Alkali Metals - Another SELMCL, Resurgere in the making

Alkali Metals, the company is in the business of manufacturing a range of fine chemicals, based on related chemistry.The company had come out with a public issue of 25,50,000 equity shares of Rs 10 each, which was hardly subscribed 1.03 times.

It was listed today and closed at Rs 173. 4 on the NSE, at a huge premium of 68.35% to its issue price of Rs 103.The today issue size was jus 25 lakh shares but the total traded quantity was 1,06,70,652 shares and turnover was Rs 16855.36 lakh.

This is yet another case of operator driven ipo stock, like it happened in SELMCL, Resurgere and other stocks. So investors beware.

NSE Trading Holidays 2024

Trading holidays for the calendar year 2024. The National Stock Exchange of India (NSE) has notified trading holidays for the calendar year 2024 as below: Muhurat Trading: Timings of Muhurat Trading shall be notified subsequently.

What are Inverse ETFs?

We all know Mutual Funds, but what are inverse ETFs or Inverse Mutual Funds all about? They are a special type of funds in which the value goes up when the stock market comes down. They are nothing but "short funds" or ETFs - funds having short positions of the index or stocks. By investing in this fund investors/traders can take advantage of fall in the markets. The main objective of the such products is to provide investors with an alternative during market-decline and in the case where they cannot short sell the index. This type of fund is generally linked to the market index such as the Nifty 50 Total Returns Inverse Index. The value of such funds change similar to the traditional funds, on a daily basis, say if the index declines by 1 percent in a day, the fund value increases by 1 percent for that day. How does these funds benefit retail investors or traders? Many investors,rather traders, can make use of this type of fund as a hedge against market conditions.Hedg

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