The SME IPO of Sai Swami Metals opened for subscription on Tuesday and will close on May 3. The company aims to raise about Rs 15 crore through the SME IPO and list the shares on the BSE SME platform.
By the 12.15 pm on Monday, BSE Sesnex rose more than 680 points, or 0.90 per cent to 74,410.56. NSE's Nifty50 index rallied more than 150 points, or 0.70 per cent to 22,571.55.
Among broader markets and sectors, the banking gauge, the Nifty Bank slipped 474 points to 48,564. The midcap index also declined by 313 points, closing at 50,068.
India s rise in the MSCI EM index, with a weight of 18.2%, has sparked global conversations about its potential to surpass the dominance of China in the popular stock market index for investors in emerging markets. Factors such as strong corporate earnings and foreign investment inflows contribute to India s growth, while China faces challenges with declining weight and slumping stock prices.
The price action was accompanied by strong volumes with nearly 3.60 crore shares changing hands on the NSE around 10:15 am. The total traded value of the share stood at Rs 528.56 crore. The uptick in today s session has broken the stock s five-session losing streak.