The market is expected to remain cautious and continue consolidating in the upcoming sessions. Below are some short-term trading ideas to consider….Read More
The US Food and Drug Administration (USFDA) conducted a Good Manufacturing Practices (GMP) inspection of company’s Halol facility in Gujarat, during June 2-13. At the conclusion of the inspection, the US FDA issued a Form-483, with 8 observations.
Additionally, the Board has appointed Kirti Ganorkar as the company’s Managing Director, for five years, effective September 1, 2025. Dilip Shanghvi will continue as the Executive Chairman of the company’s board.
The shares of Sacheerome are going to list on SME platform on June 16.
Mumbai-based Waterways Leisure Tourism that operates business under Cordelia Cruises brand plans to tap capital markets as it has filed preliminary papers with the SEBI to raise up to Rs 727 crore via initial public offering (IPO).
The IPO will consist of solely fresh issue with no offer-for-sale component. Hence, the entire issue proceeds will be received by the company.
The domestic ocean cruise operator will utilise Rs 552.5 crore out of IPO proceeds for payment towards deposit/ advanced lease rental and monthly lease payments to step-down subsidiary, Baycruise Shipping and Leasing (IFSC) for acquisition of vessels on lease. And the remaining funds will be utilised for general corporate purposes.
According to experts, if the Nifty 50 decisively breaks last Friday’s low of 24,473, the level to watch will be 24,370. However, climbing above 24,850 could open the door to the 25,000–25,200 zone….Read More
The dollar firmed against major currencies on Monday, driven by safe-haven buying from investors fearing the Israel-Iran fighting could escalate into a broader regional conflict as they braced for a week packed with central bank meetings.
As both Iran and Israel showed no signs of backing off from their attacks, the prospect that Tehran might seek to choke off the Strait of Hormuz – the world’s most important gateway for oil shipping – raised broader economic risks from disruptions in the energy rich Middle East.
Scheduled weekend talks between Iran and the United States on Tehran’s nuclear programme were also shelved after Israel launched its surprise attack on Friday.
On Monday, the dollar rose 0.14% to 144.3 Japanese yen, while the euro was 0.14% lower at $1.1534.
In early Asia hours, the greenback was steady against the Swiss franc at 0.81, while an index that measures the dollar against six others was steady at 98.25.
Wall Street ended sharply lower on Friday after Iran launched missiles at Israel in response to intensive Israeli strikes aimed at crippling Tehran’s ability to build nuclear weapons.
The S&P 500 declined 1.13% to end the session at 5,976.97 points.
The Nasdaq declined 1.30% to 19,406.83 points, while the Dow Jones Industrial Average declined 1.79% to 42,197.79 points.
Arisinfra Solutions, which provides construction materials to real estate and infrastructure developers and contractors, will be the only IPO in the mainboard segment, opening next week for three days on June 20, with price band of Rs 210-222 per share. …Read More
Oil prices climbed on Monday, extending Friday’s rally, as renewed strikes by Israel and Iran over the weekend increased concerns that the battle could widen across the region and significantly disrupt oil exports from the Middle East.
Brent crude futures rose $1.12, or 1.5%, to $75.35 a barrel, while U.S. West Texas Intermediate crude futures gained $1.10, or 1.5%, to $74.08. They had surged more than $4 earlier in the session.
Both benchmarks settled 7% higher on Friday, having surged more than 13% during the session to their highest levels since January.
The Nifty slipped sharply, breaching the 21-EMA—a key short-term moving average. However, it found support near the recent consolidation lows, leading to a strong intraday recovery.
Going forward, the recovery could gain traction if the Nifty sustains above the 24,700 level. On the upside, the index may move towards 25,000 in the short term. Conversely, a decisive fall below 24,700 could trigger renewed bearish bets in the market.
A decisive fall below 24,450 could drive the Nifty 50 down to 24,370—the upper end of the gap-up opening on May 12. On the upside, immediate resistance is placed at the 24,850–24,900 levels, followed by 25,000, according to experts….Read More
Asian markets were trading mostly higher on Monday, as investors assessed escalating Israel-Iran tensions, while awaiting a slew of data from China.