India VIX was inching higher on Monday. (Image: REUTERS)
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets began the day’s trade in the negative territory. S&P BSE Sensex was down 700 points on the opening bell, threatening to give up 48,000 mark. The 50-stock NSE Nifty index was below 14,500 on opening. However, minutes into the trade, both the indices were trimming their losses. Titan, State Bank of India, and HDFC twins were the top drags on Sensex. IndusInd Bank, Bajaj Auto, and M&M were the top gainers. Reliance Industries share price was also in the red. India VIX breached 24 levels.
PowerGrid Infrastructure Investment Trust (InvIT) has so far seen investors subscribe to 60% of the issue, as it now enters the final day of bidding. The first state-sponsored InvIT is looking to raise Rs 7,734 crore through an initial public offering (IPO) of its units. Institutional investors have subscribed 38% of the issue portion reserved for them. Meanwhile, other investors have bid for 88% of the portion reserved for them. 42.54 crore units of PowerGrid InvIT are on offer. Investors can bid for the issue in a bid for the issue in the price band of Rs 99-100 per unit. The minimum bid lot size stands at 1,100 units, translating to a minimum investment of Rs 1.1 lakh.