Live Blog Details
Stock Market Highlights: The benchmark S&P BSE Sensex scaled a fresh all-time high of 63,588 on the BSE in the intra-day trade on Wednesday, surpassing its previous high of 63,583 touched on December 1, 2022. Profit booking in M&M, ITC, Axis Bank, IndusInd Bank, Bajaj Finance, and Maruti Suzuki, however, dragged it off highs. It, eventually, settled at 63,523, up 195 points or 0.31 per cent.
The Nifty50, meanwhile, halted its march towards new record high level at 18,875.9, eventually closing at 18,857, up 40 points or 0.21 per cent.
In the broader market, the BSE MidCap and Smallcap indices ended 0.68 per cent and 0.24 per cent higher, respectively.
Among sectors, the Nifty Metal index slipped 0.94 per cent, followed by the Nifty Realty index (down 0.33 per cent). On the upside, the Nifty Financial Services index advanced 0.68 per cent, followed by the Nifty PSU Bank index (up 0.44 per cent).
IPO Update: HMA Agro
The Rs 480-crore IPO of HMA Agro was subscribed 54 per cent till 3:30 PM on the second day of the offer. The portion reserved for non-institutional investors (NII) was subscribed 1.17 times, while that of retail and QIB investors was subscribed 36 per cent each.
