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Shriram Finance Ltd. fell 0.99 per cent to Rs 2057.75 in Monday's session as of 12:59PM (IST) even as the equity benchmark Sensex traded 89.47 points lower at 71394.28. Earlier in the day, the stock witnessed a gap down start to the session.

RBI) has fixed the price at Rs 6,199 per gram. For investors willing to apply online, there is a discount of Rs 50 per gram and the issue price is Rs 6,149 per gram.

Flexi-cap funds are pure equity funds that can invest across the entire market without any caps. Due to their higher equity exposure, these funds are more volatile but also have the potential to generate better returns in the long run.

Mazagon Dock Shipbuilders (MDL) has signed individual Shipbuilding Contracts with the European client for the construction of three units of 7,500 DWT Multi-Purpose Hybrid Powered Vessels on December 14, 2023, for a value of approximately $42 million," the company said in an exchange filing. The nature of the order involves a comprehensive process of designing, building, and delivering these advanced vessels upon completion, Mazagon Dock said. The first vessel delivery is scheduled for 27 months after the effectiveness of the contract. At 10.37 am, the scrip was trading 3% higher at Rs 2,143.5 on BSE. On a year-to-date basis, the stock has delivered multibagger returns of 170%.

At 10.57 am, the public issue was subscribed 2.34 times. The retail category was subscribed 3.60 times, while the NII portion garnered 1.92 times bids. There have been no bids from qualified institutional buyers so far. The issue, which is completely fresh equity of 2.74 crore shares, has created a strong buzz in the grey market as the company's shares are trading at over 180% premium compared to the offer price. «Considering Motisons' strong brand, proven track record, and growth plans, alongside the current market sentiment, we recommend applying for this IPO with cautious optimism,» said Swastika Investmart. The company mobilised Rs 36.3 crore from anchor investors, a day before the opening of the issue. Only two investors participated in the anchor book.

Nirmala Sitharaman will present the Union Budget 2024 on February 1 next year. It will be an interim Budget as the elections for the Lok Sabha are due early next year. The full Budget for FY25 will be presented after the formation of the new government.

rupee jumped 33 paise to settle at 83.00 a dollar, posting its biggest single-day gain in more than eight months. “Be wary of sudden drops that may follow persistent inability to clear 83.4. Slippage past 83.02 could expose 82.78, while pull back above 83.19 would restore upside bias," said Anand James, Chief Market Strategist at Geojit Financial Services.

Also Read: Don't use sugarcane juice and sugar syrup for ethanol production, govt asks distilleries In response to the updated order, major sugar stocks rose significantly in today's trade. Bajaj Hindusthan Sugar led the gains with a 7.7% gain to ₹30.20 apiece, followed by Dhampur Sugar Mills ( up 6.59%), Dalmia Bharat Sugar (up 6%), Uttam Sugar Mills (up 5.7%), Sakthi Sugars (5.2%), Balrampur Chini Mills (up 5.1%), Rajshree Sugars & Chemicals (up 5%), Praj Industries (up 4.46%), and Triveni Engineering (up 3.8%).

Bonus shares 2023: The board of directors of Salasar Techno Engineering Ltd is soon going to consider issuance of bonus shares to its eligible shareholders. The telecom infra company has informed Indian stock market bourses that its board of directors will consider and approve proposal for bonus shares in its meeting scheduled on 20th December 2023 i.e.

Abhay Agarwal, Founder & Fund Manager, Piper Serica, says “we are seeing a lot of investors both in India and internationally under allocated on the risk assets, They are actually “desperately” looking to put on positions, get to a fair level of allocations. That is why we are seeing in the markets that anybody who did the hard work, stayed invested, used the downturn in the market to deploy capital, is finally getting rewarded. So it is a great reminder from the markets for all investors.” What a week has it been for a very long time. We have been spoiled by such massive gains in such a short period of time. This kind of a market makes all of us feel that we are great stock pickers and great participants in the market, does it not? We have been investing for 30 years and I am again reminded that long-term investors should learn to ignore the general market perspectives and market wisdom because not much ago, there was a lot of caution, lot of worry about the markets Michael Burry was putting on a big short and people said look, he is a very smart guy who made billions shorting the market. Crude prices had gone up and there was a worry that the Fed will increase rates and a lot of investors got under allocated to the markets at that point of time.

ITC Ltd, part of the S&P BSE Sensex index, has underperformed the benchmark index but is seen consolidating around the breakout area of the cup and handle pattern on the daily charts. The level of Rs 450 is acting as a crucial support for the ITC stock price and a bounce back could be possible around these levels as various technical parameters suggest that bulls are here to stay. The stock is down by about 0.5% in a week compared to over 2% gain seen in the S&P BSE Sensex in the same period. It rose more than 4% in a month compared to 9% gain seen in the benchmark index. Short term traders can look to buy the stock now or on dips for a possible target above 500 once Rs 499 is breached – which is the July record high. The stock hit a record high of Rs 499 on 24 July 2023 but it failed to hold on to the momentum.

Motisons Jewellers launched its Rs 151 crore IPO on Monday. The company has mobilised Rs 36.3 crore from anchor investors, a day before the issue's opening. Only two investors participated in the anchor book. The issue, which is completely fresh equity of 2.74 crore shares, has created a strong buzz in the grey market as the company's shares are trading at over 100% premium compared to the offer price. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors. Motisons Jewellery is a hyperlocal jewellery retail chain in Jaipur with four showrooms (inclusive of one flagship showroom). The company primarily sources finished jewellery from third-party suppliers across India and its business involves sale of jewellery made of gold, diamond, kundan etc., The product portfolio comprises over 300,000 jewellery designs, including a wide range of gold, diamond and other jewellery items across different price points.

IPO) of Muthoot Microfin opened for subscription today and will be available for the public to bid till December 20. The company has bagged Rs 285 crore from 26 anchor investors ahead of the issue. The IPO comprises a fresh issue of Rs 760 crore and an offer-for-sale (OFS) of Rs 200 crore. Under the OFS, promoters Thomas John Muthoot, George Muthoot, Preethi John Muthoot, Remmy Thomas, and investor Greater Pacific Capital will offload shares. Muthoot Microfin is the fourth largest microfinance company in India in terms of gross loan portfolio. It is the third-largest in South India, with the largest in Kerala in terms of market share, and a key player in Tamil Nadu with an almost 16% share.

best time to lock your money into high-return term deposits. “We expect that the key policy rates will come down post-Q2 2024. Gradually, the market will start factoring this, which will have a downward impact on the FD returns of various banks, small finance banks, and NBFCs.

INOX India IPO: The initial public offering (IPO) of INOX India Limited opened for subscription on 14th December 2023 and it will remain open till 18th December 2023. This means, investors have just one day in hand to apply for the IPO as bidding for the public issue will end today evening. The cryogenic equipment maker and supplier company has fixed INOX India IPO price band at ₹627 to ₹660 per equity share.

global market cues. The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 21,482 level as compared to the Nifty futures’ previous close of 21,558.

Motisons Jewellers IPO: The initial public offering (IPO) of Motisons Jewellers Limited has opened today and it will remain open till 20th December 2023 i.e. till Wednesday this week. This means, Motisons Jewellers IPO date of subscription will remain open from Monday to Wednesday this week.

Muthoot Microfin IPO: The initial public offering (IPO) of Muthoot Microfin Limited has opened today and it will remain open till 20th December 2023 i.e. till Wednesday this week. This means, Muthoot Microfin IPO date of subscription will remain open from Monday to Wednesday this week.

Read more.The wholly owned subsidiary of Tata Power Renewable Energy has signed a contract to supply 152 MWp DCR solar PV modules for NTPC's Nokh solar PV project in Rajasthan, valued at about ₹418 crore. NTPC is developing the 735 MW Nokh Solar Park in Pokaran, Rajasthan.The company said it has received approval from the US Food and Drug Administration for its abbreviated new drug application for Allopurinol Tablets USP.

Day trading guide for today: Following strong global market sentiments, Indian stock market finished higher for seventh week in a row on Friday last week. Nifty 50 index surged 2.30 per cent last week and closed at 21,456 levels after climbing to a new high of 21,492. BSE Sensex logged weekly gain of 2.18 per cent and ended at 71,483 levels after hitting a new high of 71,605 on Friday.

Buy or sell stocks for today: On account of strong global market sentiments, Indian stock market ended higher for seventh week in a row on Friday last week. Nifty 50 index logged weekly gain of 2.30 per cent last week and closed at 21,456 levels after climbing to a new high of 21,492.