Stock Market Live Updates: Indices trade higher with Nifty above 17,000; MedPlus Health Services lists at 30% premium

CLOSING BELL: Domestic markets extended their gaining streak to the third day straight on Thursday. Bank Nifty ended 0.46% higher, India VIX dropped 4.5%.

India IPO Trends 2021 (Source: EY)

In India, YOY IPO activity increased 156% and 314% by deal numbers and proceeds, respectively. By proceeds, 2021 represented the best IPO year in India in the last 20 years.

In the main markets (i.e., BSE and NSE), there were twenty IPOs in Q4 2021 versus ten IPOs in Q4 2020 and nineteen IPOs in Q3 2021. This represents an increase of 50% compared to Q4 2020 and an increase of 5% compared to Q3 2021.

As regards to SME markets, there were 16 IPOs in Q4 2021 versus nine and 14 IPOs in Q4 2020 and Q3 2021, respectively, representing a increase of 78% and 14% as compared to Q4 2020 and Q3 2021 respectively.

Ample global liquidity, strong earnings and increased retail participation were among the main factors driving the markets in 2021.

Several start-ups completed their IPOs in H2 2021, opening a new horizon for domestic capital markets.

There are many companies that have planned an exit, which include key PE-backed and government companies.

CMS Info Systems IPO Update

The maiden public offering of leading cash management company CMS Info Systems has managed to receive good response from investors on its last day of subscription. The offer has seen a 1.33 times subscription so far on December 23, backed largely by qualified institutional buyers and retail investors.

The offer has received bids for 4.98 crore crore equity shares against the IPO size of 3.75 crore equity shares.

Retail investors have put in bids 1.79 times the allotted quota and non-institutional investors have bid 33 percent of their reserved portion.

The portion reserved for qualified institutional buyers was subscribed 1.26 times.

Rupee Rises To Two-Week High

The rupee advances to a two-week high as risk sentiment improves across Asia after studies indicated the omicron variant may be less damaging to health than the earlier delta strain.

Supriya Lifescience IPO allotment Today: The Mumbai-based active pharmaceuticals ingredients (APIs) manufacturer, Supriya Lifescience, is likely to announce the allotment status of its initial public offering (IPO) today, December 23.

Here is how to Supriya Lifescience IPO allotment status on stock exchange website:

♦ Go to the BSE website or NSE website here.

♦ On BSE, Select 'Equity' and then from the dropdown, select ‘Supriya Lifescience’.

♦ Now, enter your application number and PAN.

♦ Click on 'Search'.

♦ Please note the details will only be available once the shares are allotted.

MedPlus Health Services lists at Rs 1,040

MedPlus Health Services, the country's second largest pharmacy retailer, listed with a decent 30.65 percent premium on December 23.

The stock opened at Rs 1,015 on the BSE, and at Rs 1,040 on the National Stock Exchange, higher than the issue price of Rs 796 per share.

HP Adhesives IPO share allotment today

Gold rates today, 23 December 2021: Gold rates today in Hyderabad, Bangalore, Kerala, and Visakhapatnam have been slashed. Going by the rates today, the Gold rates in Bangalore city for 10 grams of 22-carat is at Rs. 45,150 with a fall of Rs. 150 and the gold rate of 10 grams of 24-carat are at Rs. 49,260 with a fall of Rs. 160. The gold rates in Hyderabad are holding at Rs 45,150 per 10 gram of 22 carat with a fall of Rs. 160 and 10 grams of 24-carat gold is at Rs. 49,260 with a fall of Rs. 160. Read Full Story

Market Opens: Indian indices opened on positive note on December 23 with Nifty above 17000 on the back of positive global cues.

At 09:16 IST, the Sensex was up 296.89 points or 0.52% at 57227.45, and the Nifty was up 87.40 points or 0.52% at 17042.90. About 1508 shares have advanced, 271 shares declined, and 50 shares are unchanged.

Market at pre-open: Benchmark indices are trading higher in the pre-opening session amid positive global cues.

At 09:01 IST, the Sensex was up 442.37 points or 0.78% at 57372.93, and the Nifty was up 84.30 points or 0.50% at 17039.80.