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According to Edelweiss Alternative Research, the fresh addition and deletions will lead to a total inflow of $1.2 billion.
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The issue received bids for 6.39 crore shares as against 96.63 lakh shares on offer.
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Tata Steel reported an increase of 661% in its consolidated net profit to Rs 11,918 crore for the second quarter.
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The stock opened at Rs 544.35 apiece on the National Stock Exchange (NSE) and at Rs 548 on the BSE.
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Tata Steel, Sun Pharma, Nestle India, Kotak Mahindra Bank & Tech Mahindra were among the top gainers. While Powergrid & Bajaj Auto were the losers.
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Tata Steel reported a 661.34% surge in consolidated net profit to Rs 11918.11 crore on 56.45% rise in total income to Rs 61459.04 crore in Q2 FY22.
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Asian stocks are mostly trading higher on Friday following overnight gains for tech stocks stateside as the Nasdaq Composite rebounded.
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Anand Rathi is bullish on Balrampur Chini Mills with a price target of Rs 365 per share.
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Sensex closed at 59,919.69, down 433.13 points or 0.72%, while the Nifty declined 143.60 points or 0.80% to end the day at 17,873.60.
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SIP continued to break records for the seventh month in a row as it touched lifetime highs of Rs 10,518.53 crore in October 2021.