July 22, 2024 New Delhi, India Joe Biden Withdraws from Re-election Bid In a significant and unexpected development, President Joe Biden announced his withdrawal from the 2024 presidential election, endorsing Vice President Kamala Harris as the Democratic Party’s nominee. This decision marks a historic moment, as Harris becomes the first Black woman to top a…
July 22, 2024 New Delhi, India Aelea Commodities IPO Aelea Commodities made an impressive market debut today, listing its shares at ₹165 each on the BSE SME platform. This marks a 74% premium over its issue price of ₹95, reflecting strong investor confidence and interest. IPO Details: Issue Price: ₹91–₹95 per equity share Total Issue…
July 22, 2024 New Delhi, India Sanstar Limited IPO Sanstar Limited’s initial public offering (IPO), which opened on July 19, 2024, has garnered significant attention from investors. With a strong response in the primary market, the IPO’s grey market premium (GMP) has seen a notable increase. Here’s a detailed look at the current status and…
July 22, 2024 New Delhi, India Daily Market Analysis USDINR The rupee remained range-bound as likely intervention from the Reserve Bank of India (RBI) helped limit the pressure. India’s economy is estimated to grow by 7%, an increase from the 6.8% projection by the International Monetary Fund (IMF). Additionally, India’s merchandise exports rose to $35.2…
July 19, 2024 New Delhi, India Microsoft Outage Today a significant outage in Microsoft Corp.’s cloud services caused widespread disruptions affecting airlines, banks, and stock markets globally. The root cause of the issue remains unclear, but it is widely attributed to Microsoft PC operating systems. Impact on Airlines: Several airlines experienced severe service disruptions due…
July 19, 2024 New Delhi, India IPO Today The Aelea Commodities IPO, valued at ₹51 crore, closed with overwhelming demand and is set to finalize its allotment today. The company plans to use the net proceeds for setting up a new manufacturing unit, purchasing machinery, and general corporate purposes. Investors eagerly awaiting the allotment status…
July 19, 2024 New Delhi, India IPO Watch Sanstar Limited’s initial public offering (IPO) has opened today, and it has already garnered significant attention from investors. The IPO will remain open until July 23, 2024. Here, we provide a comprehensive overview of the IPO, including its grey market premium (GMP), subscription status, key details, and…
July 18, 2024 New Delhi, India Stock Market Today Indian shares recovered from initial declines to achieve record highs on Thursday, driven by strength in information technology stocks. The rally was spurred by positive earnings from software services provider LTI Mindtree, which exceeded revenue expectations for the June quarter. Highlights: The BSE Sensex and NSE…
July 18, 2024 New Delhi, India GBP/USD The Pound Sterling (GBP) slipped below the 1.3000 mark against the US Dollar (USD) during Thursday’s London session, influenced by the latest UK labor market data and shifting expectations around Federal Reserve (Fed) rate cuts. Here’s a detailed analysis of the factors impacting the GBP/USD pair. UK Labor…
July 18, 2024 New Delhi, India IPO Watch Kataria Industries’ Initial Public Offering (IPO) has garnered significant interest, being subscribed over 14 times on the second bidding day. The IPO, which opened on Tuesday, July 16, and closes on Friday, July 19, has seen strong demand across all investor categories. IPO Details: Price Band: ₹91…
