News Overview

In conversation with Sheetal Agarwal of IIFL, management of the company streamline the company's strengths and future plans.

During the subscription period from December 15th to 18th, 2023, the Rs 1,200 crore public issue was oversubscribed 93.40 times.

The price band for the offer has been fixed at Rs 52-55 per share.

IPO set at a price band of Rs 340-360 per share, consists solely of a fresh issue portion with no offer-for-sale component.

With the Nifty already at 21,400; the question is whether it can now make a big dash for the 22,000 mark.

As US bond yields tapered, the Indian rupee added heft and the Indian bond yields also fell sharply lower in the week.

The Fed statement for December was a watershed moment as it marked the Fed moving finally out of its hawkish stance.

For the third week in a row, the Nifty and Sensex rallied sharply, and this week it was all about the rally in IT stocks.

FPIs infused an impressive $1.95 billion in the recent week to December 15, 2023; to top up $4.21 billion in last 2 weeks.

A month after touching record highs, trade deficit has mellowed in November 2023, largely on weak imports.