The dollar edged towards its highest level this year against a basket of peers and U.S. share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.The dollar gained over 0.5% on Tuesday on all six currencies that make up the dollar index, leaving the gauge at 106.49.
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The primary market remained abuzz last month with a slew of initial public offerings (IPO) hitting the Street despite the volatility in the Indian stock market. A total of 24 companies have raised more than ₹18,000 crore from IPOs in 2024 so far. The SME segment also witnessed 77 IPOs last month.The IPO frenzy is expected to continue with several scheduled IPOs in May.
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The stock is up by 70 per cent from its 52-week low of Rs 458.75 per share and gave multibagger returns of over 800 per cent in a decade. KEC International Ltd, a leading infrastructure EPC company belonging to the RPG Group, has secured new orders worth a total of Rs 1,036 crore across its different business sectors. The T&D (Transmission & Distribution) division secured contracts for projects.
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