Monthly Archives: July 2024

Bansal Wire Industries, a steel wire products manufacturer, exceeded expectations with a robust debut on the stock exchanges. It opened at ₹356 per share—a notable 39.4 per cent increase from its issue price of ₹256. This impressive performance eclipsed the pre-listing anticipation.

Infosys has announced a strategic five-year collaboration with Sector Alarm, one of Europe’s leading providers in security, who are partially owned by global investment firm KKR, to transform its core enterprise business systems on the cloud. Through this collaboration, Infosys will work closely with Sector Alarm to migrate its disparate, on-premises Enterprise Resource Planning (ERP) platform onto Microsoft Dynamics 365 Finance and Operations (F&O), helping them modernise its financial and business operating models.

Domestic markets are expected to remain volatile during the election season, said analysts. TCS will be the first major company to unveil quarterly results on Thursday. Gift Nifty at 24,400 signals a marginal gain for Nifty futures at open. On Wednesday, Nifty futures closed at 24,355. Besides, the focus has now shifted to the upcoming Budget, scheduled on July 23.

State Bank of India has raised ₹10,000 crore at a coupon rate of 7.36 per cent through its sixth infrastructure bond issuance. The issue attracted an enthusiastic response from investors with bids in excess of ₹18,145 crore and was oversubscribed by around 3.6 times against the base issue size of ₹5,000 crore.

Equity benchmark indices rebounded in early trade on Thursday amid a rally in global markets and continuous foreign fund inflows.

Asian stocks rallied to record peaks on Thursday while sterling edged to a four-month high on strong growth figures, as traders counted down to US data that is expected to show inflation easing and pave the way for rate cuts as soon as September.

Japan on Wednesday issued a new version of banknotes using 3D hologram technology to combat counterfeiting

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The largest U.S. banks, which have outperformed the market this year, were once again put on the brakes by investors because their financial reports failed to impress them.

Popular Chinese concept stocks had mixed gains on Friday, with the Nasdaq China Golden Dragon Index (HXC) closing up 0.6%