Macquarie remains 'neutral' on Angel One stock as it believes continued market-share losses, with the need to increase marketing spend, will weigh on growth and profitability.
Elevate Campuses IPO: In the grey market, Elevated Campuses shares are trading at ₹367 apiece. This means that the listing gains could be 1.4 per cent.
Sensex today: Analysts at SBI Securities said that the gradual decline in crude oil prices over the last four trading sessions has provided some respite to Asian equities.
Bogged down by crude oil prices trading above $100, the Nifty 50 index has lost 5 per cent during the six-week selloff, which is also its longest since 2020.
Analysts believe the bullion rose as the US Fed rate hike is largely discounted by the market. Meanwhile, a fall in oil prices for the third straight day softened inflation concerns.
NSE IPO: BSE's improving operating leverage and residual room to expand in cash equities, where NSE still holds ~93 per cent, have justified a scarcity-and-momentum premium for the listed exchange.
SS Retail IPO: Brokerages took note of the company's strong positioning in Tier II & Tier III markets along with its sectoral leadership; however, they flagged the steep valuations.
Paytm shares rallied 7 per cent to a fresh 52-week high of ₹1,856.50 on the BSE. Mobikwik stock rose by 6 per cent to ₹214. However, Pine Labs slumped 6 per cent to ₹182 per share.