Share Market News Today | Sensex, Nifty, LIVE stock price: Major national indices traded with gains on Tuesday. The S&P BSE Sensex was above 53,000 while the Nifty 50 index approached 16,000. Bajaj Finance, HDFC Bank and Ultrtech Cement were the main gainers in the index. At the other end of the table were Tech Mahindra, Nestlé India and Bharti Airtel. Larger markets outperformed benchmarks, while India’s VIX was up in the green. Nifty FMCG and Nifty Pharma were the only two sector indices to trade at a loss. Bank Nifty up 0.30%
Zomato’s highly anticipated Initial Public Offering (IPO) could hit Dalal Street soon after capital markets regulator SEBI approved the offer as proposed in the DRHP. Zomato is planning a public issue of Rs 8,250 crore which will be a merger of a new issue of shares and an offer to sell (OFS). Naukri.com’s parent company Info Edge, Zomato’s selling shareholder, has halved the stake it plans to offload, which could reduce the overall size of the issue. Info Edge is a key shareholder of Zomato, with an approximate 18.55% stake in the food delivery platform. Zomato’s IPO is eagerly awaited by investors. Zomato had filed preliminary IPO documents with SEBI in April.