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Indian stock indices Sensex and Nifty 50 are set to open higher on September 3, amid positive global cues, despite a previous session’s decline. Support and resistance levels are critical for market recovery, as analysts emphasize caution in trading strategies.
India’s track record of recovering dues based on personal guarantees for corporate loans has been dismal so far. This, along with the eye-popping sums involved, could explain why Subhash Chandra’s case is being watched so keenly.
Asian markets today: South Korea’s Kospi advanced 0.86%, while the small-cap Kosdaq declined 0.19%. Japan’s Nikkei 225 was largely unchanged, while the broader Topix gained 0.65%.
Buy or sell indicator: Vaishali Parekh recommends three stocks to buy today — Sammaan Capital, Arvind, and Wockhardt
U.S. President Donald Trump said on Wednesday that the renewed U.S. campaign against Iran would not continue for “too long”. He said U.S. forces had targeted Iran’s radar and missile systems.
China services activity beats forecast in Aug as new orders rise – RatingDog PMI
Australia trade surplus beats forecasts in July despite weaker exports
The Rs 700-crore IPO was offered in a price band of Rs 78–Rs 82 per share. The issue comprised a fresh issue of Rs 500 crore, involving 6.10 crore shares, and an offer for sale (OFS) of Rs 200 crore, involving 2.44 crore shares sold by promoters Devendra Goel and Jay Goel.
Iraq’s oil exports increased significantly in August and September. This rise followed wide profit margins and Iranian tanker passage approvals. Buyers were incentivized by substantial discounts offered on Iraqi crude oil. Major importers like China and India are receiving more heavy crude. Shipments are improving supply to key Asian markets.
The IPO, which opened for subscription on August 27 and closed on August 31, witnessed an extraordinary response from investors, with the issue subscribed a staggering 289 times overall.