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Tracxn Technologies IPO shares witnessed positive listing on the both BSE and NSE as the stock listed at a premium amid a weak market. Tracxn share price was up 5% on debut despite muted IPO response. The stock opened at Rs 83 on the BSE, against the issue price of Rs 80, and at Rs 84.50 on NSE. The company’s market capitalization on BSE stood at Rs 832.57 crore at the time of listing. Tracxn Read More

The rupee plunged 61 paise to decline below the 83-mark for the first time against the US dollar on Wednesday amid unabated foreign capital outflows and a strong dollar in the overseas markets. Besides, rising crude prices in the international markets and risk-averse sentiment among investors weighed on the local currency, traders said. At the interbank foreign exchange market, the local currency opened strong at 82.32 but later pared gains to settle at an all-time Read More

A merchant banker cannot carry on any business other than those pertaining to the securities market, according to the capital markets regulator Sebi. Providing informal guidance in this regard to PNB Investment Services, an arm of Punjab National Bank (PNB), the Securities and Exchange Board of India (Sebi) indicated that its views might differ on a case-to-case basis. The clarification came after PNB Investment Services, which is registered as a merchant banker, sought informal guidance Read More

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, and Lucknow: The price of petrol and diesel remained unchanged on 17 October 2022 (Monday), keeping costs steady for around four months now. Delhi’s petrol and diesel rates are Rs 96.72 and Rs 89.62 per liter, respectively. In Mumbai, petrol is retailing at Rs 106.31 per liter and diesel at Rs 94.27 per liter. The last country-wide change in fuel prices came on 21 May Read More

The gold market has been overwhelmed by the relentless strength of the dollar during September and the start of October. Gold breached $1700 this October and is currently trading at $1668. Yesterday with year-on-year US inflation coming higher than expected, we saw a knee-jerk reaction where gold witnessed a sharp selloff. The reason was anticipation that Fed will continue to push rates higher to bring inflation under control. But gold along with equity assets reversed Read More