IPO News: Pine Labs IPO Subscribed 57%
The Pine Labs IPO has been subscribed 57% as of 10:39 a.m. on Tuesday.
Qualified Institutional Buyers (QIBs): 0.64 times or 64%.
Non-Institutional Investors (NIIS): 0.14 times or 14%.
Retail Individual Investors: 0.97 times or 97%.
Employee reserved: 5.35 times.
Stock Market LIVE: Zydus Lifesciences Gets Approval From China's NMPA For Depression Drug
Zydus Lifesciences received approval from China's NMPA for Venlafaxine exetended-release capsules. The capsules is indicated for treatment of depression, anxiety disorders, the company said in the exchange filing.
Stock Market LIVE: Vodafone Idea Share Price Surge Post Second Quarter Result
Vodafone Idea Ltd.'s share price surged over 3% on Tuesday after the company posted its second quarter results.
Stock Market LIVE: Acme Solar Gets Power Project Order From SJVN
Acme Solar Holdings received 450 megawatt–1,800 megawatt power project from SJVN at tariff of Rs 6.75 apiece per unit, the company said in the exchange filing.
Stock Market LIVE: Britannia Share Price Slumps As CEO Varun Berry Resigns Before End Of Term
Share price of Britannia Industries Ltd. saw a steep decline in early trade on Tuesday, after the company shifted hands from chief executive officer, Varun Berry to his incumbent, Natarajan Venkataraman.
Nifty Detractors: Bajaj Finance, Bajaj Finserv Weigh
Markets At Open: Nifty, Sensex Extend Gains At Open
The NSE Nifty 50 and BSE Sensex extended gains at open tracking a rise in Reliance Industries Ltd., and HDFC Bank Ltd. The indices erased all gains shortly after open.
The Nifty 50 and Sensex were trading 0.19% and 0.24% down, respectively as of 9:21 a.m.
Stock Market LIVE: Adani Group Announces Strategic Entry Into Battery Energy Storage Sector
The BESS project would have a power capacity of 1126 MW and energy capacity 3530 MWh
It will be the largest BESS installation in India and one of the world’s largest single-location BESS deployments
The project is in the advance stages of deployment at Khavda, the worlds’ largest renewable energy plant
Scaling Ambitions: 15 GWh by FY27 and 50 GWh in Five Years
LIVE: Rupee Opens Flat Against US Dollar
Rupee opened flat at 88.70 against US Dollar
Source: Bloomberg
Gold Price Near Rs 1,24,600 Levels
Gold prices in India stood at Rs 1,24,590 on Tuesday as the longest government shutdown in US history nears end.
The metal held gains after recording its biggest daily jump since May, trading around $4,140 an ounce. Gold remains on course for its strongest annual gain since 1979, having reached a series of record highs before retreating last month. US rate cuts have underpinned prices, which have also been buoyed by inflows into bullion-backed exchange-traded funds and sustained central bank buying.
Pre-Market Experts' View: Buying On Dips Likely To Take Place
"The Nifty is trading within a broad rising channel, holding firm above its key support zone at 25,500–25,550. A sustained breakout above 25,700–25,820 could trigger fresh momentum toward 26,000, while a slip below 25,500 may prompt a retest of 25,300–25,150. Overall, as long as the index holds above the lower channel base, the broader market structure remains constructive, with dips likely to attract renewed buying interest."Ponmudi R, CEO, Enrich Money
"We expect markets to remain range-bound tracking global cues, while optimism around better than expected corporate earnings and any progress in India–U.S. trade talks could provide upside support."Siddhartha Khemka, Head, Research, Wealth Management, Motilal Oswal Financial Services
‘I’m Going Quiet’: Warren Buffett’s Farewell Letter To Shareholders As CEO
Warren Buffett, in his final letter as Chief Executive Officer of Berkshire Hathaway, on Monday told shareholders that he will be “going quiet” once he steps down at the end of this year.
After nearly six decades at the helm, Buffett will no longer pen the famed annual letter that has accompanied the company’s report since 1965. His successor, Greg Abel, will take over as CEO and continue the tradition of writing to shareholders. However, Buffett said he will still send his personal Thanksgiving message each year to his children and shareholders.
Asia Markets LIVE: South Korea's KOSPI Jumps 2%
Markets in Asia rose on optimism that the end of the US Government shutdown is close and artificial intelligence-led recovey rally. South Korea's KOSPI jumped nearly 2%.
Japan's Nikkei 225 and South Korea's KOSPI were trading 0.39% and 1.84% higher, respectively as of 7:36 a.m.
LIVE: GIFT Nifty Hints At Muted Open; Bajaj Consumer, Gujarat Gas, Vodafone Idea Shares In Focus
The GIFT Nifty was trading 0.04% or 9.50 points down at 25,696.50 as of 6:39 a.m. This hinted a slightly lower-to-muted open for the NSE Nifty 50 index.
Bajaj Consumer Care Ltd., Bajaj Finance Ltd., Gujarat Gas Co. Ltd., Power Mech Projects Ltd. shares are in focus for Tuesday's session.
The Nifty ended in the green, closing above the 25,500 mark, led by gains in Infosys and HCL Tech. Trent and Tata Consumer Products were the biggest drags. The indices settled 0.32% and 0.38% higher, respectively, on Monday.
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