Tesla shares have hit an all-time high, surging 69% since Donald Trump's election victory. The record-breaking rally has sparked speculation over whether the win by the real estate mogul had a bearing on the electric vehicle giant's performance and the Wall Street's bullish outlook.
A retail investor would require a minimum of Rs 14,787 to bid for one lot or 53 shares of the Mobikwik IPO. Similarly, for a maximum bid of under Rs 2,00,000, retail investors can apply for up to 13 lots, totaling 689 shares.
The Vishal Mega Mart IPO received a lukewarm response on its first day, with a subscription of 0.03 times by 10:47 AM. The IPO aims to raise Rs 8,000 crore through an offer for sale of 1,025,641,025 shares, with a price band of Rs 74-78 per share.
On the Nifty 50, 29 out of the 50 stocks in the benchmark indices were trading higher, with gains led by UltraTech Cement.
Gold prices have climbed Rs 10, with 24-carat gold trading at Rs 78,610 per 10 grams, while silver has risen Rs 100 to Rs 96,600 per kilogram. These increases come as global factors, including geopolitical tensions and expectations of a Federal Reserve rate cut.
The loan, which is anticipated to be syndicated to a wider market in early 2025, is currently being discussed by RIL with roughly six lenders.
On the other hand, the Nifty50 closed at 24,610.05, down by 8.95 points, or 0.05%, from the previous session. The index reached a high of 24,677.80 and a low of 24,510.65 during the trading day.
Whether in India’s dynamic retail market or the US’s corporate banking sector, these banks are looking for opportunities to deploy their capital into high-growth ventures.
This decline is largely attributed to the moderation of vegetable prices, which had soared earlier due to a combination of seasonal shortages and supply chain disruptions.
As of 1 PM, the BSE Sensex had dropped by 111.84 points, or 0.14%, to stand at 81,597. Meanwhile, the Nifty 50 was at 24,639, down by 38 points, or 0.16%.
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