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IT stock gains 620% in 3 years, record date fixed for share buyback of ₹35 Cr
Small-cap firm SoftSol India Ltd operates in the IT industry and has a market worth of ₹268.40 Cr.
Small-cap firm SoftSol India Ltd operates in the IT industry and has a market worth of ₹268.40 Cr. With its corporate headquarters in Silicon Valley, California, SoftSol is a specialist IT services company that was established in 1993. On November 14, 2022, the company approved a share buyback of ₹35 Cr at a price of ₹170 per share. The company’s Board of Directors has declared the record date for assessing shareholders’ eligibility for the same.
Gold rate today: On account of ease in dollar index and rising Covid-19 cases, gold price continue to rally on eights week in a row. Gold future contract for February 2023 ended at ₹54,561 per 10 gm on MCX (Multi Commodity Exchange), clocking weekly gain of ₹236 per 10 gm. In international market, spot gold price finished at $1,797 per ounce, around $5 per ounce higher from its last Friday close.
₹8 trillion investor wealth wiped out as covid fears resurface
₹8 trillion investor wealth wiped out as covid fears resurface
Indices see biggest drop in three months, wiping out ₹8.33 trillion of investor wealth, driven by concerns about more aggressive rate hikes by the US Federal Reserve
Indian benchmark indices saw their biggest drop in three months, wiping out ₹8.33 trillion of investor wealth, driven by concerns about more aggressive rate hikes by the US Federal Reserve and the resurgence of covid cases in China and other parts of the world.
Nearly 100 public offerings in 2023?
Here’s how experts see IPO market performing next year.
As many as 24 IPOs in 2017 so far have raised around Rs30,682.40 crore. In the coming year 2023, the robust traction in IPO is expected to continue driven by domestic retail and institutional capital. Experts also have factored that close to 100 public offerings are likely to be launched in 2023.
A little over a week is all we have left of the year 2022! Although IPO markets witnessed lacklustre demand in the first few months of 2022, however, it picked up momentum in the second half. Many would like to agree that 2022 was one bittersweet year where markets witnessed a sharp correction and even touched new milestones. But broadly, Indian markets were volatile due to inflationary pressure, economic growth risks, geopolitical tensions, and rising interest rates trend among others. However, in the coming year 2023, the robust traction in IPO is expected to continue driven by domestic retail and institutional capital. Experts also have factored that close to 100 public offerings are likely to be launched in 2023.
FPIs stay as net buyers during Indian stocks worst week in 6 months, inflows rise to ₹11,557 cr so far in Dec
Benchmarks have tumbled by over 2% each in the current week from December 19 to 23rd.
The NSDL data showed that FPIs have pumped in around ₹1,002 crore in the current week. Their investments in Indian stocks rise to ₹11,557 crore so far in the current month.
This week, Indian markets witnessed the biggest fall in six months. Sensex is below the 61,000 mark and Nifty 50 has even erased 17,900 levels. Both benchmarks have tumbled by over 2% each in the current week from December 19 to 23rd. However, despite steep selloffs in markets, foreign portfolio investors (FPIs) have stayed as net buyers. The NSDL data showed that FPIs have pumped in around ₹1,002 crore in the current week. Their investments in Indian stocks rise to ₹11,557 crore so far in the current month.
As per the NSDL data, in December, by end of Friday, FPIs inflow stood at ₹11,557 crore in the equities. This is higher by ₹1,002 crore from the inflow of ₹10,555 crore that stood by end of December 16th.
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