Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty danced between gains on losses on Tuesday before ending flat with a negative boas. ITC, Axis Bank, ICICI Bank end in red.
Gold edged higher and the dollar weakened as hopes for a U.S. coronavirus aid package ahead of the presidential election rose.
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty ended Tuesday’s session flat with negative bias. It was a volatile day for the benchmarks that started the day with gains and then slipped to trade with losses. S&P BSE Sensex ended 8 points or 0.02% lower at 37,973.22 points while the Nifty 50 finished trading at 11,222 points. Ultratech Cement shares jumped over 3%, followed by TCS, and Tata Steel gaining over 2.5%. Shares on ONGC tanked nearly 4% while those of IndusInd bank slipped over 3%. ICICI Bank, Axis Bank, SBI, and Kotak Mahindra Bank ended with losses.
The week is again witnessing a rush of initial public offerings (IPO) with three of the issues opening for subscription today. These include UTI Asset Management Company, Mazagon Dock Shipbuilders Ltd, and Likhitha Infrastructure. Among the three issues, UTI Asset management Company’s Rs 2,160 crore IPO will be the largest followed by Mazagon Dock Shipbuilders’ Rs 444 crore issue and then Likhitha Infrastructure’s Rs 61.2-crore IPO. The three issues will remain open for subscription till Thursday. Investors have so far shown positive response to a number of IPOs that have made it to Dalal Street in recent weeks. Happiest Minds and Route Mobile have seen bumper listings on the street.