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%.