Together, the three IPOs aim to raise around Rs 98.53 crore. Of these, the Vivekanand Cotspin IPO is a Rs 22.20-crore book-built issue, the FX Multitech IPO is worth Rs 45.24 crore, while the Robokidz Eduventures IPO is a Rs 31.09-crore issue.
The Nifty index has extended its losing streak, testing key support levels. Recent recovery indicates demand, but the broader trend remains under pressure. Experts suggest specific options strategies and stock picks for the week. Several stocks like Sona Com, Auro Pharma, and PhysicsWallah are recommended for buying. Trading strategies focus on potential bounces and retracements in the market.
MSCI’s Asia Pacific equities gauge advanced 0.2% with Japan shut for a public holiday. S&P 500 futures rose 0.3% after the underlying gauge eked out a gain Friday, while contracts on the Nasdaq 100 Index climbed 0.4%.
NaBFID is set to initiate the raising of $500 million via a 10-year overseas bond, while simultaneously negotiating a $1 billion MIGA-backed bond with a longer 15-year maturity. This financial strategy aims to secure essential long-term funding for infrastructure developments.
Jane Street Group has entered the leveraged ETF swap market this year. They provided about $1.2 billion in swaps during the second quarter. This move increases competition in a specialized derivatives market. Clear Street and Marex Group also hold significant market shares. US leveraged ETF assets recently peaked above $200 billion.
In early September, foreign investors shifted to selling after a series of buying phases. Notably, financials, automotive, and oil and gas sectors experienced considerable sell-offs. Conversely, healthcare stocks attracted significant investments, reflecting a cautious market sentiment. Investors pulled back on auto and power stocks amidst rising global concerns, which collectively led to a subdued foreign portfolio investor presence.
Indian companies are actively raising funds through the bond market. This activity occurs despite anticipated interest rate increases and tighter liquidity. Large issuers are securing financing before borrowing costs potentially rise further. Surplus banking system liquidity is driving demand for corporate bond issuances. Companies are expected to raise over one thousand crore rupees this week.
Liqvd Digital India is gearing up for its Rs 39-crore initial public offering, set to open for subscription on September 23. With a price range between Rs 51 and Rs 54 per equity share, this three-day offer will wrap up on September 25, allowing shares to be listed on the BSE SME platform. The funds will be directed towards acquiring a video content production hub.
Indian equities extended their recovery as softer crude prices and global yields improved risk appetite. Analysts have identified five stocks, including ACME Solar, Medanta, Tilaknagar Industries, Uno Minda and PWL, with bullish technical setups.
Foreign investors have resumed selling Indian equities in September, with FPI outflows crossing Rs 23,000 crore through September 19. Higher crude prices, elevated US bond yields, geopolitical risks and currency concerns are weighing on foreign flows, while DIIs cushion the pressure.
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