Page 9 - Markets

Market today: Wall Street hits record as Trump wins, US Fed decision eyed

After cheering Trump's victory, focus will now shift to US Fed's policy decision. Meanwhile, September quarter results and macroeconomic data will also be eyed

Investors subscribe Sagility India IPO 52% times offer size on day 2

The initial public offer of Sagility India Ltd, a technology-enabled services provider in the healthcare space, received a 52 per cent subscription on day two of bidding on Wednesday. The initial share sale received bids for 20,09,58,500 shares against 38,70,64,594 shares on offer, as per NSE data. The portion for retail individual investors (RIIs) fetched 2.24 times subscription while the quota for non-institutional investors got subscribed 24 per cent. The qualified institutional buyers (QIBs) part received a 7 per cent subscription. Sagility India Ltd on Monday said it has mobilised over Rs 945 crore from anchor investors. The issue, with a price band of Rs 28-30 per share, will remain open for public subscription until November 7. The Bengaluru-based company's IPO is entirely an offer for sale (OFS) of 70.22 crore shares worth Rs 2,106.60 crore at the upper end of the price band. Promoter Sagility BV is selling its stake through the OFS. The entire proceeds from the public is

Why Trump election lead sparked 902-pt rally in Sensex; Nifty near 24,500

As per CNN, Trump is leading by 266 electoral votes against Kamala Harris with 195 votes

KRN Heat Exchanger surges 20%; stock zooms 103% against issue price

KRN Heat Exchanger share price was locked in the upper circuit of 20% at Rs 537 on the BSE today

This recently listed IT stock zoomed 101% over IPO price; up 48% in 5 days

Orient Technologies hit a new high of Rs 414, as they 14% in Wednesday's intra-day trade, zooming 101% against issue price of Rs 206 per share.

Nifty futures OI at lowest since Nov 2023; what does this indicate?

Derivatives market update: The current low open interest in Nifty implies signs of profit booking rather than fresh short position, believes James Kunnel, Derivatives Analyst at Asit C Mehta.

Interest rate cut cycle to pause if Trump wins US election 2024: ICICI Sec

US election results: The brokerage believes Donald Trump's protectionist policies such as higher tariffs, and policies against immigration, could be a curve ball for global trade

Nifty options paint bearish trend, while Bank Nifty bullish: F&O experts

F&O cues for Nov 06: The Nifty options data reflects a cautious outlook, with call writing significantly outpacing put activity, says Dhupesh Dhameja of SAMCO Securities.

Gold prices may rise if Trump wins US election; check trading strategy here

Gold rate today: Donald Trump coming to power is likely to heighten the Sino-US trade tensions, which would be positive for gold

Will Trump's win in US election 2024 hurt Silver? Check strategy for today

Silver rate today: Silver is likely to do better than gold in the short-term in case Harris wins the presidential race

Equity NFO pipeline remains strong despite equity market weakness

Last month, fund houses introduced 21 new equity schemes, with another five launches already lined up for November

Markets rebound as investors cast wide net for value; Sensex up 694 points

In-demand financial stocks drive the rally

Embassy REIT declines 3% as CEO Aravind Maiya resigns post Sebi's order

Aravind Maiya's departure follows a directive from the Sebi to suspend him in an interim capacity

Gland Pharma soars 13% on better than expected Q2 performance

Despite increased EBITDA loss at Cenexi, the overall consolidated EBITDA margin was better-than-expected at 21.1%, led by better segmental mix and controlled operational cost for the quarter.

Tube Investment down 5% as Q2 profit declines 14%, expenses rise 18%

The engineering division of Tube investment clocked a revenue of Rs 1,323 crore compared to Rs 1,274 crore in the corresponding period in the preceding fiscal

JK Paper slips 7% as Q2 profit falls 58% to Rs 129 crore, expenses up 15%

JK Paper logged consolidated total income in the second quarter stood at Rs 1,714.88 crore as compared to Rs 1,708.81 crore in the year-ago period

Tilaknagar Industries surges 11%, nears record high on strong Q2 results

Tilaknagar Industries share price: Average trading volume on the counter more-than-doubled with a combined nearly 5 million shares changing hands on the NSE and BSE in less than 30 minutes of trading

Best of BS Opinion: Selling pressure, Private access, public good

Here is the best of Business Standard's opinion pieces for today

Mid, smallcap stocks outlook: Worst not over yet, caution analysts

Stock market today: The Nifty MidCap100 index and the Nifty SmallCap100 index have declined 8.8 per cent and 6.9 per cent, respectively, from their respective all-time highs

Market crash: Sensex staring at another 3,000-pt fall, technical charts say

Charts suggests that the Sensex could slide down to 72,000 levels, in the worst-case scenario, wiping out all the gains made thus far in calendar year 2024 (CY24).