Indian stock market
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Jio Platforms IPO Makes History: 1 Crore Applications and a 21% Premium
Jio Platforms IPO listing makes history with a 21.36% premium, a ₹30,200 crore issue and a ₹12.5 lakh crore market capitalisation, putting the company ahead of Bharti Airtel.
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Nifty 50 Falls Below 23,800 as Crude Shock Bites
Nifty 50 slipped below 23,800 on September 8 as elevated crude prices and US-Iran tensions pressured Indian equities, while defence stocks gained attention after a ₹1.10 lakh crore procurement push.
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India Widens LNG Sources to 15 Countries as Markets Feel Crude Pressure due to WAR
India has widened its LNG sourcing base from six to 15 countries and crude oil sources from 27 to 41 as geopolitical risks continue to threaten energy supply routes. The move comes as Indian markets closed almost flat on Monday, with crude prices and West Asia uncertainty offsetting strong earnings and softer US jobs data.
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SBI Funds Management IPO Tests Investor Appetite for Premium Financial Stocks
SBI Funds Management isn’t building the next big thing. It already manages one of the biggest pools of investor money in India. That’s a very different investment story. The business is asset-light, highly profitable and backed by two respected financial institutions, SBI and Amundi.
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Elitecon International Share Price Jumps 5% Amid Bullish Market Mood
Elitecon International share price locked in the 5% upper circuit as the Indian stock market rallied. The move comes despite regulatory scrutiny, resignations, and a massive GST notice hanging over the company.