Fusion Micro Finance IPO price band fixed at Rs 350-368; issue to open on Nov 2
The company has reserved 50% of shares for qualified institutional buyers, whereas non-institutional investors will get 15% of shares. The remaining 35% of shares have been allocated to the retail bidders.
Big Movers on D-St: What should investors do with Bharti Airtel, NHPC and Container Corp?
We are of the view that as long as the stock is trading above 795, the uptrend wave is likely to continue. Above this, it could move up to 840-860. On the flip side, below 795, positional traders may prefer to exit from the trading long positions.
Wall St loses over $200 billion in value after report from Amazon
Amazon’s weak report sent Nasdaq futures tumbling about 3%, showing traders expect Wall Street to open with a deep decline on Friday. Google-owner Alphabet and Microsoft dropped about 1% each, adding to losses following their own poorly received quarterly reports on Tuesday.
Asian shares slip, yen steady ahead of Bank of Japan meeting
The focus now shifts to the monetary policy decision due on Friday from the Bank of Japan, the holdout “dove” among the world’s major central banks, along with and Governor Haruhiko Kuroda’s post-meeting briefing.
Gold flat; set for weekly gain on hopes of less hawkish Fed stance
The European Central Bank raised interest rates by 75 basis points on Thursday and put the reduction of its bloated balance sheet on the agenda, but said “substantial” progress had already been made in its bid to fight off a historic surge in inflation.
Stocks in the news: Maruti Suzuki, SBI Cards, Indus Towers, Aditya Birla AMC and Tata Chemicals
Maruti Suzuki, Vedanta, Dr Reddy’s Labs, Tata Power, JSW Energy, Bandhan Bank, Sona Comstar, Sumitomo Chemical, Blue Dart, MRPL, Carborundum Universal and Vardhman Textile is among the companies that will announce their results for September 2022 quarter today.
What changed for market while you were sleeping
Surprisingly, foreign portfolio investors (FPIs) were net buyers of domestic shares on Thursday, having bought stocks worth Rs 2818 crore, provisional data showed. DIIs on the other hand, net sold stocks to the tune of Rs 1580 crore.
Muthoot Microfin to raise $25 m from Swiss investor
The first tranche of $15 million was executed on October 15 after receiving regulatory approval while the balance of $10 million is scheduled for execution in November, Muthoot Microfin’s chief executive Sadaf Sayeed said. The effective cost of borrowing comes to 11.3%. The pricing is 500 basis points over the secured overnight financing rate (SOFR),which […]
Liquidity adjustment facility borrowings see sharp rise with tightening liquidity, loan demand
Latest data from the Reserve Bank of India (RBI) showed banks borrowed ₹73,297 crore from the central banks through different LAF windows in a drastic change from the situation just five months ago in May when as much as ₹3.10 lakh crore was kept with the central bank in excess liquidity.
Aditya Birla Sun Life AMC Q2 PAT rises 11% to Rs 191 cr
Aditya Birla Sun Life AMC, co-owned and backed by Aditya Birla Group and Sun Life Financial Inc of Canada, got listed on the stock exchanges in October 2021. Shares of the company closed 1.44 per cent up at Rs 433.50 apiece on BSE.