The daily NAV of a mutual fund is disclosed after deducting the expenses; bigger funds ideally have lower expense ratio
The listing gains in Nazara Technologies are pretty good and one needs to consider booking gains keeping in mind the overall sentiments of the primary markets and stretched valuations.
Shares of Nazara Technologies made a bumper listing and opened for trading at Rs 1,990 per share on the National Stock Exchange, implying a premium of 80.74% from the IPO price of Rs 1,101 per share.
In opening trades, Sensex rallied 434 points or 0.89% at 49,443. While the broader market index Nifty50 was trading above the 14,600-mark at 14,638 gaining 130 points or 0.90%.
Indian stock exchanges will remain closed on March 29 on account of Holi
The Nifty Metal index ended with gains of over 3.5%.
According to market experts even at current levels, Kalyan Jewellers looks expensive.
Market experts suggest investors stay put and hold the stock for the long-term.
Shares of Suryoday Small Finance Bank opened at Rs 292 per share on the National Stock Exchange, Rs 13 lower to the issue price of Rs 305 marking a discount of 4.26%.
On the BSE, Kalyan Jewellers India opened at Rs 73.90, Rs 13.10 below its issue price marking a discount of 15.06%.