There is a lot of excitement in India's startup ecosystem, which now has easy access to funding & digitisation is aiding formalisation of the economy
A closer look at the BSE 500 index shows that as many as 308 constituents of the index delivered positive returns to investors this week
The public offer received bids for over 2,751.25 crore equity shares against an IPO size of 71.92 crore, stock exchange data showed
IT stocks were the biggest drag on profit booking while pharma stocks saw fresh buying
The portion reserved for retail investors was subscribed 1.65x as retail investors placed bids for 26,85,241 shares compared to 16,30,941 shares
Mutual funds were net buyers in 60% or 30 Nifty stocks and reduced holding in 40% or 20 stocks in June
In the grey markets, the share was quoting at Rs 1,783 to Rs 1803 commanding a premium of Rs 710-720 or 66% over its issue price
In opening trades Sensex hit a new peak of 53,290, likewise Nifty 50 touched a record high of 15,962
There's a lot of exuberance about the IPO outside but Zomato employees are still in double mind as to whether they should apply or not
Buyers outpaced sellers. On the BSE, 1665 shares rose and 1569 shares fell on the BSE. A total of 132 shares were unchanged.