Zoom News : Mar 24, 2021, 12:54 PM
New Delhi: Benchmark indices opened in the negative on Wednesday amid weak global cues. S&P BSE Sensex was down 300 points slipping below 49,800 levels. The 50-stock NSE Nifty was nearing 14,700. Asian Paints, Dr Reddy’s, and Sun Pharma were the top gainers. The index was dragged lower by heavyweights such as Reliance Industries and ICICI Bank. ONGC and State Bank of India were the top drags. India VIX was above 21 levels as volatility moved higher. Amogn sectoral indices, Nifty Pharma and Nifty PSU Bank index were trading with gains. Broader markets mirrored the weakness in headline indices.Barbeque Nation’s initial public offering (IPO) open for subscription today. The company, backed by billionaire investor Rakesh Jhunjhunwala’s Alchemy Capital and Jubilant FoodWorks, is looking to raise Rs 453 crore through the IPO which will be an amalgamation of a fresh issue worth Rs 180 crore and an Offer For Sale (OFS) by existing shareholders. Investors can bid for the issue in the price band of Rs 498-500 apiece. Today will also mark the debut of Anupam Rasayan’s shares on the bourses. The Rs 760-crore IPO was subscribed 44 times by investors earlier this month. Shares of the company were commanding a 12.6% grey market premium yesterday.