Maruti Suzuki stock rose 3.55% to Rs 8,369 against the previous close of Rs 8,082 on BSE. Market cap of the firm climbed to Rs 2.50 lakh crore.
Shares of Hero MotoCorp Limited rose 6 per cent to hit an intraday high of Rs 2,721.45 on the Bombay Stock Exchange (BSE).
HCL Technologies stock touched an intraday low of Rs 1244, down 6.99% on BSE. The stock opened with a loss of 4.6% at Rs 1,276.
Stocks in news: Oil India, Hinduja Global, Maruti Suzuki, JK Paper, HDFC Bank, HCL Tech, UltraTech Cement and more
Bulls strengthened their hold on Dalal Street with the benchmark equity indices extending their gains for the fourth straight week.
Focus would also remain on the COVID situation, global stock markets, investment pattern of foreign institutional investors (FIIs), rupee-dollar trend and Brent crude, they added.
The m-cap of RIl zoomed Rs 69,503.71 crore to reach Rs 17,17,265.94 crore, while the market valuation of Infosys and TCS surged by Rs 48,385.63 crore to Rs 8,10,927.25 crore and 42,317.15 crore to Rs 14,68,245.97 crore.
Bulls strengthened their hold on Dalal Street with the benchmark equity indices extending their gains for the fourth straight week.
Now, the IPO will comprise a fresh issue of equity shares worth Rs 3,600 crore. There will not be any secondary offering.
Sensex closed 12 points lower at 61,223 and Nifty fell 2 points to 18,255. Asian Paints, Axis Bank and HUL shares were the top Sensex losers, falling up to 2.66% on BSE.
Mindtree share opened with a loss of 2.19% at Rs 4,640. It touched an intraday low of Rs 4477.25, falling 5.62% on BSE.
Seasoned equity investors were busy in selective buying on Dalal Street in the December quarter when the domestic equity market witnessed volatility due to some outflows by foreign institutional investors (FII) and rising cases of the new Covid variant, Omicron.
This is the first-ever institutional investment funding raised by the company. A majority of this round involves a secondary component which is used to provide full exits to its early angel investors.
AGS Transact Technologies IPO will close on January 21. The company is expected to list on exchanges on February 1.
At $80 billion, demand is about 13 times more than the $6 billion on offer to institutions, according to the company's regulatory filings for the IPO.
The Indian market snapped its five-day gaining streak today. Sensex closed 12 points lower at 61,223 and Nifty fell 2 points to 18,255. Global markets are in the red zone after Federal Reserve policymakers signaled they will start raising US interest rates in March to battle inflation.
On Thursday, the Indian equity market closed in the green for the fifth consecutive session. Sensex rose 85 points to 61,235 and Nifty ended 45 points higher at 18,257.
The listing of LIC is set to be India's biggest ever IPO, with the government aiming to raise up to Rs 90,000c crore ($12.18 billion) from its stake sale.
Sensex rose 85 points to 61,235 and Nifty ended 45 points higher at 18,257. Tata Steel, Sun Pharma and L&T were the top Sensex gainers, rising up to 6.35%.
Amid rising demand for shrimp and ethanol, brokerage InCred Equities believes that Coastal Corporation may multiply investors’ wealth in the next few quarters.
Shares of the healthcare provider rose 2.59% to Rs 3,768 against the previous close for Rs 3,673 on BSE.
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