ISSUE NO: 17
ONGC,
SEP-OCT
&
L&T.
The Nifty50 reclaimed its crucial
level of 8,800 supported by gains
in realty, power, metal, consumer
durables, capital goods, and auto
stocks.
: The 30-share index was trading
153 points higher or 0.54 per cent
at 28,446. It touched a high of
28,475.57
The domestic equity indices are
likely to track global cues today, as
crude oil prices rallied in overnight
trade after OPEC members agreed
to cut output by 70,000 bpd in a
bid
to
boost
prices.
This was the first output freeze by
the Opec members since 2008. The
move was unexpected, given the
differences between Iran and Saudi
Arabia.
Meanwhile, some volatility is
likely ahead of the expiry of
September series futures and
options contracts later in the day.
Indian companies have raised Rs
17,283 crore through initial public
offerings in the first half of the
current fiscal, making it the highest
fund mobilization in nine years,
says
a
report.
13 | P a g e
"We are now starting to see even
larger size IPOs hitting the market.
On an overall basis too, pipeline
looks
promising," Prime
Database Managing
Director
Pranav
Haldea
said.
At present, 16 companies planning
to raise Rs 5,745 crore already
have Sebi's approval and another
five firms intending to mop up Rs
6,810 crore are awaiting clearance
from the regulator, he added.
According to the report by Prime
Database, as many as 56 firms
collectively mopped up Rs 17,283
crore through IPOs during the
April-September period of 201617.
This was the highest fund raising
since first ha