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Share Market Update: Today, at the beginning of the stock market, Nifty fell 87 points to 17957, while Sensex was seen trading 138 points down at 60295.26. The decline in the IT sector in the market is more visible. At the same time, some gains have been seen in auto stocks during the initial trading. In yesterday’s trade, small-medium stocks outperformed the giants. Nifty Midcap 100 saw a rise of 1.16 percent yesterday and 0.49 percent in Smallcap 100.
Opportunity to invest in these IPOs
The IPO of Latent View Analytics has opened today and will be open for subscription till November 12. Under this IPO of Rs 600 crore, new shares worth Rs 474 crore will be issued. At the same time, today is the last chance to subscribe to Paytm’s record Rs 18300 crore IPO. Paytm’s IPO has received a cool response from investors and has seen only 48 per cent subscriber turnout in two days.
Apart from this, investors have a chance to invest money in another IPO. On November 9, the Rs 2073 crore IPO of Sapphire Foods, the company that runs KFC and Pizza Hut restaurants in the country, was opened. On the first day, this IPO was subscribed 49 percent.
weak global cues
Global cues are looking weak for the market. Initial pressure is being seen on Asia and SGX NIFTY. DOW FUTURES is also seen down about a quarter percent. Before the inflation data, the US markets had closed down yesterday.
the impact of the fall
Talking about the US market, on November 9, Nasdaq closed at 15886.54, down 0.60 percent or 95.82 points. European markets fell on the trading day of November 9. London Stock Exchange-affiliated FTCE declined 0.36 per cent, Germany’s DAX 0.04 per cent and France’s CAC 0.06 per cent.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)
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