Domestic benchmark indices started Monday’s trading session in the green as Sensex zoomed past 61,000 mark and Nifty 50 regained 18,200 levels. Bank Nifty was above 39,000 while broader markets mirrored the up-move charted by the headline indices. India VIX opened with losses but soon turned marginally positive. Asian Paints was up 1.3% as the top Sensex gainer, accompanied by HDFC Bank, Kotak Mahindra Bank, Maruti, and ITC. Bharti Airtel, Tech Mahindra and Nestle India were the top drags.
IPOs of Tarsons Products Limited and Go Fashion (India) will open this week, keeping Dalal Street busy with more public offerings. While Tarsons Products’ IPO will open for subscription today, that of Go Fashion will begin on Wednesday. Investors can bid for shares of Tarsons Products Limited in the fixed price band of Rs 635-662 per share, while Go Fashions’ IPO can be subscribed in a price band of Rs 655-690 apiece. So far this month, the primary market has seen eight public issues, including that of Paytm, Nykaa, and Policybazaar.