The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
US President Donald Trump said on Saturday that Iran would "no longer exist" if the US were "forced" to resume the war. "United States aircraft just struck Iranian missile and drone storage locations, and coastal radar sites, for violating the Cease Fire Agreement, AGAIN!" Trump wrote on Truth Social.
Investors can bid for a minimum of 4,000 shares, requiring an investment of Rs 2.8 lakh at the upper end of the price band. Galactico Corporate Services is the book-running lead manager, while KFin Technologies is the registrar to the issue.
The company plans to utilise the proceeds for the acquisition of Falcon Yarns, funding the working capital requirements of Falcon Yarns and general corporate purposes.
The non-institutional investor (NII) portion was booked 2.49 times, while the qualified institutional buyer (QIB) segment attracted 1.23 times bids. The company had also raised Rs 6.78 crore from anchor investors ahead of the public issue.
The Rs 883 crore public issue was priced at Rs 152 per share and comprised a fresh issue of Rs 661 crore along with an offer for sale worth Rs 222 crore
Indian stock markets are showing cautious optimism, with the Nifty eyeing the 24,300-25,000 zone amid ongoing volatility. Analysts recommend selective trading and specific strategies like a moderately bullish Call Spread. Top stock picks include TVS Motor, Samvardhana Motherson International, Oberoi Realty, Aurobindo Pharma, Vijaya Diagnostic Centre, and Mahindra & Mahindra Financial Services, each presenting unique buying opportunities with defined targets and stop losses.
Indian markets showed volatility, ending nearly flat despite positive signals. Analysts note Nifty faces resistance from key moving averages, with a decisive close above 24,200 crucial for further gains. Several companies like Waaree Energies, Kotak Bank, and Tata Motors are in focus due to significant developments, including US investigations, strategic partnerships, and EV expansion plans.
Major stock markets in China, India, and Hong Kong are lagging in the global AI race, with top companies now holding a smaller market share. This contrasts with Taiwan and South Korea, where AI leaders have significantly boosted their benchmarks. While diversification can offer stability, the absence of dominant AI players in these Asian markets is hindering their performance, prompting investors to seek clearer AI associations.
Overseas investors significantly reduced their selling of Indian equities in June, with outflows nearing December 2025 lows. Easing crude oil prices and receding geopolitical tensions, particularly following an initial US-Iran agreement, improved market sentiment. While foreign portfolio investors have been net sellers year-to-date, domestic investors continue their strong buying streak, providing a crucial support to the market.
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