Harsha Engineers IPO opens today. Should you subscribe?
Most analysts are positive about the issue thanks to the diverse product portfolio and strong expertise of Harsha Engineers. They advise investors to apply for the IPO.
Nifty, Sensex sharply off day’s lowBenchmark indices Nifty 50 and Sensex saw a sharp recovery from opening lows but still remained in the negative territory. The recovery from the lows of the day was in contrast to other Asian markets, which continued to weaken on fears of more aggressive interest rate hikes by the US Federal Reserve.Indian stocks opened sharply lower at opening bell after August inflation data in the US came in higher than Wall Street’s expectations stoking concerns of tighter monetary policy. At 10:22 am, the Nifty 50 and Sensex were down 0.9 percent each after falling nearly 2 percent earlier in the session. Nifty is above the 17,900 mark.
Fertiliser stocks drop 2-3 percent
Union Minister of Chemicals and Fertilizers Mansukh Mandaviya said the government will not allow companies to raise prices of crop nutrients during the winter season. The Minister was speaking on the sidelines of an international dairy summit and added that there is no shortage of fertilisers in the country. Rashtriya Chemicals and Fertilisers fell 2.5 percent, National Fertilisers lost 2.2 percent, Chambal Fertilisers dropped 2.1 percent and Coromandel International shed 3.2 percent.
Bank of Japan conducts rate check in apparent preparation for currency intervention: Nikkei
Ambuja Cements up 3 percentThe company will consider a proposal for raising of funds by way of issue of equity shares or any other means on Sept 16
Gold Prices Today: Yellow metal to lose shine on Fed rate hike fears after soaring US inflation
Tapan Patel, Senior Analyst (Commodities), HDFC Securities expects gold prices to trade sideways to down for the day with COMEX Spot gold support at $1680 and resistance at $1720 per ounce. MCX Gold…
Ami Organics gains 2 percent after Plutus Wealth Management acquires additional stake in coPlutus Wealth Management LLP acquired additional 9,53,420 shares or 2.6 percent stake in the company, and Small Cap World Fund Inc bought fresh 15,96,540 shares or 4.38 percent stake in the firm at an average price of Rs 1,037.25 per share. Promoter Shital Nareshbhai Patel and Parul Chetankumar Vaghasia sold three lakh shares each at same price, while investors Virendra Nath Mishra and Kiranben Girishbhai Chovatia sold three lakh shares and 10 lakh shares respectively at the same price.
Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel One
We reiterate that one can continue to remain bullish and focus more on stock-specific movements, which are likely to provide better trading opportunities. Strong support for Nifty at 17,800 – 17,700 levels. On the flip side, 18,000 – 18,100 will be seen as immediate resistance.
Bajaj Holdings gains 1 percent after company announces interim dividend of Rs 110
Check out the most active shares in NSE opening session
KEC International rises after new order winThe company has secured new orders of Rs 1,108 crore across its various businesses including transmission & distribution and railways. The transmission & distribution business has secured orders for T&D and cabling projects in India, Middle East and Africa.
Nifty FMCG jumps into green led by ITC, Tata Consumer Products and Marico
