Market focus back to large caps
Sun, Jun 27 2021 14:21 IST |
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Bombay Stock Exchange (BSE). (File Photo: IANS). Image Source: IANS News
Markets were on a roll last week and set the tone of revival on the very first day of trading for the week. The tone of the markets when they closed in the previous week indicated weakness and consolidation. They began with a sharp downside and then recovered throughout the day and in the process manged not only gains for the day but also changing the sentiment for trading in the week ahead. BSESENSEX gained 580.59 points or 1.11 per cent to close at 52,925.04 points, while NIFTY gained 177 points or 1.13 per cent to close at 15,683.35 points. The broader markets saw BSE100, BSE200 and BSE500 gain 1.06 per cent, 1.10 per cent and 1.15 per cent, respectively. BSEMIDCAP gained 1.40 per cent while BSESMALLCAP was up 1.41 per cent. Markets gained on four of the five trading days.
NEW DELHI: The initial public offer of India Pesticides Limited was subscribed 29 times on the closing day of the subscription on Friday.
The Rs 800-crore IPO received bids for 56,07,11,650 shares against 1,93,10,345 shares on offer, as per NSE data.
Qualified Institutional Buyers (QIBs) category was subscribed 42.95 times, non-institutional investors 51.88 times, and those for Retail Individual Investors(RIIs) 11.30 times.
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