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Markets

Markets

ICICI Securities cuts IPO size after issue saw undersubscription

NEW DELHI: The Rs 4,017-crore initial public offering (IPO) of ICICI Securities could only manage 78 per cent subscription on the last day of the issue on Monday, data available on NSE showed. However, including anchor allotment, the issue received a total of 87.9 per cent subscription. In a statement, the brokerage said that the company has successfully closed its
Markets

Market outlook: Nifty50 likely to move higher, but upside limited

In our previous note, we had expected an imminent technical pullback, though 200-DMA still was likely to act as immediate resistance for the market. While trading on these expected lines, Indian equities gave a strong pullback, and ended the day with Nifty gaining 132.60 points or 1.33 per cent. Though the pullback remained technical in nature, it has certainly marked
Markets

Dubai stock market hits two-year low following US tariff campaigns

The Dubai Financial Market General Index (DFMGI) closed at 3,115.16 on Sunday, the lowest point since the end of February, 2016. Shares of Dubai's bellwether Emaar Properties, the developer of the world's tallest building Burj Khalifa, dived by 2.72 per cent, while regional logistics giant Aramex lost 3.70 per cent. Selling pressure piled up on the Dubai
Markets

Union opposes Pawan Hans sale, writes to PMO to look at IPO

Mumbai: With government attempt to get a buyer for Pawan Hans reportedly coming a cropper and forcing it to rework the bids, the chopper operator's union has urged the management to reconsider the privatisation move. In a letter to the Prime Minister last week, Pawan Hans Helicopters union All-India Civil Aviation Employees Union, has suggested to the government to
Markets

NSE forms expert groups to bridge tech gap among mkt participants

Leading stock exchange NSE today said it has set up expert groups in business and technology verticals within the bourse to help bridge the widening technology gap among market participants. The main focus would be to reduce the gap between large, financially stronger tech-savvy and the smaller, tech-dependent, financially weaker market participants.
Markets

Nine of top 10 firms lose Rs 36,468 crore in m-cap

Nine of the 10 most valued companies together lost Rs 36,467.94 crore in market valuation last week, with SBI taking the steepest hit. HUL was the lone gainer among the top-10 firms. The market capitalisation (m-cap) of State Bank of India (SBI) tanked Rs 15,537.7 crore to Rs 2,02,507.98 crore. ITC's valuation slumped Rs 5,306.73 crore to Rs 3,12,669.80 crore