Crude oil declines as US inventories rise above market expectations
Crude oil futures traded lower on Wednesday morning as data from an industry body showed a massive increase in crude oil inventories in the US for the week ending November 17. At 9.52 am on Wednesday, January Brent oil futures were at $82.35, down by 0.12 per cent, and January crude oil futures on WTI […]
Tata Tech raises ₹791 cr from anchor investors ahead of IPO
Tata Technologies has raised ₹791.05 crore, ahead of its IPO, on Tuesday. The public issue from Tata Group company opens on Wednesday and closes on Friday at a price band of ₹475-500. The board of Tata Technologies has finalised the allocation of 1.58 crore shares to anchor investors at ₹500 a share, it said in […]
Nifty expected to open at 19,800: Analysts gauge market stability amidst narrow range movement
Domestic markets are likely to open in positive zone on Tuesday on global cues. However, analysts expect the market to move in a narrow range with lack of participation. As the market currently lacks triggers, sector rotation and stock=specific action will continue, they added. Buzzing stocks. Stocks that will see action today: November 21, 2023 Avdhut […]
Markets fall for 2nd day amid sell-off in auto, commodity stocks
Equity benchmark indices Sensex and Nifty stayed on the back foot for the second straight session on Monday as investors offloaded auto, utility and commodity stocks amid fresh foreign fund outflows. Also read: Rupee falls 9 paise to close at 83.35 against US dollar In a volatile trade, the 30-share BSE Sensex declined 139.58 points […]
Majority of PMS schemes outperform Nifty in October
The majority of the portfolio management services (PMS) schemes outperformed the Nifty50 in October. Nearly 63 per cent, or 205 of the 326 PMS schemes, were able to beat the returns generated by the benchmark, data from PMS Bazaar shows. The 326 schemes collectively delivered average returns of -2 per cent, higher than the -2.7 […]
FPIs turn buyers; invest ₹1,433 cr in equities in Nov so far
After sustained selling in the last two and a half months, FPIs bought Indian equities worth ₹1,433 crore thus far in November, mainly due to the decline in US treasury bond yields and crude oil prices. Foreign Portfolios Investors (FPIs) were net sellers till November 15. However, they reversed the selling trend by infusing money […]
Tata Technologies IPO: Should You Subscribe?
The IPO of Tata Motors’ ER&D subsidiary — Tata Technologies (Tata Tech) — hits the bourses on November 22. The offer size of ₹3,042 crore consists entirely of an offer for sale by promoter (Tata Motors) and a few other investors. Post issue, Tata Motors will continue to own a little over 55 per cent […]
Analysts see little headroom for SAIL stock
Shares of Steel Authority of India Ltd (SAIL) have been moving in a narrow range this year and remain lacklustre with a flat return of 0.4 per cent year-to-date. On the other hand, Tata Steel and Jindal Steel & Power gave a return of 4.8 per cent and 8.84 per cent. However, on Friday, the […]
Religare Can’t be Personal Fiefdom of a Few, says Mohit Burman
Amidst the ongoing takeover tussle for Religare Enterprises Limited (REL), a key member of the Burman Family, Mohit Burman, said that he has confidence in obtaining all requisite regulatory approvals for the open offer even while noting that the ₹235 price offered was a ‘fair’ one and is at a premium to SEBI formula arrived […]
IREDA fixes IPO price band as ₹30-32
State-run Indian Renewable Energy Development Agency (IREDA) said on Thursday that it has fixed a price band of ₹30-32 per share for its initial public offer (IPO), which will open on Tuesday next week. IREDA, a mini-ratna under the Ministry of New and Renewable Energy (MNRE), is a systemically important non-deposit-taking non-banking finance firm (NBFCND-SI) […]