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Sensex Ends 139 Points Higher; ICICI Bank, Wipro and ITC Among Top Nifty Gainers
Fri, 23 Jul Closing

Indian share markets witnessed positive trading activity throughout the day today and ended higher.

Benchmark indices edged higher in today's session following mixed investor sentiment across global markets and helped by gains in realty and FMCG stocks.

At the closing bell, the BSE Sensex stood higher by 139 points (up 0.3%).

Meanwhile, the NSE Nifty closed higher by 32 points (up 0.2%).

ICICI Bank and ITC were among the top gainers today.

Tata Motors and Grasim, on the other hand, were among the top losers today.

The SGX Nifty was trading at 15,853, up by 39 points, at the time of writing.

Both, the BSE Mid Cap index and the BSE Small Cap index ended on a flat note today.

Sectoral indices ended on a mixed note with stocks in the banking sector, realty sector and FMCG sector witnessing most of the buying interest.

Telecom and engineering stocks, on the other hand, witnessed selling pressure.

Shares of Birla Corporation and Caplin Point hit their respective 52-week highs today.

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Asian stock markets ended on a mixed note today.

The Hang Seng and the Shanghai Composite ended the day down by 1.5% and 0.7%, respectively.

US stock futures are trading on a positive note today with the Dow Futures trading up by 150 points.

The rupee is trading at 74.40 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.4% at Rs 47,447 per 10 grams.

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In news from the real estate sector, Mahindra Life Space was among the top buzzing stocks today.

Shares of Mahindra Life Space Developers zoomed 19% to Rs 793.10 on the BSE in intra-day trade today after the company announced that its board will consider maiden bonus issue in their forthcoming meeting on Wednesday, 28 July 2021.

The share price of the real estate and infrastructure development company of Mahindra Group hit a 52-week high.

The scrip has rallied 33% in the past one month as against a rise of 1% in the BSE Sensex during the same period.

On 1 July 2021, the company intimated that a meeting of the board of directors is scheduled to be held on Wednesday, 28 July 2021, to consider, inter-alia, unaudited standalone and consolidated financial results for the first quarter ended on 30 June 2021.

The board of directors of the company at its meeting scheduled on Wednesday, July 28, shall, inter-alia, will also consider the proposal for issuance of bonus equity shares, subject to requisite approvals, the company informed exchanges on Thursday, 22 July, after market hours.

Mahindra Life Space is a pioneer in the integrated cities and industrial clusters (IC&IC) segment.

It markets its products under this segment under two formats: large integrated cities under the brand 'Mahindra World City' and smaller industrial clusters under the brand 'Origins'.

Currently, there are two operational Mahindra World Cities in Chennai and Jaipur and an operational Origins project in Chennai.

Development work is currently in progress in another industrial cluster project called Origins Ahmedabad.

Mahindra Life Space share price ended the day up by 8% on the BSE.

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Moving on to news from the IPO space...

Zomato Market Cap Breaches Rs 1 Tn After Stellar D-Street Listing

Zomato scripted history today by becoming India's first unicorn to debut on the stock exchanges.

The scrip got listed at Rs 115 on BSE, a 51.3% premium to the issue price of Rs 76.

On NSE, the stock made a debut at Rs 116, up 52.6%.

With its mega listing, Zomato entered the elite club of top 100 listed companies in value terms, with a market capitalisation of over Rs 1 tn.

At issue price, its market cap stood nearly at Rs 650 bn; 100th member's current market-cap is Rs 446.9 bn.

The Rs 93.8 bn issue had received bids for Rs 2.13 tn worth shares which were the third-highest in Indian capital history. The listing was advanced to Friday.

Given the strong demand for the issue, analysts were largely expecting the IPO to list at a 25-30% premium.

A leading online food aggregator, Zomato offers a platform for connecting consumers with restaurants.

On average, 32.1 m monthly active users (MAUs) visited the Zomato platform in the financial year 2021.

Zomato share price ended the day up by 9.4% on the BSE over its listing price.

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Stock Market Updates

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