GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a higher opening on Thursday. Here is all you need to know before the market opens.
GIFT Nifty was up 75.50 points, or 0.30%, at 24,891 indicating a positive start for the domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 closed 71.35 points or 0.29% higher to settle at 24,770, while the BSE Sensex rose 102.44 points or 0.13% to finish at 80,905.30.
Key things to know before share market opens on August 22, 2024
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Vodafone Idea’s Rs 18,000 crore Follow-on Public Offer (FPO) opens for subscription today, Thursday, April 18, and will close on Monday, April 22.
The FPO price band has been set between Rs 10 to Rs 11 per share, with a minimum bid limit of 1,298 equity shares and subsequent bids in multiples thereof.
Market experts have expressed optimism about the FPO, with all signs pointing towards a bullish outlook. The total offer size amounts to Rs 18,000 crore, consisting of fresh equity shares.