On Wednesday, Mach Conferences and Events made its debut on the BSE SME platform, listing with a 33.3% premium. The shares opened at Rs 300, well above the issue price of Rs 225. Prior to the listing, the stock was trading with a grey market premium (GMP) of about 76%.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction