IT infrastructure solutions provider Armee Infotech Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 250 crore through an initial public offering (IPO). The Gujarat-based company’s initial share sale is completely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus…
Stock markets will take cues from trading activity of foreign investors and global trends this week with benchmark equity indices likely to face volatility amid the scheduled monthly derivatives expiry, analysts said. Moreover, factors such as the progress of monsoon and Brent crude oil would also dictate investors’ sentiment during the week. “This week, sector-specific…
“Until we see a broader recovery in the US or global economy—potentially spurred by a rate cut cycle towards the end of the year that could bring optimism and business revival—discretionary demand will likely remain weak. This is reflected in Accenture’s numbers, and we expect to see similar trends in the upcoming quarters,” said Anand….
The markets consolidated throughout the past week; the week was a shortened one with Monday, June 17, being a holiday on account of Bakri Eid. The past five sessions saw the markets staying in a capped range throughout the day. Even when the Nifty kept marking incremental highs, the intraday trend remained practically absent. The…
Nvidia Corp.’s run as the world’s biggest company didn’t last long. Shares of the semiconductor giant have tumbled on back-to-back days, dropping more than 7%, after rallying earlier in the week and pushing its valuation to $3.3 trillion, just above Microsoft Corp. and Apple Inc. Traders said there weren’t any fundamental reasons behind the two-day…
NEW DELHI: Sugar shares closed lower in the Friday’s session. Simbhaoli Sugars Ltd.(up 1.98%), DCM Shriram Industries Ltd.(up 1.02%), Rajshree Sugars & Chemicals Ltd.(up 0.61%), Dalmia Bharat Sugar and Industries Ltd.(up 0.46%), Balrampur Chini Mills Ltd.(up 0.38%) and Shree Renuka Sugars Ltd.(up 0.04%) stood among the top gainers. Bannari Amman Sugars Ltd.(down 5.84%), Triveni Engineering…
Hello and welcome to a brand-new episode of ET Market Watch. Your daily dose of stock movements, trends, and much more. I am your host, Neha Vashishth Mahajan, let’s hear the top highlights of the day. Sensex & NiftyNifty and Sensex both closed in the green today in a highly volatile market. The markets were…
Jun 20, 2024, 05:52:49 PM IST 1/6 What is short covering? Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on security from extreme bearishness to bullishness. In Thursday’s trading session, five stocks saw…
Jun 19, 2024, 06:26:57 PM IST Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Wednesday’s trading session, five stocks witnessed a long unwinding. Here’s the list: ANI OI change on June 19: -2.67% Change…
“What percentage of their balance sheet is in stocks? Right, we have achieved breadth in the last seven-eight years, thanks to a lot of work done by the government, the regulator, the mutual fund industry, hats off to all of them,” says Ridham Desai, Equity Strategist, Morgan Stanley.It cannot be peak participation for example on…
