Stock Market Today Live Updates: A day after witnessing a major slide in indices, Indian benchmark indices Sensex and Nifty opened on Thursday (March 14) on a lower note. Sensex opened 194.40 points, or 0.27 per cent lower at 72, 567.50 while Nifty slipped 15.20 points, or 0.07 per cent at 21,982.50.
Asian market remained largely in mixed territory. Nikkei lost 0.10 per cent at 38,656.13 while Kospi gained 0.57 per cent at 2,708.59.
International crude oil prices remained underpinned after recent attacks on Russian refineries. Brent crude oil futures rose 0.20 per cent at 84.20 while US WTI gained 0.16 per cent at 79.85.
Share Market Live Update: Indian benchmark indices Sensex and Nifty closed marginally higher.
Sensex closed 335.39 points, or 0.46 per cent higher at 73,097.28 while Nifty inched 148.95 points, or 0.68 per cent at 22,146.65.
Share Market Live Update: Nifty Bank is trading 97.10 points, or 0.19 per cent at 46,895.45
Share Market Live Update: Nifty IT is trading 461.80 points, or 1.25 per cent at 37,404.55.
Top gainers:
> Mphasis, 3.18 per cent at 2,450.90
> Infosys, 2.35 per cent up at 1,649.25
> HCL Tech, 1.74 per cent up at 1,659.90
> Wipro, 1.41 per cent up at 511.50
Gopal Snacks stock debut with nearly 13 pc discount New Delhi, Mar 14 (PTI) Shares of Gopal Snacks Ltd on Thursday made their market debut with a discount of nearly 13 per cent against the issue price of Rs 401.
The stock listed at Rs 350, down 12.71 per cent from the issue price on the BSE. It further tanked 14.71 per cent to Rs 342.
At the NSE, shares of the company started the trade at Rs 351, a discount of 12.46 per cent.
The company commanded a market valuation of Rs 4,791.66 crore.
The Initial Public Offer (IPO) of Gopal Snacks received 9.02 times subscription on Monday, the last day of bidding.
The initial share sale had an offer for sale of up to Rs 650 crore.
The IPO was entirely an OFS (Offer For Sale) of equity shares by promoters and other selling shareholders.
The price range for the offer was at Rs 381-401 a share.
Founded in 1999, Gopal Snacks is a fast-moving consumer goods company in India, offering namkeen, western snacks, and other products across India and internationally.
As of September 2023, the namkeen makers’ products were sold in 10 states and 2 union territories. It has a network of 3 depots and 617 distributors.
The company operates three manufacturing facilities — Rajkot and Modasa in Gujarat, and Nagpur in Maharashtra.
Furthermore, it runs three ancillary manufacturing facilities that mostly produce ‘besan’, raw snack pellets, seasoning, and spices.
These are mainly used internally to make finished products like namkeen, gathiya, and snack pellets.
Share Market Live Updates: Expecting a strong expansion in the Indian economy next fiscal year, Global ratings agency Fitch Ratings on Thursday (March 14) raised India’s FY25 GDP growth forecast to 7 per cent from 6.5 per cent earlier.
Share Market Live Update: Reliance Industries’ stock climbed over 1 per cent on Thursday morning following news that Paramount Global has agreed to sell its 13 per cent stake in its Indian TV business to the company for Rs 4,286 crore.
Shares of the country’s most valued firm jumped 1.13 per cent to Rs 2,897.35 on the BSE.
At the NSE, the stock climbed 1.14 per cent to Rs 2,897.05.
The company’s market valuation stood at Rs 19,52,171.94 crore in the early trade.
-From PTI
Share Market Live Update: Shares of defence PSU Hindustan Aeronautics Ltd (HAL) are up 82.15 points, or 2.78 per cent at 3,124.00 after bagging Rs 8,073 crore defence ministry orders.
Share Market Today Live Updates: Shares of One97 Communication have tanked 9.75 points, or 2.78 per cent at 341.20 apiece.
Share Market Today Live Updates: Nifty PSE, CPSE and other top sectoral indices are in green as broader market stages a comeback.
Share Market Today Live Updates: Sensex opened 194.40 points, or 0.27 per cent lower at 72, 567.50 while Nifty slipped 15.20 points, or 0.07 per cent at 21,982.50