Business Samachar

IPO: Highways to High Returns? Cube Highways @ 151-152 Posted by Niilesh waghela  Mumbai: Cube Highways Trust on Wednesday fixed the price band at ₹151-152 per unit for its ₹5,000 crore public Infrastructure Investment Trust (InvIT) issue, which will open for subscription on July 22. The public issue will close on July 24, while the anchor investor bidding date has been fixed for July 21, according to a public announcement. The issue is a 100 per cent book-built Offer for Sale (OFS) of units aggregating ₹5,000 crore by existing unitholders as the trust transitions from a privately listed InvIT to a publicly listed InvIT. Ahead of the issue, the trust secured ₹1,250 crore from strategic investors through unit subscription agreements executed on July 13. The strategic investor portion is included in the overall issue size. Under the agreements, strategic investors will subscribe to 8.22 crore units at the allocation price of ₹152 per unit, aggregating ₹1,250 crore, subject to the ter...

स्टॉक मार्केट: अगर ट्रंप अप्रैल फूल नहीं बनाते हैं तो रिकवरी की उम्मीद!" Posted by Shivam kumar  मुंबई: गिफ्ट निफ्टी से मिले पॉजिटिव संकेतों और कच्चे तेल की कीमतों में गिरावट से भारतीय स्टॉक मार्केट में रिकवरी की उम्मीद है। ट्रंप के एक बार फिर युद्ध खत्म होने का संकेत देने से US-ईरान तनाव कम होने की संभावना है, जबकि US बॉन्ड यील्ड में गिरावट इस संभावना को और सपोर्ट कर रही है।  अगर ट्रंप अप्रैल फूल नहीं बनाते हैं, तो बुधवार को मार्केट रिकवरी के साथ शुरू होगा। हालांकि, इस उम्मीद के बावजूद, विदेशी निवेशकों के निकलने और रुपये की कमजोरी को देखते हुए मार्केट के सतर्क रहने की संभावना है। महावीर जयंती के कारण मंगलवार को भारतीय स्टॉक मार्केट बंद थे। हालांकि, 1 अप्रैल को मार्केट खुलने पर कुछ राहत की उम्मीद है। एक रिपोर्ट के मुताबिक, ट्रंप ने होर्मुज स्ट्रेट खोलने की अपनी जिद छोड़कर युद्ध खत्म करने की अपनी तैयारी का ऐलान कर दिया है। रिपोर्ट के बाद ओपनिंग सेशन में 240 पॉइंट्स उछलने वाला GIFT Nifty मंगलवार सुबह 11:10 बजे 87 पॉइंट्स बढ़कर 22,522 पर ट्रेड कर रहा था। स्टॉक मार्केट को सही दिशा...

Sensex crashed over 1,000 points Posted by Niilesh waghela  Mumbai: The Sensex crashed over 1,000 points, wiping out ₹9 lakh crore ($108 billion) of investor wealth.  The Nifty 50 index also fell below 25,250, reflecting the fragility of market sentiment amid mixed corporate earnings, persistent foreign fund outflows, and global trade uncertainty. Indian equities ended sharply lower on Tuesday, as a late-morning selloff dragged benchmark indices to their lowest levels in three months.  At the end of the session, the BSE Sensex declined 1,065.7 points or 1.28% to close at 82,180.47, while the NSE Nifty 50 slipped lower by 353 points or 1.38%, settling at 25,232.50. Here are the key factors behind the market decline: IT Stocks Drag Benchmarks Lower: Information technology shares led the selloff, with the Nifty IT index sliding 2% as all constituents traded in the red. Subdued Global Sentiment: Renewed trade tensions and uncertainty surrounding US trade policy rattled risk a...

Kalana Ispat Limited IPO Opens Today Total Issue Size – Up To 49,38,000 Equity Shares of ₹ 10 each Issue Size – ₹ 32.59 Crores  IPO Price – ₹ 66 Per Share Lot Size – 2,000 Equity Shares Posted by Nilesh waghela  Mumbai: Kalana Ispat Limited specializes in manufacturing steel billets of superior quality, proposes to open its Initial Public Offering on September 19, 2024, aiming to raise ₹ 32.59 Crores, with shares to be listed on the NSE Emerge platform. The issue size is Up To 49,38,000 equity shares at a face value of ₹ 10 each. Equity Share Allocation Non-Institutional Investors (NII) – 23,44,000 Equity Shares Retail Individual Investors (RII) – 23,46,000 Equity Shares Market Maker – Up to 2,48,000 Equity Shares The net proceeds from the Issue are set to be utilized for Capital Expenditure 0n the Installation of Solar Power Plant, setting up of rolling mill at Ahmedabad and General Corporate Purposes. The issue will close on September 23, 2024.  The Lead Manager to the ...

STOCK MARKET: BUDGET Day COMES WITH SELL SIGN? LET'S CHECK IT... POSTED BY NILESH WAGHELA  MUMBAI: The Indian benchmark indices ended lower for the second consecutive session on July 22 amid selling in heavyweights as traders were cautious a day ahead of Union Budget announcements. At close, the Sensex was down 79.43 points or 0.10 percent at 80,525.22, and the Nifty was down 21.60 points or 0.09 percent at 24,509.30. Now let's see what technical expert predict for budget day.  Expert says, Considering the Union Budget outcome, wild swings can be expected on both sides where 24,200 will be considered as immediate support while the higher side seems to be capped at 24,800. The Union Budget presentation on July 23 will likely create enough intra day volatility. Nifty could face resistance at 24661 and later at 24801 in the near term while 24141 could provide support on falls. Nifty indicators show a sell signal, and high level of volatility may be observed on budget day, expert ...

Stock market acheived mileston fortnight ahead of election results Posted by NILESH WAGHELA Mumbai: India stock market hits $5 trillion milestone fortnight ahead of Lok Sabha election results. D-Street joined the exclusive $5 trillion club for the first time ever, braving FII pullout.  Investors were found to pile up on stocks in the broader market. In less than 6 months, the jump from Rs 4 trillion to Rs 5 trillion was achieved — a pace never before seen.  On the global map, India is the fifth largest stock market behind only Hong Kong, Japan, China and the mother market of the US. By creating an unprecedented wealth of $1 trillion in just 6 months, the Indian stock market on Tuesday joined the exclusive $5 trillion club for the first time ever and defied the FII pullout before the outcome of the Lok Sabha election on June 4. The combined market capitalisation of all listed stocks on BSE on Tuesday rose up to Rs 414.75 lakh crore ($5 trillion) during the day as investors kept...