iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Stocks geared for gap-up opening

26 Apr 2022 , 08:26 AM

SGX Nifty:

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 118 points at the opening bell.

As per reports, the much-awaited initial public offering of the Life Insurance Corporation of India (LIC) is likely to open on 4 May 2022 and close on 9 May 2022. The government is likely to price LIC IPO at Rs 950-1,000 per share. By seeking Rs 21,000 crore from the proposed IPO, the government targets a valuation of Rs 6 trillion for the insurer.

Global markets:

Overseas, Asian stocks are trading mixed on Tuesday as investors are set to closely watch market reaction to COVID fears in China as Beijing expands mass testing.

Wall Street rose on Monday, with the Nasdaq ending sharply higher after Twitter agreed to be bought by billionaire Elon Musk, sparking a late day rally in growth stocks.

Twitter jumped roughly 5.7% after the social media company announced it accepted billionaire Elon Musks buyout deal valued at about $44 billion.

Domestic markets:

Back home, benchmark indices declined for the second trading session on Monday amid weak global cues. The barometer index, S&P BSE Sensex slumped 617.26 points or 1.08% at 56,579.89. The Nifty 50 index lost 218 points or 1.27% to 16,953.95.

Foreign portfolio investors (FPIs) sold shares worth Rs 3,302.85 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,870.45 crore in the Indian equity market on 25 April, provisional data showed.

Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.