First Bell: SBI Funds’ investors in line for 10-15% listing pop
SBI Funds Management’s stock is anticipated to debut at a premium of ten to fifteen percent. The company’s initial public offering was subscribed over forty-one times on its final day. Analysts suggest investors can book profits or hold shares for long-term gains. The IPO price valued SBI Funds Management at over one lakh crore rupees. […]
Rupee hits two-month low despite RBI intervention as crude oil surge weighs
The Indian rupee fell to a two-month low against the dollar on Monday. This decline occurred despite significant interventions by the central bank. Rising crude oil prices are fueling inflation concerns across the economy. The market anticipates continued volatility influenced by oil and dollar strength. The Reserve Bank of India is expected to intervene further […]