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Latest Stock Market News

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The San Mateo, California-based firm joins a slew of listings from the software and technology sector. Most such debuts have seen strong interest from market participants who expect the companies to benefit from the shift to hybrid work following the pandemic.

Pre-IPO bout to value PharmEasy at $6 billion

Updated at : 2021-09-14 08:20:01

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Talks on with Amansa, Blackstone, OrbiMed and others as e-pharmacy eyes IPO at $7-8 billion valuation.

Ami Organics and Vijaya Diagnostics will make their Dalal Street debut today. Both issues were open for subscription during September 1-3.

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HCL Technologies has signed a multi-year contract with biotechnology firm Genmab to support its IT infrastructure operations globally, it said, without disclosing the deal value.

Mining major Coal India Ltd might raise prices of the dry fuel by at least 10-11 per cent to mitigate the impact of increased costs and an impending wage revision, sources close to the development said. The Kolkata-headquartered company had last hiked coal prices in 2018.

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The shares were bought back at a volume weighted average price of Rs 1,648.53 per equity share, according to a public notice.

The company has decided to allocate 51,35,162 equity shares to anchor investors at Rs 744 apiece, valuing the transaction to Rs 382.05 crore, according to a circular uploaded on the BSE website on Monday.

Benchmark paper regains "most liquid" tag

Updated at : 2021-09-14 00:20:01

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Benchmark 10-year government bonds yet again became the most traded fixed-income security on Monday for the first time this fiscal after the central bank appeared to be giving up its resistance for higher yields.

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Hindustan Times today bought 20 million times at Rs. 19.22 apiece through a bulk deal on the National Stock Exchange.

From a technical perspective, the market has been consolidating for the last five sessions in a row. We expect this resilient show to continue. The 17,450-17,500 zone is now a crucial area to watch; any sustainable bounce shall occur only above this zone.

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