Wed, Nov 6, 2024 12:49 PM
Nifty, Sensex hold firm in green as traders bet on Trump victory
A Flip by Shubhangi Gupta
Subscriptions for Acme Solar Holdings’ initial public offering (IPO) are now available. Investors will have until November 8 to place bids on the issue. The IPO would consist of an offer for sale (OFS) by the selling shareholders for Rs 505 crore and new equity shares at Rs 2,395 crore, for a total IPO value of Rs 2,900 crore. As of 2:37 pm, Retail investors led the charge subscribing to 96%.
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S&P 500 futures touched a record high in sharp and broad-based rally on Wednesday after Republican Donald Trump claimed victory in the U.S. presidential election. Fox News projected that he had defeated Democrat candidate Kamala Harris. At 3:35 a.m. ET, Dow E-minis were up 986 points, or 2.33%, U.S. S&P 500 E-minis were up 117.25 points, or 2.02%.
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Economists at the country's largest lender SBI said they see Q2 real GDP growth slowing down further to 6.5 percent in the September quarter of this fiscal year. Amid concerns over the country's economic growth rate and if it is slowing down, the analysts said on November 6 they expect FY25 growth to come "closer to" 7 percent.
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