(Mumbai)Financial Markets to remain closed for Good Friday
All major financial markets including BSE, National Stock Exchange, forex and debt markets will remain closed for the day on account of Good Friday.
Tag: BSE
Financial Markets to Remain Closed for Good Friday
Indian Rupee,in Early Trade,Shrinks 16 paise Against US Dollar
[Mumbai] Indian Rupee Shrinks 16 paise Against US Dollar in Early Trade
The rupee fell by 16 paise to 65.43 against the dollar in early trade today
The rupee had gained four paise to close at 65.27 per dollar on Friday on fresh selling of the American currency by banks and exporters on the back of lower greenback overseas.
Meanwhile, the benchmark BSE Sensex was trading lower by 80.56 points, or 0.30 per cent, to 26,576.27 in early deals.
Budget Carrier Indigo,To Raise Rs 3268 Crores,Fixes Initial Share@Rs 700-765
[New Delhi]Profit Making Airline Indigo,To Raise Rs 3268 Crores, Fixes Initial Share At Rs 700-765
The much-awaited IndiGo IPO would be a test case for revival of the primary market as the relatively smaller public issue of Coffee Day Enterprises saw a lukewarm initial response even though it managed to sail through on Friday.
Low-Cost Airline IndiGo’s parent InterGlobe Aviation has fixed the price band for its initial share sale at Rs 700-765, through which it could raise up to Rs 3,268 crore.
The initial public offer would open on October 27 and close on October 29, with the allotment for anchor investors scheduled for October 26.
Under the offer, Inter Globe would have fresh issue worth Rs 1,272.2 crore as well as an offer for sale of little over 2.61 crore shares.
The price band has been fixed at Rs 700-765 per share having a face value of Rs 10 each, according to a public announcement. At the upper band, the share sale could fetch little over Rs 3,268 crore.
Among others, Rahul Bhatia would be offloading 3.06 crore shares.
Earlier, the plan was that existing shareholders would sell up to 3.01 crore shares but as per the final offer document, this quantum has been reduced to 2.61 crore shares.
The shares are proposed to be listed on BSE and the NSE.
InterGlobe Aviation runs the country’s biggest airline by market share under the IndiGo brand.
IndiGo is one of the two profit-making domestic airlines with the other one being GoAir.
Last month, InterGlobe Aviation received approval from the Securities and Exchange Board of India (Sebi) for the IPO. The preliminary papers for the share sale were filed in June this year.
At present, only two domestic scheduled carriers — Jet Airways and SpiceJet — are listed while trading in long-grounded Kingfisher Airlines has been suspended for a long time.
Weakening of American Dollar Strengthens Indian Rupee
[Mumbai]Weakening of American Dollar Strengthens Indian Rupee
Rupee recovered 8 paise against US dollar in early trade.
As per Market Experts ,Fresh selling of the US currency by exporters and banks as well as weakening of dollar against other currencies overseas supported the Indian currency
The rupee recovered by 8 paise to 66.74 against the dollar at the Interbank Foreign Exchange in early trade today, snapping its three-day losing streak on fresh selling of the US currency by banks and exporters.
.Recovery in domestic stock markets also helped rupee strengthen against the dollar
The rupee had plunged by 36 paise to settle at two-year low of 66.82 against the American currency yesterday on persistent dollar demand from banks and importers due to sustained foreign capital outflows.
Meanwhile, the benchmark BSE Sensex today regained the 25,000-mark by rebounding 118.37 points or 0.47 per cent to trade at 25,012.18 in opening trade.
NestleIndia Stock Suffered 3% Fall For Popular 2 Minutes Maggi
[Mumbai]Nestle India Stock Suffered 3% Fall on mounting trouble for its popular 2 Minutes Maggi
Extending its downtrend for the second straight session today, stock of Nestle India fell by nearly 3% on mounting trouble for its popular Maggi noodles brand over concerns related to its safety standards.
The stock fell by 2.91 %to settle at Rs 6,010.80 on the BSE. During the day, it slipped 6.31 % to Rs 5,800.10.On the NSE, the stock ended with a loss of 2.94 %at Rs 6,004.45.
In yesterday’s session, the stock had lost nine per cent.
The company’s market valuation has dipped Rs 7,680.44 crore to Rs 57,953.56 crore in two consecutive trading sessions.
Maggi noodles was yesterday banned in Delhi for 15 days, while its sale was stopped in Big Bazaar outlets even as more states ordered testing of its samples.
As food safety concerns over the two-minute Maggi noodles rose, the Centre filed a written complaint before the National Consumer Disputes Redressal Commission (NCDRC) against the Indian arm of the Swiss multinational for alleged violations of safety standards.
The Indian Army issued an advisory yesterday asking its personnel not to consume Maggi noodles and directed its canteen to set aside the existing stock till further orders. This Product Is Banned In Gujrat +Uttraakhand+ Big Bazaar outlets+Walmart.Stores+Army CSD Canteens Also
रिजर्व बैंक के नए गवर्नर रघुराम राजन के नए रुतबे से भारतीय रूपया गिरने से रुका
रिजर्व बैंक के २३ वें गवर्नर रघुराम राजन के राज्य में नए रुतबे से रूपया गिरने से रुका| रुपये में सुधार लाने के लिए रघु राम राजन ने आर बी आई का चार्ज लेते ही साहसिक कदम उठाने का ऐलान किया था जिसपर बाज़ार ने भरोसा दिखाया और अमेरिकी डॉलर के मुकाबले लगातार कमजोर हो रहे भारतीय रुपये ने गुरुवार को करीब २% तक की शानदार वापसी दर्ज़ की|
रुपये को ६६ के स्तर से नीचे पहुंचने में कामयाबी मिली|
बंबई स्टॉक एक्सचेंज[ BSE ] का संवेदी सूचकांक सेंसेक्स[ SENSEX ] भी 2.5 % से ज्यादा की तेजी के साथ करीब 500 अंक उछलकर 19,000 के पार पहुंच गया। नेशनल स्टॉक एक्सचेंज का निफ्टी सूचकांक भी 150 अंक से ज्यादा मजबूत होकर 5600 के आगे निकल गया। सेंसेक्स 18,979.76 पर और निफ्टी 5,592.95 पर बंद हुआ।
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