Stocks

InCred Equities Nifty 50 Overview: •\u0009Resistance Levels: 24,622, 24,650, 24,694 (based on pivot points) •\u0009Support Levels: 24,534, 24,507, 24,462 (based on pivot points) •\u0009Market Sentiment: As long as Nifty 50 sustains above 24,500-24,550, it is likely to move towards 24,700-24,800. A fall below the 24,400-24,300 range could trigger further downside. •\u0009Candlestick Pattern: Despite forming a…

Domestic markets are expected to open positive on Tuesday as US stocks maintain their bullish momentum. Gift Nifty at 24,670 indicates a gap-up opening of about 70 points for Nifty. However, analysts expect the market to remain in consolidation mode due to the lack of domestic triggers. Stock-specific and sector rotation activities will continue amid…

Greaves Finance Limited, a subsidiary of Greaves Cotton Ltd., announced a partnership with River Mobility Private Ltd. on August 20, 2024. Through its evfin platform, Greaves Finance will offer customised financing solutions for River’s electric scooters. The collaboration aims to make River’s vehicles more accessible to consumers across India. The shares of Greaves Cotton Ltd….

Shares of Saraswati Saree Depot Ltd. were listed on Tuesday at a 25 per cent premium to the issue price of Rs 160. The stock debuted at Rs 200, registering a 25 per cent jump from the issue price on the BSE. It later zoomed 31.21 per cent to Rs 209.95. At the NSE, the…

Indian stock markets opened higher on Tuesday, buoyed by positive global cues and a weaker U.S. dollar. The Nifty 50 index opened at 24,648.90, up from the previous close of 24,572.65, while the Sensex started the day at 80,722.54, compared to Monday’s close of 80,424.68. Global market trends, including the recent rally in U.S., Asian,…

China’s Antfin Singapore Pte will be selling 13.6 crore shares or over 1.5 per cent stake in portfolio firm Zomato in a block deal, according to a term sheet. The floor price for the deal is fixed at Rs. 251.68 a share for an aggregating value of $408 million. The floor price is at a…

Shares of Saraswati Saree Depot will be listed on the bourses today after a blockbuster IPO. The company has fixed the IPO price at ₹160. The initial public offering of Saraswati Saree Depot saw a robust response from all categories of investors. The issue closed with an overall subscription of 107.52 times. All categories of…

The ₹600-crore Interarch Building Products saw a robust response from high-net-worth individuals and retail investors on Monday, the first day of the issue opening. At the end of Day 1, the IPO was subscribed 3.20 times overall. The IPO, which has a price band of ₹850–900, will close on August 21. The IPO consists of…

The Reserve Bank of India (RBI) on Monday approved IndusInd Bank to set up a wholly-owned subsidiary for asset management business of mutual funds, the lender said in an exchange notice on Monday. “This is to inform that the Reserve Bank of India…has accorded its approval to the bank for setting up a wholly-owned subsidiary…

INDIA 1)India’s retail inflation in July dropped to 3.54%, marking a near five-year low as food prices eased, government data showed. The actual figure fell below the Reserve Bank of India’s 4% target, primarily due to a high-base effect from last year.  2)Food prices, which constitute nearly half of the retail inflation basket, saw a…