look news india
In the first trading session of the week, the Indian stock market managed to touch a historic high in the morning session. But after the end of trading, the market closed with a decline due to profit booking by investors. Heavy profit booking is being seen in IT and banking stocks.
The Sensex fell 590 points and Nifty 150 points from the day's high. While the Nifty Smallcap index closed with strong gains, the Nifty Midcap index closed flat due to strong buying in smallcap stocks. In today's trade, the BSE Sensex fell 203 points to close at 76,490 points and the National Stock Exchange's Nifty fell 31 points to close at 23,259 points.
This is how the market started
PM Modi took oath as the Prime Minister on 9 June, the very next day the market opened with a boom. After the formation of the new government, a record breaking boom was seen in the market. Sensex opened with a gain of 310 points at 77,003 points while Nifty opened with a gain of 103.65 points at 23,393 points.
ixigo's parent company's IPO will open today
The initial public offering (IPO) of Le Travelogue Technology, the parent company of travel aggregator ixigo, has opened for public subscription from today. Retail investors can bid for this IPO from June 10 to June 12.
The company intends to raise a total of Rs 740.10 crore through this issue. For this, the company will issue 12,903,226 new shares worth Rs 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.