AMFI classification: Top 52 small-cap cos command $3 bn in m-cap
The sharp rally in the equity markets is redefining the small-cap definition for mutual funds. The first 58 stocks that will enter the small-cap as per the Association of Mutual Funds of India definition will have a combined market-cap of about $3 billion. However, globally small caps are classified as stocks within the market cap […]
.jpg "AIK Pipes and Polymers sets IPO price at ₹89 per share; issue opens Dec 26-28")
AIK Pipes and Polymers sets IPO price at ₹89 per share; issue opens Dec 26-28
Pipe maker AIK Pipes and Polymers on Sunday said it has fixed a price of ₹89 per share for its Initial Public Offering (IPO), which will open for public subscription from December 26-28. The initial share-sale is entirely a fresh issue of 16.88 lakh equity shares and the company aims to raise about ₹15.02 crore […]
Global steel output goes up by 3.3% in November
Global crude steel production increased by 3.3 per cent in November 2023 to 145.5 million tonnes (mt) against 139.5 mt in the corresponding period a year ago. For the January-November period, production in the 71 nations that account for 85 per cent of world steel output was pegged at 1,715.1 mt, up 0.5 per cent. […]
India’s forex reserves reach $615.97 billion, highest in 20 months
India’s foreign exchange (FX) reserves rose for the fifth time in the week ending December 15, touching an over 20-month high of $615.97 billion- the highest level since March 2022. FX reserves increased by $9.11 billion during the week, one of the highest weekly increases ever and the second highest in FY24 so far, according […]
Broker’s Call: Siemens (Buy)
Target: ₹4,600 CMP: ₹3,961 Siemens, in its analyst meet, highlighted growth opportunities across segments, plans to demerge its energy division, and plans to increase localization across segments. The company is optimistic about growth prospects in the domestic market across government and private capex. It is also positive about opportunities emerging from new areas such as […]
India’s crude oil suppliers frown over Rupee settlement for cargoes
New Delhi, December 21 India’s crude oil suppliers such as the Abu Dhabi National Oil Company (ADNOC) have expressed concern over repatriation of funds in preferred currency and the high transaction costs on conversion of funds along with exchange fluctuation risks. India’s crude oil import bill, which accounts for 25 per cent of the overall […]
Rupee edges down 4 paise to 83.22 against dollar in early trade
The rupee depreciated 4 paise to 83.22 against the US dollar in early trade on Thursday, tracking negative cues from domestic equity markets and sustained withdrawal of foreign funds. Forex traders said a lower greenback index weighed in favour of the local currency, amid rising concerns over disruption in global trade through the Red Sea […]
Profit booking, Covid scare drag down markets with selling across the board
The stock markets ended Wednesday’s session on a losing note with profit booking at higher levels. The Nifty50 ended 1.4 per cent down at 21,150.15 points. There was selling across the board with all sectors ending in the red. The VIX, which measures the India volatility index spiked 4 per cent to 14.45. The broader […]
PSB stocks sustain rally on hopes of another re-rating
Public sector banks have continued their good run on the bourses this year with the Nifty PSU Bank index gaining 33 per cent in the year to date. For two- and three-year periods, the index is up 123 per cent and 226 per cent, respectively. “The difference in financials and asset quality between public and […]
Stock market update: Nifty at 21400 level; Sensex at 71400 level
The benchmark indices continue to trade flat on Tuesday, BSE Sensex is up by 102.25 points or 0.14 per cent at 71,417.34 as of 12:13 pm, while the Nifty 50 is up by 16.90 pts or 0.08 per cent at 21,435.55. On the BSE, 3,764 stocks were traded as of 12:16 pm on Tuesday, of […]