GAGA Share Market News

[hfe_template id='11223'] [ad_1] Allied Blenders and Distillers received a robust response from investors for its IPO with an overall subscription of 24 times at close. The company will likely finalise the share allotment today. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website. Firstly, here's how you can know the status on BSE Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx) Step 2: Please select the issue name, that is the company's name in the drop down. Step 3: Enter the application number or PAN number to check the allotment status. To check the status of Allied Blenders and Distillers IPO allotment through the registrar, which is Bigshare Services in this case, kindly follow the below steps. Step 1: Visit the Link Intime India website (https://linkintime.co.in/initial_offer/public-issues.html) Step 2: Select Allied Blenders and Distillers IPO Step 3: Enter th...

[hfe_template id='11223'] [ad_1] The SME IPO of Nephro Care opened for subscription earlier today and will close on July 2. The company aims to raise about Rs 41.26 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. 1) About Nephro Care Nephro Care is a one stop treatment centre based in Kolkata that offers a wide range of clinical and lifestyle solutions and services and renal insufficiency treatment to patients. The treatment framework covers the entire range of lifestyle, physiological and spiritual aspects of wellness. 2) Industry overview CKD is a severe public health issue in India. As per government estimates, nearly 2,20,000 patients develop end-stage renal disease (ESRD) annually in India, leading to an additional annual dialysis demand of 34 million treatment sessions. Unfortunately, in India, renal insufficiency treatment focuses more on curati...

[hfe_template id='11223'] [ad_1] The global economy has been plagued by multiple crises in the last four years. The Covid-19 pandemic, the Russian attack on Ukraine, the synchronized monetary tightening by the central banks of the world and the Israel-Gaza conflict — all happening within a short span of four years has turned out to be a time of severe stress for the global economy. But the global economy has been surprisingly resilient. It has smartly rebounded from the massive contraction of 2020 and inflation has been largely tamed. Even though the wars in Ukraine and Gaza continue, that is not impacting global economic growth and fears of a food and energy crisis have almost disappeared. Global growth stabilises The near consensus among economists was that the US would tip into recession sometime in 2023, pulling global growth down. It was feared that the Euro Zone also may tip into recession.Recession in the US and Euro Zone was expected to impact global growth. But ...

[hfe_template id='11223'] [ad_1] Asian stocks were on track for a fifth straight month of gains on Friday, bolstered by a growing view that cooling U.S. inflation could prompt the Federal Reserve to ease rates this year, while the yen tumbled to a 38-year low against the dollar. Friday is packed with risk events for markets after a relatively subdued week, with figures for May's U.S. core personal consumption expenditures (PCE) price index - the Fed's preferred measure of inflation - taking centre stage later in the day. Asian markets were little fazed by the first U.S. presidential debate between Democratic President Joe Biden and his Republican rival Donald Trump ahead of the November election, though U.S. stock futures and the dollar rose as investors narrowed the odds on a Trump win. "There's a big debate on whether that would be good news or bad news for equity markets, but I can tell you that for bond markets, the consensus is clear. If Trump were...

[hfe_template id='11223'] [ad_1] Shares of India Cements have rallied 33% in this week so far attaining a new all-time high of Rs 308.10 in Friday’s session after a 24% stake of the company was bought by UltraTech Cement. Ace investor Radhakishan Damani and related entities had sold around 6.91 crore shares or about 24% stake in India Cements to Ultratech Cement through a block deal on Thursday. The total stake sold by Damani and his entities comes to around 24% and the sale was done at an average price of Rs 277 apiece. Through the deal, Damani and his controlled entities bagged around Rs 1,914 crore. UltraTech's stake in Chennai-based India Cements pits it against Adani group's Ambuja and ACC cement companies for gaining ground in terms of market share. Also read: Initiating Coverage: Brokerage sees 10-26% upside in Coforge, Man Industries & Bandhan BankAnalysts said both Adani and UltraTech have been trying to gain market share and hence consolidation in ...

[hfe_template id='11223'] [ad_1] Markets regulator Sebi has allowed up to 100 per cent aggregate contribution by non-resident Indians, Overseas Citizens of India, Resident Indians in the corpus of FPIs that are based out of International Financial Services Centre (IFSC). The move is expected to enhance investment by Foreign Portfolio Investors (FPIs) in India. In a circular issued on Thursday, Sebi said it has amended FPI rules to "provide flexibility of having up to 100 per cent aggregate contribution by non-resident Indians (NRIs), Overseas Citizens of India (OCIs) and Resident Indians (RI) Individuals in the corpus of FPIs based in IFSCs in India and regulated by International Financial Services Centres Authority (IFSCA)". Over the years, there has been a consistent demand to channel more NRI and OCI investments into the Indian securities markets by enabling greater participation of NRIs and OCIs in FPI corpuses. In the July 2019 budget speech, Finance Mini...

[hfe_template id='11223'] [ad_1] Mumbai: India's equity indices closed at fresh highs on Thursday, with Nifty and Sensex crossing the 24,000 and 79,000 milestones, respectively, for the first time, maintaining their bullish momentum since the election results earlier this month, amid high expectations from the budget after President Droupadi Murmu's speech in Parliament Thursday. Analysts said the sustained run-up in indices of late is part of the pre-budget rally, aided by renewed flows from foreign investors in June. The optimism, however, did not rub off on the broader market where there were more losers than gainers. The Nifty advanced 0.74%, or 175.70 points, to close at 24,044.5, after hitting a lifetime high of 24,087.45. Agencies The Sensex recorded a high of 79,396.03 before closing at 79,243.18, up 0.72%, or 568.93 points, over the previous day. Both indices have gained 9.9% since the election results on June 4 in a near-uninterrupted rally.“The markets...