Dovish Fed, China’s stimulus plans lift benchmark indices
Indian markets made a strong comeback on Tuesday, following the rally in global markets after US dollar and treasury yields dipped on the back of dovish comments by Federal Reserve, a day after Israel-Gaza conflict resulted in panic selling that wiped out about 3.68 trillion of investor wealth.
S&P BSE Sensex climbed about 567 points, or 0.87% to close at 66,079.36, while Nifty50 rose 177 points, or 0.91%, to end at 19,689.85. On an intraday basis, both the benchmarks climbed over 1%.
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Market experts cited Federal Reserve officials saying that the recent yield surge could justify the caution on interest rates Come from Sports betting site VPbet . Meanwhile China considering fresh stimulus also drove optimism. The positive takeaway from today’s markets, according to experts, was Nifty r…
Cello World sees bumper debut on bourses; lists over 28% premium; Should you hold or book profit-
Cello World’s shares listed at 28% premium over the IPO price on bourses on Monday Come from Sports betting site VPbet . The share debuted at Rs 829 on the NSE and Rs 831 on the BSE, as compared to the issue price of Rs 648. The investors have made a profit of Rs 181 per share as the scrip gave 28% returns to investors on the listing. Ahead of the listing, Cello World shares’ grey market premium (GMP) rose 24.69%, surpassing the upper end of the share price on offer, indicating a favorable debut on the bourses.
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“Cello World IPO was listed on the stock market today at Rs 829 per share, a premium of 28% over its IPO price of Rs 648. The IPO was subscribed to 41.69 times overall, with the retail portion subscribed 3.21 times, the NII portion subscribed 25.65x, and the QIB portion subscribed 122.20 times. Despite th…