Sonaselection India IPO is a book-built issue worth ₹141.57 crore. The issue comprises an entirely fresh issue of 1.43 crore equity shares.
Nifty 50's crucial support is at the 23,000 - 23,100 zone. A breach below this could lead to a continuation of the downtrend towards 22,600 - 22,500 zone.
Nifty's recovery above the 23,200 level provides some near-term relief; however, the broader structure remains weak.
The weakness in IT stocks was followed by the US Federal Reserve's decision to hike the key lending rate by 0.25 basis points to 3.75-4 per cent.
Rentomojo shares listed 18.81 per cent higher at ₹480 on BSE and 19.42 per cent higher at ₹482 on NSE.
LCC Projects shares listed 31.4 per cent higher at ₹191 on BSE and 29.45 per cent higher at ₹189 on NSE.
Indian equities recover as FMCG and PSU bank stocks gain, while IT shares and Tata group stocks face selling pressure ahead of the Tata Sons board meeting
In August, Treasury more than doubled its bond repurchase operations from $2 billion to at least $4 billion per operation
In the Nifty FMCG basket 13 stocks advanced while only 2 declined. Intraday, the FMCG index was up 1.82 per cent to 45,645.20.
Master Trust highlighted the company's long operating history, dealer network and exposure to rising domestic and export demand, while Swastika Securities assigned a 'Subscribe' rating.
Prasol Chemicals shares listed 9.62 per cent lower at ₹611 on BSE and 9.76 per cent lower at ₹610 on NSE.
Gujarat Pipavav Port, Aegis Vopak Terminals and Tata Investment Corporation are showing bullish technical setups, backed by breakouts, improving momentum and strong participation.
The next important support is placed near 22,700, marked by an upward-sloping trend line.
Till Nifty 50 holds below 23,200 zones weakness could extend towards 23,050 then 22,950 levels while on the upside hurdles can be seen at 23,350 then 23,450 zones.
Sensex and Nifty have closed higher on just two occasions in September so far. During the month, the Sensex has tumbled more than 2,900 points, or 3.84 per cent.
Sensex Today | Stock Market Highlights, Monday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 2.12 per cent and 2.43 per cent, respectively
Solar Industries India slipped 14 per cent to ₹19,225 in Tuesday's intraday trade. The Defence index was down 5.48 per cent to 9,190.60.
Last week, Coforge's Chairman resigned with immediate effect amid concerns raised by an internal audit over the Board's Evaluation Exercise.
The IPO is proposed to list on September 24 and the issue's price band is set between ₹1,700-₹1,785 per share
uesday's gain marked the stock's biggest single-day surge in more than two months, with the last comparable jump recorded on July 6.