Saturday, April 26
Swiggy's IPO share allotment concludes today, with a muted grey market premium of Re 1 above the IPO price of Rs 390. The listing on BSE and NSE is scheduled for November 13. The IPO received a healthy subscription rate, driven by strong demand from QIBs. Swiggy plans to utilize the proceeds for investments in its subsidiary, technology, and marketing.
Indian stock markets opened higher on Monday, driven by gains in Tata Motors and Asian Paints, but traded with caution ahead of key corporate earnings reports. Despite the initial surge, technical indicators suggest continued market volatility and consolidation in the near term.
Indian stock markets opened higher on Monday, driven by gains in Tata Motors and Asian Paints, but traded with caution ahead of key corporate earnings reports. Despite the initial surge, technical indicators suggest continued market volatility and consolidation in the near term.
Indian stock markets opened higher on Monday, driven by gains in Tata Motors and Asian Paints, but traded with caution ahead of key corporate earnings reports. Despite the initial surge, technical indicators suggest continued market volatility and consolidation in the near term.
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Thursday. While BSE Sensex declined over 100 points, Nifty50 was near 24,450.
Crypto firms invested heavily in the 2024 US Presidential election, contributing over \$130 million to support pro-crypto candidates. This unprecedented spending spree appears to have paid off, with a record number of crypto advocates elected to Congress. Coinbase's chief legal officer declared, "We now have the most pro-crypto Congress in history.
Stock market today: The BSE Sensex continued its upward trend for the second consecutive day, climbing 901.50 points or 1.13 per cent to reach 80,378.13. During trading hours, it reached a peak of 80,569.73, up by 1,093.1 points or 1.37 per cent.
US stock futures soared in pre-market trading on Wednesday following Donald Trump's claim of victory in the presidential election. The Dow, S&P 500, and Nasdaq all saw significant gains as investors reacted to the news. Gulf region markets also responded positively. Trump-related investments surged, along with US Treasury yields and Bitcoin value.
The Indian government is selling up to 2.5% of its stake in Hindustan Zinc, aiming to raise around ₹5,330 crore. The sale, through an offer for sale (OFS), starts on November 6th for institutional investors and high-net-worth individuals, with retail investors able to participate from November 7th. The floor price is set at ₹505 per share, a 10% discount.
