Showing: 9 RESULTS
夜上海论坛

Strong Rupee, weak crude oil may put pressure on gold prices; MCX support at 49800, ECB monetary policy eyed

By Jigar Trivedi Comex gold held just below $1,700 an ounce on Friday and finished fifth straight month on a lower side, pressured by strong US economic data that reinforces the Fed’s aggressive stance against inflation, having committed itself to keeping interest rates higher for longer. Manufacturing activity in the US grew steadily in August despite weakness in other major economies. Latest US employment data also remained solid. Elsewhere, eurozone inflation rate hit a new record high of 9.1% in August on high energy prices, bolstering speculations for a supersized 75 basis point rate hike from the European Central Bank …

夜上海论坛

‘Dollar-denominated bonds attracting higher investments’

By Ashley Coutinho Wealthy investors are bullish on the India growth story and believe there is room to increase allocation to equities, says Ashish Kehair, managing director and CEO, Edelweiss Wealth Management. In an interview with Ashley Coutinho, he says mid- and small-caps will do better in the coming quarters since they have higher exposure to the domestic growth story than large-caps. Excerpts. Wealthy investors are bullish on the India growth story and believe there is room to increase allocation to equities. The demand scenario in India is quite resilient. In the June quarter, revenue growth was encouraging, especially when …

上海后花园论坛

Affle India approves issuance of 69 lakh equity shares at Rs 1,085.54 apiece to Singapore govt

Affle India on Thursday said its board has approved the issuance of preferential shares to Gamnat Pte. Ltd, a step-down subsidiary of the Minister for Finance, Government of Singapore. “The company will issue 69 lakh equity shares amounting to nearly 5 per cent stake on a preferential basis at Rs 1,085.54 apiece to the Singapore-based entity. The floor price of the share issuance sits at a near 6 per cent premium to the stock’s closing price on October 25,’ the company said in a regulatory filing. The total deal value from the preferential share issue is around Rs 749.02 crore. …

上海后花园论坛

Mamaearth sets excitement abuzz as IPO opens on October 31 with price band of Rs 308-324

Honasa Consumer, the parent company of Mamaearth, is scheduled to open its IPO for public issue on Tuesday, October 31, 2023 and it will close on Thursday, November 2, 2023. The price band for its public issue at Rs 308-324 per equity share of face value Rs 10 each. The IPO comprises a fresh issue of shares aggregating up to Rs 365 crore and an offer-for-sale (OFS), with promoters offloading 41,248,162 shares. The lot size of the Honasa IPO is of 46 shares with subsequent bids in multiple lots of 46 equity shares each. The minimum amount of investment required …

夜上海论坛

Nifty, Bank Nifty outlook: Buy on dips in Nifty quality cos, Bank Nifty to trade in range; buy Reliance, SBI

By Dharmesh Shah The Nifty started the expiry week with a negative gap (17756-17682) and witnessed a range bound activity. The weekly price action resulted in a bear candle carrying lower high-low for the first time since June 2022, indicating profit booking after a 13% rally seen over the past five weeks that led prices to an overbought trajectory. In the process, Nifty midcap and small caps remained in limelight as they relatively outperformed the benchmark. In the holiday truncated week, we expect healthy retracement towards 17200 levels which should not be construed as a negative rather capitalize dip as …

阿拉爱上海

Buy Tech Mahindra, SBI, DLF, others to pocket gains; stock markets may trade range-bound in near-term

By Shrikant Chouhan A stellar rally was witnessed in benchmark indices on Tuesday, with the NSE Nifty 50 ending 446 points up, while BSE Sensex saw a rise of 1,564 points. Technically, after opening the gap, the index successfully cleared the 17525 resistance level and after a breakout, it accelerated the positive momentum. On the daily chart, it has formed a long bullish candlestick structure, which is largely positive. Moreover, the index again successfully crossed the barrier of the 20-day SMA (Simple Moving Average) level and managed to close above the same. The indices rose over 600/2200 points in the …

夜上海论坛

Rupee may depreciate on strong dollar, elevated crude prices; USDINR pair likely to trade with positive bias

The Indian rupee is likely to depreciate amid strong dollar, elevated crude prices, uncertainty in equity markets and volatile FII inflows. USDINR is expected to trade within a range of 79.50 and 80.10 on spot in the coming sessions. In the previous session, rupee weakened slightly as the US dollar soared to a new two-decade high on escalating European energy crisis. RBI aims to anchor expectations around the depreciating rupee and will intervene to prevent an overshoot, ensuring the exchange rate reflects fundamentals, said governor Shaktikanta Das on Monday. The local currency has so far depreciated more than 7% against …

上海后花园论坛

DreamFolks IPO share allotment: Check status via BSE, Link Intime, grey market premium; stock listing on Sep 6

DreamFolks Services’ Rs 562 crore IPO, which got subscribed 56.68 times, is likely to finalise the basis of allotment on Thursday, 1 September. This was the second company in over two months to hit the market with an IPO, after Syrma SGS Technology got listed last week. The IPO was sold in the range of Rs 308-326 per equity share, and it received a strong response from all the categories of investors. The portion reserved for qualified institutional buyers (QIBs) was subscribed 70.53 times, while the quota reserved for non-institutional investors (NIIs) and retailers were subscribed 37.66 times and 43.66 …

阿拉爱上海

Petrol, Diesel Price Today, 30 Aug 2022: Fuel cost steady; Check rates in Delhi, Mumbai, Noida, other cities

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel has been kept steady on Tuesday, 30 August 2022, keeping costs steady for more than three months now. The last country-wide change in price came on 21 May 2022, when Union Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by Rs 8 per litre, and Rs 6 per litre on diesel. Petrol price in Delhi today stands at Rs 96.72 a litre as against Rs 105.41 a litre prior to the cut in excise duty, while diesel will cost …

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