IndusInd Bank stock: The fifth-largest private bank in India, IndusInd Bank is a newer private sector bank supported by the Hinduja group. Its shares broke its one-year peak of ₹1,618 and reached a new 52-week high of ₹1,650.7 apiece in today’s trade. The bank’s quarterly update for 3QFY24 was released on Wednesday, which coincided with…
Indian stock market: Weak global market cues are expected to cause the local equities market to open lower on Wednesday, continuing the downward trend. While the US stock market ended the night in mixed territory, the Asian markets saw lower trading. For more clues on Wednesday, investors will be watching the US Federal Reserve meeting…
Alok Industries: Preferential shares were privately placed with RIL at a dividend rate of nine percent. Once Reliance Industries Ltd (RIL) subscribed for non-convertible redeemable preferential shares worth Rs 3,300 crore on January 2, shares of Alok Industries surged by 20 percent and were locked in their upper circuit at Rs 25.80, also the highest…
Azad Engineering IPO: Limited’s initial public offering (IPO) will accept subscriptions through December 22, 2023, and bidding will be accepted through that date. This indicates that investors have just one day left to apply for the public offering of Azad Engineering, as the IPO will close this evening. The firm that makes turbines and aerospace…
FOREX-Dollar: The dollar held steady while sterling crosses lost ground on Thursday in holiday-thinned trade ahead of the year’s final major data release, U.S. inflation figures on Friday. Sterling GBP=D3 fell sharply against the dollar on Wednesday after British inflation fell short of expectations to 3.9% year on year in October, a two-year low. The…
Suzlon Energy: This project will be a part of the tariff-based Wind-Solar Hybrid and STU (State Transmission Utility) project to increase the contribution of Renewable Energy in the state of Gujarat. The KP Group awarded Suzlon Energy a repeat order for the development of a 193.2 MW wind power project, which caused the company’s shares…
Tuesday’s closing price increase for US stocks put an eighth weekly victory within reach as investors continued to be bullish about the possibility of interest rate cuts despite cautions that such expectations are exaggerated. For the fifth consecutive record close, the Dow Jones Industrial Average (^DJI) increased by about 0.7%, or more than 250 points….
Inox India IPO: On its third day, the Inox India IPO saw an oversubscription as a result of the overwhelming response it continued to receive from non-institutional and retail investors (NIIs). As of 13:00 IST, 15.75 times have been subscribed to the Inox IPO. The Inox IPO went quite well on the first and second…
Indian markets: All sectoral indices finished in the green, with Nifty Information Technology up 7%, Nifty PSU Bank and Metal indices up 5% each, and Nifty Realty up nearly 4%. Indian markets extended their winning streak for the seventh week in a row, with benchmarks setting new lifetime highs in the week ended December 15,…
HFCL subsidiary: According to HFCL, the size of the global surveillance radar market is expected to increase from its current $6.87 billion annual value to $12 billion by 2030. On December 15, HFCL announced the creation of novel radar technology via its subsidiary. In response to the announcement, the company’s shares closed on December 15…
