Veegaland Developers is coming out with a Rs 210-crore book-built IPO, comprising an entirely fresh issue of 1.50 crore shares. There is no offer-for-sale component, meaning the proceeds will go to the company.
Three Nifty500 stocks appeared on the White Marubozu bullish scanner on September 9, according to StockEdge technical scan data. The candlestick pattern indicates strong buying pressure, with prices moving from near the session low towards the high.
Four Nifty500 stocks that gained over 3% on September 9 were highlighted in the RSI Trending Up scan, based on data from StockEdge. Aegis Logistics, Adani Enterprises, Max Healthcare Institute and JSW Infrastructure recorded a rise in RSI, indicating strengthening momentum in their stock prices.
But simply buying familiar names such as NVIDIA, Apple or Tesla does not automatically create a diversified international portfolio, warns Dhiraj Relli, MD & CEO of HDFC Securities.
BSE CEO Sundararaman Ramamurthy says most market participants are yet to embrace the new closing auction system, with only a handful of institutions participating a month after its launch. The muted uptake suggests the mechanism is still grappling with initial teething issues.
The National Stock Exchange has updated its draft prospectus with Sebi, slashing its initial public offering size to about twenty-two thousand five hundred crore rupees. Existing shareholders will see their offer for sale drop to five point two five percent of the paid-up capital. Anticipating a launch in the third week of September, this adjustment may enable Hyundai Motor India to maintain its record for the largest IPO in India.
Equity-index futures for Japan, South Korea and Australia pointed lower after the S&P 500 Index fell 0.5%, led by industrial and consumer-discretionary shares. The Nasdaq 100 Index dropped 0.3% as Nvidia Corp., Amazon.com Inc. and Alphabet Inc. declined. Contracts for US stocks were little changed in early Asian trading.
In a provocative statement, Treasury Secretary Scott Bessent has urged traders to reassess their approach to the Japanese yen, indicating that he has keen foresight regarding future directives from Japanese policymakers. His recent actions marked the first yen acquisitions by U.S. authorities in three decades, along with unexpected plans to amplify U.S. Treasury buybacks, showcasing a deep commitment to Japanese economic affairs.
Karamtara Engineering plans a ₹875 crore IPO to repay debt and fund expansion. The company has shown healthy financial growth over recent years. However, it faces risks from renewable energy sector regulations and metal prices. Its integrated manufacturing capacity positions it well in the solar sector. The IPO appears suitable for investors with higher risk tolerance.
US stocks fell on Wednesday as Brent crude climbed above $100 a barrel, raising fresh inflation concerns and weighing on investor sentiment. The S&P 500, Nasdaq and Dow declined as Treasury yields rose ahead of key US inflation data. Markets are also weighing the possibility of a Federal Reserve rate hike next week.
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