GiftNifty indicates a significant gap-up opening.
Laxmi Dental’s IPO bidding closed on January 15, achieving a significant subscription rate of 114.42 times, indicating strong investor demand.
* Investors can check the IPO allotment status online through designated platforms, with direct links provided for convenience.
The Nifty 50 is experiencing a temporary relief rally, with immediate resistance at 23,350 and support at 23,050, indicating a cautious market outlook amid bearish momentum indicators.
* The Bank Nifty is also in a counter-trend bounce, with potential resistance at 49,500 and support at 48,000, suggesting traders should look for selling opportunities on rallies.
* Rel Ind Infra reported net sales of Rs 12.36 crore in December 2024, reflecting a 17.3% decline year-on-year from Rs 14.95 crore in December 2023.
* Quarterly net profit decreased by 8.63% to Rs 2.48 crore, while EBITDA fell 29.75% to Rs 3.33 crore compared to the previous year.
Krishana Phosch reported net sales of Rs 304.03 crore in December 2024, marking a 32.05% increase year-on-year from Rs 230.24 crore in December 2023.
Brent crude and U.S. West Texas Intermediate crude prices rose due to a significant decline in U.S. crude oil stockpiles, marking the longest decline since July 2021.
