News Overview

For the week, the CME Fedwatch remained amazingly static; and the upcoming Fed statement next week could set the tone.

FPIs selling picked up sharply in the week as FPIs sold equities worth $1.25 billion in just the last 2 days of the week.

Nifty closed positive this week despite pressure from banks and IT; as oil, autos and FMCG stole the limelight.

Recommendation: Buy; Target price: Rs 2714

The company allocated 87,49,999 equity shares at a price of Rs 648 per share to these anchor investors.

The IPO, offering shares solely through an offer for sale, has allocated half the issue size to qualified institutional buyers, while the remainder is divided between HNIs and retail investors in a 30:70 ratio.

All sectoral indices closed in the green

The company's revenue also saw strong growth, rising by 23.8%.

The business claimed in a release that JioSpaceFiber will be made available at incredibly low prices across the nation.

Birla continued, "Over the past year, the Vodafone Idea team has worked tirelessly to prepare the core network for 5G." He added that "India has emerged as a champion for the global south."