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The Relative Strength Index of the stock stood at 52.89 on Friday.

The Rs 16-crore IPO of Trident Techlabs was subscribed over 700 times at close. The retail category of the issue breached 1000 times subscription, while the NII portion came close at 854 times subscription. The QIB part was the least subscribed, but still received over 100 times bids.

Steel Authority of India’s (SAIL) stock has given a horizontal trendline breakout on the daily scale. This breakout was accompanied by robust trading volume, signalling substantial market enthusiasm.

The public offer received tremendous response from investors with total subscription at 262 times at close. The retail portion of the IPO was subscribed 264 times and the NII part was booked 489 times. Meanwhile, the category reserved for QIBs was subscribed 89 times.

The IPO was completely a fresh equity issue of up to 21.6 lakh equity shares, aggregating to Rs 14.04 crore.2024 Stock Picks: These 5 counters can light up your portfolio in the new year

To create a sustained growth story from hereon, Kotak said unless we avoid tax arbitrage in debt and unless debt markets grow it will be a one-legged race. "The current gap on the highest marginal tax rate between debt and equity of 39% and 10% is perhaps too wide," he pointed out, while also recommending that the government must relook at double taxation on dividends.

A total of 7,584 shares changed hands on the counter till 10:50AM (IST).

The stock hit a record high of Rs 1314 on 21st November 2023, but it failed to hold on to the momentum.

The Aussie had dipped to $0.6828, from a top of $0.6871. It was up 3.4% for the month, and 7.5% higher since the start of November. The rally has left the currency a shade firmer for the year, and saved it from a low of $0.6271.

The RBI has warned that 34 NBFCs may face stress in extreme liquidity conditions if they face negative cumulative mismatch in liquidity over the next year. The top 50 NBFCs have seen a shift towards longer-term funding sources and a decrease in short-term borrowing, with 76% of bonds having a residual maturity of up to five years in September 2023.