Daily Market Commentary - April 6, 2021 - Bonanza Portfolio
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Mr Vishal Wagh, Research Head
On Tuesday Indian equity benchmark indices were trading higher tracking mixed global cues. Markets are trading higher with gains of around half a per cent each in early deals on the back of buying in Power, Utilities and Metal stocks. In the afternoon session, Indian equity benchmarks traded flat. Both Sensex and Nifty are trading around 49,150 and 14,667 levels.
Most of the Asian equity benchmarks traded lower in early deals on Tuesday, as the soaring new covid infection numbers and extended lockdown restrictions dulled the market sentiments.
Quick Wrap: Nifty Financial Services Index registers a drop of 2 01%, NIFTY Crashes 1 04% business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Suryoday Small Finance Bank IPO opens today: Check price band, other details
Suryoday Small Finance Bank IPO: The lender has fixed a price a band of Rs 303-305 a share for the issue, which will close on March 19
BusinessToday.In | March 17, 2021 | Updated 12:11 IST
Suryoday Small Finance Bank IPO opens on March 17
The Rs 582-crore initial public offering (IPO) of Suryoday Small Finance Bank (SSFB) has started today, March 17. The offer comprises a fresh issue of 81.50 lakh equity shares and an offer for sale of 1.09 crore equity shares by existing selling shareholders. The lender has fixed a price a band of Rs 303-305 a share for the issue, which will close on March 19. Ahead of IPO, the company has raised around Rs 170 crore from anchor investors.
HDFC Life Insurance Company Ltd is quoting at Rs 691.5, down 1.64% on the day as on 13:19 IST on the NSE. The stock jumped 64.86% in last one year as compared to a 75.4% rally in NIFTY and a 64.68% spurt in the Nifty Financial Services index.
HDFC Life Insurance Company Ltd dropped for a fifth straight session today. The stock is quoting at Rs 691.5, down 1.64% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.38% on the day, quoting at 14854.35. The Sensex is at 50217.56, down 0.29%.HDFC Life Insurance Company Ltd has lost around 3.08% in last one month.Meanwhile, Nifty Financial Services index of which HDFC Life Insurance Company Ltd is a constituent, has eased around 5.07% in last one month and is currently quoting at 16167.15, down 0.18% on the day. The volume in the stock stood at 11.91 lakh shares today, compared to the daily average of 35.9 lakh shares in last one month.