Stock market LIVE: Amid lack of triggers, domestic equities are expected to trade sideways and track global cues for further moves
Topics
MARKET LIVE | Paytm | Pizza Hut KFC sales
SI Reporter |
Last Updated at November 18, 2021 08:12 IST
Photo: Bloomberg
LIVE market updates: Amid lack of triggers, domestic equities are expected to trade sideways and track global cues for further moves. All eyes, however, will be on the listing of Paytm and Sapphire Foods today.
At 8:05 AM, SGX Nifty was at 17,877, down 7 points.
Primary Market Update
Go Fashion (India) IPO was subscribed 2.5 times at the end of Day 1. The retail quota received bids for 12.1 times.
Meanwhile, Tarsons Products’ Rs 1,024 crore IPO was subscribed 77.5 times at closure on strong demand from institutions and HNIs.
Global cues
The US markets ended lower on Wednesday amid fears of possible early rate hikes by the Federal Reserve. The Dow Jones declined 0.6 per cent, while the Nasdaq and the S&P 500 slipped 0.3 per cent, each.
In Asia, Nikkei and Hang Seng were down 0.5 per cent and 1 per cent, respectively, while Shanghai Composite was up 0.4 per cent. Kospi and Straits Times slipped 0.5 per cent and 0.2 per cent, respectively. Taiwan, however, was up 0.2 per cent.
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First Published: Thu, November 18 2021. 08:12 IST
Stock market LIVE: Amid lack of triggers, domestic equities are expected to trade sideways and track global cues for further moves Topics MARKET LIVE | Paytm | Pizza Hut KFC sales SI Reporter | New Delhi Last Updated at November 18, 2021 08:12 IST Photo: Bloomberg LIVE market updates: Amid lack of triggers, domestic equities are expected to trade sideways and track global cues for further moves. All eyes, however, will be on the listing of Paytm and Sapphire Foods today. At 8:05 AM, SGX Nifty was at 17,877, down 7 points.Primary Market Update Go Fashion (India) IPO was subscribed 2.5 times at the end of Day 1. The retail quota received bids for 12.1 times. Meanwhile, Tarsons Products’ Rs 1,024 crore IPO was subscribed 77.5 times at closure on strong demand from institutions and HNIs. Global cues The US markets ended lower on Wednesday amid fears of possible early rate hikes by the Federal Reserve. The Dow Jones declined 0.6 per cent, while the Nasdaq and the S&P 500 slipped 0.3 per cent, each. In Asia, Nikkei and Hang Seng were down 0.5 per cent and 1 per cent, respectively, while Shanghai Composite was up 0.4 per cent. Kospi and Straits Times slipped 0.5 per cent and 0.2 per cent, respectively. Taiwan, however, was up 0.2 per cent. Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. We, however, have a request. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed. Support quality journalism and subscribe to Business Standard. Digital Editor First Published: Thu, November 18 2021. 08:12 IST