Home / Market Beat / MCX lists with a bang. Metals shine. Banks up.

MCX lists with a bang. Metals shine. Banks up.

The MCX listing has taken markets with an upward swing. The stock is getting listed in the exchanges today. The stock opened today at 1408. It has then cooled off and is trading at 1377, up by over 33% from the issue price. During the preopening, it started with a bang at Rs 1,395, up 35% over issue price of Rs 1032 in pre-opening session.

Markets have opened higher after yesterday’s break. Stocks from the metals, banking, real estate and financials sectors have shown gains.

At 9:38 AM, the Nifty is at 5312, up by 92 points or 1.7%.

Stocks in action include Tata steel – which is up by over 4%. ICICI Bank from the banking space, is also flaring up with 4% gains. The Bank Nifty index has moved up by 2.6%.

SBI has also gained 3%. PNB is up by 2%. HDFC Bank has moved up by 1.5%.

Other stocks in the metal space, including SAIL, Hindalco, Sterlite – have all seen significant surges. JSW Steel has moved up by 3%.

L&T, Punj LLoyd, JP associates have all been trading with gains of over 2% each.

Unitech has gained 3.7%. HDIL has moved up by nearly 5%.

Cairn India has sen 3.9% hike. ONGC is up by 1.5%, while Reliance industries has moved up by 2%.

Other active midcap counters, Jubilant Foodworks, IVRCL Infrastructure, Crompton Greaves – have all gained in today’s trade.


 

 

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