Top 5 stocks of the day: M&M, SBI, UltraTech Cement, Adani Ports and Adani Enterprises were among the top gainers on the Nifty, while losers were Bajaj Finance, TCS, Tech Mahindra, Britannia industries and Sun Pharma.
Sensex and Nifty
The Sensex was up 49.49 points or 0.08% at 59,549.90 at the close, while the Nifty was up 13.20 points or 0.07% at 17,662.20. Approximately 2368 shares have increased, 1026 shares have dropped, and 131 shares have remained unchanged.
Top 5 stocks of the day: Oil falls on rate hike worries, Russian export flows
Oil prices fell on Tuesday as the threat of future interest rate hikes and plentiful Russian crude shipments outweighed expectations for Chinese demand recovery.
By 0920 GMT, March Brent crude futures had fallen $1.01, or 1.19%, to $83.89 per barrel. The March contract expires on Tuesday, and the April contract slid 90 cents, or 1.07%, to $83.60.
Adani Enterprises FPO fully subscribed on Final day
In the afternoon of January 31, the third and last day of bidding, Adani Enterprises received offers for 46.27 million shares against an offer size of 45.5 million shares, reflecting a 102 percent subscription.
This does not include the fully subscribed anchor section.
Retail investors have stepped back as the stock price has fallen below the FPO price band, bidding for only 11% of the shares reserved for them.
QIBs (qualified institutional buyers) are in the fore. They have bid on 12.44 million of the 12.8 million shares allotted to them. This represents a subscription rate of 97 percent.
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