Jewellery retailer Senco Gold made a strong debut on the BSE, as shares opened at Rs 431, a 36% premium on IPO price. The IPO combined fresh issues and an OFS portion. The funds from fresh proceeds will be used for funding working capital and general corporate purposes.
This new index can be used for running passive strategies such as ETFs and Index Funds as well as gauging the performance of new companies
The Nifty closed lower on a negative note, breaking below its 200-day EMA support. The volatility index India VIX surged, indicating increased market volatility. The
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