The ₹2,900-crore initial public offering of ACME Solar Holdings closes today for public subscription. The IPO has so far been subscribed 0.70 times, thanks to retail investors. The IPO comes with a price band of ₹275-289 a share and will close on Friday. The issue is a combination of a fresh issue of ₹2,395 crore, and an…
Domestic markets are expected to open on a flat note despite the US Fed rate cut. The US Federal Reserve has reduced the interest rate by another 25 bps to 4.50-4.75 per cent, triggering a sharp rally in the already surcharged S&P 500 and Nasdaq that lifted them to new all-time highs. However, Gift Nifty (at 8 am)…
Q2 Results 2024 Updates: Here are the updates on the Q2 financial results of some of India’s major companies, including State Bank of India, Life Insurance Corporation of India, Tata Motors, Power Finance Corporation, Ashok Leyland, MRF, Ola Electric Mobility, and others. These results offer critical insights into each company’s performance and market outlook, impacting…
Sensex opened at 79,611.90, up from its previous close of 79,541.79, and is currently at 79,577.86, reflecting a slight increase of 36.07 points or 0.05 per cent. Meanwhile, the Nifty opened at 24,207.70, above its previous close of 24,199.35, and is trading at 24,214.70, up by 15.35 points or 0.06 per cent as of 9.45…
Niva Bupa Health Insurance Company Limited’s initial public offering (IPO) witnessed a muted response on its second day, with an overall subscription of 0.71 times as of November 8, 2024, 11.36 AM. The retail portion of the IPO emerged as the only fully subscribed category, receiving 1.02 times the shares reserved for retail individual investors…
Reliance Industries Ltd has erased almost $50 billion in market capitalisation since its peak in July as the most valuable Indian firm struggles with weakening earnings and an economic slowdown. Shares of the refining-to-retail conglomerate led by billionaire Mukesh Ambani have barely risen this year, trailing the benchmark NSE Nifty 50 Index by the widest…
ACME Solar Holdings Limited’s Initial Public Offering (IPO) received mixed responses across investor categories on its final day, with an overall subscription of 0.79 times as of 11.42 AM on November 8, 2024. The retail portion emerged as the strongest segment, with Retail Individual Investors (RIIs) bidding 2.41 times their allocated quota of 1.05 crore…
Equity benchmarks slipped into negative territory during Thursday afternoon trading, despite a flat opening following the Federal Reserve’s rate cut. The BSE Sensex fell 184.52 points or 0.23 per cent to 79,357.27, while the Nifty50 declined 75.30 points or 0.31 per cent to 24,124.05 as of 12.30 pm. The market breadth remained negative, with 2,418…
Swiggy IPO has been subscribed 2.15 times so far on day three. The IPO opened on Wednesday saw a muted response from investors with a 35 per cent subscription. Priced at ₹371-390 with a lot size of 38 shares, the IPO closes today, November 8, 2024. As at 1.33 pm on day three, the QIB has…
Computer Age Management Services Limited (CAMS) and KFin Technologies Limited announced today the formation of a 50:50 joint venture company to operate ‘MF Central,’ their mutual fund investment management platform. The agreement was signed on November 8, 2024. The shares of Computer Age Management Services Limited (CAMS) were trading at ₹4,690.85 up by ₹53.35 or…
