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Ramkrishna Forgings saw major bulk deal activity on Tuesday as Morgan Stanley bought shares worth Rs 95 crore while Societe Generale sold Rs 75 crore worth. The buying and selling prices were at a discount of 1.2% over the Monday closing price of Rs 512.90 on the NSE.
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Indian markets ended flat on Tuesday as year-end caution and persistent FII outflows kept sentiment subdued. Nifty hovered below 26,000, with analysts flagging a weak short-term trend amid negative technical indicators. Activity remained stock-specific, with Hindustan Copper, auto names and PSU banks drawing strong interest despite overall bearish market breadth.
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E2E Transportation Infrastructure’s SME IPO drew a record Rs 29,500 crore in bids, making it India’s most subscribed SME issue ever. Led by Mukul Agrawal, the Rs 84.22 crore IPO saw overwhelming participation from retail, non-institutional, and institutional investors, highlighting strong momentum in railway and transport infrastructure themes.
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Wall Street opened muted on Tuesday after tech stocks faced renewed selling, following the steepest one-day decline in nearly two weeks. The Dow fell 27.1 points (0.06%) to 48,434.88, the S&P 500 dropped 5.3 points (0.08%) to 6,900.44.
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Blackstone-backed Indian office developer Bagmane ‍Prime Office REIT ​has filed for a $445.6 million initial ⁠public offering, its draft prospectus showed on Tuesday.
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