At 10:30 IST, the barometer index, the S&P BSE Sensex, was up 15.23 points or 0.02% to 72,777.12. The Nifty 50 index added 25.25 points or 0.11% to 22,022.85.
The broader market outperformed the headline indices. The S&P BSE Mid-Cap index jumped 1.11% and the S&P BSE Small-Cap index surged 1.78%.
The market breadth was strong. On the BSE, 2,351 shares rose and 1,257 shares fell. A total of 116 shares were unchanged.
New Listing:
Shares of Gopal Snacks were currently trading at Rs 379 at 10:25 IST on the BSE, representing a discount of 5.49% as compared with the issue price of Rs 401.
The scrip was listed at Rs 350, exhibiting a discount of 12.72% to the issue price.
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On the BSE, over 2.77 lakh shares of the company were traded in the counter so far.
Shares of Koura Fine Diamond Jewelry were currently trading at Rs 71.25 at 10:25 IST on the BSE, representing a premium of 29.54% as compared with the issue price of Rs 55.
The scrip was listed at Rs 211, exhibiting a premium of 36.36% to the issue price.
On the BSE, over 4.02 lakh shares of the company were traded in the counter so far.
Buzzing Index:
The Nifty Media index gained 1.54% to 1,815.95. The index dropped 10.05% in the past three trading sessions.
Dish TV India (up 6.4%), Hathway Cable & Datacom (up 4.18%), Zee Entertainment Enterprises (up 1.96%), D B Corp (up 1.93%), Nazara Technologies (up 1.65%), Network 18 Media & Investments (up 1.62%), Sun TV Network (up 1.25%), PVR Inox (up 0.92%) and Saregama India (up 0.42%).
Stocks in Spotlight:
Cyient rose 4.10% after the company said that it has signed multi-year services agreement with Airbus for cabin and cargo engineering.
Adani Enterprises gained 3.95% after the Adani ConneX's Hyderabad site awarded five-star safety grading by British Safety Council.
IIFL Finance shed 0.49%. The company approved raising up to Rs 2,000 crore via share and NCD issuance.
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