Tracking positive global news Indian benchmark indices opened on a strong footing. Sensex jumps 325 points to open at 50,730; while the boarder market
Investments by FPIs as well as domestic investors and movement of rupee against the US dollar are likely to be closely watched for cues
Ahead of the IPO, the issue is quoting at a GMP (grey market premium) of Rs 165 per share offering close to 90% premium over the offer price.
Sensex ended at 50,405, showing a decline of 440 points or 0.87% over the previous close.
Market experts suggest staying invested in the Heranba for the long-term.
Investors who want returns like debt with a lower tax impact should consider arbitrage funds in their portfolio, said Arnav Pandya, founder, Moneyedus
Sensex falls 406 points to open at 50,439; Nifty at 14,977 slips 102 points dragged by banks & financials.
Keval Bhanushali, CEO of Marwadi Shares & Finance, shares investment insights
The ongoing rally on Dalal Street coupled with reasonable valuations may help Heranba Industries make a strong debut on bourses on March 5.
28 of 30 Sensex stocks opened in the red.