Band Financial News

Flair IPO: Allotment status of the initial public offering (IPO) of Flair Writing Industries Ltd has been announced and now allottees are eagerly waiting for Flair IPO listing date, which is most likely on 1st December 2023 i.e. tomorrow. Meanwhile, in overcrowded primary market, grey market has gone further bullish on Flair IPO.

Sensex rallied 727 points and Nifty closed above the 20,000 mark on Wednesday driven by buying in select heavyweights. Stocks that were in focus included names like Zomato, which rose 3.43%, Aster DM Healthcare, which jumped 18.14%, and Siemens, whose shares increased 1.03% on Wednesday. Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today. Zomato — Bullish The stock has retested the breakout zone between 113 and 115, forming a bullish pin bar at its support. With the overall structure looking positive and the stock consistently following a pattern of higher highs and higher lows, it appears poised to reach a target of 126 and 130, with a stop loss set at 110. Aster DM Healthcare — Bullish The stock has experienced a strong breakout above its significant resistance level at 371. Additionally, it has broken out above the upper band of its parallel channel, accompanied by a sharp spike in volumes. The overall momentum appears highly favorable for an upward move towards 450 and 475, with a suggested stop loss just below 350. Siemens — Bearish The stock has touched a critical resistance level of 3675 in today's trading session.

Shares of state-owned green energy financier, Indian Renewable Energy Development Authority (IREDA), were locked in the upper circuit, or their daily permissible limit, on the stock-market debut Wednesday, mirroring the broader optimism that propelled the biggest benchmark index to reclaim 20,000 levels after nearly two months and underscoring undiminished investor appetite for new offerings anchored in sustainable growth. The IREDA stock, which began the trading day at a 56% premium to the issue price at ₹50 a share, ultimately ended the day locked at the upper circuit — at ₹59.99 apiece. That translates into an upside of 87.47% from the issue price. The ₹2,150-crore initial public offering (IPO) was sold to investors at a price band of ₹30-32 and had been subscribed 39 times, with the qualified institutional buyers' portion oversubscribed 104 times. The stock surge, which takes the financier's valuations past the ₹16,000-crore mark, also points to immediate limited upside, although the extent of oversubscription and broader market trends might limit downside risks.

Tata Technologies Share Price Live Updates: Shares of Tata Technologies are all set to debut on stock exchanges BSE and NSE at 10:00 am today after receiving an overwhelming response from investors during its three-day subscription period last week. Tata Group's first initial public offering (IPO) in almost 20 years was subscribed over 69 times by the final day of bidding.

Whether they belong to renowned gaming franchises or were once premium titles, the gaming landscape provides an array of exceptional free games available for download on both PC and consoles. So, if you're looking for a budget-friendly gaming experience, these free games offer an enjoyable escape without costing a penny.

Tata Technologies IPO: The Tata Group's much-awaited initial public offering (IPO) received overwhelming response from investors during its three-day subscription period last week. Shares of Tata Technologies is all set to debt on stock exchanges BSE and NSE on Thursday, November 30. Since, the companies off late have been switching to T+3 norms the allotment and listing date are being preponed.

₹53.41 crore from the maiden public offer which is entirely a fresh issue of 48.12 lakh shares. Graphisads IPO price band is ₹111 per share.

global market cues. Broader markets supported the rally with the Nifty Midcap 100 index hitting record high level. The Nifty 50 index is now trading at ~20.3x FY24 and ~17.6x FY25 consensus EPS.

BSE market cap climbing to the $4 trillion mark. The surge comes after Fed Governor Christopher Waller flagged a possible rate cut in the months ahead. Also, FPI turning back buyers of Indian equities, recent upgrades by multiple global brokerages, decent earnings for the second quarter, and a fall in crude oil aided the gains.

OnePlus Nord CE 3 5G smartphone by up to ₹2,000. The discount by OnePlus comes amid rumours of the company launching its flagship OnePlus 12 smartphone in China on December 4. OnePlus had launched the Nord CE 3 5G in India in July this year at a price of ₹26,999 for the 8GB RAM/128GB RAM storage variant, while the 12GB RAM/ 256GB storage variant was introduced at ₹28,999.

Stock market today: Shares of Indian Renewable Energy Development Agency (IREDA) Ltd listed on BSE and NSE at ₹50 per share levels, delivering over 56 epr cent listing gain to the lucky allottees against the IREDA IPO price of ₹30 to ₹32 per share. However, IREDA share price further extended its gains and went on to hit intraday high of ₹55.85 per share on NSE, logging around 75 per cent rise against the upper price band of the public issue.

Tech Mahindra, HDFC Bank, Reliance Industries, among others lifted the market for the second consecutive session. The Nifty Midcap 100 index hit a record high, while Nifty 50 is now just 1% away from its all-time high of 20,222.45 hit on September 15. The BSE Sensex hit its all-time peak of 67,927.23 on the same day.

₹50 per share, 56.25% higher than the issue price of ₹32. Indian Renewable Energy Development Agency IPO (IREDA IPO) opened for subscription on Tuesday, November 21, and closed on Thursday, November 23. IREDA IPO price band was fixed in the range of ₹30 to ₹32 per equity share of face value of ₹10.

By Lucy Craymer

This rare celestial spectacle has generated significant interest this year, coinciding with the sun's increased activity, which amplifies the occurrence of breathtaking natural phenomena in the night sky. Consequently, there have been numerous reports of people witnessing Steve in locations where it is not commonly observed, including parts of the United Kingdom. Approximately eight years ago, Elizabeth MacDonald, a space physicist at NASA's Goddard Space Flight Center, found herself in Calgary, Alberta, attending a seminar.

Richard Ashcroft has revealed his excitement in announcing a highly anticipated show scheduled for Saturday, July 20, next year at Robin Park Arena in Wigan. This marks the first time the 52-year-old, originally from Orrell, will perform in Wigan since the iconic Haigh Woodland Park concert with his former band, The Verve, in May 1998. Ashcroft expressed his delight today, stating, «After 25 years, back playing in my hometown. Looking forward to an amazing night in Wigan.» Tickets for the event will be available for purchase starting Friday, December 1, at 9 am through www.gigsandtours.com and www.ticketmaster.co.uk. Kris Radlinski, Chief Executive of the Warriors, remarked, «The date May 24, 1998, holds a special place in the recollections of numerous Wigan residents, myself included, serving as a cultural high point when The Verve electrified Haigh Hall to its very essence. This was a moment that Wigan crafted, leaving an enduring 'I was there' memory for the town.»

By Bansari Mayur Kamdar

According to the FOX Forecast Center, the lake-effect snow resulted in high gear on Monday as cold air came into the US from Canada. This caused the lake-effect snow to intensify and cover the lakes downwind for several days. The forecaster has predicted that the western and central New York will receive the highest snowfall. Meanwhile, some places south of Watertown, New York, may record snow of up to 2 feet on Wednesday. Lake-Effect Snow Warnings have been sounded across Erie, Pennsylvania, into Jamestown, New York, and the Buffalo Southtowns, and locations such as Syracuse, Watertown and Old Forge of central New York. Owing to the weather condition, New York Governor, Kathy Hochul has urged all residents of New York to brace up for the impact of the winter storm. She has also asked the people to be extra cautious and check the forecast before planning a trip. Hochul in a statement said, «The most hazardous weather conditions will be in the areas where lake-effect snow bands form and produce a lot of snow in a short period, which will hamper travel in some places for the next day or so». According to the FOX Forecast Center, from the northeastern Ohio snowbelt through southwestern New York and the Buffalo Southtowns, more than a foot of snow is predicted to fall. In the metro Buffalo area, where only a few inches of snowfall are possible, significant snowfall totals are not anticipated. The eastern shores of Lake Ontario on the Tug Hill Plateau in central New York are expected to receive very heavy snowfall. On Tuesday afternoon, the winds will shift to the northwest resulting in snowfall in Syracuse, New York, metro. Besides, Tug Hill Plateau is likely to receive more than 2 feet of snow.

Tata Technologies IPO allotment expected soon: GMP, subscription details Tata IPO received bids for 3,12,64,91,340 shares against 4,50,29,207 shares on offer, according to data from the BSE. The offer, which was the most-awaited IPO of the year, opened for subscription on Wednesday, November 22, and closed on Friday, November 24. The subscription status on Day 2 was 14.85 times, and on Day 1, it stood at 6.55 times.

BSE website or at the website of its official registrar — Link Intime Private Limited. Investors can find out if and how many shares they have been given through the basis of allotment. The number of shares allotted can also be seen in the IPO allotment status.

Yesterday was a fairly uneventful day, with the S&P 500 falling roughly 20 bps. Meanwhile, the 2-year auction at 11:30 AM was fairly ugly, with the new issue tailing one bps, while indirect acceptance fell to 57.4% from 62% last month.