L&T: Larsen & Toubro Construction’s Power Transmission & Distribution division has received significant orders in the Middle East region. According to an exchange filing, the company has received an order for the engineering, supply, construction, installation, testing, and commissioning of a 400/132kV Substation in the United Arab Emirates. On December 28, at 10:38 a.m., L&T…
The Indian stock market indices Sensex and Nifty 50 are expected to open higher on Thursday, the monthly expiry day, maintaining their bullish trend amid positive global cues. The trends on Gift Nifty also point to a slow start for the Indian benchmark index. The Gift Nifty was trading around 21,760, compared to the Nifty…
Happy Forgings IPO: Happy Forgings intends to use the net proceeds of the new issue to acquire equipment, repay debt, and for general corporate purposes. Happy Forgings Limited, a manufacturer of heavy forgings, is expected to have a strong debut on the stock exchanges on December 27. Data from Investorgain indicate a robust listing gain…
Strong global market cues are expected to drive the opening of the Indian stock market indices, the Sensex and Nifty 50, on a positive note on Wednesday. The Indian benchmark index is off to a better start, according to Gift Nifty’s trends. Compared to the Nifty futures’ previous close of 21,499, the Gift Nifty was…
Stock market Last week: After seven weeks of gains, key Indian stock market indices took a breather last week. The Nifty 50 index fell 0.55 percent or 113 points last week, while the BSE Sensex fell 257 points or 0.36 percent. In the last five sessions, the Nifty Bank index dropped 493 points or 1.03…
Next week’s holidays: Comex February futures ended the week at $2066.90, up 2.4%, as gold prices finished over $2,000 for the fifth consecutive week. Following the release of PCE data on Friday, the dollar lost ground and fell rapidly to five-month lows of 101.4 level. As we approach the final trading week of the year,…
On December 22, Ola Electric IPO filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The proposed offering consists of a new equity share release of up to 5,500 crore and an offer for sale (OFS) of 95,191,195 equity shares with a face value of 10. Ola Electric…
IIFL Finance: Following a large block deal worth Rs. 1,358 crore, IIFL Finance shares fell more than 7% in early trading on December 22. Approximately 2.4 crore shares, representing a 6.5 percent stake in the company, were traded on the exchanges at an average price of ₹555 each. Notably, the block deal’s floor price was…
Following encouraging signals from the global market, the Indian stock market indices, the Sensex and Nifty 50, are probably going to open higher on Friday. The Indian benchmark index is off to a better start, according to Gift Nifty’s trends. The Gift Nifty was trading at about 21,382, compared to the previous close of 21,376…
Sameera Agro plans to raise a total of 62.64 crore through an initial public offering (IPO), which will involve the sale of 34.80 lakh equity shares. These shares will be listed on the NSE’s emerge platform on January 1, 2024. OVERVIEW On Thursday, December 21, 2023, the bidding for Sameera Agro and Infra’s initial public…
