indian stock market

SIS India Debuts with 5% Gains at Rs 855

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indian share market tipsSecurity & Intelligence Services (SIS India) opened its debut trade at Rs 855 on the NSE, up 4.9% over its issue price of Rs 815. Since the issue clocked a subscription of 7 times, which projects the listing is in the expected lines.

In the pre-opening, SIS India stock settled at Rs 879.80, higher by 8% from its issue price. The company has raised Rs 780 crore through IPO that was opened for subscription between July 31 – August 2 with the price band for the issue at Rs 805 to Rs. 815 share apiece. The IPO consisted of fresh issue of equity shares of up to Rs 362.25 crore and an OFS of up to 51.2 lakh shares intended to be diluted by investors/promoters.

The SIS India provides security services across India and Australia in diverse platform.

Indian Rupee Extends Winning Streak at 67.34 per Dollar

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1456913254-6867The Indian Rupee is marginally higher by 3 paise on Friday at 67.34 per dollar versus its previous close of 67.37 per dollar, after the US currency saw higher selling by exporters and banks amidst foreign fund inflows. In the spot currency market, the Indian unit was last seen trading at 67.39. On 2nd February, the rupee had surged by 10 paise to close at a nearly 2-month high of 67.37.
US stocks closed mostly lower on 2 Feb 2017, as concerns about U.S President’s approach on foreign affairs amidst dispute with key allies and trade partners cast an indecision over the market. Overseas, Asian stocks were typically lower since investors await the conclusion of a key US monthly jobs report that will set the tone for the Fed Reserve’s policy outlook.
The RBI reference rate as on February 2, for the dollar stood at 67.44 while for the Euro it was 72.79. Meantime, domestic barometer indices were trading lower post morning tracking weakness in other Asian stocks. At 11:35 am, the barometer index, the BSE Sensex, was down 43.15 points at 28,183. The Nifty 50 index was currently down 14 points at 8,720.