Waaree Energies shares to list on exchanges today. Here’s what GMP indicates
Today, Waaree Energies shares are set to debut on the exchanges. With a grey market premium of Rs 1225, the stock is expected to list at an 81% premium over the issue price. The Rs 4321 crore IPO saw 76 times subscription. Investors are advised to consider long-term holding due to the company’s strong fundamentals […]
Yen slips as Japan’s election result clouds BOJ rate hike prospects
The yen hits a three-month low following Japan’s ruling coalition losing its parliamentary majority, triggering investor concerns over slower interest rate hikes. Meanwhile, the dollar gains strength on rising U.S. yields and economic optimism, leading to its largest monthly rise in over two years.
Oil slides on Mideast respite, yen down as Japan govt loses majority
In Japan, the LDP which has ruled for most of the post-war years and junior coalition partner Komeito won 215 lower-house seats at Sunday’s election, public broadcaster NHK reported. This falls well short of the 233 needed for a majority and the yen was squeezed since investors figured any government that emerges is likely to […]
Samvat 2081: Corporate earnings to be key driver
As we enter Samvat 2081 on November 1, market sentiment is challenged by global uncertainties, including the upcoming US elections, Middle Eastern tensions, and signifi cant foreign outfl ows from Indian equities due to a rebound in Chinese markets.
JSW Energy emerges top bidder for KSK Mahanadi Power
JSW Energy emerged as the top bidder for KSK Mahanadi Power, offering Rs 15,985 crore and surpassing Adani Power’s Rs 15,885 crore bid. The auction saw six companies participate with JSW Energy securing the deal. The resolution requires further approval from lenders.
Biggest potential for CBDC will be cross-border money transfer
He has also outlined the possible risks – CDBC can create a situation of faster transmission of shocks across countries, can be used for currency substitution and can create capital flow volatility because of faster flow of money across countries; and has stressed on the need for finding technological and systematic solutions for these risks. […]
FMCG Q2 review: Costs, Qcomm surge, climate hit in focus
While the topline performance of companies such as Dabur, HUL and ITC was impacted by the moderation of consumer demand – especially in urban India, it was not so in case of others like Varun Beverages, Godrej Consumer Products (India business), Colgate Palmolive (India), Pidilite and Zomato.
‘Sell on rise’ mood may weaken Nifty further: Analysts
Conversely, if Nifty crosses and sustains above 24,350, it could gain buying momentum, pushing the index towards the 24,500- 24,750 levels. The weekly RSI is moving downward and is positioned below its reference line, indicating a negative bias.