Nifty hovers around 7750, Sensex firm; Infibeam shares surge 8%

Equity benchmarks continued to see buying interest with the Sensex rising 103.94 points to 25373.58 and the Nifty climbing 35.15 points to 7748.20. The market breadth remained strong as about more than two shares advanced for every share falling on BSE. The broader markets gained 0.5 percent.


Infibeam Incorporation shares started off day with gain of 5.8 percent on debut Monday. The stock listed at Rs 457 on National Stock Exchange against issue price of Rs 432. It is the first e-commerce player in the country that listed on exchanges today. The company raised Rs 450 crore through public issue that was opened during March 21-23 and subscribed 1.11 times.

Infosys, Tata Motors, Wipro, Adani Ports, Dr Reddy’s Labs and Hindalco gained 1-2 percent while ITC and Lupin fell 1 percent.

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Posted in: Indian Market Tips