TOP HEADLINES TODAY - US markets, Power Grid, Siemens, Bata, Cadila Q1FY22 results, Chemplast Sanmar, Aptus IPO, Gold, Silver - things you must know
In the IPO segment, two public issues opened on Tuesday. Chemplast Sanmar was subscribes 16 per cent on the first day while Aptus Value Housing Finance was subscribed 24 per cent. Zee Business Managing Editor Anil Singhvi has advised investors to avoid Chemplast Sanmar IPO while invest in Aptus Value Housing only with a long term view
In a big boost to the US markets, the US Senate has approved a USD 1 trillion infrastructure package. As a result of this Dow and S&P made new redcords on Tuesday. Dow jumped 160 points. However, Nasdaq fell by 70 points on Tuesday.
SGX Nifty ended flat on Tuesday at 16275. Meanwhile, Dow Futures ended 30 points down from the Monday closing price on Tuesday. Nikkei gained almost 125 points.
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After gaining almost 2.5 per cent, crude oil settled above USD 70 on Tuesday. Meanwhile, Gold settled at USD 1727 while Silver ended near USD 23 almost flat on Tuesday.
In the Q1FY22 earnings results segment, Power Grid and Siemens posted weak results while Lupin and Trent posted mixed results.
In the Futures & Options (F&O) markets, four companies will announce their quarterly results including Bata, Cadila Healthcare, Cummins and Pidilite Industries.
In the IPO segment, two public issues opened on Tuesday. Chemplast Sanmar was subscribes 16 per cent on the first day while Aptus Value Housing Finance was subscribed 24 per cent. Zee Business Managing Editor Anil Singhvi has advised investors to avoid Chemplast Sanmar IPO while invest in Aptus Value Housing only with a long term view.
The IPOs of CarTrade Tech and Nuvoco Vistas Corporation Limited will end today. The Market Guru had advised investors with high risk appetite to only put money in CarTrade Tech IPO. As for Nuvoco Vista, short term investors must avoid this issue. Long term investors can apply for the shares, he had said.
Now it will cost the banks if their ATMs do not have cash. The Reserve Bank of India will impose a penalty on Banks from 1 October.
Investors should watch out for this space as Zee Business will tell you a SIP stock for bumper gains at 9:20 am, soon after the market opening time.
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As the country is celebrating its independence, Zee Business will also give useful tips to achieve financial freedom. Watch exclusive chat between Anil Singhvi and Navneet Munot.
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