Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic markets opened with gains on Wednesday morning. S&P BSE Sensex rose more than 150 points on opening, breaching 54,500 levels. NSE Nifty 50 regained 16,300. Bank Nifty touched 34,700 while India VIX slipped into the red, but was still above 22 levels. Tata Steel was the top gainer on Sensex, followed by Bharti Airtel, HDFC, and Power Grid. Asian Paints was down 1.9% as the top laggard on Sensex. Other drags included IndusInd Bank, Hindustan Unilever, and Infosys.

IPO market will continue to witness action today with public offers of Delhivery and Venus Pipes set to open. Delhivery is looking to raise Rs 5,235 crore from the issue which is a mix of fresh issue of equity shares and an offer for sale (OFS) by existing shareholders of the company. Meanwhile, Venus Pipes is expected to mop up Rs 165.41 crore from the IPO, which is entirely a fresh issue. Venus Pipes has raised Rs 49 crore from anchor investors ahead of the issue while Delhivery has managed to raise Rs 2,347 crore. Both the issues will close on Friday.

Sensex gave up 54,100, falling nearly 300 points on Wednesday after having opened with gains. Nifty 50 was below 16,200.

The pull from the 15800 region has ensured that the 16400 emerged powerful enough to reject relief rallies twice in as many days. Meanwhile, a bearish continuation pattern has also formed, making it crucial for Nifty to float above 16200 for the most part today, to utilize the oversold conditions, for a push above 16400,but its chances look low though. Else, brace for a 15900 move,” said Anand James – Chief Market Strategist at Geojit Financial Services.

Delhivery’s IPO will open for subscription today as the company looks to raise Rs 5,235 crore through the public issue. Ahead of the IPO, the logistics major has garnered strong interest from institutional investors with as many as 64 anchor investors picking up a stake in the company worth Rs 2,346 crore. The anchor investors in Delhivery’s IPO includes marquee names such as Goldman Sachs, Morgan Stanley, the Government of Singapore, Fidelity Investment Trust, Tiger Global, Invesco, SBI, ICICI Prudential, and HDFC. Delhivery’s IPO will close for subscription on Friday, May 13.

“Despite the upsurge in overnight US markets, SGX Nifty is trading below the dotted lines, indicating a nervous start for our stock markets. Sentiments will be mostly negative during the trading session, as negative factors will continue to weigh on investors' minds. FIIs have continued with their exit strategy and sold shares worth Rs 3,960.59 crores on Tuesday. The rising interest rate scenario across key nations have raised concerns of a fragile economic growth going ahead. Technically speaking, Nifty’s interweek support is seen only at 15901 mark and below the same expect a waterfall of selling towards 15200-15250 mark,”