Share Market LIVE: Sensex opens flat, moves between gains and losses, Nifty regains 16300; RIL, Infosys in red
Share market news today | Sensex, Nifty, LIVE Stock Quotes: Domestic stock markets began Tuesday’s trading in a volatile fashion, swinging between gains and losses. Minutes into the day’s trading, Sensex was up 100 points around 54,580 while NSE Nifty 50 was above 16,300. Bank Nifty was above 34,400 while India VIX gave up 22 levels. Asian Paints was the top gainer on Sensex, up 3%. Ultratech Cement, Maruti Suzuki India and State Bank of India were the other big winners. In contrast, Infosys, Reliance Industries and ICICI Bank were the worst performing stocks.
Following the massive IPO of LIC closed for subscription yesterday, the primary market will continue to witness increased activity with the public issuance of Prudent Corporate Advisory Services open for subscription. The Rs 538 crore IPO of Prudent Corporate Advisory Services is entirely a put offer and investors can bid for shares within a fixed price range of Rs 595-630 per share. Prior to the issuance, Prudent Corporate Advisory Services managed to raise Rs 159.43 crore from senior investors. Earlier yesterday, LIC’s IPO closed after a separate 6-day auction window. The issue was subscribed 2.95 times by investors. Additionally, shares of Rainbow Children’s Medicare will be listed on the stock exchange today. The show was subscribed 12.43 times earlier last month.
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