Share Market LIVE: SGX Nifty hints gap-up start for Sensex, Nifty; Paradeep Phosphates shares to list today – The Financial Express

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Share Market News Today | Sensex, Nifty, Share Prices LIVE: Bulls were in action on Dalal Street on the monthly Futures & Options expiry yesterday, forcing benchmark indices higher. S&P BSE Sensex zoomed 503 points or 0.94% to settle at 54,252 while the NSE Nifty 50 index soared 144 points or 0.90% to end the day at 16,170. Bank Nifty index jumped 2.2%. Entering the final trading session of the week, SGX Nifty was up with gains suggesting a continuation of yesterday’s momentum. Global cues were positive after Wall Street equity indices zoomed on Thursday.

Shares of Paradeep Phosphates will make their stock market debut today. The Rs 1,501 crore IPO of the company was a mix of fresh issue of equity shares and an Offer For Sale. Paradeep Phosphates offered shares to investors in the fixed price band of Rs 39-42 per share. The issue was oversubscribed by Qualified Institutional Buyers, bidding for their portion 3.01 times while the Retail Investor Portion of the issue was subscribed 1.37 times. Non-Institutional Investors were not gung ho on the issue and failed to fully subscribe to their portion. This took the overall subscription to 1.75 times. 

Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates

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