Nifty witnesses highest volume in 11 sessions; breaks below trendline support

Gaja Alternative Asset Management shares made a strong debut on Wednesday, listing nearly 16% above the IPO price. The Rs 550-crore issue received robust demand during subscription, led by institutional and non-institutional investors, with the overall issue subscribed 31.33 times.

The domestic equity benchmarks traded near the day’s low in afternoon trade, weighed down by weak global cues. Renewed strength in crude oil prices and a sharp rise in global bond yields dampened investor sentiment. The Nifty traded below the 24,050 level. Healthcare, chemicals and cement stocks declined while only IT shares managed to trade…

Rahul Gandhi criticized Prime Minister Modi and home minister Shah for their response to student protests. He stated that students are the nation’s light and he stands with them. Gandhi highlighted student struggles with education and lack of employment opportunities. He warned youth against social media distractions as jobs are shrinking. The Congress leader alleged…