Auto Sector

After a subdued previous week, the start-up funding scenario more than doubled in the latest week to September 29,2023.

As the name suggests, the UTI Innovation fund would be a thematic fund with a flexi-cap stock selection preference.

Brent futures for December delivery were down 34 cents, or 0.4%, at $90.37 per barrel.

The IPO will consist of a fresh issue component valued at Rs 325 crore by the company and an offer-for-sale (OFS) of 79 lakh shares by promoter Krishan Lalit Bansal.

The net proceeds from the fresh issue will be utilized to establish eight new showrooms, with the remaining funds allocated for general corporate purposes.

JSW Infrastructure is the fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes

The IPO will consist solely of a fresh issue of shares, with no offer-for-sale component.

Spot gold was down 0.2% at $1,824.10 per ounce, falling for the seventh session in a row to its lowest level since March 9. Futures for U.S. gold decreased 0.4% to $1,840.50.

The dollar index increased by almost 0.5% to 107.06, briefly reaching 107.12, its highest level since November 2022.

This marks the company's second attempt to go public, as it had previously filed draft papers with Sebi in August 2021 for an IPO but postponed the offering due to uncertain market conditions.