Stock Market Actions Today: Global cues, Barbeque Nation IPO and more; Know latest updates on cryptocurrency draft Bill, petrol and diesel rates and gold, silver prices
Stock Market Today: In another big development related to buzzing IPO market, Barbeque Nation preferential issue has been granted approval by market regulator SEBI
In top development that would drive the share market today, Dow and S&P witnessed record highs for the fifth straight day by closing at fresh highs. Dow ended the day after gaining 120 points while Nasdaq witnessed minor correction. SGX Nifty remained flat at 16,550, while Dow Futures lost around 75 points. Meanwhile amid high volatility in commodity market, global crude rate slipped below $70, while gold appreciated 250 points to reach near 47,200 and silver crossed 63,500 by gaining 300 points.
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In similar development, Finance Minister Nirmala Sitharaman expressed unwillingness in curbing petrol and diesel rates and said huge bond yield during the UPA government is not letting the present government to slash fuel rates.
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The finance minister also said draft Bill of Cryptocurrency has been made and soon the bill is likely to get cabinet approval.
In another big development related to buzzing IPO market, Barbeque Nation preferential issue has been granted approval by market regulator SEBI and exchanges are also expected now to give a go ahead to the issue, as per Zee Business report.
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