Though the IOB counter may have failed to attract much activity on its first day of listing at Bombay Stock Exchange (BSE) on Tuesday, it's shares were in the limelight on Wednesday with the counter beginning to attract huge trading volumes. Wednesday's trading set a positive tone since the volume touched a high of 1.90 lakh shares from the first day's volume of just 8,551 shares. With a lot of hype, IOB was listed on the BSE on Tuesday. The stock opened at the offer price of Rs 10. During the day, it scaled to a high of Rs 10.20 before finally closing at Rs 10.10.

On Wednesday, the stock touched a high of Rs 10.85 before finally closing at Rs 9.80, which is a 2 per cent discount from the offer price. However, the market sources said, "Though the scrip has not done well both on NSE and BSE it might do well in the long run, we have to wait for a few days.

" On the NSE, the stock opened slightly above the offer price at Rs 10.70 and during the day the stock moved to a peak of Rs 10.75 before closing at Rs 9.90. On the NSE, IOB saw as many as 1.80 lakh shares changing hands.