Sun, Nov 17, 2024 1:34 PM
Factors to likely impact stock markets this week
A Flip by Shubhangi Gupta
State-owned NTPC Green Energy Limited’s initial public offering (IPO) is scheduled to open for public bidding on Tuesday, November 19 and close on Friday, November 22. The renewable energy firm’s IPO will have its anchor round of investing on Monday, November 18. NTPC Green Energy aims to raise nearly ₹10,000 crore through this book-built offer of a fresh issue of 92.59 crore shares.
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Tata Motors expects passenger vehicle retail sales to maintain growth momentum in the ongoing quarter driven by year-end demand, with a focus on new model launches and marketing campaigns. The automaker saw a 32% year-on-year increase in PV retail sales in October, and aims to reach 70% electric vehicle penetration in the next two financial years.
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Gold prices have experienced a significant decline of around 6% since Diwali, driven by a stronger dollar and concerns over US inflation data. The price of 24-carat gold per 10 grams, which was Rs 80,710 on November 1, fell to Rs 74,031 at the last closing. This sharp correction reflects the ongoing global economic pressures impacting commodity markets.
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