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Saturday, 16 September 2017

Free Stock market tips; The Stock Watch out

The Indian stock market ended the week on a positive note, as the benchmark Nifty50 gained 150 points on weekly basis. Markets have resumed its upswing since it inched closer to all-time high levels. Mid-caps and Small caps outperformed the major indices in the market during the week.

Initial Public Offers (IPO) were the focus of the last week as there were three IPOs hit the markets namely ICICI Lombard General Insurance, Capacit’e Infra-projects and opened for subscription and were well received. The US dollar weakened against major currencies on Friday, dragged down by a surprising fall in US retail sales in August that once again dimmed hopes for an interest rate increase in December.

To look ahead, Dixon Technologies is set to list in the next week, ICICI Lombard will close in the same week. SBI Life IPO is also set to launch on Sept 20. Further, SBI Life Insurance Company is coming up with an IPO of up to 12 crore shares through an OFS by SBI and BNP Paribas Cardif of up to 8 crore shares and up to 4 crore shares. The IPO opens on 20 Sept and closes on 22 Sept 2017. The IPOs price band has been fixed at Rs 685 -700 per share.


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