Indian equity markets remained under pressure on Tuesday, 8 September, as rising crude oil prices and escalating tensions in the Middle East reduced investors’ appetite for risk.
Indian equity markets remained under pressure on Tuesday, 8 September, as rising crude oil prices and escalating tensions in the Middle East reduced investors’ appetite for risk.
Prasol Chemicals opened its IPO for subscription on 8 September, offering investors an opportunity to participate in a company operating in the specialty chemicals sector.
NSE is reportedly targeting a Rs.5.26 lakh crore valuation for its IPO, with shares discussed at Rs.1,700-1,900 and an expected issue size of around Rs.31,500 crore, potentially making it India’s biggest IPO. The issue is expected to be a 100% OFS and may launch in September, while GMP is reportedly around Rs.270-290. Final details remain unconfirmed. Jio’s mega IPO may also come before Diwali. The two mega IPOs could keep Sensex/Nifty range-bound while draining liquidity from cash stocks.
Gold and silver prices remained under pressure on Monday after stronger US employment data increased expectations that the US Federal Reserve could maintain a tighter monetary stance. MCX gold futures declined to around Rs.1.52 lakh per 10 grams, while silver futures also witnessed a sharp fall. Over the last two sessions, gold and silver have […]
Indian equity markets started the new trading week on a weak note, with the Sensex falling over 250 points in early trade and the Nifty slipping below the 23,900 mark. Technology stocks were among the biggest drags, with selling pressure seen in major IT companies.
The Indian stock market enters the new week after a challenging phase, with both the Sensex and Nifty recording their fourth consecutive weekly decline. The Nifty had fallen around 1.15% during the previous week, while the Sensex also registered a decline.
The outlook for gold remains uncertain as global investors prepare for important US inflation data later this week. The upcoming Consumer Price Index report could influence expectations regarding the Federal Reserve’s next interest-rate decision.
Silver continued to witness sharp fluctuations as investors weighed stronger US economic data against geopolitical risks. The metal has faced selling pressure along with gold, although its industrial demand outlook remains an important long-term factor.
Geopolitical tensions in the Middle East continue to remain a major concern for global markets, particularly because of risks surrounding oil transportation through the Strait of Hormuz.
Rail Vikas Nigam (RVNL) has received a significant boost after securing a Rs.903 cr. Letter of Award from SJVN Thermal Private.
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