Indian equity indices ended with small gains on Wednesday. Although Pharma, Realty and healthcare stocks gained today, IT, oil & gas and private bank shares declined.
Nifty 50, having opened higher at 20929.75, entered into negative terrain to hit the day’s low of 20,769.50 in early afternoon. However, as the day went by the index recovered the losses and entered its way back into the positive terrain to settle above the 20,900 level.
The barometer index, the S&P BSE Sensex added 33.57 points or 0.05% to 69,584.6. The Nifty index rose 19.95 points or 0.10% to 20926.35.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index gained 1.06% and the S&P BSE Small-Cap index added 0.73%.
The market breadth was positive. On the BSE, 2,182 shares rose and 1,590 shares fell. A total of 118 shares were unchanged.
The NSE’s India VIX, a gauge of the market’s expectation of volatility over the near term, advanced 5.09% to 12.07.
IPO Updates :
The initial public offer (IPO) of DOMS Industries received bids for 3,85,23,870 shares as against 88,37,407 shares on offer, according to stock exchange data at 15:30 IST on Wednesday (13 December 2023). The issue was subscribed 4.36 times.
The IPO of India Shelter Finance Corporation received bids for 1,87,01,280 shares as against 1,79,10,449 shares on offer, according to stock exchange data at 15:30 IST on Wednesday (13 December 2023). The issue was subscribed 1.04 times.
Written by Nalin Suriya S.
