Wed, Mar 22, 2023 11:40 AM
Disappointing debutants! 10 of 11 recent IPOs trade below issue price
A Flip by Gaurav
Gold prices steadied on Wednesday, as the dollar levelled with bets for an interest rate cut by the Federal Reserve in the first half of 2024, ahead of key U.S. jobs data this week that could offer more clarity on the central bank's rate path. FUNDAMENTALS * Spot gold edged up 0.1% at $2,020.39 per ounce by 0204 GMT, trading in a tight range of about $5. * U.S. gold futures for February.
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Nifty futures at GIFT Nifty were trading 0.12% higher at 21,025 around 7.05 am, indicating a positive start for the stock markets on Wednesday. Here are the top stocks that are likely to be in focus today: Honasa ConsumerVenture Capital Fund Fireside Venture Investments has sold partial stake in Mamaearth parent Honasa Consumer through bulk deals on Tuesday.
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The benchmark Sensex and Nifty indices are likely to open flat on December 6 as trends in the GIFT Nifty indicate a muted start for the broader index with a gain of 10 points. The record rally continued on the second day as the market extended its winning run on the sixth straight session on December 5 with the Nifty closing comfortably above 20,800. At close, the Sensex was up 431.02 points.
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