Shares of Life Insurance Corporation of India (LIC) made a muted debut as India’s biggest initial public offering (IPO) listed on stock exchanges on Tuesday despite being subscribed 2.95 times. LIC’s shares were listed on stock exchanges at Rs 865 per equity share on BSE, a discount of 9 per cent against…
LIC’s initial public offering (IPO) has received a nod from market regulator the Securities and Exchange Board of India (Sebi). The approval was granted within 22 days of filing draft red herring prospectus (DRHP) by the country’s largest insurer, Sebi, according to a Business Today report. IPO approvals…
Indian shares opened higher on Monday, lifted by strong performance in auto stocks following monthly sales data, even as investors remained cautious over the spike in Omicron cases in the country during the holiday weekend. With several markets in Asia and Europe closed, trading volumes in India were thin and most…
Indian shares edged up on Wednesday as auto and metal companies gained with investors buying the dip, while Omicron coronavirus variant cases across the globe continued to surge keeping sentiment in check. The NSE Nifty 50 index rose 0.62% to 16,875 by 9:29 am and the benchmark S&P BSE Sensex gained 0.86% at…
Indian shares inched lower on Wednesday as investors turned their focus to the US Federal Reserve for signs on the pace of tapering, while recent debutant Paytm plunged after a lock-in period for institutional investors expired. The NSE Nifty 50 index was down 0.18 per cent at 17,293.9 by 0350 GMT, while the benchmark…
The initial public offering (IPO) Data Patterns (India) Limited opened for subscription on Monday and investors will be able to bid for the company’s shares till December 16. The IPO of the defence and aerospace electronics solutions provider got off to a flying start today as it has already been subscribed 1.42…
Domestic stock markets have witnessed a spike in volatility over the past few trading sessions as investors remain worried about the overall impact of the Omicron variant of coronavirus. Both S&P BSE Sensex and NSE Nifty 50 went through two big crashes last week, following reports that the new coronavirus variant…
WazirX app witnessed heavy user activity following the government’s decision to introduce a new cryptocurrency bill in the Parliament to ban private cryptos. A lot of investors took to WazirX and other crypto exchange platforms to sell their investments, resulting in an app crash. Some users even shared the…
Indian shares rose on Thursday, helped by banks and metal stocks, while investors focused on digital payments company Paytm’s stock market listing later in the day. The blue-chip NSE Nifty 50 index climbed 0.25% to 17,943.65 and the benchmark S&P BSE Sensex added 0.26% to 60,166.58 by 9:24 am. Both indexes…
Indian shares rose on Wednesday, helped by IT stocks and telecom firm Bharti Airtel after its upbeat earnings, as investors eyed quarterly results from State Bank of India due later in the day. The blue-chip NSE Nifty 50 index rose 0.44% to 17,967.30 and the benchmark S&P BSE Sensex rose 0.41% to 60,275.16 by 9:27…