Page 6 - Prashanth Tapse News Today

The rupee declined by 7 paise to close at 83.45 against the US dollar on Monday as investors remained cautious ahead of the US Federal Reserve’s monetary policy decision.

On April 22, the Maharashtra-based company raised Rs 194.84 crore through the anchor book.

The 30-share BSE Sensex climbed 152.31 points to 74,823.59 in morning deals. The NSE Nifty went up by 52.9 points to 22,696.30.

JNK Indias listing exceeded expectations with a remarkable debut. Analysts anticipate potential volatility post-initial surge but affirm strong fundamentals and a positive outlook, indicating long-term promise.

The JNK India IPO ran from April 23 to April 25. The Thane-based company had offered shares in the fixed price band of Rs 395-415 per share. The lot size stood at 36 shares.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Equity markets will remain closed on Wednesday on account of Maharashtra Day. Accordingly, all the segments including, the equity segment, derivative segment, and SLB segment will be closed.

​The market capitalisation of BSE-listed companies soared to an all-time high of Rs 406.52 lakh crore on Monday thanks to a rally in equities where the BSE Sensex climbed over 1 per cent.

JNK Indias shares are trading with a GMP of Rs 110 in the unlisted market, indicating a listing gain of around 22-25%. The issue was priced at Rs 415 at the upper end.

The BSE benchmark Sensex on Monday was trading 436 points higher at 74,166.33, while the Nifty was over 93.7 points at 22,513.70