Monday's trading session in India ended on a relatively subdued note, marking the first day of trading in the new year. While the benchmark Sensex and Nifty 50 indices eked out marginal gains, the broader midcap and smallcap segments witnessed a more robust upswing.
The Hong Kong stock exchange's IPO ranking slumped to a dismal 8th in 2023, with fundraising down to a mere USD 5.9 billion from only 68 listings.
This surge in Vodafone Idea's shares following a 20% jump on Friday, has ignited hope among investors eagerly awaiting clarity on the company's crucial fundraising plans.
The blue-chip Nifty 50 dipped 0.08% to settle at 21,714.15 points, while the S&P BSE Sensex closed 0.15% lower at 72,132.72. The drag came primarily from high-weightage sectors like financials (-0.25%) and information technology (-0.25%), reflecting profit-booking after their strong run in 2023.
While overall exports continued their three-month upward trend, the pace of growth slowed significantly, highlighting underlying vulnerabilities in the world's fourth-largest economy.
The epicentre of this crisis lies in the paddy fields. El Niño, the capricious dance of ocean currents, has brought with it relentless dry spells, scorching crops and shrinking yields
Regulators, acting like chess masters, have orchestrated "at least two dozen cases" where coordinated, market-specific interventions were deployed to counter yuan depreciation.
While Christmas kept markets closed on Monday, the remaining days proved fruitful for investors in companies like Reliance Industries, HDFC Bank, ICICI Bank, Hindustan Unilever, Bharti Airtel, ITC, SBI, and LIC.
This move, announced by the Finance Ministry on December 30th, 2023, aims to both discourage vaping and bolster state coffers, sending ripples through the industry and sparking debate amidst a haze of health and economic considerations.
Investors closely monitored the performance of key players, witnessing notable gains and losses among prominent companies.
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