10:25 A.M.
Supriya Lifescience’s ₹700-crore IPO
Supriya Lifescience Ltd, a manufacturer of active pharmaceutical ingredients, will open its ₹700-crore initial public offering (IPO) on December 16 with a price band of ₹265-274 per share. The bidding for anchor investors will open on December 15.
The three-day IPO comprises fresh issue of equity shares worth ₹200 crore and an offer-for-sale of up to ₹500 crore by its promoter. Investors can bid for a minimum of 54 equity shares and in multiples of thereafter.
10:09 A.M.
China’s SenseTime to withdraw $767 million IPO
Chinese start-up SenseTime will withdraw its $767 million Hong Kong initial public offering and update its prospectus after it was placed on a U.S. investment blacklist on Friday by the Biden Administration.
9:44 A.M.
Oil prices rises
Oil prices rose, extending gains from last Friday, helped by growing optimism that the Omicron variant’s impact could be limited on global economic growth and fuel demand.
Brent futures gained 0.7%, to $75.68 a barrel, while U.S. WTI added 1.0%, to $72.36 per barrel. Both benchmarks posted gains of about 8% last week, their first weekly gain in seven.
9:21 A.M.
Indian indices open higher
Indian indices opened higher amid positive global cues and advanced in early trade. At 9:20 A.M., the Sensex was up 378.85 or 0.64% to 59,165.52, while Nifty rose to 17,637.40, up 126.10 or 0.72%.
On Friday, the 30-share index ended 20.46 points or 0.03% lower at 58,786.67. Similarly, the NSE Nifty dipped 5.55 points or 0.03% to 17,511.30.
Domestic macroeconomic data announcements and the US Federal Reserve’s interest rate decision are the major events to drive sentiments in the equity market this week, according to analysts.
9:00 A.M.
Asian shares rise
Asian shares rose as investors seemed confident markets can weather whatever comes from several important central bank meetings this week, including the Federal Reserve, the European Central Bank, the Bank of England and the Bank of Japan.
MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.8%, after bouncing 1.7% last week. In Japan, Nikkei rose 0.91% while Topix gained 0.37%. Chinese stocks added 1.4% to last week’s 3.1% jump. South Korea’s Kospi was trading 0.61% higher.
In U.S., S&P 500 futures and Nasdaq futures were both up 0.4%.
—- Edited by John Xavier
(With inputs from Reuters, PTI and other news agencies.)
10:25 A.M.Supriya Lifescience’s ₹700-crore IPOSupriya Lifescience Ltd, a manufacturer of active pharmaceutical ingredients, will open its ₹700-crore initial public offering (IPO) on December 16 with a price band of ₹265-274 per share. The bidding for anchor investors will open on December 15.The three-day IPO comprises fresh issue of equity shares worth ₹200 crore and an offer-for-sale of up to ₹500 crore by its promoter. Investors can bid for a minimum of 54 equity shares and in multiples of thereafter.10:09 A.M.China’s SenseTime to withdraw $767 million IPOChinese start-up SenseTime will withdraw its $767 million Hong Kong initial public offering and update its prospectus after it was placed on a U.S. investment blacklist on Friday by the Biden Administration.9:44 A.M.Oil prices risesOil prices rose, extending gains from last Friday, helped by growing optimism that the Omicron variant’s impact could be limited on global economic growth and fuel demand.Brent futures gained 0.7%, to $75.68 a barrel, while U.S. WTI added 1.0%, to $72.36 per barrel. Both benchmarks posted gains of about 8% last week, their first weekly gain in seven.9:21 A.M.Indian indices open higherIndian indices opened higher amid positive global cues and advanced in early trade. At 9:20 A.M., the Sensex was up 378.85 or 0.64% to 59,165.52, while Nifty rose to 17,637.40, up 126.10 or 0.72%.On Friday, the 30-share index ended 20.46 points or 0.03% lower at 58,786.67. Similarly, the NSE Nifty dipped 5.55 points or 0.03% to 17,511.30.Domestic macroeconomic data announcements and the US Federal Reserve’s interest rate decision are the major events to drive sentiments in the equity market this week, according to analysts.9:00 A.M.Asian shares riseAsian shares rose as investors seemed confident markets can weather whatever comes from several important central bank meetings this week, including the Federal Reserve, the European Central Bank, the Bank of England and the Bank of Japan.MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.8%, after bouncing 1.7% last week. In Japan, Nikkei rose 0.91% while Topix gained 0.37%. Chinese stocks added 1.4% to last week’s 3.1% jump. South Korea’s Kospi was trading 0.61% higher.In U.S., S&P 500 futures and Nasdaq futures were both up 0.4%.—- Edited by John Xavier(With inputs from Reuters, PTI and other news agencies.)