Share Market Live Updates: The stock market started with a decline even today under the shadow of the new variant Omicron of Corona. Within a few minutes, the Sensex fell more than 600 points to the level of 56,382.93. Nifty also fell about 150 points to 16,782.40. Sensex and Nifty are seen making some recovery in early trades. The Nifty was trading at a level of 16,935.60 with a loss of 90.85 (-0.53%) points when it was down by 268 points at around 9.30 pm.
10 o’clock: There is a recovery in the stock market now. The Sensex is trading at 57310, up 203 points, while the Nifty has gained 56.95 points to reach the level of 17,083.40. There was pressure on Sensex and Nifty in the morning.
Star Health and Tega Industries IPO this week
Star Health & Allied Insurance Company and Tega Industries are set to bring their initial public offerings (IPOs) this week. Through this he plans to raise Rs 7,868 crore. The IPO of Star Health will open on November 30 and close on December 2. On the other hand, the issue of Tega Industries will open on December 1 and close on December 3. The month of November has proved to be very good for companies in terms of IPO.
In this month so far ten companies have brought their issues and all of them have been received by the investors. Private sector insurer Star Health has fixed a price range of Rs 870-900 for bidding of shares. On the upper limit, the company expects to raise Rs 7,249.18 crore from this IPO. On the other hand, mining industry products maker Tega Industries is inviting bids from investors for 1,36,69,478 equity shares held by its promoters and existing shareholders. The price range for this has been kept at Rs 443-453 per share. The company expects to raise Rs 619.22 crore on the upfront share sale.