PN Gadgil Jewellers IPO: An Impressive Market Debut The much-anticipated IPO of PN Gadgil Jewellers made a striking debut on the stock exchanges today, capturing significant attention from investors. The initial public offering (IPO) was priced at Rs 480 per share and garnered an overwhelming response, being oversubscribed by more than 59 times. This led ...
Market Overview: Mutual Fund Activity in August In August, mutual funds showcased significant buying activity, purchasing a staggering ₹35,600 crore worth of equities. Concurrently, foreign institutional investors (FIIs) were net sellers, offloading shares worth ₹2,700 crore. This scenario has created an environment of abundant liquidity, with approximately ₹20,000 crore flowing into the market every month. ...
Market Overview On September 16, the Indian equity market exhibited a bullish trend, with the Nifty index trading around 25,400 points. Financial analyst Anuj Singhal from CNBC-Awaaz shared insights on the current market situation, advising investors to hold off on new purchases for the next couple of days. Instead, he emphasized the importance of maintaining ...
Market Overview Indian benchmark indices, the Sensex and Nifty 50, are anticipated to open on a stable or positive note on September 17. Earlier in the day, Nifty was trading slightly higher at around 25,492.50. The markets demonstrated resilience by hitting new all-time intraday highs on September 16, successfully breaking a three-day losing streak. Nifty ...
Celebrating the 74th Birthday of Prime Minister Narendra Modi Today marks a significant milestone as Prime Minister Narendra Modi celebrates his 74th birthday. While for him, it is just another day filled with responsibilities and work, the Bharatiya Janata Party (BJP) has put together a series of special celebrations. This occasion is honored as a ...
Current Global Market Trends The global markets are sending mixed signals as we navigate through fluctuating economic indicators. In Asia, the Nikkei index is experiencing a notable decline of approximately 2%, reflecting investor caution. Conversely, the GIFT Nifty is trending upward, indicating some optimism among Indian investors. In the United States, the markets closed with ...
Nifty Trade Setup: September 16 Insights The Indian stock market closed on a positive note yesterday, showing a modest advancement in the Nifty 50 index, which rose by 27 points to settle at 25,384. Notably, this trading day also saw the index achieve a new intraday high. The formation of higher tops and bottoms is ...
As of September 17, 2024, at 7:55 AM IST, the stock market has demonstrated mixed performance, prompting investors to navigate through the prevailing volatility with caution. Religare Broking’s Ajit Mishra shared insights into the day’s trading activity, revealing a sluggish market characterized by modest gains. Market Overview The stock market experienced a slight upward movement, ...
Introduction: SpiceJet, a prominent player in the low-cost airline sector, is making headlines as it prepares to raise significant funds through a Qualified Institutional Placement (QIP). This strategic move is aimed at enhancing its operational capabilities and financial position in a competitive market. Let’s delve deeper into the details of this fundraising initiative and the ...
Introduction to Suran: The Elephant Foot Yam When it comes to vegetables, many people are familiar with a select few, but some truly nutritious options often go unnoticed. One such vegetable is Suran, also known as Jimikand or Elephant Foot Yam. Its scientific name is Amorphophallus Paeoniifolius, and it is commonly referred to as Yam ...
Bajaj Housing Finance Share Price: A Remarkable Debut Overview: Bajaj Housing Finance made a stunning entry into the stock market on September 16, being listed at an impressive price of Rs 150, reflecting a remarkable premium of 114%. Investors who had previously acquired shares at Rs 70 witnessed their investments more than double, as the ...
DA Hike Updates: A Boost for Central Government Employees Great news is on the horizon for central government employees! The government is set to announce an increase in the dearness allowance (DA) this month, a move that promises to significantly enhance the monthly salaries of millions of employees across the country. The anticipation for this ...
Gold Price Update: The surge in gold prices continues to shatter records, with the price on the COMEX nearing an astonishing $2,600 per ounce. Over the last week, gold has delivered a robust return of over 3%. Currently, the price has surpassed $2,580 per ounce. Remarkably, in 2024 alone, gold has soared over 23%, and ...
Amazon and Flipkart Announce Exciting Festival Sales The festive season is around the corner, and two of India’s largest e-commerce platforms, Amazon and Flipkart, are gearing up for their highly anticipated sales. Both the Great Indian Festival and the Big Billion Days will kick off on the same day, September 27, 2024. However, Prime and ...
Market Overview: Nifty’s Performance Today Today, the stock market exhibited a subtle movement, with the Nifty Index trading in a tight range between 25,350 and 25,420 points. Ultimately, it closed the day at 25,383.75, reflecting a modest gain of 27.25 points. This indicates a relatively stable trading session, as investors cautiously navigated market sentiment amid ...
Understanding the New Timeline for Bonus Shares as per SEBI Regulations The Securities and Exchange Board of India (SEBI) has recently revolutionized the way bonus shares are issued to shareholders. As of October 1, 2024, investors will experience a more efficient process that significantly reduces the time it takes to receive bonus shares. Previously, shareholders ...
Overview of HDFC Bank’s Market Position The stock market has recently seen shifts in investor sentiment, with significant implications for HDFC Bank shares. Following the robust debut of Bajaj Housing Finance, a concerning trend has emerged: mutual funds are offloading their stakes in HDFC Bank at an alarming rate. In August alone, they divested shares ...
Introduction In recent trading sessions, Eraaya Lifespaces has become the talk of the market as its stocks continue to experience an unprecedented surge. For investors looking to capitalize on growth, this is an intriguing opportunity worth exploring. In just 14 days, the company has seen its shares soar by a remarkable 100%, thanks to hitting ...
Concerns Raised by Union Finance Minister on Stock Market Speculation Union Finance Minister Nirmala Sitharaman highlighted the increasing need for caution regarding speculative activities in the stock market, specifically concerning futures and options trading. In a recent discussion with Network18 Editor-in-Chief Rahul Joshi on the ‘Chaupal’ program aired on News18, she emphasized the importance of ...
Current Trends in Gold and Silver Prices On Monday, the silver prices witnessed a notable increase of Rs 522, trading at Rs 89,702 per kg in the futures market. This surge can be attributed to heightened trading activity as market participants responded to robust spot demand. At the Multi Commodity Exchange, the futures contract for ...
