Stocks, bonds and major currencies held to tight ranges Friday as traders prepared for US jobs data that will help determine the size of a Federal Reserve rate cut later this month. Shares in Japan fluctuated, as the yen stabilized after a rally this week, while those in Australia were little changed. Futures for US … Read more
The shares of Aeron Composite listed on the NSE SME platform with a premium of 20% on Wednesday. The stock debuted at Rs 150 as against an issue price of Rs 125. Ahead of the listing, the company’s shares traded with a premium of 27% to the issue price. The IPO, which was completely a … Read more
Domestic markets traded subdued and ended the day nearly unchanged, continuing the ongoing gradual uptrend. In today’s trade, shares of General Insurance Corp, ONGC, SpiceJet, GSK Pharma, Cipla among others will be in focus due to various news developments. General Insurance CorpThe government has proposed to sell 6.78% stake in General Insurance Corporation of India … Read more
After an oversubscription on the first day of the bidding process, the initial public offering (IPO) of Gala Precision Engineering was subscribed over 20 times on day 2. The issue opened for bidding on September 2 and will be closing on September 4. As of 11:30 am on day 2, the strongest demand was driven … Read more
Shares of the metal major Vedanta on Tuesday gained 2% to its day’s high of Rs 473.05 after the company announced third interim dividend of Rs 20 per share for the financial year 2024-25. The total dividend payout will amount to Rs 7,821 crore and the company has set September 10 as the record date … Read more
Trading of Tata Motors DVR shares will stop today as Tata Motors on Tuesday announced that trading of its differential voting rights (DVR) shares will cease due to their conversion into ordinary shares.The company had planned to cancel the DVR shares, which have been listed since 2008, and replace them with ordinary shares. For every … Read more
On Thursday, shares of Reliance group companies TV18 Broadcast and Network18 Media and Investments surged up to 13% to their respective day’s high of Rs 54.26 and Rs 106 on BSE after the Competition Commission of India (CCI) approved the merger between Reliance Industries-promoted Viacom18 and Walt Disney-owned Star India. The shares of TV18 Broadcast … Read more
Paytm shares jumped 5% on the BSE in Thursday’s early trade, reaching a high of Rs 565, after the company received approval from the finance ministry to invest in its payment services business. After this approval, the payment services business, Paytm Payments Services Limited (PPSL), will resubmit the application for its payment aggregator license. “We … Read more
Shares of the central PSU NBCC surged 8% on Wednesday to its day’s high of Rs 192.40 on BSE after the company’s board announced that it would consider the issue of bonus shares in the upcoming board meeting. “It is hereby informed that meeting of Board of Directors of the Company, NBCC (India) Limited, is … Read more
Amid mixed global cues, Indian equity indices Sensex and Nifty opened slightly higher on Wednesday, driven by gains in auto and energy stocks. The BSE Sensex was up 89 points, or 0.11%, at 81,799, while the Nifty50 rose 19 points, or 0.08%, to 25,036—just 42 points shy of its all-time high—around 9:22 am. From the … Read more
