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The benchmark Sensex added a whopping 6,000 points since January and touched 56,000 on Wednesday.
The IPO comprises fresh issuance of equity shares worth Rs 250 crore and an offer-for-sale of 21,900,100 equity shares by selling shareholders
We are amidst a strong bull run but there is always a chance of a 5-10% correction which is deemed healthy and reasonable
Considering the present market condition, BofA Securities is positive on 15 largecap stocks.
The proposed listing of AWL will comprise an IPO in the form of fresh issue of new equity shares by AWL for an amount of up to Rs 4,500 cr
Shares of Nuvoco Visitas are likely to list at a discount of Rs 10 or 1.75% to the issue price of Rs 570 per share
Sensex and the Nifty retreated after scaling record highs during the week. Fears of the delta COVID-19 variant and Fed's taper talk crackdown impact.
The equity benchmark indices ended with small losses after high volatility for the week ended August 20.
The forex kitty had increased by $889 million to a lifetime high of $621.464 billion in the previous reporting week
Barring the Nifty FMCG index (up 2.27%) all other sectoral indices ended in the red. The Nifty Metal index plummeted nearly 6.5%.