LIC issue, volatility hit IPO plans of several companies

LIC issue, volatility hit IPO plans of several companies

Mumbai: LIC‘s upcoming mega public offer and an adverse market have forced several companies to defer their IPO plans. The state-owned insurer’s initial public offering, slated for March, is expected to suck out more than ₹70,000 crore from the primary market. Merchant banking sources said most companies that had received approval from the capital markets … Read more

MGI introduces automated sample preparation system for international markets – ET HealthWorld

mgi introduces automated sample preparation system for international markets

Dubai : MGI tech Co. Ltd. announced the launch of its automated sample preparation system MGISP-Smart 8 in the international markets at MEDLAB Middle East held at Dubai World Trade Center. The product which was first launched in China in October 2021 will now be available in international markets from April 2022. MGISP-Smart 8 is … Read more

Why Mark Mobius warns of ‘much much higher’ US yields

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By Abhishek Vishnoi Veteran investor Mark Mobius said the recent spike in US Treasury yields has room to run as market participants are underpricing inflation risks. The yields “can go much much higher,” Mobius said in an interview on Bloomberg Television, as investors won’t be buying treasuries if their yields are far below the rate … Read more

Markets likely to be choppy ahead

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Mumbai: Investors must brace for wild swings in the stock market as the unwinding of easy monetary policy and a surge in cases of the Omicron variant of Covid-19 have given bears the upper hand. The Nifty could see its strong support of 16,800 getting tested this week with foreign investors extending their selling spree … Read more

Dying Libor gives rise to risk-free rate benchmarks

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The London Interbank Offer Rate, commonly known as Libor, is the most widely used benchmark in many financial products ranging from loans to derivatives. Libor has suffered from manipulations and a lack of underlying transactions available to determine the benchmark. Regulators are pushing for Libor to be replaced with risk-free rates (RFR). RFRs are based … Read more

Dalal Street Week Ahead: Stay vigilant till Nifty finds a bottom

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Just like the previous one, this week also remained a relatively wide ranging one with NIFTY oscillating in a 707-point range before ending with modest gains. Over the past five days, the markets struggled hard to find and create a base for themselves. They staged a technical pullback and also moved above important levels as … Read more

Biggest gainers & losers of the day: SH Kelkar hits upper circuit, HG Infra bleeds

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New Delhi: Domestic equity markets settled lower on Tuesday, tracking a dull mood in the global markets as investors cautiously awaited the US inflation data. Selling pressure in private lenders also weighed on the market mood. The 30-share pack Sensex shed 112 points or 0.19 per cent to close at 60,433. Its broader peer NSE … Read more

FPIs ask regulator to relax IPO rules

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Mumbai: Big-ticket foreign portfolio investors (FPIs) have appealed to the capital market regulator to relax rules for initial public offerings (IPOs), said people with knowledge of the matter. The development comes as some of the biggest initial share sales are lined up to hit Indian markets in the coming months. In a series of closed-door … Read more

Is Nifty nearing the last phase of Dow Theory? Retail frenzy holds the clue

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This week Indian bourses shed some blood as bears tightened their grip. Valuations of numerous companies are bulging while fundamentals trail behind. Interestingly, in majority of the companies that steeply corrected recently in spite of any pessimistic event, FIIs and DIIs have trimmed their holdings in the past quarter. This behavior corresponds to the Dow … Read more