Today the markets experienced a highly choppy trade. The market opened in the green but quickly slipped into the red. The bulls did not let the crucial support level reach the downside and they were back up during the second half of the trading session.
Indian benchmark equity indices settled higher in a volatile session led by gains in banks and realty stocks. Sensex ended the week 138 points or 0.26% higher at 52,976. Nifty closed at 15,856, up 32 points or 0.2%. Nifty Bank and Nifty FMCG indices rose 1.03% and 0.81% respectively.
In the broader markets, midcap slipped into the red. BSE Midcap index closed negative bias of 0.07% to 23,021. On the other hand, the BSE SmallCap index settled at 26,425 up 0.11%.
Zomato delivered a stellar listing and stock market debut at Rs 116 per share marking a premium of 52.63% or Rs 39, over its issue price Rs 76 per share on the NSE. The company continuously built on gains. At the end of the session, the delivery giant settled at Rs 125.30 higher by 64.87% or Rs 49.3 per share. And on an intraday basis, the stock made a high of Rs 138.90 apiece.
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