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The non-institutional investor (NII) portion was booked 2.49 times, while the qualified institutional buyer (QIB) segment attracted 1.23 times bids. The company had also raised Rs 6.78 crore from anchor investors ahead of the public issue.

Three stocks in the NSE mid-cap segment featured in the RSI Trending Up scan on June 25 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups.

PFC and REC boards approved their merger scheme with a share-swap ratio of 88 PFC shares for every 100 REC shares. The merger aims to create India’s largest power financing institution. Analysts advise staggered investment, citing regulatory approvals, execution risks and valuation concerns despite long-term sector support.

Global financial giants managing $29 trillion are pivoting towards energy assets and infrastructure, seeking portfolio resilience amidst escalating geopolitical turmoil. Concerns over the US dollar’s long-term standing are also growing, with many institutions re-evaluating their reliance on US-based financial services. This strategic shift prioritizes investments that can weather economic shocks and trade disruptions, with gold…

Indian markets ended Thursday on a high note, with the Nifty 50 climbing nearly 1% from its lowest point. This positive momentum was fueled by declining energy prices, a stronger rupee, and favorable global trends. Analysts anticipate a continued positive outlook for Indian equities, with the Nifty expected to hold above the 24,000 mark, bolstered…

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The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

Major stock markets in China, India, and Hong Kong are lagging in the global AI race, with top companies now holding a smaller market share. This contrasts with Taiwan and South Korea, where AI leaders have significantly boosted their benchmarks. While diversification can offer stability, the absence of dominant AI players in these Asian markets…

Global markets are showing cautious optimism as US and Iran reportedly step back from further conflict escalation, with talks scheduled in Qatar. While Asian shares dipped, US equity futures climbed. However, rising oil prices and lingering inflation concerns are keeping investors on edge, despite hopes for a lasting peace and a strong tech sector performance…