Latest Stock Market News

PN Gadgil Jewellers Ltd has raised Rs 330 crore from anchor investors ahead of its IPO opening. The IPO, valued at Rs 1,100 crore, includes a fresh issue of shares worth Rs 850 crore and an offer for sale of Rs 250 crore. The funds will be used for new stores, debt repayment, and corporate purposes.

Their demat accounts were erroneously frozen in 2017 as Pradeep Mehta happened to be one of the promoters of Shrenuj & Co at one point of time. Shrenuj could not file its quarterly earnings for April-June, July-September and October-December in 2016.

Sebi lifted restrictions on Infosys employees and related entities, dismissing insider trading charges. The regulator vacated previous orders from 2021, allowing the affected individuals and entities to access the securities market and releasing any impounded funds.

The bank was able to squeeze the pricing of the newest offering to 7.26 per cent, 0.04 per cent lower than its last one, officials said, adding this is the tightest pricing for an issuance in recent times.

Indian benchmark indices rose on Monday, with the S&P BSE Sensex up 0.46% to 81,559 and the NSE Nifty50 above 24,900. Despite a weak short-term trend, a potential recovery is anticipated if Nifty surpasses 25,150, with immediate support at 24,750.

ETMarkets Livestream is hosting a masterclass on commodities with experts Gnanasekar Thiagarajan and Yeswant Rao on September 28. The event, from 10:30 am to 4 pm, will cover metals, energy, agriculture, and trading strategies, helping both commodity and equity traders

Indian markets ended higher on Monday, with the S&P BSE Sensex up over 370 points and Nifty50 maintaining 24,900 levels. Gains were seen in consumer durables, banks, and FMCG, while sectors like PSU and energy saw declines.

Tracking gold, silver prices also plummeted Rs 2,000 to Rs 83,800 per kilogram on Monday on subdued offtake from industrial units and coin makers, according to the All India Sarafa Association.

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