look news india
After heavy fluctuations throughout the day, the Indian stock market closed flat on the second day. However, strong buying is being seen in midcap and smallcap stocks. At the end of today's trading, the BSE Sensex closed down 33 points at 76,456 points, while auto sector stocks rose. At the same time, the National Stock Exchange's Nifty closed with a marginal gain of 6 points at 23,265 points.
Market cap at record high
Indian stock market may have closed flat but the market value of shares listed on BSE closed at a record high. The value of shares listed on the exchange closed at Rs 427.05 lakh crore. Which closed at Rs 425.22 lakh crore in its first session. In today's trade, the market cap closed at Rs. 1.83 lakh crore with a jump of Rs.
market opening
On the second day of the week, the market opened on the green mark. As soon as the stock market opened at 9.30 am, the Sensex opened at 76,548.97 with a gain of 58.89 points. While the Nifty opened at 23,284 points, up 25.25 points. It is worth noting that after the formation of the new government of PM Modi, the stock market reached a historic high. The Sensex opened above 77 thousand.
ixigo's IPO was subscribed more than 5 times in the retail category
Today (11 June) is the second day of the IPO of Le Travelogue Technology, the parent company of travel aggregator ixigo. Yesterday, on the first day, the IPO was subscribed more than 5 times in the retail category. Retail investors can bid for this IPO till 12 June.
Prior to listing, the company's shares were trading at a premium of 28% or ₹26 per share in the grey market. As per the grey market price (GMP), it may be listed at ₹119 (93+26=119) with respect to the upper price band of ₹93. 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.