Read more about India could see a record equity supply of Rs 2-3 trn in FY22: Jefferies on Business Standard. Over the past decade, the contribution of IPOs to equity fund-raising at around 27 per cent has been muted, Jefferies said
Fag-end buying in public sector banks, IT, and metal counters ahead of the expiry of May derivatives contracts propelled the benchmark Nifty50 index to record closing high on Thursday. From an intra-day low of 15,272, the index leaped 66 points to settle at 15,338. Minutes before closing, the index hit a high of 15,384.5 levels. The BSE barometer of 30-shares, meanwhile, ended 98 points, or 0.19 per cent, higher at 51,115 levels as losses in HDFC, Bajaj Finance, HUL, and Bharti Airtel were offset by gains in Kotak Bank, Reliance Industries, TCS, Axis Bank, and State Bank of India. The index hit an intra-day high of 51,283. Overall, Shree Cement, SBI, Bajaj Auto, Kotak Bank, Tech Mahindra, Ultratech Cement, Axis Bank, and Tata Steel were the top large-cap gainers, up between 2 per cent and 4 per cent, while HDFC, Bajaj Finance, ONGC, Bharti Airtel, and Indian Oil Corporation were the top laggards, down up to 2.7 per cent.
Read more about BPCL gains 4%, hits 52-week high on strong Q4 results, Rs 58/share dividend on Business Standard. The progress on divestment and response by potential bidders will be the key monitorable for the stock price performance, ICICI Securities said