The much awaited CARE IPO has debuted with handsome gains. The stock saw a surge of over 25% in the trade. The IPO price was Rs. 750 saw a huge jump, when the stock was listed at around Rs. 940, with a premium of 25% initially. However the stock went on to make a high of 983, but soon cooled off to 930 levels.
Meanwhile, the markets have rallied during the trade today, led by stocks from the telecom, capital goods and banking sectors.
The Sensex has moved up to 19427.74 with 172.65 points gain or 0.90% surge. The Nifty is also up by 0.8% or 47 points at 5902.
Bharti airtel is among the top gainers. The stock has gained by 3% at 318.55. Idea cellular has also gained over 3.2%.
The Bank Nifty index has moved up by 123 points. ICICI Bank has gained over 1.8%. SBI has gained around 1.5%. PNB has also gained 1.5%.
Infra & Capital goods stocks have also surged in the trade. LT has moved up by 1.7%. Reliance Infra has moved up by 1.4% at 524.