Share market news today | Sensex, Nifty, Stock Quotes LIVE: Sensex and Nifty started day trading positively.
Share market news today | Sensex, Nifty, Stock Quotes LIVE: Domestic markets continued their advances as Monday’s trading session kicked off. The BSE Sensex gained more than 250 points or 0.50% to breach 55,800 levels, while the NSE Nifty 50 crossed the 16,700 mark – a zone of resistance. Bank Nifty was above 34,800 while India VIX gained 1.75% and approached nearly 26 levels. Broader markets rose slightly higher. HDFC Bank was the biggest winner with an increase of 2.35%, followed by Infosys, Tech Mahindra and ICICI Bank. In the red, Hindustan Unilever was the biggest laggard, followed by Reliance Industries and Bajaj Auto.
LIC’s highly anticipated IPO is likely to kick off in May as the government plans to postpone the mega-public issue amid jittery market conditions. Earlier last week, capital market regulator SEBI approved LIC’s IPO, with the government looking to sell 5% of its stake. With SEBI’s current set of approvals, LIC can bring the IPO before May 12. The only additional requirement until then is an addendum to the draft red herring prospectus to the insurer’s December quarterly results. The government hopes to raise Rs 65,000-70,000 crore through the IPO.
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