Owais Metal and Mineral Processing to finalize share allotment process today. Investors can check the allotment status on Bigshare Services website. Shares trading at a premium of Rs 120 in the unlisted market. SME IPO subscribed 220 times with revenues of Rs 39.77 crore.
Taking Stock: Sensex tanks 790 points, Nifty below 22,000; small, midcaps singed
Biggest Nifty losers included Power Grid Corporation, Apollo Hospitals, Eicher Motors and Maruti Suzuki, while HUL, Infosys, TCS and Bharti Airtel were among the gainersNifty, Sensex fall over 1%; here#39;s what dragged indices today
BSE Midcap and Smallcap indices fell over 1.5 percent amid reports that SEBI has urged asset managers to provide investors with more information on the risks associated with their small and mid-cap funds.Midcap, smallcap stocks burnt by SEBI eye on mutual fund flows, profit booking; Zee, Voda Idea worst hit
This correction in the broader market is healthy, it will pull some counters out of the overbought zone, say analystsBharat Highways Invit IPO opens for subscription. Should you bid?
The IPO of Bharat Highways Invit has opened for subscription to raise Rs 2,500 crore. The net proceeds will be used for loans to project SPVs and other corporate purposes. Analysts advise subscribing as the company plans to expand its asset base through acquisitions and benefit from government focus on infrastructure.
Asian shares meander as US inflation test awaits; kiwi slides
“The RBNZ has closed the door to further rate hikes, which was a surprise to somewhat hawkish expectations,” said Charu Chanana, head of currency strategy at Saxo.
Sadhav Shipping allotment: Here’s how you can check status
The allotment of Sadhav Shipping’s SME IPO will be finalised today. Investors can check the status on Maashitla Securities website. The company’s shares are trading at a premium. The IPO received a strong response with 135 times subscription.
Taking Stock: Market recovers with Nifty near 22,200, Sensex gains 305 pts
Among sectors, Auto, Capital Goods, Information Technology, Pharma, Realty rose 0.5-1 percent each, while Oil Gas index was down 1 percent.Heavyweights help Sensex snap 2-day fall; analysts see Nifty at 22,700 in coming weeks
Market analysts expect the Nifty to scale new all-time highs in the coming weeks, provided it stays above the 21,990 levelMid-day Mood | Subdued global cues, wait for US inflation data keep Sensex, Nifty lacklustre
Caution persisted in the market ahead of the weekly derivatives expiry and release of the US inflation data, both due on Thursday.