MARKET LIVE: Sensex, Nifty, Mapmyindia listing, IDBI Bank, Omicron, Wipro


LIVE market updates: Asian markets are seeing a bounce-back rally early on Tuesday as investors continue to assess the spread of the Omicron situation. However, as benchmark indices have breached their key support levels on the downside, they may have an uphill task regaining the momentum.

At 8:15 AM, SGX Nifty was quoting at 16,800 compred with Nifty’s spot close of 16,614 on Monday.

New listing

CE Info Systems (MapmyIndia) shall be in focus, as the stock makes its debut on Tuesday. The issue had received an overwhelming response from all sets of investors and was subscribed 154.71 times.

Primary Market Update

Supriya Lifescience IPO which has received subscription up to 5.69 times the issue size, so far, will close for subscription today. The retail quota has received bids up to 25.38 times and NIIs 2.9 times.

Global cues

The US markets fell on Monday pressured by rising Omicron cases and a blow to Biden’s proposed $1.75 trillion domestic spending bill. All key indices – the Dow Jones, S&P 500 and Nasdaq declined more than a per cent each at close.

In Asia. Nikkei surged as much as 1.7 per cent. Hang Seng advanced 0.6 per cent, and Straits Times jumped 0.8 per cent. Shanghai, Kospi and Taiwan were up 0.3 per cent each.

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