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Profit booking soon trickled into the counter post listing, pulling the stock down 5 percent as investors rushed too book the stellar listing gains.
The Nifty 50 index has now expanded its trading range, with an upper boundary around 21,800 to 22,000, while support is observed in the range of 21,700 to 21,600.
Unlisted shares of Trident Techlabs Ltd are currently trading Rs 50 higher in the grey market, which is a 142.86 per cent listing gain from the public issue, Trident Techlabs IPO Closes Today: Check Subscription Status, GMP Today
The IPO, which opened for public subscription on December 21, Thursday, has seen particular fervor in specific investor categories.
Experts expect the market to remain rangebound in the last week of the year 2023.