Benchmark S&P BSE Sensex & Nifty 50 hit fresh record highs of 63,023.17 and 18,808.50.
Source: BSE, NSE
The IPO was subscribed 16.61 times as of 1:54 p.m. on Nov. 30.
Institutional investors: 5.97 times
Non-institutional investors: 32.34 times
Retail investors: 15.98 times
Employee Reserved: 5.39 times
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The broader indices outperformed their larger peers, with the mid-cap gaining 0.35% and the small-caps logging 0.38% in trade.
Fourteen out of the 20 sectoral measures complied by BSE advanced, while six declined with metal and realty stocks leading the advance on the benchmark indices.
The market breadth is skewed in favour of the bulls. About 1,928 stocks rose, 1,395 declined and 136 remained unchanged, as per the BSE data.
Inox Wind Energy and Inox Green Energy Services logged gains of 3.32% and 1.4% respectively, as the companies initiate strategic action to deleverage their balance sheet.
The companies together aim to reduce a total debt of Rs 411 crore.
Inox Wind Energy trades at 1.7 times the 30-day moving average.
On the other hand, Inox Green Energy Services rose as much as 3.72%, the most since it's listing on Nov. 23, 2022.
Source: Bloomberg, Exchange Filings
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The broader indices outperformed their larger peers, with the mid-cap and small-cap gauges gaining 0.39% and 0.38%, respectively.
Sixteen of the 19 indices compiled by BSE advanced with power and utilities indices gaining the most.
The market breadth is skewed in favour of the bulls. About 1,737 stocks rose, 632 fell and 126 stocks remained unchanged.
Yield on the 10-year bond opened flat at 7.29% on Wednesday.
Source: Bloomberg
China’s PMI fell to 48 in November, the lowest reading since April.
It also missed the consensus analyst estimate of 49.
Source: Bloomberg
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Wipro: Societe Generale bought 18 lakh shares (0.03%) and BNP Paribas Arbitrage sold 18 lakh shares (0.03%) at Rs 405 apiece.
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