Indo Farm Equipment shares are set to debut on the exchanges with a 36% expected listing premium. The IPO received overwhelming response, with an oversubscription rate of 227.67 times. Analysts recommend profit booking for conservative investors and holding for long-term investors, considering the company’s strong market presence and expansion plans.
US stocks: US market ends down as oil prices, Treasury yields rise
In a turbulent day for Wall Street, the markets faced declines primarily driven by disappointing performances from Alphabet and Amazon, compounded by increasing Treasury yields.