22 Apr , 2022 By : monika singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic markets tanked on Friday’s opening bell amid weak global cues. S&P BSE Sensex fell more than 600 points or 1%, sitting around 57,300 while the NSE Nifty 50 was holding just above 17,200. Bank Nifty fell more than 1%, broader markets mirrored the fall. India VIX, the volatility gauge, was up nearly 5%, regaining 18 levels once again. HCL Technologies was the top gaining stock on Sensex, 1.6%. Tata Steel, Bharti Airtel were the other two gainers. Mahindra & Mahindra was the worst performing stock, down 2.2%, followed by Bajaj Auto, and HDFC.
The IPO (Initial Public Offering) market is heating up again with fresh issues to open next week. Dalal Street investors will get to bid for Campus Activewear’s Rs 1,400-crore IPO and Rainbow Children’s Medicare IPO next week. While Campus’ public issue will open for subscription on 26 April and close on 28 April, that of Rainbow Children’s Medicare will open on 27 April and close on 29 April. These two will be the first public issues to open for subscription this financial year. Hariom Pipes was the last IPO to list on Dalal Street. The last financial year saw a total of 53 IPOs.
Structurally, the index has undergone healthy retracement as it rebounded after retracing 50% of the entire March 2022 up move coincided with 200 days EMA placed at 16850. The formation of higher trough on the weekly chart signifies elevated buying demand that makes us confident to revise support base at 16800.
Rainbow Children’s Medicare’s Rs 1,580.80 crore IPO, which opens 27 April, has set the price band at Rs Rs 516-542 per share of face value of Rs 10 each. The subscription for anchor investors will open one day prior to IPO opening date. The public issue will close for subscription on 29 April. Rainbow Children’s Medicare is likely to list on stock exchanges on 10 May 2022.
“The US markets sharply lower on Thursday after the US Federal Reserve chief, Jerome Powell, suggested that the central bank would move aggressively to curb inflation and a 50 basis points rate hike was seen on the table in May 2022. Asian markets are trading mostly in red on Friday following overnight losses on Wall Street. Key companies announcing their quarterly results are Hind zinc, MMTC, Tata metallicks etc. Crucial support for Nifty 50 is 17,100 while Nifty may face some resistance at 17,400,” said Mohit Nigam,
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