Mumbai4 minutes ago
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On the first trading day of the week, i.e. today, Monday, June 10, the Sensex rose by 386 points to reach an all-time high of 77079. Nifty also gained 121 points and reached a record high of 23,411. However, now there is a slight decline in the market.
In today’s trading, out of 30 Sensex stocks, 14 are up and 16 are down. PowerGrid’s shares have risen the most by 3.30%. At the same time, shares of Axis Bank, UltraTech, Nestle and SBI are up by more than 1%. Shares of Tech Mahindra, Wipro, Infosys are in decline.
IPO of ixigo’s parent company will open from today
The initial public offer (IPO) of Le Travelogue Technology, the parent company of travel aggregator ixigo, is opening for public subscription from today. Retail investors will be able to bid for this IPO from June 10 to June 12.
The company wants to raise a total of ₹740.10 crore through this issue. For this, the company will issue 12,903,226 new shares worth ₹120 crore. At the same time, the existing investors of the company will sell 79,580,900 shares worth ₹ 740.10 through Offer for Sale i.e. OFS.
On the other hand, Chronox Lab Sciences will be listed. Cronox is a specialty chemical manufacturer. The company had fixed the IPO price band at ₹129-₹136 per share.
FIIs sold shares worth Rs 16,971 crore
Last week, foreign institutional investors (FIIs) sold shares worth over Rs 16,971 crore, but they bought over Rs 4,669 crore in the debt segment. Whereas DIIs made purchases worth more than Rs 5,578 crore in the cash segment. In the coming week, foreign investors may continue selling shares.
The US market was falling on Friday
American markets closed on the decline on Friday. There was a weakness of 87 points in Dow Jones and it closed at the level of 38799. The Nasdaq Composite fell by 40 points. It closed at the level of 17133. The S&P 500 index closed down 6 points at 5346.
On June 7, Sensex made all-time high of 76,795.
After increasing the GDP estimates of the Reserve Bank, on the last trading day of the week i.e. June 7, the Sensex reached an all-time high of 76,795. However, later it came down slightly and the Sensex closed at 76,693 with a gain of 1,618 points.
At the same time, Nifty also saw an increase of about 500 points during trading and it reached the level of 23,320. Nifty closed at 23,290 with a gain of 468 points. This is the all-time closing high of Nifty.
All 30 Sensex stocks were on a rise. M&M’s shares have gained the most by 5.83%. Whereas IT company Wipro and Tech Mahindra had a rise of about 5%. Shares of Tata Steel, Infosys and Bharti Airtel have risen about 4%.
