Market News

The initial public offering (IPO) of Niva Bupa Health Insurance Limited offers a new issue and OFS (offer-for-sale) component through a book-building process, which opened for subscription on Thursday, November 7. The public offer was subscribed 65 percent on the first day as investors bid for shares of Rs 11.19 crore, compared to the available…

M Damodaran, chairman of Excellence Enablers and former chairman of SEBI, has called for a review of the selection and appointment process for individuals in regulatory positions. According to him, nothing in the law prevents someone from the private sector from heading an oversight organization, and there have been several cases in the past where…

The rally turned out to be short-lived. A day after Indian stock markets jumped more than 1% following Donald Trump’s victory in the US elections ₹With 7.75 trillion in investor assets, benchmark indices were back on their downward slide, with the rupee also falling to a new low. Sustained selling by foreign institutional investors (FIIs)…

Asia Tea Alliance, a coalition of tea producers from Asia’s largest tea-producing countries, plans to explore the possibilities of creating a tea consumption market in Africa to increase global consumption of the brew under a general oversupply scenario. “What we see is that, instead of focusing on the saturated markets of Europe and the US,…

U.S. stock indexes were mixed on Thursday after rushing to record highs in the previous session on former President Donald Trump’s victory. Market participants awaited the Federal Reserve’s interest rate decision later in the day. At the opening bell, the Dow Jones Industrial Average fell 11.0 points, or 0.03%, to 43718.92. The S&P 500 rose…

Target: ₹1,638 CMP: €1,310.65 In Q2 FY25, Amara Raja Energy & Mobility’s 4W OEM segment and telecom segment witnessed a decline in volumes, impacting the revenue growth trajectory, while most segments showed healthy volume growth. Further, higher trade mix and additional provisions related to fuel levies for previous years (₹15 crore) impacted EBITDA margin in…

Dividend stock: IT stock Dev Information Technology Ltd has set the date of its board meeting to announce its second quarter 2025 results and also consider an interim dividend. Dev Information Technology Ltd has stated in its press release on the stock exchanges that the board meetings will take place on November 12, 2024. Details…

Choice Equity Broking has issued a ‘Subscribe for the Long Term’ rating for Swiggy’s IPO, balancing the company’s strong market presence against ongoing profitability challenges. The food delivery platform’s public offering aims to raise ₹11,327 crore at a price range of ₹440-₹463 per share. Also: Follow Swiggy IPO subscription status live The brokerage highlighted Swiggy’s…

IRCTC Stock Price Today on 07-11-2024: Today at 07 Nov 11:02 am IRCTC shares are trading at ₹848.4, -1.02% lower than the previous closing price. Sensex is trading at ₹79646.61, a decrease of -0.91%. The stock has reached a high of ₹856.9 and a low of ₹845.05 during the day. On a technical level, the…

Benchmark indices closed more than a percent higher on Wednesday, amid relief following the US presidential election results. Despite global trade volatility, Donald Trump’s victory could lead to strong risk-on sentiment, driven by expectations of tax cuts and higher government spending, as well as a reversal in FPI flows, experts said. Also read: Markets can…