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Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian equity markets opened higher with Nifty above 17400 on the back of positive global cues. The Sensex was up 301.55 points or 0.52% at 58443.60, and the Nifty was up 91 points or 0.52% at 17443.50. Except metal, all other sectoral indices are trading in the green with oil & gas and realty indices up 1 percent each. BSE midcap and smallcap indices up 0.5-1 percent. M&M, HDFC Life, Grasim Industries, HCL Technologies and HDFC were among major gainers on the Nifty, while losers were Power Grid Corp, Dr Reddy’s Lab, Shree Cements, Eicher Motors and Tata Motors. Global cues were strong as Wall Street ended sharply higher on Tuesday on the back of de-escalating tensions along the Russia-Ukraine border.
Vedant Fashions shares made a modest listing on stock exchanges as stock opened 8.08% up at Rs 938 apiece from IPO price of Rs 866 apiece. At listing, the market capitalisation of the company stood at Rs 22,716.23 crore, according to BSE data. This is the third company to list on bourses in calendar year 2022, after the AGS Transact Technologies, and Adani Wilmar. The Rs 3,149 crore Vedant Fashions IPO was subscribed 2.57 times on the final day. The company mopped up Rs 3,149.19 crore through its public issue last week. The IPO was a complete offer for sale, which means the company will not receive issue proceeds.
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