Stocks that will see action today—April 9, 2024
The US-based Citigroup on Monday bought shares of RBL Bank and South Indian Bank through open market transactions. The global financial advisory through its affiliate Citigroup Global Markets Mauritius acquired 66.97 lakh shares amount to 1.11 per cent stake of RBL Bank. It also picked up more than 1.76 crore shares, or 0.7 per cent, […]
Rupee settles on flat note at 83.31 against US dollar
The rupee settled on a flat note on Monday at 83.31 (provisional) against the US dollar, as the support from positive domestic equities was negated by the strength of the American currency in the overseas market. Also read:Rupee inches higher, forward premiums slip as Fed rate cut bets recede Forex traders said investor sentiments got […]
Pre-IPO investment sees 3x surge in FY24
Companies that made their debut on the bourses in the last financial year raised over ₹1,300 crore by way of pre-IPO placements. Also read:Unrealistic valuations could hit IPO prospects of internet companies This is three times the amount collected through this route in the last fiscal and the highest mop-up since FY17, the year from […]
Four of top 10 valued firms add ₹1.71 lakh crore to mcap; HDFC Bank, LIC lead gainers
Four of the top 10 valued firms added ₹1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India (LIC) emerging as the biggest gainers in line with an overall positive trend in equities. On the other hand, six companies from the top 10 pack took a ₹78,127.48 crore […]
Bullion Cues: In a Strong Uptrend
Precious metals are at record levels post last week’s rally. In terms of dollars, gold and silver appreciated 4.3 per cent and 10 per cent, as they closed at $2,330 and $27.50 per ounce respectively. Similarly, on the Multi Commodity Exchange, gold futures gained 4.3 per cent to end at ₹70,636 (per 10 gram), whereas […]
Vijay Kedia-backed TAC Infosec jumps 3-fold on listing
TAC Infosec, risk and vulnerability management company, on Friday made a strong debut on the NSE Emerge platform. The stock was listed at ₹290, a premium of 174 per cent over IPO price of ₹106. The stock rose further to end at ₹304.50. Trading volume stood at 14.60 lakh shares. Also read:TAC Security eyes turnover […]
Artemis Medicare signs agreements with IFC to raise funds of ₹3,300 million
Artemis Medicare Services Ltd. has signed a definitive agreement with the International Finance Corporation (IFC), a member of the World Bank Group, to raise funds of ₹3,300 million in the form of compulsorily convertible debentures (CCDs). IFC’s investment will help the company improve healthcare accessibility and quality by supporting its growth plans in bed capacity, […]
Foreign brokers allowed to operate remotely at Gift IFSC
The International Financial Services Centres Authority has allowed remote trading by foreign stock broking firms on Gift IFSC exchanges. Such firms will be allowed to trade directly on the stock exchanges on a proprietary basis, without a broker-dealer even if they do not have a physical presence at Gift IFSC in the form of a […]
Stock Market Live Updates: Asian equities rise on Federal Reserve rate cut expectations
Sensex, Nifty, Share Prices LIVE: Equities in Asia climbed on Thursday following Jerome Powell’s reiteration that the Federal Reserve is likely to reduce rates this year. In early trading, Japan’s benchmark Nikkei 225 index rose by 1.78%, or 701.83 points, to 40,153.68, while the broader Topix index increased by 1.39%, or 37.53 points, to 2,744.17. […]
Crude oil gains as Ukraine continues drone attacks on Russian refineries infrastructure
Crude oil futures traded higher on Wednesday morning due to various supply side issues. At 9.55 am on Wednesday, June Brent oil futures were at $89.01, up by 0.10 per cent, and May crude oil futures on WTI (West Texas Intermediate) were at $85.16, up by 0.01 per cent. April crude oil futures were trading […]