The 30-share BSE Sensex was trading 635.43 points higher at 53,565.74. The broader NSE Nifty jumped 186.4 points to 15,994.40.
Stocks to watch: From Poonawalla Fincorp to Jammu and Kashmir Bank, here are the key stocks to look out for on Friday's trade.
Prudent IPO subscription status: The initial public offering (IPO) of retail wealth management firm Prudent Corporate Advisory Services was subscribed 1.22 times on the final day.
SC agrees to examine amendment made to LIC Act, 1956 by way of the Finance Act, 2021.
At the interbank foreign exchange, the rupee opened sharply lower at 77.52 against the American dollar, then lost further ground to quote 77.55, registering a fall of 30 paise from the last close. In initial deals, the domestic currency was moving in a range of 77.50 and 77.57.
The benchmark Sensex dove 1,158 points to 52,930.31 and the NSE Nifty by 359 points at 15,808.00 as the broad sell-off, led by foreign investors, hit sentiment.
LIC IPO allotment status: The initial public offering (IPO) of insurance sector behemoth Life Insurance Corporation of India (LIC) was subscribed 2.95 times and the shares will now get allotted to investors. Here's how to check if you have been allotted the shares.
Venus Pipes IPO: The Rs 165.41 crore initial public offering (IPO) of Venus Pipes and Tubes is available from May 11-13, 2022. It has a price band of Rs 310-326 per share.
The stock jumped 3.31 per cent to Rs 9.03 on the BSE. At the NSE, it went up by 4 per cent to Rs 9.05 apiece.
Market Today News, Sensex, Nifty, Share Prices Updates, 11 May 2022: The S&P BSE Sensex fell 276.46 points (0.51 per cent) to end at 54,088.39 while the Nifty 50 declined 72.95 points (0.45 per cent) to settle at 16,167.10.
Delhivery IPO Latest News Updates: The Rs 5,235 crore initial public offering (IPO) of supply chain firm Delhivery is available from May 11-13, 2022. It has a price band of Rs 462-487 per share.
According to the Amfi, monthly SIP (systematic investment plan) contribution dropped to Rs 11,863 crore in April compared to Rs 12,328 crore in March. However, the number of SIP accounts hit an all-time high in April at 5.39 crore as 11.29 lakh new accounts were added in the month.
Prudent Corporate Advisory Services IPO: The Rs 538.61 crore initial public offering (IPO) of retail wealth management firm Prudent Corporate Advisory Services is available from May 10-12, 2022. It has a price band of Rs 595-630 per share.
Rainbow Children’s Medicare shares listing: The scrip of multi-speciality pediatric hospital chain Rainbow Children’s Medicare got listed at Rs 506.00 apiece on the BSE, thereby registering a fall of 6.64 per cent from its offer price of Rs 542.00.
The 30-share BSE benchmark settled 105.82 points or 0.19 per cent lower at 54,364.85. During the day, it hit a high of 54,857.02 and a low of 54,226.33.
Stocks to watch: From Borosil Renewables to Infibeam Avenues, here are the key stocks to look out for on Tuesday's trade.
LIC IPO subscription status: The blockbuster initial public offering (IPO) of India's largest life insurer Life Insurance Corporation of India (LIC) was subscribed 2.95 times on the final day.
With just hours to go until the end of the subscription period for the $2.7 billion initial public offering of Life Insurance Corporation of India, foreign institutional funds have put in orders for merely 8% of the shares set aside for all institutional buyers.
The stock has been quoting lower for the past many days and further slumped 3 per cent to Rs 2,542.10, amid a weak trend in the broader market.
Campus Activewear shares listing: The scrip of athleisure footwear company Campus Activewear got listed at Rs 360.00 apiece on the NSE, thereby registering a gain of 23.29 per cent from its offer price of Rs 292.00.
At the interbank foreign exchange market, the rupee opened lower at 77.17 against the greenback, and finally settled for the day at 77.50, down 60 paise over its previous close.
The 30-share BSE Sensex settled 364.91 points or 0.67 per cent lower at 54,470.67. During the day, it tanked 917.56 points or 1.67 per cent to 53,918.02.
This was mainly on account of the anticipation of a rate hike by the US Fed and the deteriorating geopolitical environment following Russia’s invasion of Ukraine.
This is perhaps for the first time the special dispensation is granted to any public offer.
LIC IPO Highlights, LIC IPO Last Day (Day 6) News: The price band of LIC IPO is fixed at Rs 902-949 per share. All portions of the offer got oversubscribed.