Produced by: Bhoomika Aggarwal Designed by: Manoj Kumar
State-owned Indian Renewable Energy Development Agency (IREDA) is expected to debut with around 30 premium over its issue price on November 29. This means the likely listing price may be around Rs 42 against the issue price of Rs 32 per share. Market observers said that IREDA IPO GMP today is Rs 11, which means grey market is expecting IREDA IPO listing price at around Rs 43.
"On November 28, benchmark indices concluded the trading session with gains in a volatile market. In terms of sectoral performance, the power and oil & gas indices exhibited significant strength, each gaining 3 percent. Meanwhile, the metal, auto, and PSU Bank indices recorded a 1 percent increase. Conversely, some selling pressure was observed in the capital goods, FMCG, and pharma sectors," as per Mandar Bhojane Equity Research Analyst Choice Broking.
Despite a minor recovery in the US Dollar index and crude oil prices, which curtailed substantial gains, investors exercised caution in light of the impending state election results and India's Q2 GDP figures, as per Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker.
"Nifty surged above 19,900. The Nifty demonstrated a breakout from a consolidation range with substantial volume, forming a hammer candlestick pattern. This range breakout suggests a bullish momentum in the index, indicating a potential upward movement towards the levels of 20,000 and 20,100 in the coming days. On the flip side, the immediate support level is identified at 19,700," as per Mandar Bhojane Equity Research Analyst Choice Broking.
All the 41 workers were successfully rescued from the tunnel in Uttarakhand. They are under medical observation at AIIMS Rishikesh.
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.
IMD Weather Prediction: Partly cloudy sky with shallow to moderate fog in the morning; no rains expected. The maximum temperature is expected to be 25 degrees and the minimum should be 11 degrees in Delhi and surrounding areas. A fresh Western Disturbance is likely to affect the Western Himalayan region from night of 29th November.