Produced by: Bhoomika Designed by: Mohsin Shaikh
The SME initial public offering (IPO) of Akanksha Power and Infrastructure will open for subscription on Wednesday (December 27), and it will remain open for subscription until Friday (December 29). The company aims to raise Rs 27.49 crore. The issue is entirely a fresh issue of 49.98 lakh shares. Happy Forgings, Credo Brands Marketing and RBZ Jewellers will also make their stock market debut. The three companies cumulatively raised about Rs 1,660 crore via their primary stake sales
Vedanta declared an interim dividend of Rs 11. Shares will trade ex-dividend today.
The market has traded Positive with the Sensex gaining 0.32 percent and closed at 71,336.80 and Nifty was up by 0.43 percent intraday and closed at 21,441.35 levels, as per Deven Mehata, Equity Research Analyst, Choice Broking.
Nifty experienced a flat opening but gained momentum throughout Tuesday, closing at 21441.35. In Nifty stocks, DIVIS LABS, HEROMOTO and ADANI ENTERPRISES were the top gainers while BAJAJ FINANCE, BAJAJ FINSERV and INFY were the prime laggards, as per Deven Mehata, Equity Research Analyst, Choice Broking.
Bank Nifty also traded positively, concluding the session at 47,724.85, as per Deven Mehata, Equity Research Analyst, Choice Broking.
Public sector OMCs including BPCL, IOCL and HPCL revise their petrol price and diesel price daily in line with international benchmark prices and forex rates. Petrol and diesel prices remained stable today in major cities.
Silver price rebounded in recent sessions post announcement of Federal Reserve rate cut projections, as per Sumeet Bagadia of Choice Equity Broking.
Prime Minister Narendra Modi will chair third national conference of chief secretaries from December 27-29. Several officials, including young district collectors and magistrates, from states and Union Territories as well as several Union ministries are likely to attend the conference.
Rohit Sharma-led Team India will be playing against Temba Bavuma-led South Africa on the second day of the on-going Test series.