Jio Platforms' ₹8,110 crore anchor book draws bids exceeding ₹2.5 trillion, with global investors, mutual funds and insurers competing for shares ahead of its ₹30,213 crore IPO
Nifty gains 1.66% as IT stocks, private banks and Reliance rally despite a sell-off in Asian technology shares; broader market breadth stays weak, with smallcap indices falling.
IT and FMCG stocks' rally failed to push up a broader market that fell 0.44 per cent on Wednesday, dragged by pharma stocks even as it gained the previous session.
Nifty IT fell 0.79 per cent on Monday, while telecom shares remained under pressure amid FII outflows, concerns over Jio Platforms' IPO valuation and broader market weakness
New demat accounts fell to 2.89 million in September, but quarterly additions hit a high since October-December 2024, supported by strong primary market activity
Trent shares jumped 12.4 per cent after Q2FY27 standalone revenue rose 22.5 per cent, beating estimates, while analysts remained largely bullish on the Tata group retailer
Of 151 SME IPOs listed this year, 70 trade below their issue price and 21 have lost at least half their value, while mainboard issues have delivered stronger returns