) IPO was subscribed over 1.27 times on the first day of bidding. Established in March 2021, Excellent Wires and Packaging Limited produces a diverse range of wires and wire ropes…
Source: Live Mint Tolins Tyres initial public offerings (IPO), which opened for subscription on September 9, was subscribed 23.89 times on the final day of bidding on September 11. Tolins Tyres was established in 2003 and is one of the top tire manufacturing companies in India. It exports its products to 40 countries and specializes…
Source: Live Mint Recent global developments leading to ample supplies amid weaker demand prospects have pushed Brent oil prices to lows of ~USD71/bbl. While upstream earnings are currently impacted, with the OPEC+ delaying its planned rise in production, we expect oil prices to rebound to USD75-80/bbl in the near term. Thus, net oil realization should…
Source: Live Mint US stock indices were mixed on Wednesday after the latest inflation data. At the opening bell, the Dow Jones Industrial Average fell 98.2 points, or 0.24%, to 40638.76. The S&P 500 fell 0.9 point, or 0.02%, to 5496.42, while the Nasdaq Composite rose 35.5 points, or 0.21%, to 17061.406. Oil prices climbed…
