Sensex Today | Stock Market LIVE Updates Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap fell 1.10 per cent and 0.7 per cent, respectively
At their target price, Macquarie said, the NSE stock would trade at a 2.5x PEG, broadly in line with global peers, suggesting the premium is justified on a growth-adjusted basis.
Insurance stocks jolted: The Insurance Regulatory and Development Authority of India (Irdai) on Wednesday proposed a phased reduction in the expenses of management (EoM) limits for insurers.
Domestic brokerage Emkay Global initiated coverage on Bharat Dynamics a day earlier with an 'Add' rating.
Shares of IFCI and New India Assurance surged up to 53% in the last two months, only to erase gains amid the NSE IPO launch. Tech analysts decode strategy in these two stocks.
NSE's market capitalisation increased to ₹4.62 trillion to reach 10th position on the BSE, following a 5% rise in Thursday's debut trading session; beating HUL, Sun Pharma and Titan in ranking.
The stock listed at ₹102 on the BSE, a 3 per cent premium and on NSE the shares debuted at a premium of 3.34 per cent to the issue price.
Avantel said in an exchange filing that it won a purchase order worth ₹177.35 crore for satellite communication equipment.
Stock market crash: Most sectoral indices, barring pharma, traded with deep cuts. Banking and financial services stocks were the top drags in trade today.
NSE shares listed at ₹1800 today, up 0.84 per cent from the IPO price of ₹1,785.
Arun Kejriwal, founder of Kejriwal Research, said that BSE delivered a lacklustre listing and certainly well below expectations.
On a three-to-five-year view, NSE is the better play. It earned ₹3,122 crore in Q1FY27, over 3.5 times BSE's ₹873 crore.
The ₹22,562-crore IPO received bids for 50.58 crore shares against 8.86 crore shares on offer, resulting in an overall subscription of 5.71 times.
NSE's shares will mark their stock market debut on BSE today, after the IPO was subscribed 5.71 times in the three-day bidding process.
Stocks to buy today: The overall setup remains constructive, and MCX appears poised for the next leg of up move and potential new highs, says Ajit Mishra of Religare Broking.
The National Stock Exchange's ₹22,600 crore IPO was subscribed 5.7 times, but subdued retail demand and a 2-3 per cent grey-market premium point to a modest debut
The Nifty closed in the green above the falling channel on Wednesday indicating signs of a trend reversal, says Jatin Gedia of Teji Mandi. The analyst is bullish on Indus Towers and South Indian Bank.
Existing shareholders Pramod Bhasin and Anil Chawla, who hold a 15 per cent stake, have mounted an employee-backed buyout for Aion Capital's 85 per cent stake, challenging Protium Finance's bid
Sebi chairman says banks and capital markets are complementary, while the regulator looks at margins and longer-term products to make derivatives trading more balanced
MSE will admit NSE shares under the 'permitted to trade' category from September 24, a move industry experts say could help bring additional volumes to the exchange