Sensex rises by more than 500 points: Nifty also rises by more than 150 points, banking and IT shares rise

There is a rise in the stock market today i.e. on 28th March. Sensex is trading at the level of 73,600 with a gain of more than 500 points. At the same time, there is a rise of more than 150 points in Nifty, it is trading at the level of 22,300. During early trading, out of 30 Sensex stocks, 22 were seen rising and 8 were declining. There are more gains in banking, pharma and IT shares. Opportunity to invest in SRM Contractors’ IPO: Construction and developers company SRM Contractors Limited’s IPO i.e. Initial Public Offering has opened for public subscription from March 26. Retail investors will be able to bid for this IPO till March 28. For this IPO, the retail investor will have to apply for a minimum of one lot i.e. 70 shares. The company has fixed the IPO price band at ₹200-₹210 per share. If you apply for 1 lot at the upper price band of IPO at ₹210, you will have to invest ₹14,700. Retail investors can bid for a maximum of 13 lots i.e. 910 shares, for which they will have to invest ₹191,100. There was a rise in the market yesterday. Earlier, yesterday i.e. on 27th March, there was a rise in the stock market. The Sensex closed at 72,996 with a gain of 526 points. At the same time, Nifty also saw a rise of 118 points, it closed at the level of 22,123.

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