Stock markets globally are facing pressure after Nvidia management disappointed some investors during the announcement of quarterly results. The company, however, showed good quarterly results.
The proposed Initial Public Offering (IPO) will consist of a fresh issue of units aggregating up to Rs 1,200 crore and an offer for sale of up to Rs 400 crore by the Sponsor Selling Unitholder.
The Sensex surged 320.49 points, opening at 81,406.40, while the Nifty climbed 92.15 points to open at 24,915.30. In early trading, the Nifty saw a majority of its constituent companies advance, with 32 stocks gaining and 17 declining. One stock remained unchanged.
Indian benchmark indices opened with gains on Tuesday following the rally in the Asian and US markets. Experts stated that the rally could push markets to new all-time highs.
The benchmark indices Sensex and Nifty closed flat on Monday. The market in the initial trading hours was buoyed by the reduction in windfall tax on crude oil and favourable global cues, ending flat after the trading session.
The Nifty 50 surged by 397.40 points, or 1.65 per cent, to close at 24,541.15, while the Sensex jumped 1,330.96 points, or 1.68 per cent, ending the day at 80,436.85.
Indian stock markets surged firmly on Friday from the opening session, with both indices gaining more than 1 per cent following the rally in the Nifty IT and Nifty Realty.
Indian markets opened with gains on Friday following the rally in global stock markets. Both benchmark indices, Nifty 50 and Sensex, gained at the opening.
Indian stock markets on Wednesday opened marginally up following global cues and a rally in US stock markets. According to the experts, the Indian markets are in balanced mode amid the FIIs selling and DIIs buying.
The BSE Sensex ended 56.98 points lower, settling at 79,648.92, while the NSE Nifty declined by 20.50 points to close at 24,347.00. Among the Nifty companies, 19 saw advances while 30 recorded declines.