Page 8 - Cell Point News Today

The Nifty Pharma index closed 1.11 per cent down at 13614.0.

The Nifty Auto index closed 0.27 per cent down at 15106.85.

Indian equity benchmarks Sensex and Nifty closed at fresh all-time highs for the third consecutive session on Monday, driven by strong foreign fund flows and a global equities rally. Positive domestic data and optimism in the global markets have reinforced investor sentiment. The Nifty has been consistently achieving higher highs for 14 consecutive weeks, and it is crucial for the index to maintain levels above 19,250 to continue the upward trend. The tech-heavy Nasdaq started the new quarter on...

Indian equities closed on a strong note, with the Nifty gaining 1% and IT, auto, and PSU banks leading the market. Analysts attribute the positive momentum to strong inflows from foreign institutional investors, positive developments in the HDFC merger, and a narrowing current account deficit. Globally, investor confidence was boosted by positive economic data from the US and successful bank stress tests. Key support zones for the market are at 19,050 and 19,000, while resistance areas are at 19...

The Nifty Pharma index closed 1.06 per cent up at 13767.5.

The Nifty Realty index closed 0.53 per cent up at 520.0.

Investors are showing strong interest in the Cell Point (India) IPO, with the initial share sale having been subscribed 2.3 times so far. The IPO is a fresh equity issue of up to 50.34 lakh equity shares at Rs 100 per share, with no offer for sale in the public offering. The net proceeds will go towards repayment of some debt, store repairs and setting up new retail stores. Meanwhile, the Aatmaj IPO had a slow start, with just 16% of shares subscribed so far, and the Vilin Bio IPO has been subsc...

Cell Points IPO was subscribed 1.06 times on the first day, primarily driven by non-institutional investors who bid for 33.31 lakh shares. The IPO will be used to repay borrowings, renovate existing stores and establish new ones. Meanwhile, Cosmic CRFs IPO, which opened on 14th June, was only subscribed 22% by the end of day two, as NIIs and retail investors were not as enthused. The company is a supplier of cold-rolled stainless steel sections to renowned wagon makers and the railway.

Cosmic CRF, the cold-rolled stainless section supplier, will be the first SME IPO to open for subscription on June 14, with a price band at Rs 314-330 per share.

The IPO of Cell Point (India) will kick off for subscription on Thursday, June 16 as the company looks to Rs 50.34 crore via its primary stake sale.