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Here are the top stories to start your day.
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⭐ Dharmaj Crop Guard debuts today
Shares of agrochemical company Dharmaj Crop Guard is expected to list on the bourses on 8 December. The company’s IPO was subscribed over 35 times. The company has raised ₹251 crore through the IPO that was priced at ₹237 per share.
⭐ Lodha’s QIP issue
Macrotech Developers, part of Lodha Group, has launched its qualified institutional placement (QIP) issue to raise ₹3500 crore. The company has set a floor price of ₹1,022.7 per share. QIP is a process by which listed companies raise capital without having to submit legal paperwork to market regulators.
⭐India’s steel export declines
India’s finished steel exports declined by 55% year-on-year to 4.3 million tonnes between April to November in FY23. Demand slowdown due to global uncertainty as well as government decision to impose export duty on steel products impacted exports. However, the government had rolled back the hefty export duties in November.
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.08% |
| Nikkei 225 (Japan) | ▼ 0.74% |
| Hang Seng (Hong Kong) | ▲ 1.95% |
| SSE Composite (China) | ▼ 2.99% |
| Dow Jones (US) (December 07) | ▲ 0.00% |
| NYSE (US) (December 07) | ▲ 0.12% |
| Nasdaq (US) (December 07) | ▼ 0.51% |
| S&P 500 (US) (December 07) | ▼ 0.19% |
Fact of the day
As per Google’s annual search list, the Indian Premier League was the top search across all the categories in India for 2022.
Source: MoneyControl