Prime Cable Industries is set to launch its IPO on September 22. The company aims to raise Rs 40 crore through fresh equity and an offer-for-sale. The IPO will close on September 24, with listing on September 29. The company will use the funds for capital expenditure, debt repayment, and working capital. Revenue rose 71%...Read More
TechD Cybersecurity is ready to list on NSE SME. The IPO saw massive oversubscription. The grey market premium suggests a strong debut. The company plans to use IPO funds for expansion. TechD offers cybersecurity services like VAPT and consulting. Adani Group and Zensar Technologies are among its clients. The firm aims to be a global...Read More
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.Read More
“RSI trending up” means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.Read More
South Korean shares surged to a record high, fueled by investor optimism in the semiconductor industry, particularly benefiting Samsung Electronics and SK Hynix. The KOSPI benchmark rose significantly, driven by expectations of robust chip demand due to the artificial intelligence boom. Investors are closely watching Micron Technology’s upcoming earnings for further insights into the sector’s...Read More
Indian government bond yields are likely to remain stable at the start of the week. The government’s borrowing calendar for the second half of the financial year is a key factor. The Reserve Bank of India’s monetary policy decision also influences the market. Traders are watching the states’ borrowing plans.Read More
Asian markets saw gains, led by Japan, after its central bank addressed ETF concerns. Australian and South Korean shares also increased. US equity futures showed mixed performance amid H-1B visa fee worries. Trump touted progress on China issues. Wall Street reached new highs, fueled by rate cut prospects. Focus shifts to China’s loan rates and...Read More
Digital gold purchases have surged in popularity, with UPI transactions increasing by 377% since April 2024, driven by rising gold prices and the convenience of online buying. The value of these purchases has more than doubled, reaching ₹1,184 crore in August.Read More
Foreign investors turned net sellers in the first half of September, offloading shares in consumer services, IT, and power sectors due to concerns over profitability and rising costs. Financial services saw renewed interest, driven by attractive valuations in state-owned lenders. Automobiles, capital goods, and metals & mining also attracted inflows, but overall, foreign investors remained...Read More
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