INSUBCONTINENT EXCLUSIVE:
Tata Steel, Bajaj Finserv, HCL Tech and Sun Pharma have gained 1-4 per cent each on BSEThe benchmark indices have held on to their gains,
post a gap-up opening, amid positive cues from other Asian markets
Asian shares are trading in the green across the board as the US Fed has signalled it will not rush to taper stimulus
The broader markets are also trading firm, with the BSE Midcap index and BSE Smallcap index adding 0.3 per cent and 0.8 per cent
respectively.All the BSE sectoral indices are trading in the green, with the exception of the auto and FMCG indices
The BSE Metal index has zoomed more than 4 per cent to top the sectoral gainers list on the BSE.In the currency market, the rupee gained 13
paise to touch 74.25 against the US dollar, supported by a firm trend in domestic equities and weak American currency
At the interbank foreign exchange, the rupee opened at 74.32 against the dollar, then inched higher to 74.25, registering a gain of 13 paise
over its previous close.On the IPO front, Tatva Chintan Pharma made a stellar debut on the bourses
The shares of the specialty chemical maker listed at Rs 2,111.80 on the BSE, a premium of 95 per cent compared to the issue price of Rs
1,083.The IPO of Glenmark Life Sciences, a subsidiary of Glenmark Pharmaceuticals, has been subscribed 7.77 times thus far, on the last day
of the public offer, subscription data available on exchanges showed
And the Rolex Rings IPO has been subscribed 6.28 times thus far on the second day of bidding.On the stock-specific front, Tata Steel has
Bajaj Finserv, HCL Tech and Sun Pharma are the other significant gainers in the BSE pack
And Tech Mahindra has added almost a per cent ahead of its June quarter results.On the other hand, Maruti Suzuki, Powergrid, Nestle and ITC
have shed around a per cent each on the BSE.The BSE market breadth is strong
Out of 3,277 stocks traded on the BSE, there are 2,004 advancing stocks as against 1,131 declines.
