SEBI issued observations on the draft papers for the LE Travenues Technology IPO on May 14 and for Bansal Wire Industries on May 17.
The project is valued at ₹1,864.71 Crore and is scheduled to be completed within 36 months from the notice of commencement date, as stated in a regulatory filing on May 22.
The Pune-based insurer offered its shares in an initial public offering (IPO) priced between ₹258-272 per share, with a minimum lot size of 55 shares.
Operational revenue was ₹11,978.11 Crore, a 2.5% decrease from ₹12,285.6 Crore in the same period previous year.
Brent crude futures dropped 27 cents, or 0.3%, to $81.63 a barrel. West Texas Intermediate (WTI) futures for the United States were down 0.5%, or 35 cents, to $77.14.
WPI inflation for April 2024 showed a strong bounce with prices bouncing across food, fuel, and manufacturing baskets
Spot gold remained steady at $2,377.48 an ounce. On Monday, gold reached a record high of 2,449.89. At $2,378.20, gold futures were down 0.6%.
Asian markets mixed after US Fed minutes indicated inflation concerns and limited interest rate cut expectations.
Here are some of the stocks that may see movement today: Nykaa, Jubilant Foodworks, Ramco Cements, Grasim Industries, Gland Pharma, Power Grid, etc.
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