Sensex, all sectoral indices off day's high; HDFC twins decline
The market rallied more than half a percent in pre-opening trade, tracking positive global cues on easing trade war tensions.
The 30-share BSE Sensex gained 170 points and the 50-share NSE Nifty rose 54 points.
Trends on SGX Nifty also indicated a positive opening for the broader index in India, a rise of 19.5 points. Nifty futures were trading around 10,170-level on the Singapore Exchange.
ICICI Securities, the subsidiary of ICICI Bank, finally closed the issue and raised approximately Rs 3,500 crore against total IPO size of Rs 4,017 crore earlier due to tepid response from non-institutional and retail investors on final day yesterday.
The offer was largely supported by qualified institutional investors whose reserved portion fully subscribed on the last day.
“The company has successfully closed its proposed Offer for Sale (OFS) by ICICI Bank and raised approximately around Rs 3,500 crore,"
Bandhan Bank shares surged 33 percent in pre-opening trade to Rs 499 on the National Stock Exchange, against issue price of Rs 375 per share.
Share price of IDFC Bank and Capital First gained 3 percent on NSE approval for scheme of amalgamation.
IDFC Bank has received prior approval of National Stock Exchange of India (NSE) to the proposed amalgamation of Capital First, Capital First Home Finance and Capital First Securities with IDFC Bank, as per release.
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