Under the peak margin system, the margins are not calculated on the end of the day basis. Instead, they are calculated during the session
After hitting lifetime high of 56,958.27 during the day, Sensex closed at 56,889.76, up 765.04 points or 1.36%.
In the grey market shares of Vijaya Diagnostic Centre is quoting at a premium of Rs 10 or 1.88% while Ami Organics is at a premium of Rs 60 or 9.83%
In early deals, Sensex advanced 370 points or 0.66% to touch a new peak of 56,494 while Nifty 50 advanced 100 points or 0.60% to 16,806.
Adani Transmission, The New India Assurance Company, Adani Total Gas, ABB Power, Hindustan Aeronautics & Linde India were top gainers this week.
The price band for Gujarat based company has been fixed at Rs 603-610 per share. Investors can bid for a minimum of 24 equity shares and in multiples.
According to the estimates of the IMF, the global economy would recover smartly in 2021 and would continue strong in 2022.
At the close of trade on Friday, the market capitalisation of all BSE-listed companies advanced to an all-time high of Rs 2,43,73,800.36 crore.
Unlike the mad rush witnessed in the past few months, the response for IPOs in August was subdued especially from retail investors who were selective.
The Nifty Metal index was the star of the day with gains of 1.63%, followed by the Nifty Pharma index advancing 1.38%.