Mon, Feb 5, 2024 1:43 PM
Sensex, Nifty open flat as losses in bank stocks weigh
A Flip by Avya Verma
JSW Steel share price rebounded from intraday low after company released Q3FY25 update. Production of the Consolidated entity increased 4% sequentially and was up 2% on the year on year basis. The JSW Steel share price opened at ₹890.80 on the BSE on Friday, almost flat compared to previous closing price of ₹890.70.
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Fabtech Technologies shares debuted on the BSE SME platform at Rs 161.50, a 90% premium over its IPO price, following a robust subscription demand of over 700 times to its Rs 27.74 crore issue. The company's market valuation stands at Rs 198.96 crore, with IPO proceeds to be used for working capital and acquiring Kelvin Air Conditioning shares.
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Gold February futures contracts at MCX opened slightly higher on Friday at Rs 78,311/10 gram, which is up by 0.27% or Rs 207 while silver March futures contracts inched higher to open at Rs 92,160/kg, up by nearly 0.5% or Rs 449.Gold prices increased by Rs 1,560/10 grams in January so far while silver prices fell by Rs 4,930/kg in the same period.
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