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IndiaMart IPO set to hit market on June 24, price band at Rs 970-973

Wednesday, June 19, 2019, 4:14 PM

IndiaMart InterMesh, the country's biggest online B2B marketplace for business products, is going to hit the capital markets with an initial public offering on June 24. The company will offer around 48.88 lakh shares of face value of Rs 10 each in the price band of Rs 970-973 per share. The issue will close on June 26.
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Sensex Ends Volatile Session Higher Led By HDFC, Kotak Bank

Wednesday, June 19, 2019, 4:10 PM

The S&P BSE Sensex and the NSE Nifty 50 Indexes ended today's volatile session marginally higher led by gains in HDFC, Kotak Mahindra Bank, HDFC Bank and Tata Steel. The benchmarks witnessed heightened volatility and the Sensex dropped as much as 555 points from intraday high of 39,435.80 and the NSE Nifty 50 Index fell below important level of 11,950.
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In India, all eyes on a monsoon that is critical for the economy

Wednesday, June 19, 2019, 4:05 PM

India's monsoon has progressed more slowly than usual after hitting the southern state of Kerala nearly a week late. Monsoon rains have been 44% lower-than-average so far in June, delaying the sowing of summer-sown crops and raising concerns that parts of the country could face a worsening drought. This shortfall could have a major impact on consumer demand, the overall economy and financial markets.

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