News Overview

This expansion is designed to handle the increased cargo volume from the anchor customer, driven by a proposed 5 MTPA steel-making facility at Dolvi, Maharashtra.

The money raised from the fresh issuance will be used to prepay or repay borrowings of ₹163.5 crore, and fund capital expenditure of ₹151.7 crore for the purchase of commercial vehicles,

According to the NSE, derivative contracts for these stocks have crossed the 95% MWPL threshold, leading to their placement in the exchange's ban period.

The dollar rose 0.1% to 143.30 yen, moving away from the one-month low of 141.75 reached on Friday.

Spot gold was unchanged at $2,504.98 per ounce. U.S. gold futures ticked up 0.1% to $2,533.70.

Brent futures rose 78 cents, or 1.1%, to $71.84 a barrel, while US West Texas Intermediate (WTI) crude rose $1.04, or 1.5%, to end at $68.71.

The IPO consists of a fresh issue of 1.47 Crore equity shares and an offer-for-sale (OFS) of 56.90 lakh equity shares by promoter Binod Kumar Agarwal.

The company has allocated a total of 68.75 lakh equity shares at ₹480, the upper end of the price band to anchor investors which aggregates the size to ₹330 crore.

Here are some of the stocks that may see significant price movement today: PNB Housing Finance, GMR Airports Infrastructure, HG Infra, etc.

FIIs turned net buyers on September 9 after buying equities worth ₹1176 crore while DIIs bought equities of ₹1757 crore.