India VIX cooled down further, slipping over 1% (Image: REUTERS)
Share Bazaar News Today | Sensex, Nifty, Share Prices LIVE: Equity benchmark with trading with gains on Thursday. S&P BSE Sensex breached 50,000 mark earlier in the day while Nifty was above 14,900 — a crucial resistance zone. Bajaj Finserv, Tech Mahindra, and HDFC were the top gainers on Sensex. Bajaj Auto, ONGC, and Nestle India were the only stocks on Sensex to trade in the red. Broader markets were in line with benchmark indices, while India VIX slipped. Among sectoral indices, Nifty Metal was the top gainer. Bank Nifty was also up in the green.
The IPO of Macrotech Developers Limited was subscribed 26% on the first day of the bidding process. So far Retail investors have bid for 15% of their quota while Non-Institutional investors have placed bids for only 11% of their portion. Qualified Institutional Buyers were the most active for the IPO, bidding for 58% of the portion reserved for them. While employees of the firm remained distant with only 4% bids. Marctotech Developers is looking to raise Rs 2,500 crore from the market through the issue which is prices at Rs 483-486 apiece. Macrotech Developers, formerly known as Lodha Developers is one of the largest real estate developers in India.
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