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Page 9 - லக்ஷ்மி ஆர்க்யாநிக் தொழில்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Positive bias seen at open, but FPIs to hold key - The Hindu BusinessLine

Positive bias seen at open, but FPIs to hold key March 16, 2021 Foreign portfolio investors have turned cautious on the back of firm US bond yields Thanks to positive global cues, Indian stock markets are expected to open with modest gains on Tuesday. However, the market is likely to move in a narrow range in the early part of the day, said analysts. The SGX Nifty futures are at 15,002 points, a gain of about 0.25 per cent, over Monday’s close. Foreign portfolio investors have turned cautious on the back of firm US bond yields. The Federal Open Market Committee is due to meet on March 16 and 17. FPIs will take investment calls after the outcome of the key FOMC meet.

Laxmi Organic Industries initial public offering (IPO) Opens Today Here Are Things To Know

The shares of the speciality chemical manufacturer are likely to be listed on March 25 Laxmi Organic Industries Rs 600 crore initial public offering (IPO) will open for bidding today and will close on March 17. The company has fixed the price band at Rs 129-130 per share and expects to raise Rs 600 crore at the higher end of the price band. The shares of the speciality chemical manufacturer are likely to be listed on the bourses on March 25. Laxmi Organic Industries primary market offering comprises a fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore by the promoter group, Yellowstone Trust. Bids can be placed for a minimum 115 equity shares and in multiples of 115 equity shares, extending up to 13 lots.

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