News Overview

The IPO's price band is set at ₹258 to ₹272 per equity share with a face value of ₹10. The lot size for the IPO is 55 equity shares, with subsequent shares available in multiples of 55.

Isha Ambani, director of Reliance Retail Ventures Ltd, stated that this relationship underlines company’s position as India's foremost shopping destination.

The NFO is available for subscription from May 17 to May 31. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment.

No new positions are allowed in F&O contracts of these stocks during the ban period.

Here are some of the stocks that may see significant price movement today.

Spot gold remained steady at $2,377.09 an ounce. The price of gold increased by 0.7% this week. Gold futures decreased by 0.2% to $2,381.20.

The price of a barrel of Brent crude oil had increased by 21 cents, or 0.3%. At $79.41 per barrel, U.S. West Texas Intermediate (WTI) oil futures increased by 18 cents, or 0.2%.

Asian markets traded lower on Friday as investors reassessed their expectations for interest rate hikes. However, Hong Kong stocks were expecting a stronger rise with positive corporate earnings results.

In April, U.S. retail sales were likewise flat and less robust than anticipated, while manufacturing output dropped short of expectations.

Retail investors showed a great deal of interest in the Go Digit General Insurance IPO, and the portion was fully booked within a few hours of its launch.