Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets opened in the green on Tuesday morning. S&P BSE Sensex rose marginally to hover around 54,300 points while the NSE Nifty 50 index was holding above 16,200. Bank nifty index was up 0.33%, however, India VIX shot up 6.24% to breach 24 levels and near 25. After tanking yesterday, Tata Steel was up 1.3% on Tuesday as the top Sensex gainer on opening, followed by IndusInd Bank, Mahindra & Mahindra and Reliance Industries. Hindustan Unilever was down 1.8% as the top drag on Sensex, accompanied by Tech Mahindra, and Tata Consultancy Services.

Today shares of Venus Pipes and Delhivery will list on the bourses. While the IPO of Venus Pipes was oversubscribed by all categories of investors, however, Delhivery’s public issue was not entirely subscribed by retail investors and NIIs. Further, IPO market will see action today as the public issue of Aether Industries opens for subscription. The Rs 808 crore IPO includes a fresh issue of Rs 627 crore and an Offer for Sale (OFS) of Rs 181 crore. Investors can subscribe to the issue in a fixed price band of Rs 610-642 per share. Started in 2013, Aether Industries is a specialty chemical manufacturer in India focused on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies. The issue will close on Thursday, May 26.

Yesterday’s drama on the approach of 16400 was not surprising given the number of times rejection trades have been successful in this region. But the pull back thereof having settled above16170, a run up into the 16500-700 is still favoured. Alternatively, the inability to float above 16170, could call for consolidation or dips to 16025, but an outright collapse is among the least favoured outcomes today.

Specialty chemical manufacturer Aether Industries’ initial public offering (IPO) opens for subscription today (24 May), and will close on Thursday. With a price band fixed at Rs 610-642 per share, the company plans to raise Rs 808.04 crore via the IPO. The IPO consists of a fresh issue of equity shares aggregating to Rs 627 crore and an offer for sale (OFS) of up to 2,820,000 equity shares. Ahead of the initial share sale, the company raised around Rs 240 crore from anchor investors. It has allocated a total of 37,42,495 equity shares to anchor investors at Rs 642 per share, taking the transaction size to Rs 240.26 crore.

Delhivery shares made a tepid debut on the stock exchanges on Tuesday. Shares of the supply chain company started trading on BSE at Rs 493 per share, up 1.2% from its IPO price of Rs 487 per share. While at NSE, it began trading at Rs 495.2 apiece, up 1.7 per cent. At listing, Delhivery market capitalisation stood at Rs 35,718.01 crore. Benchmark indices BSE Sensex and Nifty 50 were trading flat to negative in today’s session. Delhivery’s Rs 5,235-crore public issue was subscribed 1.63 times. On successful listing on stock exchanges, Delhivery has joined the likes of already listed companies