Produced by: Bhoomika Designed by: Mohsin
FMCG firm Mamaearth's parent Honasa Consumer is set to make its debut at Dalal Street on Tuesday, November 7. Mamaearth’s IPO sailed through, led by qualified institutional bidders (QIB) who bought 11.5 times while the retail investors remained cautious. The IPO raised a total Rs 1,701 crore, which included a fresh issue of Rs 365 crore and an offer-for-sale (OFS) of up to 4.12 crore equity shares
The board of Indian Railway Catering and Tourism Corporation (IRCTC) is scheduled to meet on Tuesday, November 7, to announces the company’s financial results for Q2 apart from considering interim dividend for shareholders
"The market has traded positive with the Sensex gaining 0.92 per cent and closed at 64,958.69 and Nifty was up by 0.94 per cent intraday and closed at 19,411.75 levels whereas Bank Nifty was up by 0.7 per cent and settled at 43,619.40. All the sectors except NIFTY PSU BANK and NIFTY CONSUMER DURABLE closed in green with Nifty REALTY, Nifty ENERGY and Nifty METAL ended with 1.2%, 1.34% and 1.36% higher respectively. Among Nifty stocks, Divi's LAB, HeroMoto Corp and Eicher Motors were the top gainers while SBI, HUL and Titan were the prime laggards. INDIA VIX was positive by 2.02 per cent intraday and settled at 11.10. Index has strong support around the 19,300-19,200 zone," said Deven Mehata, Research Analyst, Choice Broking
"Nifty's bullish run over the past three consecutive days stands as a testament to India's economic prospects. This surge is largely attributed to Fitch's optimistic upward revision of mid-term GDP growth forecasts. The overall market reflects this confidence, with most sectoral indices in positive territory, driven by expectations of potential rate cuts by the Federal Reserve in 2024. Notably, Zomato's remarkable 6% gain and its achievement of a market capitalization exceeding Rs 1 lakh crore are standout moments," as per Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd
The initial public offering (IPO) of ASK Automotive will open for subscription on Tuesday, November 7. The company has fixed a price band of Rs 268-282 per share for the Rs 834-crore offer. ASK Automotive IPO lot size is 53 equity shares and in multiples of 53 equity shares thereafter
Pat Cummins-led Australia will be facing Hashmatullah Shahidi-led Afghanistan today at Wankhede Stadium, Mumbai. The toss will take place at 1:30 pm IST and the match will begin at 2 pm IST
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
The election for the 90-member state assembly is scheduled to take place in two phases, with voting on November 7 and November 17