Shares of Bajaj Finance and Bajaj Finserv declined by 3.3% and 3%, respectively, on the BSE following the multibagger listing of Bajaj Housing Finance. This IPO is the largest of 2024 so far and was subscribed nearly 67 times the number of shares offered. Bajaj Finance shares hit a day’s low of Rs 7,347.10, while Bajaj Finserv shares fell to a low of Rs 1,855.30.
S&P 500 hits record high buoyed by economic hopes: Markets wrap
Wall Street traders are optimistic about the Federal Reserve’s ability to achieve a soft landing, leading to a rally in riskier markets. The S&P 500