22 December 2022, 16:45 PM
Sula Vineyards shares settle nearly 8% lower
Shares of Sula Vineyards on Thursday made a tepid market debut and ended nearly 8 per cent lower against the issue price of Rs 357. The stock was listed at Rs 358, marginally higher by 0.27 per cent from the issue price on the BSE. During the day, it hit a high of Rs 363.40 and low of Rs 328.60. Shares of the company finally ended at Rs 331.15 apiece, a decline of 7.24 per cent. On the NSE, it made its debut at Rs 361, climbing 1.12 per cent. The stock settled at Rs 329.90 per share, lower by 7.59 per cent.
22 December 2022, 16:45 PM
Gold gains Rs 59; silver declines Rs 194
Gold price rose Rs 59 to Rs 55,241 per 10 grams in the national capital on Thursday amid gains in precious metal in overseas markets, according to HDFC Securities. In the previous trade, the yellow metal had touched Rs 55,182 per 10 grams. Silver, however, slipped Rs 194 to Rs 69,413 per kilogram.
22 December 2022, 15:49 PM
Markets close in the red
Sensex declines 241.02 points to end at 60,826.22; Nifty slips 71.75 points to 18,127.35.
22 December 2022, 15:48 PM
Rupee appreciates
Rupee gains 8 paise to close at 82.76 (provisional) against the US dollar.
22 December 2022, 14:32 PM
Silver futures decline to Rs 69,159 per kg
Silver futures fell by Rs 550 to Rs 69,159 per kilogram as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for March delivery declined by Rs 550 or 0.79 per cent to Rs 69,159 per kg in a business turnover of 22,686 lots. Globally, silver was trading 0.80 per cent lower at USD 24 per ounce in New York.
22 December 2022, 12:57 PM
Arvind Panagariya cautions against cutting trade ties with China
Former Niti Aayog Vice Chairman Arvind Panagariya has opined that cutting trade with Beijing at this juncture would amount to sacrificing India's potential economic growth. Instead, Panagariya suggested that India should try to enter into free trade agreements (FTA) with countries such as the UK and the European Union to expand its trade.
22 December 2022, 12:53 PM
NFRA invites applications for posts of executive director, CGM, others
The National Financial Reporting Authority (NFRA) is looking to hire people for various managerial positions on a short-term contractual basis. The watchdog has invited applications for the posts of Executive Director, CGM (Chief General Manager), GM (General Manager), DGM (Deputy General Manager), AGM (Assistant General Manager), Manager and Assistant Manager, according to a public notice.
22 December 2022, 12:53 PM
Maruti Suzuki signs 5-year pact with Kamarajar port for PV exports
Maruti Suzuki India Ltd signed a five-year pact with Kamarajar Port Ltd for export of its passenger vehicles to international markets. Under the agreement starting December 2022, Kamarajar Port will be used for exports to Africa, Middle East, Latin America, ASEAN, Oceania and SAARC regions by the company, Maruti Suzuki India Ltd (MSIL) said in a statement. The port will be used to export around 20,000 cars annually. A car-cum-general cargo berth has been developed and commissioned by Kamarajar Port Ltd for handling automobile units, it added.
22 December 2022, 11:09 AM
Healthcare shares gain on renewed covid fears
Thyrocare Technologies Ltd, Vijaya Diagnostic Centre Ltd, Panacea Biotec Ltd , Morepen Laboratories Ltd, Nectar Lifescience Ltd were the top gainers among the components of the S&P BSE Healthcare index.
22 December 2022, 10:25 AM
As against the experts prediction on a flat listing, shares of Sula Vineyards Ltd debuted with a slight premium. On NSE, Sula listed at 361 apiece while on BSE it listed at 358 apiece. Sula IPO price band had a range of 340-357 per share.
22 December 2022, 10:24 AM
NSE Bell rung for listing ceremony of Sula Vineyards Limited
The NSE Bell has rung in the celebration of the listing ceremony of Sula Vineyards Limited on the Exchange today! #NSE #Listing #IPOListing #NSEIndia #StockMarket #ShareMarket #SulaVineyardsLimited @AshishChauhan pic.twitter.com/ejHlxr6qyu
— NSE India (@NSEIndia) December 22, 2022
22 December 2022, 09:39 AM
Oil prices rise over $2/barrel
Oil prices rose by more than $2 a barrel on Wednesday after data showed a larger-than-expected draw in U.S. crude stockpiles, but gains were capped by a snowstorm that is expected to hit U.S. travel. Brent crude futures for February delivery were up by $2.21, or 2.76%, at $82.20 a barrel, while U.S. West Texas Intermediate (WTI) crude futures gained $2.06, or 2.7%, to $78.29, said a Reuters report.
22 December 2022, 09:32 AM
Rupee trades in green
Rupee rises by 10 paise to 82.74 against US dollar in opening trade.
22 December 2022, 09:13 AM
Reliance Retail Ventures acquires Metro Cash-Carry India for Rs 2,850 crore
Reliance Retail Ventures, a subsidiary of Reliance Industries, on Thursday signed definitive agreements to acquire 100 per cent equity stake in Metro Cash and Carry India for a total cash consideration of Rs 2,850 crore, subject to closing adjustments.The transaction is subject to certain regulatory and other customary closing conditions and is expected to complete by March 2023, Reliance Retail said.
22 December 2022, 08:31 AM
Sula Vineyards to make stock market debut today
Sula Vineyards is all set to make its stock market debut on Thursday. The issue, with a price band of 340-357 per share, will list on BSE and NSE in a special pre open session. Meanwhile experts are predicting that it would most likely see a flat listing.
The initial public offer of Sula Vineyards got subscribed 2.33 times on the last day of offer on December 14. The Rs 960.35-crore initial share-sale received bids for 4,38,36,912 shares against 1,88,30,372 shares on offer, according to NSE data. The category for Qualified Institutional Buyers (QIBs) got subscribed 4.13 times, Retail Individual Investors (RIIs) portion received 1.65 times subscription and non-institutional investors 1.51 times.
