A recovery in midcaps along with a surge in IT space has boosted the market on Friday morning. It had begun on a flat note.
Market Update: Equity benchmarks have maintained their uptrend on Friday afternoon, with the Sensex gaining over 150 points, while the Nifty is hovering around 11,000-mark.
The Sensex is up 156.01 points or 0.43% at 36507.24, while the Nifty is up 49.70 points or 0.45% at 11006.80. The market breadth is negative as 1004 shares advanced, against a decline of 1250 shares, while 153 shares were unchanged.
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Infosys, L&T, Bajaj Finance and Bajaj Finserv are the top gainers, while Bajaj Auto and Vedanta continue to fall.
IPO Update: The initial public offering (IPO) of TCNS Clothing was subscribed over 2.08 times on Day 3 of bidding so far.
The IPO, to raise Rs 1,125-crore, received bids for 2.29 crore shares against the total issue size of 1.09 crore shares, data available with the NSE as of 11:45 shows.
The portion set aside for qualified institutional buyers (QIBs) was subscribed 7 times, non-institutional investors 0.11 times percent and retail investors at 0.12 times.
The price band for the offer has been fixed at Rs 714-716 per share.
IPO Update: The initial public offering (IPO) of TCNS Clothing was subscribed over 2.08 times on Day 3 of bidding so far.
The IPO, to raise Rs 1,125-crore, received bids for 2.29 crore shares against the total issue size of 1.09 crore shares, data available with the NSE as of 11:45 shows.
The portion set aside for qualified institutional buyers (QIBs) was subscribed 7 times, non-institutional investors 0.11 times percent and retail investors at 0.12 times.
The price band for the offer has been fixed at Rs 714-716 per share.
Benchmark indices have continued to trade strongly on Friday morning, with the Sensex trading around 150 points higher, while the Nifty has reclaimed 11,000. The IT index has further extended its gains, while pharmaceutical stocks to are trading in the green. Midcaps, too have strengthened, up almost half a percent on the index. Infosys, L&T, Bajaj Finance and Bajaj Finserv are the top gainers, while, Vedanta, ONGC, and BPCL have lost the most.
A recovery in midcaps along with a surge in IT space has boosted the market on Friday morning. It had begun on a flat note. The Sensex is currently higher by over 100 points, while the Nifty was seen inching towards 11,000. The rupee touched a new low of 69.12 to the dollar, which has boosted IT stocks. The Nifty IT index is up over 1 percent at this point.
Along with it, midcaps have recovered from the low points of the day. The Nifty Midcap index is up around one-tenth of a percent. Metals are trading weak, led by losses in Vedanta. The stock is down 2 percent. Shares of Reliance Industries has hit a fresh record high. The scrip has gained 46 percent in the past one year.
The Sensex is up 132.56 points or 0.36% at 36483.79, while the Nifty is up 32.60 points or 0.30% at 10989.70. The market breadth is negative as 731 shares advanced, against a decline of 762 shares, while 100 shares are unchanged.
Market Opens: It’s a flat start to the market this Friday morning, with the Nifty holding 10,950. The Street could be taking cues from tepid global cues.
A recovery in midcaps along with a surge in IT space has boosted the market on Friday morning. It had begun on a flat note. The Sensex is currently higher by over 100 points, while the Nifty was seen inching towards 11,000. The rupee touched a new low of 69.12 to the dollar, which has boosted IT stocks. The Nifty IT index is up over 1 percent at this point.
Along with it, midcaps have recovered from the low points of the day. The Nifty Midcap index is up around one-tenth of a percent. Metals are trading weak, led by losses in Vedanta. The stock is down 2 percent. Shares of Reliance Industries has hit a fresh record high. The scrip has gained 46 percent in the past one year.
The Sensex is up 132.56 points or 0.36% at 36483.79, while the Nifty is up 32.60 points or 0.30% at 10989.70. The market breadth is negative as 731 shares advanced, against a decline of 762 shares, while 100 shares are unchanged.
Market Opens: It’s a flat start to the market this Friday morning, with the Nifty holding 10,950. The Street could be taking cues from tepid global cues.
The Sensex is up 5.58 points or 0.02% at 36356.81, while the Nifty is down 1.90 points or 0.02% at 10955.20. The market breadth is negative as 243 shares advanced, against a decline of 355 shares, while 61 shares are unchanged.
Sectoral indices are trading mixed, with cuts seen in PSU banks, while the midcap index is trading in the red. The Indian rupee has hit a fresh record low of 69.12 to the dollar.
Among shares, Reliance Industries is at an all-time high. Infosys and Hindalco are the other top index gainers, while Vedanta, Airtel, HPCL, and BPCL are the top losers.
Sectoral indices are trading mixed, with cuts seen in PSU banks, while the midcap index is trading in the red. The Indian rupee has hit a fresh record low of 69.12 to the dollar.
Among shares, Reliance Industries is at an all-time high. Infosys and Hindalco are the other top index gainers, while Vedanta, Airtel, HPCL, and BPCL are the top losers.
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