Thu, Feb 1, 2024 12:55 PM
Budget 2024: EV stocks rally over 6% after govt's announcement!
A Flip by Avya Verma
Anurag Singh predicts a 20% correction in the Nifty 500 index, citing overvaluation driven by domestic liquidity, and expects it to fall to 18,000-19,000 levels. He believes the Nifty 50 is fairly valued, and remains optimistic about India's broader market potential, calling it the best game in town outside of the US.
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Transrail Lighting continues to garner robust public subscription on final day of bidding on Mon, Dec 23. The ₹839 cr issue received 23.12 times subscription so far today, driven by heavy participation from retail and NIIs. The initial share sale by Transrail Lighting received bids for 32.17 cr shares as against 1.39 cr shares on offer, data available with the NSE showed.
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The Indian data centre industry's capacity is set to more than double to 2-2.3 GW by fiscal 2027, Crisil Ratings asserted on Monday, attributing to increased digitalisation in the economy. Enterprises are increasingly investing in cloud storage. Further, according to the rating agency, the rising penetration of GenAI is expected to drive the demand over the medium term.
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