Live Breaking News & Updates on டவ்டேல் இந்தியா நிதி
Stay updated with breaking news from டவ்டேல் இந்தியா நிதி. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
February 24, 2021 Foreign fund flows, Covid-19 cases and rising bond yields will anchor the market movement The domestic market is expected to open with a gap up of at least 80 points, as SGX Nifty is currently ruling at 14,842 against Nifty March futures’ close of 14,762.85. However, with only one day left for expiry of F&O monthly contracts, analysts expect the market to remain volatile. While cues from Asia-Pacific markets remain mixed, US markets closed in the green overnight after opening sharply lower. We note that concerns pertaining to increase in bond yields and higher commodity prices dented investors’ sentiments in the last couple of days. However, underlying strength of economy and market remains intact in our view and hence, any meaningful correction in the market should be used to buy, said Binod Modi, Head - Strategy at Reliance Securities. ....
Markets may open positive, but volatility could squeeze traders × Sharp slide in Nasdaq may see Indian IT stocks come under pressure; RIL’s restructuring announcement could help keep index heavyweights firm Indian markets are expected to open on a positive note on Tuesday, as SGX Nifty points to a gap up opening of at least a 100 points. However, volatility is likely to hurt investors’ sentiment, as mixed signals emerge from Asia-Pacific markets and from the US markets overnight. The sharp slide in Nasdaq may keep Indian IT stocks under pressure. However, index heavyweights may help the market stay firm following the restructuring announcement. ....
Explore Now MUMBAI: Gujarat-based agrochemical company, Heranba Industries has raised Rs 187.51 crore by allotting 29.91 lakh shares to 18 anchor investors on Monday, a day prior to its issue opening for public bidding. The shares were issued at Rs 627 apiece, which is the upper end of the price band. Government Pension Fund Global has been allotted a major chunk of 18.67% of the anchor allotment while HDFC Mutual Fund subscribed about 12%. Other anchor investors include Society Générale, Morgan Stanley, Jupiter India Fund, Max Life Insurance, IIFL Special Opportunity Fund, IDFC Mutual Fund, Dovetail India Fund among others. Heranba Industries IPO will open on 23 February for subscription and the company has fixed a price band of Rs 626-627 per share. The issue closes on February 25. ....