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The bank may offer up to a 5% discount on the floor price. It aims to raise Rs 1,750 crore through the base issue, with an additional Rs 1,750 crore via a greenshoe option, potentially selling up to 61 crore shares (8.6% stake) through the QIP.

JM Flexicap Fund has returned over 40% this year, beating over 96% of peers during the period, according to Bloomberg data. It has been the best performer in its category over a three-year time frame.

On August 20, the stock witnessed the golden crossover, where the 10 DEMA cut through 20 DEMA from the lower side, and the stock has since then been in an upward direction.

Bharti Airtel prepaid dues worth Rs 8,465 crore to the government on Monday. However, the company did not specify the remaining balance for dues. Spectrum refers to the rights to use specific airwaves for a designated period.

However, we do believe in the short-term current valuations mean that investors have to set realistic return expectations or increase their time horizon for returns.

Oil prices remained steady as concerns over the Middle East conflict potentially disrupting exports were balanced by the prospect of additional supply entering the market. Demand growth has been weaker than expected, especially in China. Major producers like OPEC+ are set to increase output by December. U.S. crude stockpiles were expected to have fallen last week.

Gold prices steadied on Tuesday following a near 1% decline as investors awaited U.S. economic data for rate cut indications. Fed chair Jerome Powell expects two rate cuts this year amid geopolitical tensions and ongoing U.S. economic evaluations, with Goldman Sachs raising gold forecasts for 2025.

Federal Reserve Chair Jerome Powell said that the central bank will likely continue with quarter-percentage-point interest rate cuts and is not in a hurry to cut rates quickly. Powell emphasized confidence in ongoing economic growth and consumer spending. The Fed aims to maintain low unemployment and manage inflation towards its 2% target.

Eligible firms have placed $465.6 billion in the New York Federal Reserve’s reverse repo facility, the largest amount since late June. This spike is linked to the end of the third quarter. Analysts expect these high inflows to decline soon. The reverse repo facility has seen a reduction in usage as the Fed removes pandemic-era stimulus.