Volatility jumped on Friday morning. (Image: REUTERS)
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets began the day’s trade in the negative territory. S&P BSE Sensex was down over 100 points on opening while the Nifty 50 index was below 14,850. Banking and finance stocks were the laggards on Dalal Street with ICICI Bank, Kotak Mahindra Bank, and Bajaj Finance the top index drags. HUL, Power grid, Sun Pharma were the top gainers on Sensex. Volatility surged nearly 3%, helping India VIX near 21 levels. Bank Nifty and Nifty Private Bank index were down 1.2% each.
The initial public offering of Macrotech Developers ended the second day of subscription with investors bidding for just 35% of the issue. Of this Qualified Institutional Buyers (QIB) were the most active bidders, subscribing 65% of their portion. Non-Institutional Investors (NII) have so far bid for just 19% of their quota while retail investor bids are at 25%. Employees of Macrotech Developers have subscribed 10% of the portion reserved for them. The firm, formerly known as Lodha Developers is looking to raise Rs 2,500 crore from the market. Shares are priced at Rs 483-486 apiece. Today will be the last day to bid for the IPO.
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