Stock Market LIVE: Nifty, Sensex At Day's High As HDFC Bank, SBI Shares Support Gains
Adani Enterprises Ltd. and Tata Motors Ltd. shares led gains in the Nifty 50 index.
KEY HIGHLIGHTS
Larsen & Toubro Share Price Rises As It Gets Order Worth Over Rs 15,000 Crore From Adani Power
Larsen & Toubro Ltd. share price rose 1.65% to Rs 3,666 apiece, the highest level since Aug 6. It was trading 1.09% higher at Rs 3,647 as of 1:27 p.m., compared to 0.51% advance in the NSE Nifty 50 index.
Stock Market Live: L&T Gets Order Worth Rs 15,000 Crore
Larsen & Toubro Ltd. received an order over Rs 15,000 crore from Adani Power Ltd. for 6,400 megawatt thermal power.
RBI Said To Have Sold At Least $5 Billion To Boost Rupee
India’s central bank sold US dollars across both onshore and offshore currency markets this month to prop up the rupee as it weakened toward a record low, according to people familiar with the transactions.
The Reserve Bank of India sold at least $5 billion worth of the US currency, one of the people said, asking not to be identified as the information is private. The RBI didn’t immediately respond to an email requesting comment on the matter. If the trend persists, it could become RBI’s largest month of net dollar sales since January.
JSW Cement IPO Fully Subscribed On Final Day; GMP Falls
JSW Cement Ltd.'s initial public offering was fully subscribed on its third and final day of bidding on Monday. The portion for retail and non-institutional investors was overbooked. The price band for the IPO is set between Rs 139 and Rs 147 apiece.
The IPO size is Rs 3,600 crore, including Rs 1,600 crore via a fresh issue, while existing shareholders, including State Bank of India, will sell shares via an offer for sale aggregating up to Rs 2,000 crore.
Medistep Healthcare IPO, Day 2: Check Subscription Status, Latest GMP And More
The initial public offering (IPO) of Medistep Healthcare was subscribed 35.92 times on the second day of bidding as of 12:04 p.m. on Aug. 11. It received bids for 12,77,01,000 shares against 35,55,000 offered, as per the market tracking site Chittorgarh. The non-institutional investors booked the issue 13.05 times, and retail investors subscribed to the issue 58.75 times.
