Indian equities are likely to open sharply lower on Monday after a turbulent end to the week for global markets, with crude oil prices surging, US stocks falling, and the GIFT Nifty indicating a steep decline at the start of trading. Early signals suggest a negative opening as GIFT Nifty was down nearly 300 points,…
Shares of ICICI Prudential Asset Management Company made a strong market debut, listing at a 20.3% premium over the issue price of Rs 2,165 per share. The Rs 10,600 crore IPO witnessed robust demand with an overall subscription of 39.17 times. Qualified institutional buyers subscribed nearly 124 times, non-institutional investors 22 times, and retail investors…
Shares of newly listed Billionbrains Garage Ventures Ltd., the parent of investment platform Groww, continued their strong post-listing momentum for the fourth straight session on Tuesday, November 18, climbing as much as 11.4% to a record high of Rs 194 on the NSE. The stock has now delivered a staggering 94% return over its IPO…
Shares of TruAlt Bioenergy made a strong market debut on Wednesday, October 3, listing at Rs 545.40, an 11% premium to its issue price of Rs 496, but gave up early gains to slip 3.4% from the day’s high, trading at Rs 530 on the NSE. The listing was slightly below the grey market price…
Indian equities kicked off last week on a high, with the GST Council’s sweeping tax cuts sparking hopes of a broad rally. However, the rally fizzled out as quickly as it started. By Friday, the Nifty gave up much of its early gains. The GST Council’s move to simplify tax rates and lower levies on…
Foreign Institutional Investors (FIIs) have been net sellers in August so far, offloading equities worth Rs 20,975 crore. In this holiday-truncated week, FPIs sold Indian equities in each of the four trading sessions. They sold shares worth Rs 10,173 crore during the week. On Friday, FIIs outflows stood at Rs 1,926.8 while the domestic institutional…
Shares of JSW Cement stumbled on their first day of trading Thursday, sliding more than 5% from their opening price and erasing early gains that had topped grey-market expectations, in a muted debut for the Rs 3,600-crore offering. The stock listed at Rs 153 on the BSE, 4.1% above its IPO price of Rs 147,…