On Friday, Metal consumer durables and PSU bank stocks were in demand. The Nifty opened in the morning higher and hit the day’s high of 17,685.85. The index witnessed hit the day’s low of 17,519.35.
As per provisional closing data, the barometer index, the S&P BSE Sensex, was up 59.15 points or 0.10 per cent to 58,833.87. The Nifty 50 index gained 36.45 points or 0.21 per cent to 17,558.90.
The S&P BSE Mid-Cap index gained 0.40 per cent, while the S&P BSE Small-Cap index rose 0.35 per cent. On the Bombay Stock Exchange (BSE), the shares up 2,003 and 1,414 shares fell, and 150 shares remained unchanged. Meanwhile, the NSE’s India VIX, a market volatility gauge over the near term, slipped 6.92 per cent to 18.22.
This week, The initial public offer (IPO) of Dreamfolks Services received bids for 44,38,45,352 shares against 94,83,302 shares on offer. The issue was subscribed 46.80 times. The IPO, with a price band of Rs 308-326 a share, will remain open for public subscription from 24 to 26 August 2022. The minimum number of equity shares is 46, which an investor can bid on in multiple ways.
Yesterday, Wall Street ended sharply higher, lifted by gains in Nvidia and other technology-related stocks as investors focused on the Federal Reserve’s Jackson Hole conference for clues about the central bank’s policy outlook.