Due to continued decline in global markets, the domestic market also had a bad start today. Both Sensex and Nifty went into the red in early trading on the first day of the week. However, the damage appears to be limited due to support at the local level.
When the market opened at 9.15 am, both the major indices BSE Sensex and NSE Nifty showed slight gains. However, within a few minutes of trading the situation began to reverse. At 9.25 am, BSE Sensex fell 60 points to close at 74,060. At the same time, Nifty 50 index was down 14 points at 22,480 points.
Opportunity to invest in Gopal Snacks Limited IPO
The IPO of Gopal Snacks Limited has opened for retail investors from today i.e. March 6. Retail investors can bid for this IPO from March 6 to March 11. The company's shares will be listed on the National Stock Exchange and Bombay Stock Exchange on March 14.
Gopal Snacks Limited has fixed the issue price band at ₹381-₹401. Retail investors can bid for a minimum of one lot i.e. 37 shares. If you apply for 1 lot as per the upper price band of the IPO at ₹401, you will have to invest ₹14,837. At the same time, retail investors can apply for a maximum of 13 lots i.e. 481 shares. For this, investors will have to spend Rs 192,881 as per the upper price band.