Today, the last trading day of the week i.e. Friday, the stock market opened at a record level. But after the day's volatility due to profit-booking, the market declined marginally. The Bombay Stock Exchange's flagship index Sensex closed down 18.79 points (0.04 percent) at 53,140.06. On the other hand, the Nifty of the National Stock Exchange closed at 15,923.40, down 0.80 points, or 0.01 percent. Last week, the BSE 30-share Sensex was down by 98.48 points or 0.18 percent.
On the third and last day of offering for Zomato's IPO, 10.7 times more applications were received. According to stock market data, applications were received for 770.07 crore shares as against 71.92 crore shares included under this offer. Retail investors applied 6.09 times more than the share reserved for them. As of 1 pm, applications for 78.87 crore shares had been submitted against 12.95 crore shares reserved for retail individual investors. Non-institutional investors applied for 109.82 crore shares as against 19.42 crore shares of their reserves, while Qualified Institutional Buyers (QIBs) made 15 more applications for 38.8 crore shares reserved for them. It is being called the biggest IPO of this year. For this, the price range has been kept at Rs 72 to 76 per share.
Talking about the big stocks, today the shares of Divis Lab, Bharti Airtel, UltraTech Cement, Tata Steel and Power Grid closed on the green mark. On the other hand, HCL Tech, Eicher Motors, Infosys, Bajaj Finserv and Adani Ports closed on the red mark.
Looking at the sectoral index, today IT, Media, Finance Services, Private Banks, Banks, and PSUs closed on the red mark. While Pharma, Auto, Bank, Metal, FMCG, and Realty closed on the green mark.
The market capitalization of six of the top 10 Sensex companies collectively declined by Rs 92,147.28 crore last week. Tata Consultancy Services (TCS) and Reliance Industries were the biggest losers. In the list of top 10 companies of Sensex, Reliance Industries retained the first position. It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, SBI, Bajaj Finance, and Kotak Mahindra Bank respectively.
The Sensex opened 85.55 points (0.16 percent) up at 53,244.40 in early trade. Nifty opened at 15,958.35 with a gain of 34.15 points (0.21 percent). This is the record level of opening of Sensex-Nifty.
The stock market closed on the green mark on Thursday. After the day's volatility, the Sensex closed at 53,158.85, up 254.80 points (0.48 per cent). On the other hand, Nifty closed at 15,924.20 with a gain of 70.25 points or 0.44 percent. This is the highest level of closing of Sensex-Nifty.
SIDBI on Friday said its net profit for the financial year 2020-21 stood at Rs 2,398.28 crore, a growth of 3.6 percent over the previous financial year. It had made a net profit of Rs 2,315 crore in the last financial year. The bank said that its profit from operations on a yearly basis has registered a growth of eight percent in the current financial year as compared to the previous financial year. It made a total profit of Rs 4,063 crore.
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