The ₹599 crore initial share sale received bids for 93,34,36,374 shares against 86,29,670 shares on offer, according to data available with the NSE
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Stock Market Live Updates 28 May 2024: Sensex, Nifty track Asian cues; LIC quarterly results in spotlight (28-05-2024)
Sensex, Nifty, Share Prices LIVE: Indian benchmark indices, Sensex and Nifty, are poised to open marginally higher on Tuesday, following gains in Asian markets, with investor attention on Life Insurance Corp of India (LIC) after its quarterly earnings report. As of 8:32 a.m., the Gift Nifty was trading at 23,020 points, indicating a higher opening for the Nifty 50 compared to its previous close of 22,932.45. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.4%. Indian equity benchmarks have hit record highs for three consecutive sessions, but volatility remains high ahead of the June 4 general election results. Ajit Mishra, vice president of research at Religare Broking, expects further consolidation. LIC reported a drop in its new business margin, but its profit rose slightly. Foreign investors sold shares worth Rs 541 crore, while domestic investors bought Rs 923 crore in stocks.
Stocks that will see action today: May 28, 2024 (28-05-2024)
Timken India, Inox Wind, Concord Biotech, IIFL Finance, UltraTech Cement, Honasa Consumer, Adani Energy Solutions, Nykaa, Keystone Realtors
Kirlosakar Industries’ Q4 profit down 11%, income up 2% (27-05-2024)
KIL reported a consolidated net profit of ₹70.73 crore for the quarter and ₹360.72 crore for the full year
Stock market today: Sensex, Nifty end flat after logging new highs (27-05-2024)
Sensex hit a fresh high and crossed 76,000 before ending at 75,391, or down 0.03 per cent, amid weakness in metal and auto shares
NTPC to launch IPO for green energy subsidiary by October-November 2024 (27-05-2024)
NTPC Group expects to incur a capex of ₹35,000-50,000 crore in the next 2-3 years to fund its expansion plans.
Shares in unlisted space see a sharp spurt (27-05-2024)
Investors flock to unlisted shares in anticipation of IPOs, but caution is advised due to potential fraud risks
Mukesh Ambani weighs listing RJio first (27-05-2024)
Reliance Jio Infocomm may go public first, with a potential valuation of $100 billion and a share price of ₹1200
Adani Energy Solutions to raise ₹12,500 crore via QIP (27-05-2024)
The funds will be used to finance its expansion plans
Lab-grown diamond: Many opportunities unravelling as it can be cut into any shape (27-05-2024)
India is turning super creative with the commodity, says True Diamond co-founder Darayus Mehta