Latest Stock Market News

CIFC with its conservative management, comfortable liquidity position, and diversified portfolio mix is well-placed to ride on the expected demand recovery.

After hitting the major support third time at Rs 20 levels in March 2020 (1st time in the 31.12.08 quarter and 2nd time in the 30.09.13 quarter), the stock witnessed its 1st leg of up move with a swing high in place at Rs 73.70 levels.

Solana, a cryptocurrency token praised by FTX founder Bankman-Fried, fell 10.36% on Thursday and is down 94.2% for the year. The collapse of FTX has affected the liquidity of firms with connections to the once-major crypto exchange, including Solana. While the token has a limited connection to FTX but has been negatively impacted by its association with Bankman-Fried.

Promoters held 55.85 per cent stake in the company as of 30-Sep-2022, while FIIs owned 16.07 per cent, DIIs 14.3 per cent.

Measures for Indonesia, India and Singapore are closing on Brazil’s Ibovespa Index, which has climbed 5.2% in local currency terms, according to data of major stock benchmarks compiled by Bloomberg.

Investors are now looking ahead to US weekly initial jobless claims data due to be released later in the day. "Jobless data will be important. If it shows an increase in claims, then it should weaken dollar and support gold," said Ajay Kedia, director at Kedia Commodities told Reuters.

"When we look at alpha generation, we have always had a blended strategy where we can operate in the listed markets or in the private markets. We are finding all the alpha generating opportunities much more in the private markets in the last 18 months in spite of the fact that even in the private market there are some bubbles."

The Relative Strength Index of the stock stood at 36.91 on Thursday.

Proceeds from the IPO will be used to set up a new manufacturing facility, repay or prepay certain borrowings, fund working capital requirements, and for general corporate purposes. Pantomath Capital Advisors is the merchant banker for the IPO, whereas Link Intime India Private Ltd is the registrar for the public offer.

A total of 10,360 shares changed hands on the counter till time (IST).