NR Vandana Textile is set to debut on the NSE SME platform today after a successful Rs 9.49 crore IPO that was oversubscribed 101 times. The IPO price was fixed at Rs 45 per share, with grey market premiums suggesting a listing price of around Rs 54, potentially offering investors a 20% gain.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.