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The Sensex rose 308.49 points, or 0.42%, to 74,459.53 on Friday, 30 October, and the Nifty gained 116.35 points to 23,053.10, led by IT and pharma. Midcaps fell 0.93% and smallcaps 1.85%, and about 2,500 stocks declined against roughly 1,000 that advanced.
Prateek Rawat4 min
Alphabet's shares fell about 13% on Thursday, their worst day on record, erasing roughly $482 to 500 billion after third-quarter revenue and ad sales missed expectations. Investors questioned whether huge AI spending will pay off. The Nasdaq fell 1.38%; ServiceNow and Caterpillar also slumped.
Amita Sahani4 min
The Sensex rose 905 points, or 1.24%, to 74,151.04 and the Nifty gained 1.05% to 22,936.75 on Thursday, ending a two-day fall. The Fed's hold, lower crude on talk of diplomacy in West Asia, foreign buying and hopes of a cut in long-term capital gains tax lifted the market. Realty and PSU banks led.
Amita Sahani4 min
The Sensex fell 352.64 points, or 0.48%, to 73,246.03 and the Nifty lost 50.90 points to 22,698.85 on Wednesday as Brent crude rose above $115 after a refinery attack in Saudi Arabia and IT and oil stocks fell about 2%. L&T gained 3.7% after its results. The rupee closed at 95.23 to the dollar.
Amita Sahani4 min
Jio Platforms listed at Rs 1,358, a 21.36% premium, and settled at Rs 1,419 on the NSE, 26.8% above the Rs 1,119 issue price, valuing it at about Rs 13.05 lakh crore. The listing made Reliance Group India's most valuable business group, ahead of Tata Group, by market capitalisation.
Amita Sahani4 min
Jio Platforms shares debut on the NSE and BSE on Wednesday after India's largest IPO, a Rs 30,213 crore issue priced at Rs 1,119 and subscribed 22.19 times. Grey market quotes suggest a listing near Rs 1,363 to Rs 1,376, but the opening price is set at the pre-open session.
Amita Sahani4 min
Ola Electric's shares rose about 14% on Tuesday even as a SoftBank vehicle sold about 5.55 crore shares between January and October, cutting its stake to 11.7% from 12.9%, and sold rights entitlements in the Rs 999.74 crore rights issue, which closes on 30 October.
Prateek Rawat4 min
The Sensex closed 482.92 points higher at 73,606.75 and the Nifty gained 153.20 points to 22,753.20 on Monday, ending a four-day losing streak. Both dipped in the morning, the Sensex by about 609 points at one stage, before value buying and gains in metals, telecom and healthcare.
Prateek Rawat4 min
Jio Platforms' IPO was subscribed 22.19 times overall, with qualified institutions at 70.55 times, non-institutional investors at 14 times and retail at 2.72 times. The basis of allotment is due today, refunds and share credit on 27 October, and listing on 28 October.
Amita Sahani4 min
Foreign portfolio investors have withdrawn Rs 48,056 crore from Indian equities in October so far, after Rs 35,861 crore in September. Elevated crude oil prices, Middle East tensions, inflation worries and weak earnings are cited, along with the Jio IPO soaking up liquidity.
Amita Sahani4 min
Jio Platforms' Rs 30,213 crore IPO, subscribed about 22 times, will see its basis of allotment on 26 October, refunds on 27 October and listing on BSE and NSE on 28 October. The unofficial grey market premium was around Rs 243 to 246 a share on Saturday.
Prateek Rawat4 min
Bidding in the Jio Platforms share sale ended on Friday with the issue about 17.5 times subscribed at 4:38 pm, the last figure available. Institutions bid 52 times their quota and retail investors 2.6 times. Allotment is due on Monday and listing is planned for Wednesday.
Prateek Rawat4 min
