The stock quoted a 52-week high price of Rs 4581.8 and low of Rs 3060.0.
Ideal Technoplast Industries IPO: Ideal Technoplast Industries opened its SME IPO, aiming to raise Rs 16 crore through the issue of 13.25 lakh shares at Rs 121 each. The IPO, managed by Swastika Investmart, opened on August 21 and closed on August 23. Funds will go toward capital expenditure and general purposes. The listing is expected on August 28.
Artificial intelligence and data analytics are transforming healthcare especially for those who don’t have easy access to doctors and treatments.
Prime Minister Modi lauded RBI Governor Shaktikanta Das for achieving an A+ rating in the Global Finance Central Banker Report Cards 2024, marking his second consecutive win. The RBI's effective inflation control, economic growth strategies, and the decision to keep the repo rate unchanged at 6.5% reflect its cautious approach to economic stability.
"Our stir will continue until we ensure justice for our sister. We understand that patients are facing problems, but our demands are justified," a junior doctor told PTI.
A total of 14,671 shares changed hands on the counter till 10:14AM (IST)
The Nifty IT index was trading 0.21 per cent down at 41486.9.
Bharat Bandh 21 August: Dalit and Adivasi groups called for a 'Bharat Bandh' on Wednesday, protesting Supreme Court's recent judgment on SC/ST reservations. They demanded stronger representation and protection for marginalized communities. The bandh might disrupt transportation and services, but emergency services will continue. Schools in some regions of Rajasthan will remain closed due to the call for bandh.
US importance in the sector will come as no surprise to those following the climate-tech ecosystem closely, given the outsized role US climate policy has had on investment, particularly the Inflation Reduction Act.
A total of 67,295 shares changed hands on the counter till 10:10AM (IST).
The 30-share BSE Sensex was down 88.81 points at 80714.05
Gold and silver futures opened higher on Wednesday due to strong Chinese demand and weaker dollar index. Gold October futures reached Rs 71,862 per 10 grams and silver September futures touched Rs 84,892/kg.
Broach Lifecare Hospital shares listed on the BSE SME platform with a 90% premium on Wednesday, debuting at Rs 47.5 versus an issue price of Rs 25. The IPO, a fresh equity sale of 16.08 lakh shares, was oversubscribed by over 100 times, despite having no GMP.
Every sector has a different transformation journey, the way the auto industry is getting transformed is very different from the journey of transformation which an energy company would follow. Of the sectors which have been going through structural changes and a number of them are close to a point where either companies should produce results or they would disappoint. Take the case of auto, and a year back they were close to the same inflection point. One year later as they launch their EV’s they are being re-rating. Читать дальше...
UltraTech Cem., Kotak Bank, ICICI Bank, IndusInd Bank and HDFC Bank were among the top losers on NSE.
A school teacher in Akola, Maharashtra, was arrested for molesting six class 8 girls over a period of four months. Pramod Manohar Sardar was detained after complaints were lodged. This arrest comes on the heels of another troubling incident in Badlapur, contributing to growing national protests against sexual violence.
Orient Technologies IPO Open Today: Orient Technologies' IPO has begun with a goal of raising Rs 120 crore from fresh equity and Rs 64 crore from anchor investors. The issue closes on August 23. Analysts advised subscribing to the fairly priced IPO, with shares trading at a 27% premium in the unlisted market. Proceeds will fund capital expenditure and office premises acquisition.
A total of 8,053 shares changed hands on the counter till time (IST).
Axis Bank's stock, which dropped 13% from its July 2024 highs, showed signs of potential recovery. Technical analysis suggests the stock could rebound to Rs 1,300-Rs 1,350 in the next 1-2 months. Improved RSI and support above the 200-Days Exponential Moving Average indicate a buying opportunity for high-risk traders.
Santosh Rao of Manhattan Venture Partners discussed how Fed rate cuts, geopolitical tensions, and a weakening dollar are driving gold prices up. He suggested gold could reach $3,000 due to continued demand and election uncertainties. Rao sees gold as a crucial part of diversified portfolios and a hedge against economic issues.
The Nifty Bank index was trading 0.63 per cent down at 50484.45.
The lawsuit, filed by Ethan Zuckerman, a public policy professor at the University of Massachusetts Amherst, is the first to use Section 230 against a tech giant in this way, his lawyers said. It is an unusual legal maneuver that could turn a law that typically protects companies like Meta on its head. And if Zuckerman succeeds, it could mean more power for consumers to control what they see online.
On August 20, the closing prices of five stocks from Nifty500 pack dropped by more than 2% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.
The project, developed by a consortium including FPT City Danang, FPT Investment, and FPT Software, covers an area of 93.24 hectares, FPT said in a statement. It comprises an AI centre, an education zone and a supporting urban zone, of which the AI centre will focus on research, software production, digital transformation assistance and cybersecurity solution provision, it added.
Conservative hybrid mutual funds are the entry to the world of hybrid funds. These schemes invest mostly in debt and a small percent in equity. As per the Sebi norms, conservative hybrid schemes must invest 75-90% in debt instruments and 10-25% in stocks. These schemes are ideal for investors looking to invest a small part of their corpus in equity to earn some extra returns.
