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On the BSE, Rolex Rings opened at Rs 1,249, at a premium of 38.78% or Rs 349 over its issue price of Rs 900 per share
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Nifty IT index climbed 0.72%, followed by the Nifty Pharma & Nifty Realty indices rose 0.48%, each. While Nifty FMCG & Nifty Auto gained around 0.36%.
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Key benchmark indices snapped four-day winning run to end with modest losses on Friday.
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Stock recommendations: Chandan Taparia of Motilal Oswal is positive on Tata Power with a target price of Rs 143
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Reliance Infra, Trent, VMart and Zomato are slated to announce their June quarter results on Monday.
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Going by the buzz in the domestic equity market, here are the top factors that are likely to guide the market going ahead
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Nuvoco Vistas is quoting at a premium of Rs 38 or 6.67% in the grey market. Subscribe for the long-term, listing gains can be muted
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Positive momentum in the market to continue on account of strong domestic economic data, impressive quarterly results and unlocking in various states.
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Sebi relaxed the post-IPO lock-in requirements for shareholders, such as private equity and venture capital funds and domestic HNIs.
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The issue looks expensively priced but being a niche company and frenzy for startup IPOs, it may accelerate in short term due to first-mover advantage