Nifty Metal fell as West Asia tensions and crude above $108 raised supply-chain and transport cost concerns.
Manika Plastech IPO is a book build issue of ₹125.50 crores. The issue is a combination of fresh issue of 2.15 crore shares and offer for sale of 76.74 lakh shares.
Oil prices spiked to near $110 a barrel, on track to end the week at over $100 a barrel for the first time since mid-May.
The National Stock Exchange and the BSE will have no trading or settlement in stocks, derivatives, securities lending and borrowing segments on Monday.
Veegaland Developers IPO is a book build issue of ₹210 crores. The issue is entirely a fresh issue of 1.50 crore shares.
Jefferies has initiated coverage with a 'Buy' call for Welspun Living and Raymond Lifestyle.
The issue is a combination of fresh issue of 2.66 crore shares aggregating to ₹675 crores and offer for sale of 78.74 lakh shares aggregating to ₹200 crores.
IPO is a book build issue of ₹1,255 crores. Issue is a combination of fresh issue of 37.15 lakh shares aggregating to ₹150 crores and offer for sale of 2.74 crore shares aggregating to ₹1,105 crore.
n the IT basket, stocks registered declines in the range of 5-9 per cent. Based on the day's low, Coforge emerged as the biggest loser with an 8.7 per cent fall.
Fed expected to hike rate and RBI's recent minutes suggesting a likely start to rate hike cycle, could pave the way for yields to increase, said Elara Securities.
Prasol Chemicals Ltd.'s IPO has a price band of ₹643-676 per share and a total issue size of ₹500 crore, comprising a fresh issue of ₹80 crore and an offer for sale (OFS) of ₹420 crore.
Ray of Belief shares listed at ₹239 on both BSE and NSE. Ahead of the debut, Ray of Belief IPO's GMP was indicating 6 per cent listing gains.
The brokerage firm noted that the company's commentary continues to indicate decent demand; however, macro uncertainty persists.
In the IT basket, stocks registered declines in the range of 2-4 per cent. Infosys emerged as the biggest loser with a 3.8 per cent fall.
Among the IPOs this week, Pranav Construction currently has the highest GMP at 35.48 per cent, making it the strongest performer on the unofficial grey market. The issue opened on September 7.
Anand James, Chief Market Strategist at Geojit Investments says incorporating the CAS market action into the final analysis makes chart reading more interesting and nuanced.
Purple Style shares listed at ₹539 on the BSE, a discount of 6.26 per cent against the offer price of ₹575. Meanwhile, on the National Stock Exchange, it debuted at ₹535, down 6.96 per cent.
Market experts broadly see equities as having the strongest structural case over the next decade.
MOFSL noted that Physicswallah is among India's largest education platforms, built on what the brokerage believes is one of the most capital-efficient business models in Indian EdTech.
Ruto on Thursday ordered the ousting of Tata Chemicals Ltd. and is said to be looking for fresh investors to take over its century-old mining rights for minerals that are processed into soda ash.