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Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets opened with losses on Monday morning as bears continued to dominate. S&P BSE Sensex was down more than 500 points or 1% after falling as much as 800 points during the opening minutes of trade to hit a low of 53,918. NSE Nifty 50 hit a low as 16,142 before recovering above 16,200 but was still down more than 1%. Bank Nifty slumped 1.6%, while India VIX soared 3.5% to near 22 levels. Broader markets mirrored the fall. HCL Tech was the top gainer on Sensex, up 1.46%, followed by Infosys. Bajaj Auto, Power Grid, Bajaj Finserv, and Ultratech Cement. IndusInd Bank was the top laggard, falling 2.85%, accompanied by Tech Mahindra, Reliance Industries, and Tata Steel.
The Life Insurance Corporation of India (LIC) IPO has so far been subscribed 1.79 times with investors being allowed to bid for the issue even on the weekend. Entering the final day of the subscription period, LIC IPO has garnered bids for 29.08 crore shares against 16.20 crore that are on offer. All investor categories have been oversubscribed, except Qualified Institutional Buyers (QIB), who have bid for 0.67 times their reserved portion. NII subscription is at 1.24 times, and that of Retail investors is at 1.59 times. Employees of LIC have subscribed to their portion 3.79 times and Policyholder subscription is at 5.04 times.
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