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Market zooms higher as momentum continues


Domestic indices further extended gains and hit fresh record high in mid-morning trade. The Nifty scaled the crucial 14,800 mark. At 11:27 IST, the barometer index, the S&P BSE Sensex, surged 516.30 points or 1.04% at 50,314.66. The Nifty 50 index was up 162.80 points or 1.11% at 14,810.75.
The Sensex scaled record high of 50,377.52 while the Nifty recorded an all time high of 14,828.85.
The rally was broad based. The S&P BSE Mid-Cap index was up 1.45% while the S&P BSE Small-Cap index was up 1.47%.
The market breadth was strong. On the BSE, 1726 shares rose and 898 shares fell. A total of 175 shares were unchanged.
The Union Budget 2021 unveiled on 1 February 2021 supported all the essential aspects of growth by an increase in government spending without an increase in indirect taxes. The Budget offered huge stimulus to infrastructure, capex, healthcare and boosted the credit flow by taking out the toxic assets of the banking system. Increased FDI limit in insuran ....

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Home First Finance share lists at 19% premium to issue price


Home First Finance share lists at 19% premium to issue price
© India Today Group
Home First Finance share lists at 19% premium to issue price
Shares of mortgage financier Home First Finance listed at a 19% premium to its issue price on Wednesday.
The stock made its market debut at Rs 612.15 against issue price of Rs 518 on BSE amid a Budget-driven bullish market.
The stock hit the day s high at Rs 639.50 on BSE and at Rs 640 on NSE. The share later fell on profit-booking and touched day s low at Rs 565 on BSE and NSE.
The initial public offer of Home First Finance Company India, with a price band of Rs 517 to Rs 518 per equity share was fully subscribed on the first day itself on January 21. The issue was subscribed 26.57 times during the three-day share sale that ended on January 23. ....

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Home First Finance set to ride Budget rally, eyes strong listing on Wednesday


Home First Finance set to ride Budget rally, eyes strong listing on Wednesday
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The stock was commanding a grey market premium of Rs 130 helped by the post-Budget rally in the secondary market, said dealers.
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Dealers said that the rally in the secondary market after the Budget has resulted in the grey market premium of the scrip nearly doubling within two days.
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MUMBAI: Home First Finance Company India is set to replicate the strong debut made by Indigo Paints today, when the shares of the company are listed on the bourses on Wednesday. ....

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