Stock markets in Asia were mixed on Monday morning, Hang Seng, Shanghai Composite, KOSPI, and KOSDAQ were trading higher but Topix and Nikkei 225 were down in the red.
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic benchmark indices Sensex and Nifty got off to flying start to this week’s trading session. S&P BSE Sensex was trading over 250 points higher to cross the 40,750 mark. The 50-stock Nifty was also seen gaining new highs and was just shy of the 12,000 mark after initially having reclaimed it on opening bell. ITC, State Bank of India, and Power Grid were the top Sensex gainers. While Tata Steel, ONGC, and Titan were the drags on Monday morning. S&P BSE Midcap was trading with losses while S&P BSE Smallcap was trading flat with a positive bias.
UTI AMC and Mazagon Dock shares made their share market debuts today. UTI Asset Management Company shares got listed at a discount to the IPO price band while Mazagon Dock shares zoomed over 40% higher on listing, UTI AMC stocks were recouping some of the losses after getting listed but were still down from the IPO price.Mazagon Dock Shipbuilders Ltd (MDSL) is a defence public sector undertaking shipyard firm was subscribed 157 times by investors with Non-Institutional Investors (NII) over subscribing their portion 677 times. On the other hand the Rs 2,160 crore UTI AMC IPO was subscribed 2.31 times. On Friday, the grey market price of UTI AMC was running in the negative while Mazagon Dock was commanding a premium of Rs 106.