Wed, Sep 11, 2024 3:40 PM
How Expensive Are the "Magnificent Seven" Stocks Right Now?
A Flip by Avya Verma
Traders are harking back on 1995, when Alan Greenspan led the Federal Reserve in pulling off a rare soft landing, for a playbook on trading the first interest-rate cut in four years. Like nearly three decades ago, bonds and stocks are rallying ahead of a critical Fed meeting. But this time, the central question for Chair Jerome Powell is which approach- reducing rates by 25 basis points or 50 bps.
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The KRN Heat Exchanger and Refrigeration IPO will open for subscription on September 25, 2024, and will close on September 27, 2024. Bidding for anchor investors is scheduled for September 24, 2024. The company has not yet announced the price band for the issue. According to the Red Herring Prospectus (RHP), the proposed IPO consists entirely of a fresh issuance of 1.55 crore equity shares,.
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SBI Mutual Fund on Tuesday increased its stake in building materials company Nuvoco Vistas Corporation by acquiring nearly 3 per cent stake for over Rs 158 crore through an open market transaction. According to the block deal data on the National Stock Exchange (NSE), SBI Mutual Fund (SBI MF) purchased 45 lakh shares, or 1.26 per cent stake, in Nuvoco Vistas Corporation.
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