27th Jan 2022
The FED statement by Jerome Powell maintained status quo on rates in its 26-January FED meet. But that was hardly the focus. Markets were looking at guidance and the guidance came out crisp and clear from the US FED. The first rate hikes wi
In last one week, we have seen a decent correction in the market where Nifty has corrected from the high of 18350 to sub-17000 zone. The index recovered from the lows in Tuesday’s session and ended at 17277. Open Interest Analysis -
The anchor issue of Adani Wilmar Ltd saw a robust response on 25-January 2022 and the announcement was made late on Tuesday. The IPO opens on 27-January 2022 in the price band of Rs.218 to Rs.230 and shall remain open for 3 days and close on 31-Janua
26th Jan 2022
The proposed merger deal between Zee and Sony could run into rough weather and the bone of contention is the non-compete fee that Sony will pay to Zee promoters. It is likely that the banks who have lent to the Essel group companies could insist that
India’s closest competitor to Zomato, has become a Decacorn. If a Unicorn is a digital company with a valuation of $1 billion then Decacorn has a valuation of $10 billion or Rs.75,000 crore. Swiggy joins the handful of Decacorns in India with its l
Between 18-January 2022 and 24-January 2022, the Sensex fell by nearly 4,000 points. However, this 6.7 fall in the Sensex was dwarfed by the 12.3 fall in the BSE IPO index during these 5 trading sessions. In fact, on Monday alone, the BSE IPO index
25th Jan 2022
Vedant Fashions Ltd, has announced the dates for the proposed IPO. The IPO of Vedant Fashions, which will be entirely by way of an offer for sale and will open for subscription on 04th February 2022. Seven Interesting Facts to k
The Rs.680 crore IPO of AGS Transact Technologies, consisting entirely of Rs.680 crore by way of Offer for Sale (OFS), was subscribed 7.79X overall at the close of bidding on 21 January 2022. The basis of allotment will be finalized on 27 January 202
24th Jan 2022
Brent Crude has been hovering between $87/bbl and $88/bbl in the last couple of days after scaling above the $88/bbl mark. Clearly, there is a lot of bullishness in oil and that is clearly coming from tight oil supplies. The latest update is that the
In a new twist to the Amazon / Future Retail stand-off, the former has written to all the independent directors of Future Retail reiterating the commitment of Samara Capital to invest Rs.7,000 crore in Future Retail. Amazon has written to Gagan Singh
One of India’s leading players in the digital payments, digital wallets and BNPL (buy now pay later) segment, has announced that it would be doubling its revenues for the financial year ending March 2022. In the last 4 years, the company has consis
One of India’s largest and most comprehensive retailer of ethnic brands, Fabindia, has filed its draft red herring prospectus (DRHP) with SEBI for its proposed IPO. The IPO will comprise of a fresh issue of Rs.500 crore and an offer for sale of 250
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