Investors book profit on back of soaring market
At close, the Sensex was up 584 points or 1.16% at 51,025, and the Nifty was up 142 points or 0.95% at 15,098.
Sensex jumped 460 points to open at 50,901. Nifty50 opened at 15,085 rallying 128 points.
Sensex ends at 50,441up 35 points. Nifty50 index closed at 14,956 levels, up 18 points.
Tracking positive global news Indian benchmark indices opened on a strong footing. Sensex jumps 325 points to open at 50,730; while the boarder market
Investments by FPIs as well as domestic investors and movement of rupee against the US dollar are likely to be closely watched for cues
Ahead of the IPO, the issue is quoting at a GMP (grey market premium) of Rs 165 per share offering close to 90% premium over the offer price.
Sensex ended at 50,405, showing a decline of 440 points or 0.87% over the previous close.
Market experts suggest staying invested in the Heranba for the long-term.
Investors who want returns like debt with a lower tax impact should consider arbitrage funds in their portfolio, said Arnav Pandya, founder, Moneyedus