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Indo Farm Equipment shares are set to debut on the exchanges with a 36% expected listing premium. The IPO received overwhelming response, with an oversubscription rate of 227.67 times. Analysts recommend profit booking for conservative investors and holding for long-term investors, considering the company's strong market presence and expansion plans.
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Wall Street's indexes saw gains on Monday, driven by semiconductor stock rallies and a report suggesting a less aggressive tariff approach by the Trump administration. The Dow climbed 67 points, S&P 500 rose by 41 points, and Nasdaq increased by 243 points. Chipmakers surged with Nvidia, AMD, and Micron leading gains, thanks to Microsoft's AI investment and Foxconn's strong earnings.
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Since the sell-off began in the last week of September, key indices have fallen 10-11% led by one of the highest-ever selling sprees by foreigners in this period. The study showed that outflows are about 0.2% of the average market capitalisation in this period.
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News and Media
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