Nifty ends below 10,500, Sensex down nearly 300 pts; PSU bank index dips 2%

All that happened in the markets today.

8:40 AM

Wall Street

Wall Street surged on Thursday to notch its fifth straight session of gains, led by Apple and other technology stocks as investors shrugged off recent inflation worries that sent the market into a sell-off at the start of the month.

The Dow Jones Industrial Average rose 306.88 points, or 1.23%, to 25,200.37, the S&P 500 gained 32.57 points, or 1.21%, to 2,731.2 and the Nasdaq Composite added 112.82 points, or 1.58%, to 7,256.43.

8:38 AM

Pay retail investors for failure in IPO allotment: Sebi tells bankers

 

Investment bankers handling initial public offerings (IPOs) will have to compensate retail investors —those investing up to Rs 200,000—if they fail to get an allotment due to mishandling. In a circular released on Thursday, the market regulator directed banks to provide compensation to investors if any failure on their part results in non-allotment of shares to retail applicants READ MORE

Representative Image (Photo: Shutterstock)

8:36 AM

Aster DM Healthcare's Rs 9.8-billion IPO gets lukewarm response

 

Aster DM Healthcare's Rs 9.8-billion initial public offering (IPO) garnered just 1.33 times subscription.

 

The high net worth individual (HNI) portion of the IPO was subscribed only 60 per cent, institutional investor portion saw 2.14 times subscription and retail portion was subscribed 1.33 times as on 5 pm

8:35 AM

Today's picks: From Airtel to Hindalco, hot stocks to watch on Friday

 

Nifty Current: 10,545 (fut: 10,557) Target: NA Stop-long positions at 10,475. Stop-short positions at 10,630. Big moves could go till 10,425, 10,680. A long 10,500p (66), short 10,400p (40) could gain 15-20 if the futures drops below 10,475.

 

Bank Nifty Current: 25,424 (fut: 25,440) Target: NA Stop-long positions at 25,325. Stop-short positions at 25,575.

 

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8:33 AM

Markets on Thursday

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	34,297.47	+141.52	+0.41
S&P BSE SENSEX 50	11,003.66	+48.16	+0.44
S&P BSE SENSEX Next 50	34,601.95	-302.24	-0.87
S&P BSE 100	10,937.42	+25.19	+0.23
S&P BSE Bharat 22 Index	3,682.22	+6.01	+0.16

8:23 AM

SGX Nifty

SGX Nifty was trading at 10,590, up 0.3% from the previous close.

8:22 AM

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