The S&P 500 is up 16% from its mid-June low, with the latest boost coming from a slower-than-expected rise in consumer prices and a surprise drop in producer prices in July.
Syrma, which is aiming to garner around Rs 840 crore through IPO, is one of the leading electronics system design and manufacturing company with a focus on technology-based solutions and original design manufacturer business.
The 30-share Sensex advanced 1.84 per cent to 59,462.78 on August 12 from 57,570.25 on August 05. Likewise, the 50-share Nifty index gained 1.73 per cent to 17,698.15.
The design and tech service provider could likely witness another "15-20 per cent return" if Indian equity benchmarks stay "good", an expert opined.
Sensex rose 130 points to 59,462 and Nifty closed 40 points higher at 17,699.
Paytm shares slipped 6.12 per cent to Rs 775 against the previous close of Rs 825.50 on BSE.
According to market watchers, positive global cues and buying by foreign institutional investors supported the domestic equity market.
Syrma SGS Technology raised Rs 252 crore from anchor investors ahead of its initial share sale on Thursday.
Page Industries stock rose 2.09 per cent to a record high of Rs 50,146.4 against the previous close of Rs 49,122.05 on BSE.
Stocks in news: LIC, Info Edge, Hero MotoCorp, Adani Enterprises, Bata India,Trent, Oil India, Godrej Properties and more
Sensex rises 130 points to 59,462 and Nifty closes 40 points higher at 17,699. The stock market ended higher on Thursday, led by positive global cues.
The S&P 500 closed a tad lower after earlier hitting fresh three-month highs following data that showed the US producer price index (PPI) unexpectedly fell in July.
Sensex rose 515 points to 59,332 and Nifty closed 106 points higher at 17,640 in the previous session.
Brent crude futures gained 0.8% to $98.19 a barrel, while U.S. West Texas Intermediate crude futures advanced 0.9% to $92.70.
During the day, market capitalisation (m-cap) of the private sector lender briefly crossed the Rs 6 lakh crore mark for the first time. The stock finally settled 1.30 per cent higher at Rs 859.55.
Sensex rose 515 points to 59,332 and Nifty closed 106 points higher at 17,640. Of 30 Sensex stocks, 19 ended in the green.
Zensar Technologies shares have been falling since the company announced its earnings for the quarter ended June 2022.
Coal India shares gained 2.84 per cent to a new high Rs 226.10 against the previous close of Rs 219.85 on BSE.
IRCTC stock fell 0.95 per cent to Rs 666.70 today against the previous close of Rs 673.10 on BSE.
Stocks in news: IRCTC, M&M, Eicher Motors, SAIL, Coal India, Glenmark, Eicher Motors, Suzlon Energy and more
Sensex rises 515 points to 59,332 and Nifty closes 106 points higher at 17,640. The stock market ended on a flat note on Wednesday, led by a fall in consumer durables and information technology shares.
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