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Vodafone Idea’s share price fell by 14% on Friday, hitting a low of Rs 12.91 from the previous day’s close of Rs 15.09. This drop followed a target price of Rs 2.5 set by global brokerage firm Goldman Sachs, which also indicated a potential downside of up to 83%. Additionally, Continue Reading

Boss Packaging Solutions, criticized for its shabby office, saw its shares debut at a 25% premium on the NSE SME platform. The IPO aimed to raise Rs 8 crore but received bids over Rs 1,000 crore. The company plans to use the proceeds for machinery purchase and working capital.

Shares of Indigo Paints fell by 5.7% to a low of Rs 1,452.10 on the BSE during early trading today. This decline followed a block deal estimated at Rs 179.2 crore, representing 2.5% of the company’s equity, at a price of Rs 1,493 per share. Reportedly, 1.2 crore shares were Continue Reading

Baazar Style Retail Share Price: Baazar Style Retail, backed by Rekha Jhunjhunwala, debuted on the BSE at Rs 389. The IPO received a strong response with nearly 41 times subscription. The company plans to use the proceeds for debt clearance and corporate purposes. Baazar Style is a leading value fashion Continue Reading

We looked at the capital expenditure by both the central and state governments, which was partly affected by the parliamentary election. However, on a seasonally adjusted sequential basis, the momentum was still positive.

Stocks, bonds, and major currencies remained stable as traders awaited US jobs data that could influence the Federal Reserve’s rate cut decision. Asian markets showed minimal movement, with Japan fluctuating and Australia steady. The nonfarm payroll report is expected to provide insights into the US labor market’s health.

Stocks in news: Domestic markets ended slightly lower on Thursday amid ongoing consolidation. Key stocks in focus include Indigo Paints, Nucleus Software, Venus Pipes, Adani Enterprises, and Godfrey Phillips due to various developments. Notable updates include stake sales, early public issue closures, buybacks, distribution agreements, and legal proceedings.

Bajaj Housing Finance plans to raise Rs 6,560 crore via a share issue and offer for sale. Promoter Bajaj Finance will reduce its stake from 100% to 88.7%. BHFL, a fast-growing mortgage lender with robust financials, seeks to leverage increasing mortgage demand.

On Thursday, Nifty ended slightly lower, forming a small red candle and closing 53.60 points down at 25,145. The short-term trend remains choppy, with key support at 25,000-24,900 and immediate resistance at 25,300, according to Nagaraj Shetti of HDFC Securities.

Adani Enterprises’ Rs 400 crore debenture issue, launched on Wednesday, saw a 221% oversubscription on its second day, driven by strong retail interest. The non-convertible debentures offer annual yields between 9.25% and 9.90%, closing on September 17. The issue will help repay existing debt and fund general corporate purposes.