Top 5 stocks of the day: Reliance Industries, Grasim Industries, ONGC, Power Grid Corp and JSW Steel are among the top Nifty losers, while BPCL, Asian Paints, IndusInd Bank, Infosys and Britannia Industries were among the top gainers. On a sectoral level, the information technology index increased by 0.5 percent whereas the auto, capital goods, PSU Bank, oil & gas, pharma, and metal sectors all had declines of 0.3-0.7 percent. Both the BSE midcap and smallcap indexes finished level.
Sensex and NSE Nifty50
The Nifty was down 57.30 points or 0.29 percent at 19,386.70 at closure, and the Sensex was down 180.96 points or 0.28 percent at 65,252.34. 1725 shares moved up, 1768 shares moved down, and 161 shares were unchanged. In a choppy day on August 24, benchmark indexes declined, with Nifty closing under 19,400.
Top 5 stocks of the day
| Company | LTP | %CHNG | VOLUME |
|---|---|---|---|
| BPCL | 351.45 | 1.93 | 43,70,878 |
| Asian Paints | 3225.2 | 1.78 | 11,67,742 |
| IndusInd Bank | 1418.65 | 1.26 | 35,59,546 |
| Infosys | 1424 | 1.14 | 51,71,963 |
| Britannia | 4555 | 0.94 | 3,57,303 |
Aeroflex Industries IPO subscribed 81.36 times
The last day of bidding, August 24, saw a strong response to Aeroflex Industries’ Rs 351 crore initial public offering (IPO), with the issue being subscribed 81.36 times. Investors outbid the 2.32 crore offer size by 188.89 crore equity shares, giving the business the first-mover advantage in the flexible flow solutions market. Analysts noted that strong financial results and a better debt-to-equity ratio also increased investor confidence.
High net worth people purchased 15% of the IPO, or 120.18 times their reserved share. The amount bid by qualified institutional buyers (QIBs), who were allocated 50% of the IPO, exceeded their quota by 148.15 times.
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