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Sensex jumps 696 pts; NSE VIX drops 2%


The domestic equity benchmarks continued to trade with strong gains in early afternoon trade. The Nifty was trading above the 15,100 mark. Auto shares edged higher.
At 12:22 IST, the barometer index, the S&P BSE Sensex, was up 696.14 points or 1.40% to 50,261.00. The Nifty 50 index added 197.35 points or 1.32% to 15,103.40.
In the broader market, the S&P BSE Mid-Cap index gained 0.90% while the S&P BSE Small-Cap index rose 0.91%. Both these indices underperformed the Sensex.
The market breadth was strong. On the BSE, 2003 shares rose and 941 shares fell. A total of 153 shares were unchanged.
Derivatives:
The NSE s India VIX, a gauge of market s expectation of volatility over the near term, fell 2.21% to 19.22. The Nifty 27 May 2021 futures were trading at 15,131.05, at a premium of 27.65 points as compared with the spot at 15,103.40. ....

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Look who was swimming naked! Most newly-listed stocks take a hard knock


Look who was swimming naked! Most newly-listed stocks take a hard knock
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Synopsis
Price data shows as many as seven listings of this calendar, many of which happened to be from the Covid-hit sectors, have fallen up to 27 per cent from their issue price. Others, too, have trimmed their post-listing gains.
When Kalyan Jewellers India IPO hit the market, analysts had cited a weak balance sheet, poor capital allocation and poor track record of jewellery listings in the past to warn investors against subscribing to the issue. Yet the issue sailed through. (Representative image)
Related
NEW DELHI: Warren Buffett says, “You only find out who is swimming naked when the tide goes out.” ....

Nitin Raheja , Warren Buffett , Ashwini Agarwal , Heranba Industries , Suryoday Small Finance Bank , Dalal Street , Trip Planners , First Finance , Craftsman Automation , Waste Handling Cell , Ashmore Investment , நிடின் ராதிேஜா , வாரன் பஃபெட் , அஸ்வினி அகர்வால் , சூரியோதாய் சிறிய நிதி வங்கி , தலால் தெரு , பயணம் திட்டமிடுபவர்கள் , முதல் நிதி , கைவினைஞர் ஆட்டோமேஷன் , கழிவு கையாளுதல் செல் , ஆஷ்மோர் முதலீடு ,