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Source: Live Mint Benchmark indices extended Friday’s gains to Monday, with the Nifty clocking the biggest two-day rise since early June. However, market experts are unsure if the gains will sustain or prove to be fleeting. After tumbling 11% from its 1 October record, the Nifty has in two sessions recouped nearly 4% from its…
Source: Live Mint Enviro Infra Engineers Limited’s initial public offering (IPO), through a book-building process, offers a fresh issue and an offer-for-sale (OFS) component. The IPO completed its second day of public bidding on Monday, November 25. The public offer was subscribed 12.52 times on the second day as investors bid for 38,55,19,222 or 38.55…
Source: Live Mint US stocks advanced on Monday after Scott Bessent was nominated as Treasury Secretary in the incoming Donald Trump administration. At 09:50 a.m. the Dow Jones Industrial Average rose 459.25 points, or 1.03 per cent, to 44,753.77, the S&P 500 gained 43.12 points, or 0.72 per cent, to 6,012.50 and the Nasdaq Composite…
Source: Live Mint Upcoming IPO: Kalpataru Ltd and Unimech Aerospace and Manufacturing Ltd has been issued final observation by the Securities and Exchange Board of India (SEBI), allowing them to raise funds through an initial public offering (IPO). Kalpataru filed its IPO documents with SEBI on August 14, 2024, while Unimech Aerospace and Manufacturing filed…
Source: Live Mint C2C Advanced Systems’ three-day initial public offering (IPO) opened for subscription on Friday, November 22 in the price range of ₹214 to ₹226 per share. The IPO was subscribed on the first day itself, with strong demand from retail and institutional investors. The IPO consists of a fresh issue of 4,383,600 equity…
Source: Live Mint Fast-moving consumer goods (FMCG) giant Hindustan Unilever’s board on Monday, November 25, gave in-principle approval to demerge its ice cream business into an independent, listed entity. According to the filing, HUL shareholders will receive shares in the new entity in proportion to their existing holdings in the FMCG major. HUL has several…
Source: Live Mint Crompton Greaves Consumer Electricals Ltd’s shares have gained 9% since its September quarter results (Q2FY25) were released around mid-November. Consolidated gross margin expanded year-on-year, pushing Ebitda growth to 16.5%, ahead of 6% revenue growth. This could be exciting for investors, coupled with the fact that Crompton’s electric consumer durables (ECD) business saw…
Source: Live Mint Top Gainers and Losers Today : The Top Gainers And Losers Today: The Nifty index concluded trading at 23907.25, representing an increase of 1.32%. Throughout the day, the Nifty reached a high of 24351.55 and a low of 24135.45. The Sensex experienced fluctuations within the range of 80473.08 and 79765.99, ultimately closing…
Source: Live Mint After a significant correction over the past month, Indian benchmark indices have shown signs of recovery. Both the Sensex and Nifty 50 extended gains on Monday, November 25, marking the second consecutive day of upward movement. The surge followed the landslide victory of the BJP-led NDA alliance in the state elections in…
Source: Live Mint Foreign portfolio investors (FPIs) have been on a selling spree over the last one and a half months, withdrawing funds from Indian equities at an unprecedented pace and reversing their earlier purchasing streak. This sudden shift in FPI behaviour has weighed heavily on market sentiment. So far in November, FPIs have offloaded…
