Trade Financial News

bank policy decisions weighed. The Nikkei closed 0.29% lower at 38,701.90, bringing it to a weekly decline of 1.66%, its steepest decline since early-November.

subscription of 3.49 times by 12:39 PM on its second day of bidding. The IPO issue is a mix of a fresh equity issue worth Rs 400 crore and an offer-for-sale (OFS) of 1.01 crore shares, with the issue set to close on December 23. Subscriptions from retail investors stood at 4.86 times, while the non institutions investors had subscribed by 4.12 times on the second day of bidding. Meanwhile, the qualified institutional buyers had subscribed to 78% of the allotted portion.

SME IPO of Identical Brains Studios, which will close for public subscription on Friday, has been subscribed 200 times so far, driven by a robust demand from the market participants. Around 11:30 am, the non-institutional investors (NIIs) subscribed to the issue over 65.6 times while the retail investors applied for 36.55 crore shares, attracting nearly 1.83 lakh bid applications.

«So, for very short term, yes, from these oversold zones, you can expect a bounce. But eventually, from those higher levels, this market has turned into a sell-on-rise market and I am not bullish on this market, except for a short-term bounce, then again, this market will continue its downturn,» says CA Rudramurthy BV, MD, Vachana Investments. Help us with your take on the benchmark indices, because it is Nifty 50 which is still below that 24,000 mark, as well as Nifty Bank is also trading in the red. So, do you expect some more recovery in the benchmark indices or we could just be consolidating in a tight range? CA Rudramurthy BV: See, first of all, markets are highly oversold. So, from these levels of around 23,800 where you have the 200-day moving average placed, Nifty can definitely see a bounce. And similarly, Bank Nifty from levels closer to that 51,000-51,200, we can definitely see a bounce in both Nifty as well as Bank Nifty.

Standard Glass Lining Technology, a manufacturer of specialized engineering equipment for the pharmaceutical and chemical industries, has secured Rs 40 crore through pre-IPO funding via private placement from Amansa Investments. As per the company’s public announcement on December 17, 2024, it issued 28,57,142 equity shares to Amansa Investments at a price of Rs 140 per share (including a premium of Rs 130), in consultation with the lead bankers.

Subscriptions from retail investors stood at 6.04 times, while non-institutional investors had subscribed 6.28 times on the second day of bidding. Meanwhile, qualified institutional buyers had subscribed to 2% of the allotted portion.

Bank of Baroda traded 0.92 per cent at Rs 245.95 at 01:07PM (IST) on Friday, even as BSE benchmark Sensex 787.06 points to 78430.99. The stock had closed at Rs 248.25 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 298.45 and Rs 214.85, respectively.

Ambuja Cements Ltd. traded 0.84 per cent at Rs 567.85 at 12:14PM (IST) on Friday, even as BSE benchmark Sensex 247.3 points to 78970.75. The stock had settled at Rs 563.10 in the previous session. The stock quoted a 52-week high price of Rs 706.85 and 52-week low of Rs 452.90, respectively. As per BSE data, total traded volume on the counter till 12:14PM (IST) stood at 9811 shares with a turnover of Rs 0.56 crore.

Avenue Supermarts Ltd. rose 0.16 per cent to Rs 3493.90 in Friday's trade. It hit an intraday high of Rs 3513.90 and low of Rs 3470.00, respectively, during the day. The stock quoted a 52-week high price of Rs 5484.00 and low of Rs 3458.00.

PI Industries Ltd. traded at Rs 3858.00 on BSE at 12:20PM (IST) on Friday, 0.44 per cent from previous close. The stock quoted a 52-week low price of Rs 3060.00 and a high of Rs 4801.40.

YES BANK, the sixth-largest private sector bank in India, in collaboration with FICCI FLO, South East Asia’s largest women’s chamber of commerce, announced the launch of YES PowherUp, a specialised MSME programme designed to empower women entrepreneurs in scaling their businesses. YES PowherUp offers a comprehensive suite of financial solutions tailored to the unique needs of women-led enterprises. The programme includes specialised SME loans, premium business accounts, international trade and forex services, investment opportunities, credit card options, and insurance plans. By addressing the specific challenges faced by women entrepreneurs, YES PowherUp aims to provide the necessary support for businesses to establish, grow, and succeed sustainably. Dhavan Shah, Head of SME Banking at YES BANK, said, in a statement, “India's MSME sector is witnessing unprecedented growth, with women entrepreneurs emerging as vital contributors to this dynamic ecosystem. Through our partnership with FICCI FLO, we are proud to launch YES PowherUp, a comprehensive and innovative MSME proposition tailored for women-led businesses. At YES BANK, we are deeply committed to enabling women entrepreneurs to thrive, offering them the tools and support needed to scale their ventures and shape India's growth story. Together, we aim to empower women entrepreneurs, fostering their financial independence and enhancing their impact on the economy."

ACC Ltd. rose 0.61 per cent to Rs 2128.90 in Friday's trade. It hit an intraday high of Rs 2128.90 and low of Rs 2101.55, respectively, during the day. The stock quoted a 52-week high price of Rs 2843.00 and low of Rs 1867.15.

«2025, the key is that what sort of revival we see in the auto sector. This year has been very turbulent, like initially there were good demand trend, then inventory got built up, festival season was fine, but post festival season again the growth concerns are there. The inflationary concerns in the minds of the consumers has held back consumption across various sectors and on top of that liquidity and interest rates have been higher,» says Sandip Sabharwal, asksandipsabharwal.com. We were just chatting yesterday about Asian Paints and how you think actually maybe it could bottom out in the year ahead. But that is not the case. I can even see names like IndusInd Bank, Nestle, Tata Consumer. We know your thoughts on FMCG, but what about banks? Do you think that the underperformers, like a case in point being IndusInd Bank, Bandhan, etc, even IDFC, and it is a long list, AU Small Finance Bank as well added in there, could they actually play catch up? Sandip Sabharwal: If we look at the internals of the banking stocks, especially the smaller ones, then what we need to see is that how the asset quality buildup is there, what have been the growth drivers in the past, how margins will get impacted for them, etc, and what the managements have historically said and what they have been able to deliver.

IPO) of Sanathan Textiles was subscribed 72% on Friday by 11:18 AM on its second day of bidding. The Rs 550 crore issue, which is a mix of fresh equity sale of Rs 400 crore and an offer for sale (OFS) of 46.72 lakh shares, will be available for bidding till December 23. Subscriptions from retail investors stood at 1.19 times, while the non institutions investors had subscribed by 60% on the second day of bidding. The qualified institutional buyers had not made any bids yet.

Voltas Ltd. 0.88 per cent to Rs 1724.00 in Friday's trade. It hit a high of Rs 1751.75 and low of Rs 1719.00 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1538.21, while the 50-DMA was at Rs 1737.93. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Havells India Ltd. 0.03 per cent to Rs 1695.75 in Friday's trade. It hit a high of Rs 1713.10 and low of Rs 1687.00 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1765.13, while the 50-DMA was at Rs 1725.44. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Bitcoin traded lower for the fourth consecutive day on Thursday, weighed down by Federal Reserve Chair Jerome Powell's hawkish tone and comments on the potential of a Bitcoin reserve. In a press conference on Wednesday, Powell stated that the US central bank has no intention of being involved in any government efforts to stockpile large amounts of Bitcoin. «We're not allowed to own Bitcoin,» he said, following the Fed's two-day policy meeting.

The NSE Nifty index was trading 35.46 points down at 23916.25, while BSE Sensex was 174.03 points at 79044.02 at the time of writing this report.

As of 11:10 am, the retail investors had subscribed to the issue by 31.7 times, which was followed by subscriptions from the non-institutional investors (NIIs), who subscribed to the issue by 27 times.

HDFC Asset Management Company Ltd. 0.25 per cent to Rs 4380.00 in Friday's trade as of 11:23AM (IST). The stock hit a high price of Rs 4431.00 and low of Rs 4375.00 during the session.

Indian Oil Corporation Ltd. traded at Rs 141.10 on BSE at 11:18AM (IST) on Friday, 1.03 per cent from previous close. The stock quoted a 52-week low price of Rs 117.25 and a high of Rs 196.80.