From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs. Of the world’s 20 largest stock markets, 14 have hit all-time highs recently. The MSCI ACWI Index, which tracks developed and emerging markets, has been on a record-breaking run, setting another new high on Friday. In the US, the S&P 500 and Nasdaq 100 indexes hit record high.
Open Flip
After a busy last week, the primary market is all set for a breather. Only two new initial public offerings (IPO) will open for subscription in the upcoming week amid ongoing general elections.In addition to the new issues, D-Street will witness up to eight listings, including Go Digit General Insurance, which recently opened for subscription and garnered substantial investor enthusiasm.
Open Flip
The National Company Law Tribunal (NCLT) has allowed IL&FS arm IL&FS Transportation Networks to offload its shares in Moradabad Bareilly Expressway to the Roadstar Infra Investment Trust (InvIT). The two-member bench, comprising Justice Prabhat Kumar and Justice V G Bisht, in an order approved the transfer of 3,21,40,691 equity shares, which represents the balance shareholding of 14.5%.
Open Flip
