The domestic equity benchmarks are trading with small gains in early trade amid volatility. The market breadth is strong.
At 09:21 IST, the barometer index, the S&P BSE Sensex, was up 39.91 points or 0.07% to 57,937.39. The Nifty 50 index added 7.10 points or 0.04% to 17,240.35.
Among the Nifty 50 stocks, IndusInd Bank (up 1.98%), Cipla (up 1.06%), Reliance Industries (up 0.76%), Sun Pharmaceutical Industries (up 0.76%) and ICICI Bank (up 0.65%) were the top index gainers.
Meanwhile, Power Grid Corporation of India (down 0.97%), Coal India (down 0.64%), Infosys (down 0.61%), Shree Cement (down 0.57%) and Grasim Industries (down 0.50%) edged lower.
In the broader market, the S&P BSE Mid-Cap index rose 0.37% while the S&P BSE Small-Cap index gained 0.68%.
The market breadth was strong. On the BSE, 1966 shares rose and 555 shares fell. A total of 75 shares were unchanged.
Economy:
The Securities and Exchange Board of India (SEBI) on December 28 cleared the rules for tightening initial public offerings (IPOs). These rules will address gaps like conditions for the objective of IPOs, utilisation of proceeds from the share sales, price bands, anchor investors’ lock-in period and the size of the stake a majority shareholder may sell on listing day.
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