Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic markets moved larger on Monday as bulls took handle of Dalal Street. On the closing bell, S&P BSE Sensex was at 52,880 whilst the NSE Nifty 50 index ended at 15,834. Broader markets participated in the up-move whilst India VIX, the volatility gauge, slipped. Heading into the second day of the week, SGX Nifty was down in the red, hinting at a reversal in the momentum. Global cues have been mixed on Tuesday morning with Hang Seng and Shanghai Composite trading with losses whilst TOPIX, Nikkei 225, KOSPI, and KOSDAQ moved larger. Wall Street remained closed as the nation observed Independence Day.
The a lot-awaited initial public supplying (IPO) of Zomato could hit Dalal Street quickly immediately after capital markets regulator SEBI authorized the supply as proposed in the DRHP. Zomato plans Rs 8,250 crore public situation which will be an amalgamation of fresh situation of equity shares and an supply for sale (OFS). Naukri.com’s parent business, Info Edge, the promoting shareholder of Zomato has trimmed the stake it plans to offload by half, which could lessen the general situation size. Info Edge is a essential shareholder of Zomato, with a stake of about 18.55% in the meals delivery platform. Zomato’s IPO is keenly awaited by investors. Zomato had filed preliminary IPO papers with SEBI in April.