Stock Market Live Updates: SGX Nifty hints at positive start for Sensex, Nifty; MapMyIndia shares to list today

MapmyIndia to debut today

CE Info Systems, widely known as MapmyIndia, will make its debut on the bourses on December 21. Experts largely feel the listing premium could be in the range of 50-80 percent over the issue price, though there could be some impact of current market volatility.

The expected listing premium is largely attributed to the company's healthy financials with no debt burden, and stellar subscription to its initial public offering (IPO).

MapmyIndia, which offers proprietary digital maps as a service (MaaS), software as a service (SaaS) and platform as a service (PaaS), received tremendous response from investors as the offer was subscribed 154.71 times during December 9-13 with support from all kind of investors.

Non-institutional investors bought shares 424.69 times the portion set aside for them, the qualified institutional buyers’ portion was booked 196.36 times, while the reserved portion for retail investors was subscribed 15.20 times.

Asian Markets

Asian indices are trading higher on Tuesday, with Nikkei gained nearly 2 percent, while Straits Times, Hang Seng up 0.5 percent each.

US Markets

U.S. stocks ended trading on Monday down by more than 1%, pressured lower by surging Omicron coronavirus cases and a possible fatal blow to a $1.75 trillion U.S. domestic spending bill, with oil prices plunging.

The Dow Jones Industrial Average closed 1.23% lower at 34,932.16, while the S&P 500 ended the day down 1.14% at 4,568.02. The Nasdaq Composite dropped 1.24% to 14,980.94.