New-age companies lead August’s IPO record for this year, raising Rs 17,000 crore. What’s next?
In August, the primary market maintained strong momentum with 10 IPOs raising nearly Rs 17,000 crore, the highest monthly total this year. This surpassed February’s Rs 7,500 crore and July’s Rs 5,063 crore. Notable new-age companies like Ola Electric, Unicommerce, and Brainbees Solutions debuted, with Ola Electric raising Rs 6,145 crore. Despite mixed demand, the […]
Air traffic, Railways traffic and cargo and port cargo grew in July shows resilience of Indian economy
India’s domestic air passenger traffic grew by 7 per cent year-on-year in July 2024 to 1.30 crore passengers. The period saw disruption due to adverse weather and IT issues. Cargo handling reached 70.1 million metric tonnes, while Indian Railways’ freight traffic hit 129.6 MMT, thanks to dedicated freight corridors.
Technical Breakout Stocks: How to trade Glenmark Pharma, Oil India and MCX on Monday
The Indian market hit a fresh record high on Friday, tracking positive global cues. The S&P BSE Sensex rallied more than 200 points, while the Nifty50 closed above the 25,200 level.The S&P BSE Sensex reached a record high of 82,637, and the Nifty50 hit a high of 25,268.
F&O Talk: IT, pharma technically well placed, may contribute to Nifty’s upmove, says Sudeep Shah of SBI Securities
“In August, Nifty experienced significant volatility, with 12 trading sessions opening either with a major upside or downside gap. Throughout the month, it has fluctuated over a 1,300-point range, underscoring the heightened market volatility. Despite this, the index reached new all-time highs and closed the month above the significant psychological level of 25,200.”