Synopsis
Asian shares gained despite rising Covid cases and doubts over the ability of vaccine makers to supply the promised doses on time soured risk appetite.
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India 10-year bond yield fell 0.29 per cent to 5.93 after trading in 5.93-5.97 range.
Strong earnings by index heavyweight Reliance Industries and easing of worries over the fire at the world s biggest vaccine maker Serum Institute may help domestic stocks recover on Monday. Here s breaking down the pre-market actions.
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 111 points, or 0.0.77 per cent, higher at 14,468, in signs that Dalal Street was headed for a gap-up start on Monday.
Stove Kraft IPO: Here are 10 key things you must know before the issue opens tomorrow
Stove Kraft IPO comprises fresh issue of Rs 95 crore by the company and offer for sale of 82.50 lakh equity shares by promoters and investors at price band of Rs 384-385/share January 25, 2021 / 04:29 PM IST
Kitchen appliances maker Stove Kraft is set to open its initial public offering for subscription on January 25. It is the fourth company to launch IPO in the current month after Indian Railway Finance Corporation, Indigo Paints and Home First Finance Company.
The issue will close on January 28. Equity shares will be listed on both BSE and the National Stock Exchange. Edelweiss Financial Services and JM Financial are the book running lead managers to the offer.
Abhay Doshi, founder of UnlistedArena.com, who tracks grey market trends, said that the stock was surprisingly trading at a premium of Rs 100 in the grey market on Friday.