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Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic markets saw bulls make a comeback attempt on Tuesday as Dalal Street surged higher. S&P BSE Sensex ended at 56,319, gaining 497 points or 0.89% while NSE Nifty 50 index zoomed 156 points or 0.94% to settle at 16,770. Broader markets mirrored the up-move. Ahead of Wednesday’s trade, SGX Nifty was up in the green, hinting at a positive start to the day’s trade. Global cues were mixed during the early hours of trade as Asian markets traded mixed despite a strong up-move charted by NASDAQ, Dow Jones, and S&P 500 overnight.
Metro Brands shares will start trading on the stock exchanges today. Backed by ace investor Rakesh Jhunjhunwala, Metro Brands IPO saw a positive response from investors earlier this month. During the three-day bidding process for the public issue, all investor categories were oversubscribed with Qualified Institutional Buyers (QIB) subscribing their portion 8.49 times. Non-Institutional Investor (NII) quota was bid for 3.02 times while retail category subscription reached 1.13 times, taking the overall bidding tally to 3.64 times the issue size. Metro brands raised Rs 1,367 crore from the IPO of which the fresh issue was worth Rs 295 crore.
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