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Indian stock market opened flat today and fell heavily. As soon as the market opened, the Sensex fell by 128 points to 73,885, slipping from the level of 73,900.
How is the stock market?
The stock market opened flat today and BSE Sensex opened with a slight gain of 7.75 points at 74,022. NSE's Nifty opened at 22,458.
During early trading, out of 30 Sensex stocks, 21 declined and 9 gained. Today there is more weakness in IT and banking stocks. At the same time, energy stocks are rising.
Opportunity to invest in Bharti Hexacom Limited IPO
The initial public offer (IPO) of Bharti Hexacom Limited, a subsidiary of Bharti Airtel, has opened for public subscription from tomorrow i.e. April 3. Retail investors can bid for this IPO from April 3 to April 5. The company's shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on April 12.
For this IPO, the retail investor will have to apply for at least one lot i.e. 26 shares. The company has fixed the price band of the IPO at ₹542-₹570 per share. If you apply for 1 lot as per the upper price band of the IPO at ₹570, you will have to invest ₹14,820. Retail investors can bid for a maximum of 13 lots i.e. 338 shares, for which they will have to invest ₹192,660.