Polymer-based profiles manufacturer Kaka Industries is looking to raise Rs 21.2 crore through its initial share sale offer that opens for public subscription on July 10. The shares of the company will be listed on BSE SME, a platform for small and medium enterprises, the company said in a statement.
Cyient DLM Ltd, which wrapped up its initial public offering (IPO) on June 30, 2023, with an overall subscription of 67.3 times, will be listing on the National Stock Exchange and Bombay Stock Exchange on July 10, 2023.
The Nifty witnessed profit booking after rallying for seven consecutive days. It closed 165 points lower on Friday. As far as Bank Nifty is concerned, the index has retraced 38.2% of the entire rise and has reached a crucial Fibonacci support level of 44,800, as per Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
In June, markets regulator Sebi banned Subhash Chandra and Punit Goenka from holding the position of a director or key managerial personnel (KMP) in any listed company or its subsidiaries until further orders on alleged siphoning off funds from Zee Entertainment. "Punit Goenka is not the company," said Zee as NCLT adjourned the hearing to July 10.
"Gold prices slightly recovered on Friday, with the gold price at Comex trading up by 0.1% at $1,916 per ounce. Gold August future contract at MCX is trading up by 0.22% at Rs 58,525 per 10 grams. On the technical front, Comex gold has immediate support at $1,893/oz; below that, it may correct to the $1,870 level, and it has resistance at $1,935/oz. MCX Gold August future has support at Rs 57,700 and resistance at Rs 58,650," said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities.
"Crude oil prices traded higher on Friday, with the benchmark NYMEX WTI crude oil trading up by 0.09% at $71.95 per barrel and on track for a second weekly gain. We expect crude oil prices to stay on a bullish trajectory in the short term. On the technical side, NYMEX crude oil is forming a higher top and higher bottom in the hourly time frame, and it has first resistance at $72.60," said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities.
Tibetian spiritual leader, Dalai Lama is all set to visit Ladakh on July 10. The Buddhist spiritual leader, who is expected to stay in the district for a period of 47 days, shall be imparting teachings to the Buddhists and people from other communities.
Oppo will be releasing Reno 10 series, comprising three smartphones: the Reno 10, Reno 10 Pro, and Reno 10 Pro+. It will also introduce the Enco Air3 Pro wireless earbuds to the Indian market. Further, Samsung Galaxy S21 FE 5G with Snapdragon 888 SoC likely to debut in India on July 10.
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IMD predicts enhanced rainfall activity over parts of Konkan, and adjoining ghats of Maharashtra during next 2-3 days.
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 today remained stable.