Band Financial News

Nifty on Friday ended 33 points lower to form two back-to-back candles with high upper shadows and indicate a presence of strong overhead resistance around 19,850 levels. The positive chart pattern like higher tops and bottoms is intact as per the daily chart and Thursday's swing high of 19,875 could be considered as a new higher top of the sequence. Hence, any decline from here could open a possibility of higher bottom formation around 19,600 -19,550 levels in the coming sessions, said Nagaraj Shetti of HDFC Securities. The hourly momentum indicator has a negative crossover, indicating that the consolidation can continue over the next few trading sessions.

Tata Investment Corporation rallied over 20% on Friday's trading session, touched to ₹3,909.90 per piece ahead of upcoming initial public offering (IPO) of Tata Technologies. Tata Investment shares opened ₹ 3,270 per share in the early morning trading on Friday, against previous close at ₹ 3,257 . Tata Technologies, which is all set to go public on November 22, is a subsidiary of Tata Motors in which Tata Investment is a promoter group entity.

Multibagger IPO: The initial public offering (IPO) of Quicktouch Technologies Limited is one of the multibagger IPOs that Indian primary market has delivered in 2023. This NSE SME IPO was launched in April 2023 at a fixed price of ₹61 per equity share. Quicktouch Technologies Limited IPO listed on NSE SME Exchange platform on 2nd May 2023 at ₹92 apiece, deliering more than 50 per cent listing premium to the lucky allottees.

The second edition of ‘Lollapalooza India’ will be taking place in Mumbai on January 27 and 28 2024. Just like the first edition, ‘Lollapalooza India 2024’ will be held at the iconic Mahalaxmi Race Course, Mumbai.

Flair Writing Industries has set the price band for its upcoming initial public offering (IPO) at Rs 288-304. The company plans to raise Rs 593 crore through the three-day issue which will open for subscription on November 22, Wednesday. Under the issue, the pen and writing instruments maker will issue fresh equity shares worth up to Rs 292 crore while an offer for sale (OFS) where equity shares worth Rs 301 crore will be offloaded by the existing shareholders. The retail portion has been reserved at 35%, where the investors can subscribe a minimum of one lot or 49 shares and in multiples thereof.

BSE SME today. On BSE SME, Kalyani Cast Tech share price today listed at ₹264.10, which is 90% higher than the issue price of ₹139. Following a stellar debut the shares were locked in 5% upper circuit.

₹288 to ₹304 per equity share of face value of ₹5. Flair Writing IPO date of subscription is scheduled for Wednesday, November 22, and will close on Friday, November 24.

Tata Technologies IPO: The initial public offering (IPO) of Tata Technologies Ltd is ready to hit Indian primary market on 22nd November 2023 and it will remain open for bidding till 24th November 2023. The Tata group company has already declared Tata Technologies IPO price band at ₹475 to ₹500 per equity share. Meanwhile, after announcement of Tata Technologies IPO date and price band, grey market has gone highly bullish on the public issue.

₹160 to ₹169 per equity share of face value of ₹2. Gandhar Oil IPO date of subscription is scheduled for Wednesday, November 22, and will close on Friday, November 24.

most anticipated initial public offerings (IPOs) of 2023 is finally here. Tata Technologies IPO, a wholly-owned subsidiary of Tata Motors, plans to offer 23.6% of its paid-up share capital currently held by Tata Motors, Alpha TC Holdings, and Tata Capital Growth Fund I. It is set to launch its IPO on Wednesday next week, November 22.

₹13,546 crore amid festive season after the stock market ended on a higher note for second day straight.The RBI on Thursday tightened norms for personal loans and credit cards in the form of higher capital requirements. The new norms will make personal loans and credit cards costlier and may curb growth in these categories.Several reports in US on Thursday indicated a slowing economy.

Day trading guide for today: Following global market cues, Indian stock market continue to trade higher on Thursday. However, profit booking was witnessed on higher levels ahead of the closing bell. Nifty 50 index ended 89 points higher at 19,765 levels, BSE Sensex finished 306 points up at 65,982 mark.

₹133 to ₹140 per equity share of face value of ₹10. Fedbank Financial Services IPO date of subscription is scheduled for Wednesday, November 22, and will close on Friday, November 24.

Tata Consultancy Services Ltd went public in 2004. A successful IPO of Tata Technologies may encourage the conglomerate to take more group companies public, two investment bankers said on the condition of anonymity. Both Tata Sons and Tata Capital were classified by the Reserve Bank of India (RBI) in September 2022 as “upper-layer" NBFCs, which requires them to go public three years from the date of classification.

Scotland. While Scots prepare for wintry conditions, the rest of Britain is on alert for heavy rain and potential flooding, marked by yellow weather warnings.

The US Securities and Exchange Commission’s (SEC) latest release of its Staff Accounting Bulletin (SAB) 121 is receiving major backlash from legislators.

Bull vs bear: Indian stock market extended its rally for second straight session on Thursday. In opening bell today, Nifty 50 index opened flat at 19,674 levels and went on to hit intraday high of 19,781 levels, logging 338 points rally in two straight sessions. Sensex today opened at 65,665 and went on to hit intraday high of 66,054 levels, ascending 1,121 points in two days.

fixed deposits (FDs), you will be happy to know that the era of rising interest rates on fixed deposits is not over yet. Some factors that indicate this is credit growth remaining much higher than deposit growth; the recent decision of the Reserve Bank of India (RBI) to increase the investment limit of non-callable deposits to Rs 1 crore; and the expected higher food inflation due to El Niño hitting India’s food production. As an FD investor, you can take advantage of rising interest rates to invest in term deposits. But, first, let’s understand how interest rates of fixed deposits will be impacted in the short term and long term.

Sammy Hagar, an American rock icon, is set to embark on the «Best of All Worlds» tour in 2024, promising a nostalgic journey through his illustrious career. The tour, scheduled from July 13 to August 31, will showcase the talents of Hagar's star-studded backup band, including guitarist Joe Satriani, bassist Michael Anthony, keyboardist Rai Thistlethwayte, and drummer Jason Bonham. This tour serves as a spiritual successor to Hagar's 2004 «Best of Both Worlds Tour» with Van Halen. Hagar, known as the Red Rocker, officially announced the tour via his Instagram page on November 14. The tour aims to captivate audiences across the mainland United States and Canada, bringing together some of the most iconic names in rock music. The presale is ON! Presale for the «Best of All Worlds» tour begins on November 15, 2023, with a special code «REDHEAD» for access. Live Nation will also host a presale starting on November 16, 2023, with the code «BACKSTAGE.» General tickets will be available from November 17, 2023, through various channels, including Sammy Hagar's official website, Red Rocker, and popular ticket vendors like Ticketmaster. In a press release, Hagar expressed his excitement for the upcoming tour, stating, «With Joe on board, we can take a deeper dive into those years. We're going to touch on some hits from my entire career but seeing fans old and new really embrace the new collection set off something in Mikey and me.» Hagar and Michael Anthony, who played together in Van Halen's 2004 tour, decided to reunite after an instant connection with the fans during Hagar's 76th Birthday Bash in Cabo.

The NSE Nifty50 index settled 1.19% higher at 19,675, while the S&P BSE Sensex rose 1.14% to 65,675. The Nifty50 logged its best single-day gain since March 31 and closed at the highest level since October 18. Here's how analysts read the market pulse: «On the daily charts, we can observe that the narrow range of the last few trading sessions has been decisively broken on the upside.

Amid escalating geopolitical risks in the past few months, attention has turned to defense stocks. While challenges in the defense industry have affected their performance relative to the index since last year, the continued influx of orders these companies are receiving suggests things could be about to change for this sector.