GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of state-run Cochin Shipyard are likely to remain in focus on Wednesday as the government will sell up to 5% stake sale in the company via an offer for sale (OFS). The floor price is set at Rs 1,540 per share and the two-day issue opens today. The base issue comprises the sale of a 2.5% equity stake representing 65,77,020 shares with a green shoe option of another 2.5%. The OFS will open for non-retail investors today and for retail investors and employees of the company on Thursday. The floor price of Cochin Shipyard shares are at a discount of 8% over Tuesday's closing price of Rs 1,673. The stock on Tuesday ended with gains of Rs 48.60 or 3% on the NSE over Monday's closing price. The offer will take place during trading hours through a separate window on Thursday. Shares of Cochin Shipyard have fallen nearly 80% from their 52 week peak of Rs 2,979.45, they had hit in July this year.Notwithstanding the recent decline, th...

[hfe_template id='11223'] [ad_1] The Nifty Index experienced negative returns twice and remained nearly flat on one occasion following the last three Federal Reserve rate cut cycles. This suggests a contrarian trend in the index compared to the conventional theory that predicts a boost in equity valuations from lower interest rates. Following the 2001 rate cuts, the Nifty fell by 35% over a one-year period. In the 2007-08 cycle, it initially gained 30% but later plunged by 60%. After the 2019 rate cuts, Nifty returns were flat, ranging between 0% and 5%, according to a note by Nuvama Institutional Equities. "Fed rate cuts are generally in response to a growth slowdown and in most cases, the US economy ends up in a recession. It thus significantly lags the earnings cycle. Equity valuations respond not just to rates, but also to earnings outlook. And generally, rate cuts follow a period of strong growth and, consequently, elevated valuations (even at high/rising rates...