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As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.
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Global Ocean Logistics is set to list on the BSE SME platform on December 24. The company’s IPO saw strong demand, with a subscription of 13.64 times. Despite this, the grey market premium is flat. The Rs 30 crore IPO aims to fund business expansion and working capital. Global Ocean Logistics is a freight forwarding company with a pan-India presence.
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MARC Technocrats shares will list on the NSE SME platform on December 24. The grey market premium is flat. The Rs 43 crore IPO saw strong demand, especially from retail investors. The company provides infrastructure consultancy services to government bodies. Financials show significant growth in revenue and profit. The issue price was fixed at Rs 93 per share.
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Oil prices saw modest gains, buoyed by strong U.S. economic growth and potential supply disruptions from Venezuela and Russia. Robust consumer spending fueled a faster-than-expected GDP increase in the third quarter. Concerns over Venezuelan exports and ongoing attacks on Russian energy infrastructure are supporting market sentiment, overshadowing inventory data.
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