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News18
13 minutes ago
- News18
Following the GST Rejig, Indian Markets Opened In Green. Sensex surged 900 points
Following the GST Rejig, Indian Markets Opened In Green. Sensex surged 900 points | News18 Last Updated: India Videos | Following the GST rejig, Indian markets opened in green. Sensex surged 900 points, while Nifty gained 300 points.n18oc_indiaNews18 Mobile App -
The Hindu
13 minutes ago
- The Hindu
Rupee rises 20 paise to 87.39 against U.S. dollar in early trade
The rupee edged higher by 20 paise to 87.39 against the U.S. dollar in early trade on Monday (August 18, 2025), amid a positive trend in domestic equities. Forex traders said the uncertainty over the trade tariffs issue between India and the U.S. is likely to keep market participants cautious. At the interbank foreign exchange market, the rupee opened at 87.46 against the U.S. dollar, then touched 87.39, registering a gain of 20 paise over its previous close. On Thursday, the rupee settled for the day at 87.59 against the U.S. dollar. The forex and equity markets were closed on Friday on account of Independence Day. The Indian rupee opened a tad higher at 87.45 on the GST reforms that PM Modi recommended in his 15th August address to the nation, said Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP. "The range would be between 87.30 to 87.75 for the day, but as stocks rise with Gift Nifty up by 340 points, we expect the rupee to rise further during the day," Bhansali added. Meanwhile, Brent crude prices fell 0.06% to $65.81 per barrel in futures trade. Brent oil prices were at $65 per barrel and were lower on easing Russia supply concerns as the U.S. did not exert more pressure on Russia to end the Ukraine war, and also did not put any measures to disrupt Russian oil exports after the meeting on August 15, he said. Investors will monitor FED Reserve Chief comments at Jackson Hole this week for clues on the path of interest rate cuts in its next meeting in September, Bhansali added. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.01 per cent to 97.86. On the domestic equity market front, Sensex jumped 1,021.93 points to 81,619.59 in early trade, while the Nifty surged 322.2 points to 24,953.50. Foreign Institutional Investors offloaded equities worth ₹1,926.76 crore on Thursday, according to exchange data.
Mint
13 minutes ago
- Mint
Vikram Solar IPO opens tomorrow. GMP, review, date, price, other details in 10 points about upcoming IPO
Vikram Solar IPO: The initial public offering (IPO) of Vikram Solar Limited is set to hit the Indian primary market on 19 August 2025. Vikram Solar IPO subscription date will begin on 19 August 2025 and remain open until 21 August 2025. One of India's largest solar photovoltaic module makers has declared the Vikram Solar IPO price band at ₹ 315 to ₹ 332 per equity share. The public issue is proposed for listing on the NSE and the BSE. The upcoming IPO aims to raise ₹ 2,079.37 crore, of which ₹ 1,500 crore is aimed through the issuance of fresh shares. The remaining ₹ 579.37 crore is reserved for the offer for sale (OFS) route. Meanwhile, Vikram Solar shares are available in the grey market. According to market observers, the company's shares are trading at a premium of ₹ 63 in the grey market today. This means Vikram Solar IPO GMP today is ₹ 63, which signals a listing gain of around 19% against its upper price band. 1] Vikram Solar IPO GMP today: According to market observers, shares of the company are trading at a premium of ₹ 63 in the grey market today. 2] Vikram Solar IPO date: The public issue will open on 19 August 2025 and remain open until 21 August 2025. 3] Vikram Solar IPO price: India's largest solar photovoltaic module maker has declared a price band of ₹ 315 to ₹ 332 apiece. 4] Vikram Solar IPO size: The company aims to raise ₹ 2,079.37 crore, of which ₹ 1,500 crore will be raised through the issuance of fresh shares. The rest, ₹ 579.37 crore, is reserved for the offer for sale (OFS) route. 5] Vikram Solar IPO lot size: Bidders can apply in lots, and one lot of the public offer will comprise 45 company shares. 6] Vikram Solar IPO allotment date: The most likely date for share allotment is 22 August 2025. 7] Vikram Solar IPO registrar: MUFG Intime India Private Limited has appointed this public issue's official registrar. 8] Vikram Solar IPO Lead Managers: JM Financial, Nuvama Wealth Management, UBS Securities India, Equiras Capital, and Philip Capital India have been appointed lead managers of Vikram Solar IPO. 9] Vikram Solar IPO listing date: The most likely date for share allotment is 25 August 2025. 10] Vikram Solar IPO review: The net proceeds of the public issue have been proposed to be used for partial funding of capital expenditures for phase-I project funding, phase-II project funding, and general corporate purposes. The market capitalisation of the Vikram Solar IPO is ₹ 12009.01 crore. As of 31 March 2025, the company's ROE stood around 16.55%, PAT margins were slightly over 4%, and EBITDA margins were around 14.35%. The price-to-book value of the company was near 8.50%. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
