Stock Market

Nifty holds 7750 ahead of F&O expiry, Sensex firm; ONGC sinks 2%


Chillicious Team

11:20 am IPO:

Hinduja Leyland Finance, an arm of Ashok Leyland , has filed draft papers with capital markets regulator Sebi to raise at least Rs 500 crore through the initial share sale.

The initial public offer (IPO) comprises fresh issue of equity shares worth Rs 500 crore and an offer for sale up to 26,608,810 scrips by existing shareholders. The company is considering a pre-offer placement of up to 2.6 crore equity shares for an amount not exceeding Rs 200 crore.

“Hinduja Leyland Finance, a subsidiary company of Ashok Leyland has filed today the Draft Red Herring Prospectus (DRHP) with Sebi for the proposed initial public offering of equity shares,” Ashok Leyland in a regulatory filing to stock exchanges.

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11:00 am Market Check

Equity benchmarks extended yesterday’s rally supported by index heavyweights Infosys, ITC, HDFC Bank and Reliance Industries. The broader markets also gained strength with the BSE Midcap and Smallcap indices rising 0.4 percent each.

The 30-share BSE Sensex rose 117.34 points to 25455.92 and the 50-share NSE Nifty climbed 35.90 points to 7771.10. About 1159 shares advanced against 781 declining shares on BSE.

Shares of Infosys, ITC, TCS, Reliance Industries, HDFC Bank, Sun Pharma, ICICI Bank and Tata Motors gained 0.5-1.5 percent while HDFC, ONGC, GAIL, Adani Ports and Tata Steel fell 0.5-2 percent.