share market

As South Korea descends into political chaos, its equity market risks falling further behind major tech rival Taiwan, which is basking in the glory of the global artificial intelligence boom. As South Korea descends into political chaos, its equity market risks falling further behind major tech rival Taiwan, which is basking in the glory of the global artificial intelligence boom. A near 30% surge in Taiwan’s stock benchmark this year, set to be the best since 2009, has already helped spur a historic divergence between Asia’s two tech-dominated markets. The island’s market capitalization now exceeds South Korea’s by about $950 billion as the world’s AI frontrunners from Nvidia Corp. and Microsoft Corp. to OpenAI all increasingly turn to Taiwanese firms for supply. Looking ahead to next year, while both export-oriented economies face the risk of higher tariffs by incoming US President Donald Trump, many investors see Taiwan as less vulnerable given the reliance of American firms on its ...

Ganesh Infraworld shares listed at Rs 157.70 apiece, a 90 per cent premium over the IPO allotment price of Rs 83 Ganesh Infraworld IPO listing: Shares of construction company Ganesh Infraworld made a solid debut on the NSE SME today, continuing their upward momentum to hit the upper circuit within less than 5 minutes of listing. The company's stock listed at Rs 157.70 apiece, a 90 per cent premium over the IPO allotment price of Rs 83. After listing, the stock gained an additional 4.98 per cent, surging 99.45 per cent from the issue price to reach the upper circuit of Rs 165.55 apiece on the NSE SME. During the session, nearly 0.13 million shares , valued at Rs 21.84 crore, were traded before trading was halted. Notably, the capital market regulator Securities and Exchange Board of India (Sebi) has capped listing gains for SME stocks at 90 per cent of the issue price. The Ganesh Infraworld IPO listing aligns with grey market trends, as the company's shares were commanding a sol...

the Nifty has retraced over 38 per cent of its recent losses; technically the Nifty seems on course to test 24,700 levels in the near-term. Track key support, resistance levels here The NSE Nifty 50 index has rallied over 5.5 per cent from its recent lows in the last two weeks. The Nifty had hit a low of 23,263 on November 21, 2021, and now quotes around 24,500 levels. In the process, the Nifty 50 index has managed to sustain above its short-term or the 20-DMA (Daily Moving Average) for the last two weeks. At its low, the Nifty had dropped below its long-term or the 200-DMA for the first time since March 2023. The NSE benchmark index languished around the 200-DMA for four trading sessions and then staged a pullback rally. The questing now arises that - Does the pullback rally has enough legs to move higher? Will the Nifty extend the rally towards the 25,000-mark or will it fall back to 24,000-levels by the 2024-end? Among key events in December, the RBI Policy outcome on Friday, tomorr...

Suraksha Diagnostic IPO allotment will be finalised today, with investors able to check status on Kfin Technologies Ltd's portal. The IPO subscription ended with a decent response from various investors. Refunds for unallocated shares begin on December 5, with shares allocated on the same day. Suraksha Diagnostic IPO Allotment Status: The Suraksha Diagnostic IPO share allotment will be finalised today (Wednesday, December 4). Investors who applied for the Suraksha Diagnostic IPO can check the Suraksha Diagnostic IPO allotment status in the registrar's portal, which is Kfin Technologies Ltd. The Integrated diagnostic chain company opened for subscription on Friday, November 29 and ended on Tuesday, December 3. By the end of the last bidding day, the issue saw decent response from non-institutional investors (NIIs) (1.41 times), qualified institutional buyers (QIBs) (1.74 times), followed by retail investors (95%). Suraksha Diagnostic IPO subscription status was 1.27 times on the...

Domestic markets started the week positively, rising over half a percent. Shares of Swiggy, Wipro, Tata Power, and others will be in focus due to various developments such as financial reports, legal challenges, partnerships, and acquisitions. Bajaj Finance and BPCL also made significant moves. Domestic markets started the week on a positive note, rising over half a percent despite mixed signals. In today's trade, shares of Swiggy, Wipro, Torrent Power, Ambuja Cements, Tata Power, BPCL among others will be in focus today due to various news developments. Shares of Swiggy will be in focus today as the food delivery company will release its financial results for the second quarter ended September. This is the first quarterly report of the company since its IPO. Home First Finance BofA, Goldman Sachs, Citigroup among others bought shares of Home First Finance in a block deal worth Rs 1,100 crore. Tata Power The Delhi High Court has sought response from the Central government and othe...

The Indian stock market is expected to open positively with GIFT Nifty up 30.25 points amid mixed global cues. Asian stocks continue to show momentum, and despite recent volatility, the Nifty 50 and Sensex have shown gains, indicating potential recovery opportunities. Indian stock market: The domestic market benchmark indices are anticipated to have a positive opening on Monday's trade with GIFT Nifty up 30.25 points from Friday's close on Nifty Futures amid mixed global cues. Asian stocks showed positive momentum for a second straight day, taking inspiration from Friday's gains on Wall Street. Additionally, the dollar gained strength following President-elect Donald Trump's advice to the BRICS nations, suggesting they should avoid creating a competing currency to the US dollar, as per Bloomberg report. On Friday, during the last trading session of the week, the key domestic indices, Nifty 50 and Sensex, experienced positive movement, indicating progress for the Indian ...