After the ups and downs of the day, today is the fourth trading day of the week, i.e. Thursday, the stock market closed at the red mark. The Bombay Stock Exchange’s flagship index Sensex fell 585.10 points, or 1.17 per cent, to close at 49216.52. At the same time, the Nifty on the National Stock Exchange closed 163.45 points or 1.11 percent lower at 14557.85. Shares of 30 stocks on the BSE rose 3 in 38.76 points or 0.7878 percent in the previous week. However this week the market is still closed with a fall.
The same was true of older stocks
Speaking of large stocks, shares of ITC, Bajaj Auto, Hindalco, Grasim, and Bharti Airtel closed at the green mark today. At the same time, shares of Infosys, HCL Tech, Davis Lab, Dr Reddy’s and Hero MotoCorp closed red.
Sectoral indicator tracking
If we look at the sectoral index, today all sectors except FMCG and metals are off the red mark. These include IT, Auto, PSU Bank, Financial Services, Private Bank, Realty, Media, Bank and Pharma.
Nazara Technologies’ IPO has been subscribed 8.58 times
The initial public offering (IPO) of gaming company Nazara Technologies, which was launched on March 1, will close on March 19. It was opened for bids on March 16 for anchor investors. According to BSE and NSE data, the second day IPO subscribed 8.58 times. The IPO was subscribed 3.35 times on the first day.
So far, bids for 2.50 crore shares have been received in this IPO. The offer size is 29,20,997 lakh shares. The Private Investors (NII) division received 6.59 times the subscription. To date, subscriptions have been received 35.38 times for retail sector investors and 3.29 times for employees.
Shares of Dixon Technologies have risen sharply
The stock has seen strong growth today, including Dixon Technology, the head of consumer electronics. Today the shares of the company are divided. That means investors got five shares for one share. It opened at a price of around Rs 4,170 after splitting 20,000 shares. After opening, the stock jumped 14 percent during trading. It finally rose 220 points (5.48 percent) to close at 4,235. The stock closed at Rs 20,074 on March 17.
Global market momentum
In the United States, the Fed Reserve said the country’s economic growth is the strongest in nearly 40 years. Therefore, interest rates have been fixed, which will cause markets around the world to grow. In the US, the Dow Jones rose 0.58 percent to close at 33,015 points. The Nasdaq and S&P 500 indices gained. Japan’s Nikkei index rose 1.05 percent to 30,227. Hong Kong’s Hang Seng index also rose 1.51 percent. There is also buying on the Shanghai Composite of China and the Kospi Index of Korea. Second, all Australian ordinances fell 0.59 per cent to close at 7,006 points.
Today is the last day of the IPO of Kalyan Jewelers
Today was the last day of the initial public offering (IPO) of the top jewelry brand Kalyan Jewelers. It was launched on March 16 of the same week with a target of Rs 1,175 crore. Let me tell you that the IPO of this jewelery company in Kerala was 44 percent completed on the first day. Retail investors have bid the most. As of Thursday afternoon it had subscribed 1.43 times. The issue was 1.21 percent subscribed as of Wednesday evening.
The market was open with a green sign
The Sensex opened 438.12 points (0.88 percent) higher at 50,239.74. At the same time, the Nifty opened 134.60 points or 0.91 percent higher at 14,855.90.
The stock market closed on Wednesday due to the downward trend
The stock market closed in the red for the fourth day in a row on Wednesday. The Sensex fell 562.34 points, or 1.12 percent, to 49,801.62. At the same time, the Nifty closed at 14721.30, down 189.15 points or 1.27 percent.