The benchmark equity indices ended Tuesday’s trading session in the positive territory. The NSE Nifty 50 gained 34.60 points or 0.14% to settle at 25,052.35, while the BSE Sensex jumped 73.80 points or 0.09% to 81,785.56.
The broader indices ended in mixed territory, with gain led by Large-cap stocks. IT and Pharma stocks outperformed among the other sectoral indices while Media and PSU Banks stocks shed.
Sectoral Index
Bank Nifty index ended lower by 134.90 points or 0.26% to settle at 51,143.85. The Nifty Midcap 100 fell by 73.85 points, or 0.12%, ending the day’s trading at 59,146.40. In the broader markets, small-cap and mid-cap stocks finished in the red.
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Plaza Wires’ shares listed at 55.55% premium over the IPO price on bourses on Thursday. The share debuted at Rs 84 on the BSE, as compared to the issue price of Rs 54. The investors have made a profit of Rs 30 per share as the scrip gave more than 55% returns to investors on the listing.
“This is in line with expectations, given the strong oversubscription of the IPO and the company’s strong fundamentals. Plaza Wires is a well-managed company with a strong track record of growth. It is a leading manufacturer of wires and cables, with a wide product range and a strong customer base. The company has a strong financial performance, with consistent revenue and profit growth in recent years. Though the IPO size was small, it received an amazing response from investo…