Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian benchmark indices opened with marginal gains amid high volatility. The BSE Sensex was up 63.69 points or 0.11% at 57039.68, and the Nifty was up 23.90 points or 0.14% at 17093. Bank Nifty was up 64 points or 0.18% at 36228. Sectorally, Nifty Metals, Pharma, and consumer durable stocks were leading losses, down up to a per cent. While, Realty pack was the top gainer. Powergrid, NTPC, Maruti, Kotak Mahindra Bank, Wipro were the top Sensex gainers, while Bharti Airtel, Dr Reddy, Sun Pharma, Titan, HUL, Asian Paints and Reliance Industries (RIL) were the laggards.
Life Insurance Corporation of India (LIC) will launch the biggest initial public offer (IPO) in the history of Indian stock markets today. Through this IPO, the government of India will be liquidating its 3.5% stake in the corporation, and aims to mop up about Rs 21,000 crore at the upper end of the price band of Rs 902 – 949 per share. This will result in an implied market capitalisation of Rs 6 lakh crore for the company. “The mega IPO of LIC would also open on 4th May 2022 which is expected to attract lot many retail investors to the equity market but could suck out some liquidity from the market,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates 4 May 2022