The benchmark indices ended a volatile session on a flat note on Tuesday. The Nifty managed to close above the 14,900 mark after slipping below that level in intraday. IT and FMCG stocks were in demand.
As per the provisional closing data, the S&P BSE Sensex, fell 31.12 points or 0.06% at 50,363. The Nifty 50 index declined 19 points or 0.13% at 14,910.70.
The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index added 0.4%. The S&P BSE Small-Cap index rose 0.32%.
The market breadth was almost even. On the BSE, 1,476 shares rose and 1,484 shares fell. A total of 178 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,101.35 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 749.71 crore in the Indian equity market on 15 March 2021, provisional data showed.
The offer received bids for 19.69 crore shares as against 3.25 crore shares on offer.
The initial public offer (IPO) of Laxmi Organic Industries received bids for 19.69 crore shares as against 3.25 crore shares on offer, according to the stock exchange data at 17:00 IST on Tuesday (16 March 2021). The issue was subscribed 6.05 times.
The issue opened for bidding on Monday, 15 March 2021, and it will close on Wednesday, 17 March 2021. The price band for the IPO is set at Rs 129-130 per share. An investor can bid for a minimum of 115 equity shares and in multiples thereof.
The offer comprises of equity shares aggregating up to Rs 600 crore, comprising a fresh issue of up to Rs 300 crore and an offer for sale of up to Rs 300 crore by the promoter Yellow Stone Trust.