Band Financial News

Sensex gained 692.27 points, or 0.93%, to close at 75,074.51, while the Nifty 50 settled 201.05 points, or 0.89%, higher at 22,821.40.Also Read: Indian stock market: 7 key things that changed for market overnight - Gift Nifty, ECB rate cut to US jobless claimsNifty 50 formed a small positive candle on the daily chart with upper and lower shadow.“Technically, this pattern indicates a high wave type candle pattern, which displays ongoing high volatility in the market at the highs. Technically, such a high wave pattern after a reasonable upmove calls for a caution for impending reversal.

Magenta Lifecare IPO oversubscribed by 74 times on day 2 so far; check detailsThe IPO garnered bids for 1,36,94,000 shares on the third day as against the total offering of 20,88,000 shares, resulting in an overall subscription rate of 6.56 times, according to Chittorgarh data.The retail portion was booked 11.61 times on the third day, while the non-institutional investors' portion achieved a subscription rate of 1.35 times.The company aims to raise ₹11.4 crore through its IPO, comprising a combination of fresh equity shares and an offer for sale. The price band for the offer is set at ₹52 per equity share, with a face value of ₹5 each.

share allotment of Kronox Lab IPO is expected to be finalised today. Investors will receive shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE.

₹241.00 apiece on NSE SME, a premium of nearly 50% to the issue price of ₹161 per share.Aimtron Electronics IPO listing was better with market expectations as the IPO GMP today, or grey market premium today, was around ₹25 per share, a prmeium of over 15%.The initial public offering (IPO) of Aimtron Electronics opened on May 30 and ended on June 3. Aimtron Electronics IPO allotment was finalized on June 4 and the IPO listing date was June 6.Also Read: Associated Coaters share price hits lower circuit after positive debut, stock opens with 17% premium at ₹142 apieceAimtron Electricals is a provider of products and solutions for electronics system design and manufacturing (ESDM) services.Aimtron Electronics IPO price band was set at ₹153 to ₹161 per share.

valuations like industrials, PSU, defence and banking may turn attractive again from a risk-reward perspective, domestic brokerage firm Motilal Oswal said today while giving out a list of 18 large and midcap stock ideas following election results. From the large cap category, the brokerage firm has picked stocks like ICICI Bank, ITC, HCL Tech, Coal India, L&T, M&M, Ultratech, CIFC and Hindalco.

Kronox Lab Sciences IPO day 3: The initial public offering (IPO) of Kronox Lab Sciences Limited opened on June 3 2024, and will remain open till June 5 2024. Bidders have just one day to apply for the public issue.

Hindalco Industries, announced that it has postponed its initial public offering (IPO) due to market conditions. The company will continue to evaluate the timing of the offering in the future, Novelis said.

A technical issue caused the temporary halt for dozens of stocks listed on the New York Stock Exchange Monday, including at least one whose price briefly fell nearly 100%

5G spectrum auction — the telecom sector’s most watched event — has been put off again, this time till June 25.

Also Read-Sattrix Information Security IPO to open on June 5; price band set at ₹121 apieceInvestors who have applied for the Associated Coaters IPO, can go to te website of the IPO registrar, which is Bigshare Services Pvt Ltd or on the BSE to check the allotment status4. Select one of the options, namely - either the Application number or the Demat Account number, or the PAN ID.5.

₹90, which is 50% higher than the issue price of ₹60. Following a bumper debut, the stock was locked in 5% upper circuit. Beacon Trusteeship IPO started for subscriptions on Tuesday, May 28, and ended on Thursday, May 30.

₹121 apiece. The IPO lot size for Sattrix Information is 1,000 shares.By buying 1,000 shares at ₹121 apiece, retail investors can invest a minimum of ₹1,21,000 and a maximum of ₹1,21,000.

Poll of Polls: 10 exit polls predict 350+ seats for BJP-led NDA, three 400+; INDIA bloc to get less than 200 seatsOsho Krishnan, a senior technical ad derivatives analyst at Angel One, pointed out that the exit poll outcome cheered market sentiments, skyrocketing key indices to their respective lifetime high levels. However, Implied volatility, a measure of market uncertainty, continues to hover at an elevated zone."Given the eventful week with the election outcome and RBI MPC result, it's best to take a cautious approach and maintain a practical view.

₹11.44 crore from the primary markets. 3C IT Solutions IPO is an SME IPO which will close on June 7.The company offers various IT products and services under 3 segments i.e.

7th Pay Commission News: The Centre is expected to merge the dearness allowance of government employees and dearness relief of pensioners into the basic pay from July when the next scheduled revision in DA takes place.

AJIT MISHRA SVP-RESEARCH, RELIGARE BROKING Where is Nifty headed this week? Nifty faced pressure after two weeks of gains, losing nearly 2% amid mixed signals. Currently, Nifty is trading at the lower band of a rising channel around the 22,400 level, and a decisive break here could lead to a further decline, potentially retesting the 21,800-22,000 support zone. In case of a recovery, the 22,900- 23,400 zone would be challenging to surpass. What should investors do? With the election results in focus, we expect continued high volatility. The sector outlook is mixed, with fresh declines in the IT and FMCG sectors reducing hopes for support. Although broader indices remain near their record highs, market breadth has deteriorated, indicating selective participation. In this scenario, we recommend closely monitoring leveraged positions and waiting for more clarity. For short-term trades, traders can consider bullish bets in Bajaj Auto, Britannia, Coal India, Coromandel, Gujarat Gas, HDFC Bank, Torrent Pharma. Bearish on Apollo Tyres, Bajaj Finance, Berger Paints, PVR Inox, Titan, and UPL.

New Yorker profiles. In 2009, a year before he left his home in Shillong to pursue a media degree in Pune, he discovered the New Yorker. In 2015, when he began a freelancing career in Mumbai, he came across Hura’s photobook, Life is Elsewhere (2015).

₹130.15 crores, consisting entirely of an offer for sale of 0.96 crore shares.The IPO price band has been set at ₹129 to ₹136 per share. Pantomath Capital Advisors Pvt Ltd serves as the book-running lead manager for the Kronox Lab Sciences IPO, with Kfin Technologies Limited acting as the registrar for the offering.Magenta Lifecare IPO opens for subscription on June 5, 2024 and closes on June 7, 2024.

Lady Parts," created by Nida Manzoor, has captivated audiences with its unique portrayal of an all-female Muslim punk band navigating their journey to success. With the recent release of Season 2, fans are eagerly awaiting news about a potential Season 3. Here’s what we know about the release date and future prospects of «We Are Lady Parts» Season 3.

Also Read: India set to record bumper IPO deals as 2024 Lok Sabha election uncertainty endsThree IPOs are slated to open for subscription in the first week of June, The issue of Kronox Lab Sciences' offer of ₹130 crore will open in the mainboard segment, while Sattrix Information Security and Magenta Lifecare IPO will open in the SME section next week.Along with the three new IPOs, six SME IPO companies will list at the bourses the following week."Amidst general elections, the primary market continues to remain vibrant, with amazing responses to certain IPOs such as Awfis Space Solutions. Confidence can be gauged by these offerings that have been launched amidst general elections, defying the earlier trend. As we speak, Kronox Lab Sciences' IPO will be launched from June 3rd to 5th.Looking ahead, get ready for a wave of IPOs from both new-age businesses and traditional sectors.

₹129–136 per share. The IPO lot size will be 110 equity shares.