Business & Investment

Market: Sensex collects 400 points. Anand Rathi Wealth IPO subscribed 44%

11:00 am

Live Market Updates: With the rise of HDFC (up 3.3%), HDFC Bank, RIL and Infosys, the BSE Headline Index rose 389 points, quoted at the 58.067 level. The index reached a high of 58,133 earlier today.

On the other hand, Nifty50 rose 115 points to 17,282.

The other top gains in the index were Powergrid, Sunpharma, BPCL, Krasim, IOC, Titan, and Asian Paint.

In the lot PowerGrid Corporation A strong project pipeline provided the company with revenue visibility for a couple of years, rising 4% in BSE on Thursday to a record high of 214.80 rupees. read more

In the wider market, Vodafone ideas (VIL) rose 6% on Thursday’s daytime trading BSE to Rs 13.40, rising for the second straight day and rising 21% in the last two days against the backdrop of heavy trading. read more

What’s new in the primary market
Star Health and Allied Insurance

: Ace investor Rakesh Junjunwara-backed company issues have so far been 22% subscribed on the last day. The retail portion is 95% subscribed.

Tega Industries: The IPO is subscribed 6 times and the retail portion is 10 times more subscribed. 5.3x NII; and QIB is 7%.

Anand Rathi Wealth:This issue has so far been 41% subscribed to on the first day of the issue.

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10 am

Live Market Updates: The recovery of bank counters has raised the benchmark index to the highest level of the day in morning trading.

The BSE Sensex was 58,017, up 331 points (0.58%). NS The index also rose 95 points to exceed the 17,250 mark.

The MidCap index is below the benchmark and the BSE index is up only 0.3%. The SmallCap index is inline with the large cap peer.

Share JMC project For example, (India) raised BSE by 17% to 106.80 rupees in intraday trading on Thursday after the company announced that it had secured new domestic orders worth 1,795 rupees. read more

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Opening bell

Live market updates: Thursday’s Indian stocks began to rise amid a mix of global clues. NS Today’s session started at level 57,818 and rose 133 points or 0.2%. NS The open was 17,210, up 43 points.

M & M (up more than 2%), HDFC, Power Grid, Titan, and Sun Pharma were leading the list of Sensex index winners. Conversely, L & T (down 0.8%), ICICI Bank, Nestle India, Axis Bank and SBI were trading in the red.

In the broader market, the BSE MidCap and SmallCap indexes rose 0.29% and 0.22%, respectively.

In individual stocks NDTV After the company signed a rupee-equivalent, exclusive 10-year deal with Taboola, a global leader in strengthening content recommendations on the open web, the stake was locked in a 5% high-end circuit.

Raymond Despite the company’s board of directors approving the listing of JK Files & Engineering Ltd (JKFEL), a subsidiary that operates the auto parts business, it was trading flat with a positive bias.

Hero MotoCorp Meanwhile, after the company reported November sales of 349,393 units, down 40.9% year-on-year, November 2020 sales were 591,091 units, while stock prices fell 0.5%.

By sector, Nifty Metal and Bank indices fell 0.5% and 0.2%, respectively. On the positive side, the Nifty Auto and Pharma indexes rose 0.7% and 0.8%, respectively.

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Pre-open session

What’s new in the live market: The Benchmark Index was trading with a positive bias in the pre-opening session. BSE Sensex rose 96 points at the 57,781 level at 9:07 am, At 17,183, it increased by 16 points.

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(Updated at 8:18 am)

Live Market Updates: With no domestic triggers, investors will be hooked on Thursday’s global clues to trading.

Equities in the Asia-Pacific region were looking for directions as concerns over the economic impact of the Omicron Covid variant continued to weigh on investor sentiment.

Hong Kong’s Hang Seng Index rose 0.18%, reversing previous losses. Mainland China stocks also recovered from their previous decline, with Shanghai Composite up 0.12% and Shenzhen component up 0.178%.

Elsewhere, Japan’s Nikkei 225 fell 1%, while the Tokyo Stock Price Index fell 0.7%. South Korea’s Kospi rose 0.7%.

Wall Street inventories reversed sharply overnight after the Centers for Disease Control and Prevention confirmed the first case of Omicron in the United States.

The Dow Jones Industrial Average fell 1.34%, while the S & P 500 fell 1.18%. The Nasdaq Composite fell 1.83%.

The SGX Nifty was 17,146 at 8:10 am, compared to Wednesday’s 17,167 Nifty spot close.

Primary market

The Star Health and Allied Insurance Company IPO is having a hard time winning bids. The offering was 20% subscribed on Wednesday at the end of the second day of the offering period.

However, the Tega Industries IPO was subscribed 4.7 times at the end of the first day. The retail part was subscribed 7.5 times and the Wealth Investor Quarter was subscribed 4.2 times.

Anand Rathi Wealth, Wealth Management Division of Anand Rathi Financial Services, will go public on Thursday. The price range of the offer is fixed at 530-550 rupees per share and the company aims to mobilize 660 rupees.

Market: Sensex collects 400 points. Anand Rathi Wealth IPO subscribed 44% Market: Sensex collects 400 points. Anand Rathi Wealth IPO subscribed 44%

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