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Northern Arc Capital shares are set to list on Tuesday, and are seeing a GMP of Rs 141, indicating a 53% premium over the issue price. The IPO was heavily subscribed. Proceeds will be used for future capital requirements.

Casagrand Premier Builder has filed a draft red herring prospectus with SEBI to raise Rs 1,100 crore through an IPO. The funds will be used for debt repayment and general corporate purposes. The IPO includes fresh issues worth Rs 1,000 crore and an offer for sale by promoters worth Rs 100 crore.

In FY24, seven companies reported double-digit sales growth compared to the previous year, while PC Jeweller saw a significant decline in sales, followed by Asian Star and Rajesh Exports. Tribhovandas Bhimji & Renaissance Global experienced slight downturns. Profit growth varied, with some companies achieving double-digit increases, others showing single-digit growth, and a few facing losses.

So, PSU banks could outperform and private banks could underperform, so that is the theme which is visible. But more or less, we see these levels are levels to actually book profit on Nifty or you talk about Bank Nifty.

A total of 7,610 shares changed hands on the counter till 01:39PM (IST)

​Fusion, particularly in question, has seen problems across key geographies and the credit cost will further, like the press release that came over the weekend, clearly highlights closer to 60% increase quarter on quarter on the ECL provisioning requirement, which definitely would have a bearing on the profitability.

Sectoral and thematic funds, especially in tech, healthcare, and pharma, are seeing strong inflows, with ₹18,117 crore in August. These funds allow investors to access high-growth industries benefiting from trends like digitalization and healthcare innovation.

As of 30-Jun-2024, promoters held 30.3 per cent stake in the company, while FIIs held 15.08 per cent and domestic institutional investors had 25.34 per cent.

Nifty50 and Sensex hit record highs on Monday, lifted by expectations of increased foreign inflows.

The stock quoted a 52-week high of Rs 4666.0 and a 52-week low of Rs 2881.3.