are likely to start Tuesday’s session with tepid gains, tracking overnight strength in the US markets, led by tech and banks.
At 7:30, the SGX Nifty futures were quoting at 16,220 levels, hinting at an opening gain of 40-50 odd points for the Nifty.
Today, market debut of logistics giant Delhivery will be in focus. The company had raised Rs 5,235 crore through its IPO. The issue was subscribed 1.63 times and the issue price has been fixed at Rs 487 per share.
Venus Pipes & Tubes will also be making its debut today. The small sized (Rs 165.42 crore) IPO was subscribed 16.3 times.
That apart, market may continue to be volatile as the monthly F&O expiry due on Thursday draws near.
Among stocks, Adani Ports, Balrampur Chini, BoI, eClerx, Grasim, Latent View Analytics, Metropolis Health, NIIT, Railtel, RITES and Strides Pharma are among those slated to announce their Q4 results today.
Zomato will also be eyed as the food delivery firm’s Q4 consolidated net loss widened to Rs 360 crore in the quarter ended March 2022 as against a loss of Rs 134.2 crore in the year ago period.
In the primary market, Aether Industries’ Rs 808.04 crore IPO opens for subscription today. The company is accepting bids in a price band of Rs 610 – 642. Here’s what analysts recommend. Read here
eMudhra’s Rs 413 crore IPO closes today. The issue has so far garnered 96 per cent subscription, with the retail portion subscribed 1.7 times.
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