If good IPOs tap the market with an attractive valuation, leaving something for investors, we will see some record-breaking subscriptions, say experts
Jay Thakkar, Vice-President & Head of Equity Research at Marwadi Shares and Finance, says trend in market remains quite positive in short-term
Shriram City Union Finance, Vakrangee, Max Healthcare Institute, VIP Industries, Allcargo Logistics & VRL Logistics were the top-performing stocks
Positive domestic macroeconomic data, strong global cues, robust Q1FY22 earnings and IPO refunds drove sentiments
Sensex surged 593 points or 1.08% to settled at a record peak of 55,437. Nifty 50 jumped 164 points or 1.01% to end at 16,529.
JM Financial maintains a precautionary view on the small and mid cap indices, which have made new highs on relative valuation against Nifty50
Most brokerages are upbeat on Tata Steel after strong Q1FY22 performance and are of the opinion that the stock can touch Rs 1,750 in the near term
M&M, HDFC, ICICI Bank, L&T and ITC were the top gainers. While PowerGrid, Tata Steel, Tech Mahindra, Sun Pharma and Dr Reddy's were the laggards.
The market breadth was positive as 2,359 shares advanced on the BSE, while 844 declined and 123 remained unchanged
IRCTC board has recommended a stock split, from the face value of Rs 10 to now Rs 2.