Before today’s opening bell, SGX Nifty was in the red. (Image: Reuters)stock market news today | Sensex, Nifty, Share Prices Live: The domestic market rose on Monday as the bulls took control of Dalal Street. At the closing bell, S&P BSE Sensex 52,880 while NSE nifty 50 The index closed at 15,834. Broader markets participated in the up-move, while India VIX, volatility gauge, slipped. Moving towards the second day of the week, the SGX Nifty was in the red, indicating a reversal in momentum. Global cues were mixed on Tuesday morning with the Hang Seng and Shanghai Composite falling while TOPIX, Nikkei 225, KOSPI and KOSDAQ moved higher. Wall Street remained closed for Independence Day in the country.
Zomato’s much-awaited initial public offering (IPO) may hit Dalal Street soon after capital markets regulator SEBI clears the proposed proposal in DRHP. Zomato has planned a public issue of Rs 8,250 crore which will be an amalgamation of fresh issue of equity shares and an offer for sale (OFS). Naukri.com’s parent company, Info Edge, Zomato’s selling shareholder, plans to halve its stake, which could reduce the total issue size. Info Edge is a major shareholder of Zomato, which holds about 18.55% stake in the food delivery platform. Investors are eagerly waiting for Zomato’s IPO. Zomato had filed preliminary IPO papers with SEBI in April.
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