The index has recovered the entire loss in the year 2020. It closed at 41,306.02 on January 1, 2020. According to analysts, further market volatility will continue. Hence investors should be cautious.
Such was the situation of veteran shares
Talking about the big stocks, today shares of Eicher Motors, Bajaj Finserv, Coal India, Tata Steel and Divis Lab closed on the green mark. The shares of Tata Motors, HDFC, L&T, HDFC Bank and UPL closed at the red mark.
Monitoring of sectoral index
If we look at the sectoral index, today, apart from media and FMCG, all sectors closed on the green mark. These include PSU Bank, Pharma, IT, Bank, Private Bank, Finance Services, Realty, Metal and Auto.
Indigo Paints Applied for IPO of Rs 1,000 Crore
Indigo Paints, backed by Sequoia Capital, has filed initial papers with market regulator Sebi to raise around Rs 1,000 crore through an initial public offering (IPO). According to the draft red herring draft (DRHP), fresh shares worth around Rs 300 crore will be issued under the IPO, while 58,40,000 equity shares will be offered to be sold by private equity firm Sequoia Capital.
The proceeds from the IPO will be used to augment the company's manufacturing capacity and to repay debt. According to market sources, the IPO is expected to fetch Rs 1,000 crore. Kotak Mahindra Capital Company, Edelweiss Financial Services and ICICI Securities are the lead book managers of the issue.
Market was open on decline
Today the Sensex opened down 257.28 points (0.59 per cent) at 43099.91 and the Nifty opened 69.40 points down at 0.62 per cent (0.55 per cent) at 12621.40.
The market had closed on the red mark on the previous trading day
The stock market closed down on the previous trading day. The Sensex fell 236.48 points, or 0.54 per cent, to close at 43,357.19. The NSE Nifty fell 58.35 points, or 0.46 per cent, to close at 12,690.80.