Stock Market Live Updates: SGX Nifty hints at positive start for Sensex, Nifty; MapMyIndia shares to list today
Stock Market News Live Updates: Today Shares Market, BSE Sensex, NSE nifty, 23 December 2021
Stock Market Live Updates Today, 21 December 2021: On December 20, the BSE Sensex plunged 1,190 points, or 2.09 percent, to 55,822, while the Nifty50 declined 371 points, or 2.18 percent, to 16,614 and formed a bearish candle on the daily charts. However, the market saw a bit of recovery in the last couple of hours of trade.
According to pivot charts, the key support levels for the Nifty are placed at 16,402.9, followed by 16,191.6. If the index moves up, the key resistance levels to watch out for are 16,832.8 and 17,051.4.
Shares of CE Info Systems (MapMyIndia) will list on the stock exchanges today. The Rs 1,039 crore public issue, which was entirely an offer for sale, was heavily oversubscribed by investors earlier this month. Qualified Institutional Buyers (QIB) had bid for the IPO 196 times while the Non-Institutional Investor portion was subscribed a massive 424.69 times. The retail category was subscribed 15.2 times, taking the overall subscription tally to 154.71 times. Shares of MapMyIndia were offered to investors in a fixed price band of Rs 1000-1033 per equity share. Ahead of the listing day, shares of MapMyIndia were trading at a strong premium of over Rs 600 per share in the grey market.
Closing Bell: Sensex up 497 points at 56,319, Nifty50 at 16,771
CMS Info Systems IPO subscribed 29% on day 1
The initial public offering of CMS Info Systems has been subscribed 29 percent, so far, on the first day of bidding, on December 21. It has received bids for 1.08 crore equity shares, against the IPO size of 3.75 crore equity shares.
MapmyIndia lists with 53% premium
CE Info Systems, popularly known for its brand MapmyIndia, made a strong debut on the bourses on December 21 despite volatility in the equity market, listing with a premium of 53 percent.
The stock opened at Rs 1,581 on the BSE against the issue price of Rs 1,033 per share, while on the National Stock Exchange, the opening price was Rs 1,565
The initial public offering of CMS Info Systems has been subscribed 10 percent, so far, on the first day of bidding. It has received bids for 38.76 equity shares, against the IPO size of 3.75 crore equity shares.
After receiving a strong response for its initial public offering on December 13-15, Data Patterns India will finalise the basis of its share allotment today.
The issue of the defense and electronics solutions provider was subscribed 119.6 times, with retail investors’ portion subscribed 23 times. Qualified institutional buyers and non-institutional investors bid for a whopping 190 and 254 times the portion of shares reserved for them, respectively.
The company will raise Rs 588 crore through the public issue. Of this, Rs 240 crore as a fresh issue will be utilized for capex expenditure, debt repayment and funding of working capital requirement.
Rupee rises 17 paise to 75.73 against US dollar in early trade
Snapdeal files for IPO
E-Commerce platform, Snapdeal, has filed for an IPO today. The company is backed by Softbank.
Bank Nifty
Bank Nifty index was nearing 35000 mark during the early hours of trade on Tuesday. The banking index was up nearly 1.5%.
Opening bell
Domestic markets opened in the green on Tuesday morning as benchmark indices looked to recoup losses suffered yesterday. Bank Nifty was up almost 1% while India VIX was down 4%.
Gold rates today, 21 December 2021: Gold rates today in Hyderabad, Bangalore, Kerala, and Visakhapatnam have been stable. Read Full Story