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 Highlights: Domestic benchmark indices Sensex and Nifty got off to flying start to this week’s trading session but gave up most gains at closing. S&P BSE Sensex ended 84 points or 0.21% higher while the Nifty 50 closed at 11,930 mark. Although the benchmark indices gained today, Sensex ended over 300 points lower while the 50-stock Nifty closed 90 points lower. broader market failed to gain along with the benchmarks as midcap and smallcap indices fell. Volatility was high as India VIX jumped over 22 but ended just above 21 points.
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.
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