Share Market Today LIVE | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Updates November 2
Banking stocks are also likely to be in focus today as the Supreme Court gets ready to hear the loan moratorium case.
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Sensex and Nifty began this week’s trading with gains but soon were moving between gains and losses. S&P BSE Sensex was up over 100 points on the opening bell while Nifty was above 11,650 mark. ICICI Bank, IndusInd Bank, and Axis Bank were the top gainers while index heavyweight Reliance Industries Ltd was down over deep in red followed by HCL Technologies, TCS, L&T. RIL’s fall was pulling equity markets lower. Asian stock markets were trading with gains on Monday morning. Topix was up 2.3% while KOSDAQ gained 1.13%.
Equitas Small Finance Bank will debut on the bourses today. The IPO which garnered a 1.95 times subscription for its 11.58 crore equity shares at the issue price of Rs 33 apiece is among a number of public issues that primary markets have seen in recent months. With the listing, Equitas Small Finance Bank’s promoters will march towards falling in line with Reserve Bank of India’s guidelines that seeks them to trim their holding to 40% in five years of commencement of business. According to CRISIL, Equitas Small Finance Bank is the largest small finance bank in India in terms of number of banking outlets and has recorded the fourth lowest yields indicating diversification away from microfinance in financial year 2019.
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