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Garuda Construction and Engineering Ltd on Monday said it has raised Rs 75 crore from anchor investors, a day before its initial share-sale opening for public subscription.

The Indian rupee traded almost flat on 7th October to end at 83.97 per US dollar even as the dollar index strengthened, as likely intervention from the Reserve Bank of India kept the local currency from crossing its psychologically significant 84/$1 mark, traders said.

Sensex fell by 638 points on Monday, ending at 81,050. Despite this, five stocks in the BSE 500 index hit their 52-week highs. These highs indicate strong performance and potential for future growth.

Ace investor Ashish Kacholia bought a 2.52% stake in Jyoti Structures. The stock closed 4.8% higher. Promoters and the promoter group do not hold any stake in the company. The entire 100% stake is held by public shareholders like FPIs, AIFs, and insurance companies.

FIIs sold Indian equities worth Rs 8,293.41 crore on Monday, while DIIs were net buyers at Rs 13,245.12 crore. Indian indices fell for the sixth consecutive session, with Nifty Bank, Nifty Metal, Nifty Oil & Gas, and Nifty PSU Bank falling over 2%.

Garuda Construction and Engineering, which provides civil construction and related services for residential, commercial, and infrastructure projects, plans to raise Rs 174 crore through a fresh issue of equities to fund working capital requirements and Rs 90 crore through an offer for sale.

Indian markets closed lower for the sixth day, with the Sensex dropping over 500 points. Notable stocks like BASF India, Coforge, and AstraZeneca Pharma saw bullish breakouts and potential targets ahead.

New-age tech companies have seen significant growth in CY24. Two stocks have surged over 100%. Newly listed companies have also shown strong gains. These tech-driven startups focus on fast-growing sectors and leverage advanced technologies to offer distinctive products and services. They are recognized for their rapid expansion, high market valuations, and ability to disrupt traditional industries.

Nifty formed a long bear candle, indicating a continuation of the downtrend. The positive chart pattern has been negated by Nifty moving below the 24,753 support level. The underlying trend remains negative, with support at 24,500-24,400.