Aptus Value Housing Finance is likely to list at a discount of Rs 2 or 0.57% to the issue price of Rs 353 per share.
Sensex and the Nifty retreated after scaling record highs during the week. Fears of the delta COVID-19 variant and Fed's taper talk crackdown impact.
Barring the Nifty FMCG index (up 2.27%) all other sectoral indices ended in the red. The Nifty Metal index plummeted nearly 6.5%.
Tata Steel, shedding over 8%, was the top laggard in the Sensex pack, followed by SBI, Dr Reddy’s, Kotak Bank, Sun Pharma, Bajaj Auto and L&T
Fed tapering plans & spread of Delta variant brought Sensex down by 408 points or 0.73% to 55,5,221 while the Nifty 50 index was trading at 16,456.
Share Market Holiday: The equity, F&O, and currency markets will remain closed on 19th August 2021, on account of Moharram.
Sensex slipped 489 points from its record highs of 56,118 to end at 55,629. Likewise Nifty 50 settled lower at 16,568.
Additional penalty 3% will be levied in the event of default on delivery obligations takes place three times or more during six months
Market news: Sensex jumped 237 points or 0.43% surpassing the 56,000-mark at 56,029. Nifty50 advanced 69 points or 0.42%.
Overseas, Asian stocks traded mixed on Wednesday as investors reacted to the Reserve Bank of New Zealand's interest rate decision.