ICICI Securities Slips 16.3% Below IPO Price On Stock Market Debut

Ashok Leyland stock crash

Gold Silver Reports (GSR) – ICICI Securities Slips 16.3% Below IPO Price On Stock Market Debut — The country’s largest broker had reduced its initial public offering size to Rs 3,500 crore from the initial planned Rs 4,017 crore after shares set aside for high net-worth and retail investors received an underwhelming response.                                              

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ICICI Securities Makes Weak Stock Market Debut

Gold Silver Reports (GSR) – ICICI Securities Makes Weak Stock Market Debut – ICICI Securities listed at a discount of 17 percent at Rs 431 per share on the BSE, compared to its issue price of Rs 520. The stock recovered from its discovery price low and was trading at Rs 455, down 12.5 percent from its issue price.

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Tata Motors Rises On Strong March Domestic Sales

Gold Silver Reports (GSR) – Tata Motors Rises On Strong March Domestic Sales — Shares of the Mumbai-based car and commercial vehicle maker rose as much as 4.18 percent, the most in nearly five months, to Rs 357.70 after its domestic sales in March rose 35 percent to 69,440 units compared with 51,309 units sold a year earlier.                                     

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U.S. Tariff List Aims at Technology ; China Vows It Will Respond

Gold Silver Reports (GSR) – U.S. Tariff List Aims at Technology; China Vows It Will Respond — “This level is appropriate both in light of the estimated harm to the U.S. economy, and to obtain elimination of China’s harmful acts, policies, and practices,” the U.S. Trade Representative’s office said in a report on Tuesday. The U.S. is targeting the 1,300 product lines to try to force China to change its intellectual property practices, the office said.

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