Benchmark stock market indices opened flat on Tuesday as higher volatility keeps the bulls in check on Dalal Street. The S&P BSE Sensex opened 136.83 points higher at 60,829.37 at 9:30 am, while the NSE Nifty 50 went up marginally by 38.70 points to 17,883.30. Broader markets were also trading mixed as sentiment…
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…
HP Adhesives made a strong stock market debut on Monday as its shares listed at a premium of 16 per cent. Shares of the company got listed at Rs 315 per share on the National Stock Exchange (NSE) at a premium of 15 per cent to its IPO issue price of Rs 274 apiece. On the Bombay Stock Exchange (BSE), the shares of the…
Shares of Shriram Properties made a disappointing debut on Dalal Street on Monday after its initial public offering (IPO) had received a decent response. The realty company’s stock listed at Rs 90 on the National Stock Exchange (NSE) at a discount of 23.74 per cent in comparison to its issue price of Rs 118. On the…
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…
Shares of Go Fashion Limited made a stellar debut on Dalal Street on Tuesday, listing at a premium of 90 per cent compared to the IPO issue price. The shares of the firm, which operates the leading women’s bottom-wear brand Go Colors, debuted at Rs 1,316 on the Bombay Stock Exchange (BSE). This means the price of…
Indian payments firm MobiKwik will carry out an initial public offering later than initially planned, its CEO said on Tuesday, following the dismal market debut of larger rival Paytm earlier this month. In India’s largest-ever IPO, digital payments start-up Paytm made one of the worst major Indian stock market…
The operator of KFC and Pizza Hut, Sapphire Foods India Limited, made a decent debut on the stock market as it listed at a 15 per cent premium on the stock exchanges. Analysts had earlier expected a similar listing for the stock. The shares of Sapphire Foods listed at Rs 1,360.75 on the Bombay Stock Exchange (BSE) and…
Indian digital payments company Paytm is set to make its stock market debut on Thursday, after its $2.5 billion initial public offering (IPO), India’s largest, was oversubscribed last week. Paytm, which counts China’s Ant Group and SoftBank among its backers, raised $1.1 billion from institutional investors…
The share allotment for Paytm’s initial public offering (IPO) is done and all eyes are now on the online payment firm’s stock market listing on November 18. The share allotment was finalised on Monday. Paytm’s Rs 18,300 crore IPO is the largest in the country’s history and it was subscribed a total of 1.89…