Choice Equity News Today

Indian stock market benchmarks, Sensex and Nifty 50, trade cautiously as Lok Sabha election 2024 outcome nears. Volatility persists in May. Experts do not expect major correction till election outcome on June 4.

Unlisted shares of Ramdevbaba Solvent Ltd are trading Rs 20 higher in the grey market, expecting a 23.53 per cent listing gain from the public issue, Ramdevbaba Solvent IPO Allotment Today: Check Latest GMP, Listing Date

Bharti Hexacom IPO: Several analysts have assigned a subscribe rating to the issue owing to reasonable valuation and strong parentage. However, high debt and volatile financial performance in the past few years are key concerns.

Midcap stocks to buy: The midcap space may remain volatile in the near term. Nevertheless, several experts believe there are plenty of stock-specific opportunities in the midcap space.

On Monday, Niftys Midcap 100 index fell 2.5% - its biggest single-day fall since January 23, and the Small Cap 100 index slumped 4% - its biggest fall in a day since September 12 last year. The Nifty Microcap 250 declined 3.9%. The Sensex and Nifty shed 0.7-0.8% each Monday. On Friday, the small-cap and mid-cap indices fell between 2% and 3%.

Bloomberg proposes to include India FAR government securities in the Bloomberg EM Local Currency Index, which will ensure flows into the Indian markets. Interest rate cuts may be announced in the US, potentially leading to a fall in the Dollar index. FDI inflows in India have been increasing, reaching $85 billion in FY 2021-2022. The Indian governments pro-growth policies and the China-plus-one doctrine are expected to further boost FDI. Investors should consider adding duration funds to their f...

Medi Assist IPO: The price band for the issue, which will close on January 17, has been fixed at Rs 397-418 per share

Happy Forgings plans to utilise the net proceeds from the fresh issue for the acquisition of equipment, repay debt, and general corporate purposes

Innova Captab IPO: Ahead of the debut, the pharmaceutical company mobilised Rs 171 crore from several anchor investors

India Shelter Finance IPO : Analysts at Choice and GEPL have assigned a subscribe rating to the Rs 1,200 crore issue