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In opening trades, Sensex jumped 542 points or 1.03% to 53,472. The Nifty 50 was trading at 15,965 jumping 157 points or 1%
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The issue got 2.95 times subscription. Size of IPO was 16.2 crore equity shares. The total bids were for 47.83 crore equity shares.
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In today’s session Sensex opened a gap-down and sunk 1,386 points intraday to hit a low of 52,702 and eventually settling at 52,930
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Bajaj Finance has given strong returns...But what will happen next? What is the opinion of the brokerages?
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The NSE benchmark Nifty 50 was trading below the 16,000-mark at 15,906 slumping 260 points or 1.61%
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In opening trade, Nifty 50 was trading at 16,301 up 60 points or 0.38%. Tata Steel, Tech Mahindra, HDFC, Bajaj Finance, ICICI Bank were top gainers
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At close, Sensex was down 105 points or 0.19% to 54,364 after hitting a high of 54,857 and a low of 54,226 at the fag end of the trade
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Despite FIIs' aggressive sell-off, there are many companies which they are buying aggressively and have increased their stake in.
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Among the headline stocks, Asian Paints, UltraTech Cement, Maruti, SBI & Bajaj FinServ were the top gainers on the Sensex rallying upto 2.8%
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At close, Sensex was down 364 ponits or 0.67% to 54,470. Likewise Nifty 50 settled just above the 16,300-mark at 16,301 slipping 109 points or 0.67%