The major stock indices were trading with good gains in morning trading. Nifty traded above the 17200 mark. Auto stocks advanced for the second day in a row.
At 10:24 GMT, the S&P BSE Sensex barometer rose 382.87 points, or 0.67%, to 57803.11. The Nifty 50 added 115.35 points, or 0.68%, to 17,201.60.
In the broader market, the S&P BSE Mid-Cap Index is up 0.97% while the S&P BSE Small-Cap Index is up 1.30%.
Market breadth was positive. On the Bahrain Stock Exchange, 2500 shares rose and 605 shares fell. A total of 89 shares were unchanged.
Supriya Lifescience shares are currently trading at Rs 393.95 in BSE, a premium of 43.78% to the issue price of Rs 274.
The stock was listed at Rs 425, which represents a premium of 55.11% over the initial public offering (IPO) price.
So far, the stock reached a high of Rs 425 and a low of Rs 385. More than 7.33 thousand shares of the company’s shares have been traded on the counter so far.
Supriya Lifescience’s IPO has been subscribed 71.51 times. The issue was opened for bidding on December 16, 2021 and closed on December 20, 2021. The IPO price range is fixed at Rs 265-274 per share.
The Nifty Automotive Index rose 0.75% to 10721.30, advancing for a second day. The index rose 0.95% in two sessions.
Escher Motors (up 1.33%), TVS Motor Company (up 1.26%), Tata Motors (up 1.22%), Mahindra & Mahindra (up 0.87%), Bharat Forge (up 0.70%), Ashok Leyland (up 0.57%) , led by Maruti Suzuki (up 0.56%) and Hero MotoCorp (up 0.33%).
Stocks in the spotlight:
Siemens India rose 2.55% to Rs 2415.85. A joint venture between TRIL Urban Transport, a subsidiary of the Tata Group and Siemens Project Ventures GmbH (a subsidiary of Siemens Financial Services) under a Public Private Partnership (PPP) that will develop the metro corridor from Hinjewadi to Shivajinagar. The joint venture formed a special purpose company called Pune IT City Metro Rail. Siemens order volume is around Rs 900 crore.
Som distillation coefficient jumped 6.08% to Rs 42.75. The Board of Directors of the company has approved a proposal to raise up to Rs 17.50 crore by issuing rights to equity shares of Rs 35 crore each.
GR Infraprojects rose 0.20% to Rs 1,650.10. The company said that a provisional completion certificate had been issued by the independent engineer for the “Development of Purvanchal Expressway (Package VII) from Mojrapur to Bijaura (Ghazipur) in Uttar Pradesh on an EPC basis, and declared the project suitable to enter into commercial operation.
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