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  1. BSE Sensex settles at 35,689.60 after 300-point rally; Nifty50 ends above 10,800; RITES, Fine Organic IPOs close

BSE Sensex settles at 35,689.60 after 300-point rally; Nifty50 ends above 10,800; RITES, Fine Organic IPOs close

Sensex live updates: Last hour buying on the domestic bourses sent the BSE Sensex soaring by over 300 points and NSE Nifty50 rising almost 100 points higher on Friday.

By: | Updated:Jun 22, 2018 5:28 pm
India’s stock markets opened lower on Friday following Asian peers.

Last hour buying on the domestic bourses sent the BSE Sensex soaring by over 300 points and NSE Nifty50 rising almost 100 points higher on Friday. The benchmark BSE Sensex settled at 35,689.60 points, up 257.21 points or 0.73%. The Nifty50 of the National Stock Exchange rose by 80.75 points or 0.75% to close at 10,821.85 points. Strong demand was seen for the initial public offering (IPO) of PSU firm RITES even on the last day.

The IPO saw a subscription of almost 66.74 times, with the non-institutional quota of the RITES IPO subscribed by 194.56 times on Friday. The initial public offering (IPO) of Fine Organic Industries were oversubscribed by 8.76 times of the shares offered, stock exchanges data at 5 p.m. showed.

“Markets opened the session flat, a rally which began at the opening continued to take the indices higher to close the session with gains of close to a percent. FIIs continue to sell whereas DIIs continue to buy. Reliance was the worst performing stock for the session after a considerable rally the stock has witnessed hitherto. Banks fared well in trade today,” said Nikhil Kamath, Co-Founder, Zerodha.

 

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Indian stock market live: Sensex, Nifty updates; check major gainers and losers here

17:22 (IST) 22 Jun 2018
Fine Organic Industries IPO offer closes; oversubscribed 8.76 times

The initial public offering (IPO) of Fine Organic Industries were oversubscribed by 8.76 times of the shares offered, according to stock exchanges data at 5 p.m. Non-institutional investors bid for 21 times the shares allotted for them, while Qualified Buyers bid for 12.85 times more. Retail category got 1.18 times bids.

17:17 (IST) 22 Jun 2018
RITES IPO offer closes! HNI quota oversubscribed 194 times

Strong demand was seen for the initial public offering (IPO) of PSU firm RITES even on the last day. The IPO saw a subscription of almost 66.74 times, with the non-institutional quota of the RITES IPO subscribed by 194.56 times on Friday. Qualified Institutional Buyers bid for 71.71 times the shares offered to them. The issue continued to see high participation in the retail category as well, with the retail portion getting 14.24 times bids.

16:35 (IST) 22 Jun 2018
BSE Sensex, Nifty50 soar on last hour buying; HDFC twins, banking stocks lead gains

BSE Sensex soars 300 pts on last hour buying; Nifty50 above 10,800; HDFC twins, banking stocks lead gains

Last hour buying on the domestic bourses sent the BSE Sensex soaring by over 300 points and NSE Nifty50 almost 100 points higher. According to market experts, good buying in the HDFC twins and most banking stocks added to the upward trajectory of both the key indices. The benchmark BSE Sensex settled at 35,689.60 points, up 257.21 points or 0.73%. The Nifty50 of the National Stock Exchange rose by 80.75 points or 0.75% to close at 10,821.85 points.

16:11 (IST) 22 Jun 2018
Sacchitanand Uttekar, Assistant Vice-President, Research at Tradebulls, says:

"Nifty saw a thrust in the final hour of trade as the HDFC twins added some steam & helped the index end it's day above its previous day's high. Eventually, it has formed a Long Legged Doji on the weekly scale & a sustained move above 10,900 should open the gates towards 11,060 for the coming week else expect the consolidated / constrained move to continue within 10,900-10700."

15:34 (IST) 22 Jun 2018
BSE Sensex closes 257.21 points or 0.73% up; Nifty50 settles at 10,821.85

BSE Sensex closes 257.21 points or 0.73% higher at 35,689.60 points. Nifty50 settles at 10,821.85, higher by 80.75 points or 0.75%.

15:28 (IST) 22 Jun 2018
Banking index gains; Axis Bank shares up over 2%

S&P BSE Banking index shot up 345.50 points or 1.17%, with shares of Axis Bank gaining 2.29%. Shares of ICICI Bank were up 1.68%, SBI up 1.66% and HDFC Bank up 1.27%.

15:15 (IST) 22 Jun 2018
BSE Sensex surges 245 points on last hour buying; Nifty50 up 90 points

BSE Sensex index surged 245.73 points to a high of 35,708.46 points on robust buying in blue chips like Sun Pharma, HDFC, M&M, Axis Bank, ITC, SBI, Bharti Airtel, NTPC, and HDFC Bank. The Nifty50 jumped almost 90 points to a high of 10,830.50 points.

14:37 (IST) 22 Jun 2018
RITES IPO offer: Less than 3 hours to go! Institutional quota oversubscribed 16 times

With only less than three hours left for the offer to close, RITES IPO was subscribed by over 12 times on Friday. Qualified Institutional Buyers bid for 16.53 times the shares offered to them. The issue continues to see high participation in the retail category as well with the retail portion getting 11.32 times bid so far.

14:13 (IST) 22 Jun 2018
Oil prices firm as OPEC meets

At 0800 GMT, benchmark Brent crude was up 75 cents a barrel at $73.80. U.S. light crude was 60 cents higher at $66.14. Oil prices were firm on Friday as OPEC is struggling to agree a deal to increase output to compensate for losses in production at a time of rising global demand.

13:27 (IST) 22 Jun 2018
Fine Organic Industries IPO closes today; oversubscribed 1.03 times

Fine Organic Industries Ltd (FOIL) initial public offering got fully subscribed on the third day of the bidding process on Friday. The IPO was subscribed 1.02 times more than the total issue size.

12:58 (IST) 22 Jun 2018
Private banks stocks mixed; Nifty Pvt Bank index down 0.12%

On the Nifty Private Bank index, shares of Axis Bank (up 0.99%), Federal Bank (up 0.43%), ICICI Bank (up 0.12%), and RBL Bank (up 0.12%) traded with gains. HDFC Bank (down 0.17%), Kotak Bank (down 0.18%), Yes Bank (down 0.23%), South Indian Ban (down 0.43%), IndusInd Bank (down 1.30%) and IDFC Bank (down 2.35%) shares traded lower.

12:44 (IST) 22 Jun 2018
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12:36 (IST) 22 Jun 2018
Sensex, Nifty50 back in green; M&M, ITC up 2%

Sensex trimmed losses and rose almost 40 points to a high of 35,472.34 points in mid-afternoon trade. The Nifty50 edged up 10 points to 10,751.50. Shares of M&M gained 2.08%, ITC rose 1.99%, Sun Pharma was up 1.28% and Axis Bank was up 0.95%. Shares of RIL were down 1.46%.

12:24 (IST) 22 Jun 2018
RITES IPO closes today; oversubscribed 2.64 times on 3rd day

RITES IPO was oversubscribed by 2.64 times on the third day of the offer. The issue will be closed for subscription today. On Thursday, RITES IPO was overscribed by 2.11 times with investors bidding for 5.32 crore shares of the 2.52 crore shares offered to them. Qualified Institutional Buyers bid for 0.32 times the shares offered to them, high net worth individuals bid for 0.48 times their allocation, retail investors 5.59 times and employees bid for 0.56 times of their allocation.

12:01 (IST) 22 Jun 2018
RIL shares plunge 2% after 3-day gain

Shares of Reliance Industries (RIL) fell over 2% to a low of Rs 1,010.45 per share on the BSE after a three-day gaining streak. On Thursday, RIL shares had closed at a fresh intra-day high of Rs 1,030 per scrip.

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