Knack Packaging IPO allotment likely today; GMP at 11%. Here’s how to check allotment status

Knack Packaging IPO’s basis of allotment is expected today, following a highly successful subscription. Investors eagerly await confirmation of their share allocation in the Rs 439.5 crore issue, which saw overwhelming demand from all investor categories. The company’s shares are set to list on July 8, with a modest grey market premium indicating potential listing…

Global equity funds attract third straight week of inflows as investors buy AI-linked dip

Investors are pouring money into global equities, particularly technology stocks, despite a recent market dip. This surge, marking the third consecutive week of inflows, signals strong confidence in the AI-driven rally. While U.S. funds saw outflows, Europe and Asia experienced significant gains. Bond funds also remain popular, though money market funds saw a reversal. Emerging…

US Stock Market: Fed minutes, corporate earnings to set the tone for Wall Street this week

Investors will focus on the U.S. Federal Reserve’s meeting minutes and the start of the second-quarter earnings season this week to gauge the outlook for interest rates and the sustainability of the recent U.S. stock market rally. While technology stocks, especially semiconductors, have driven market gains, investors are also watching for broader participation from sectors…