Nifty has made a new all-time high today i.e. on 12th June. During trading, it touched the level of 23,440. Currently, it is trading at the level of 23,400 with a gain of more than 150 points.
Sensex is also up by more than 500 points today. It is trading at the level of 76,950. Energy and IT stocks are gaining more. Out of 30 stocks of Sensex, 25 are seeing a rise and 5 are seeing a fall.
Reasons for the boom in the marketThe US market had a mixed trading session on Tuesday. The Dow Jones closed at 38,747 with a gain of 0.31%. The S&P closed at 5,375.32, up 0.27%.Foreign institutional investors sold shares worth Rs 111.04 crore on June 11.
Domestic institutional investors bought shares worth Rs 3,193.29 crore. Due to this, the sentiment is bullish.
Retail inflation data for May will be released this evening. According to experts, it may decrease. Retail inflation rate was 4.83% in April.
This is supporting the market.Last day of Le Travelues Technology’s IPOToday (12 June) is the last day of the Initial Public Offering (IPO) of Le Travelues Technology, the parent company of travel aggregator ixigo.
This IPO has been subscribed more than 18 times in the retail category. Before listing, the company’s stock has reached a premium of 38% i.e. ₹ 36 per share in the grey market.
Nifty 50
According to the grey market price (GMP), its listing can happen at ₹ 129 (93+36=129), considering the upper price band of ₹ 93.For this IPO, retail investors will have to apply for a minimum of one lot i.e. 161 shares.
The company has fixed the price band of the IPO at ₹88- ₹93 per share. If you apply for 1 lot as per the upper price band of the IPO of ₹93, then you will have to invest ₹14,973. Retail investors can bid for a maximum of 13 lots i.e. 2093 shares, for which ₹194,649 will have to be invested.
There was flat trading in the market yesterday.Earlier, yesterday i.e. on June 11, the market witnessed flat trading. The Sensex closed 32 points lower at 76,457. On the other hand, the Nifty closed 5 points higher at 23,264. Out of the 30 Sensex stocks, 15 rose and 15 fell.
