MARKET UPDATE:Sensex hovered around 52,680 levels, up 90 points and Nifty topped the 15,800-mark
Published On: Wednesday, June 23, 2021 | By: Team KnowMyStock
The benchmark indices in India traded flat with a positive bias in morning deals today(23rd June 2021)after a volatile start to the session. The S&P BSE Sensex hovered around 52,680 levels, up 90 points, or 0.17 percent, and the broader Nifty50 index topped the 15,800-mark. IndusInd Bank and Tata Steel were the top Sensex gainers. All the Nifty sectoral indices traded in the green, led by the Nifty Metal index, up 0.8 percent. In the broader markets, the S&P BSE MidCap index was flat while the SmallCap index ticked up 0.2 percent. Sixty-four companies, including Apollo Hospitals Enterprise, Mcleod Russel India, Allcargo Logistics, and HCC are scheduled to release their quarterly earnings today.
The action in the primary market continues with India Pesticides' Rs 800 crore initial public offer (IPO) opening for subscription on Wednesday. The IPO is priced in the range of Rs 290-296 per share. Analysts have largely assigned 'Subscribe' rating to the issue on the back of positive growth prospects, strong financials, and reasonable valuations.
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