Stock Market Today: The Friday opening of the domestic indices NSE Nifty 50 and BSE Sensex was favourable, as indicated by the GIFT Nifty, which increased by 53.50 points to 24,189.50. In the last day of the bidding, investors bid for 92.71 crore equity shares against the offer size of 3.93 crore shares, meaning that the initial public offering of Allied Blenders and Distillers was subscribed 23.55 times, as per exchange data. Through its public offering, which consists of a new share issuance valued at Rs 1,000 crore and an offer-for-sale (OFS) of shares valued at Rs 500 crore by promoters, the Officer’s Choice whisky manufacturer hopes to raise Rs 1,500 crore.
Stock Market Today: Stocks in focus
Reliance Industries
The Mumbai-based global company Reliance Industries Limited is an Indian enterprise. Retail, entertainment, telecommunications, mass media, petrochemicals, natural gas, energy, and textiles are among its industries. On July 3, a number of new unlimited plans will be available, according to Reliance Jio Infocomm. A 2 GB monthly plan costs Rs 189, while an annual 2.5 GB plan costs Rs 3,599. These are the new rate plans. For all plans with 2GB/day and higher, these plans feature unlimited 5G data.
HCL Technologies
The international Indian information technology (IT) consultancy firm HCL Technologies Limited, doing business as HCLTech, is based in Noida. As per a term sheet released by lender Citigroup, the IT major is expected to see a block sale for Rs 1,757 crore on Friday. However, the seller’s identity, who plans to dump 0.46 per cent or 1.24 crore shares in a cleanup deal, is not disclosed. With a 2.75 percent drop to the previous close, the floor price for the block purchase is probably going to be Rs 1,414.9 per share.