Sensex rises by more than 500 points: Nifty also rises by more than 150 points, opportunity to invest in SRM Contractors’ IPO

Sensex rises by more than 500 points: Nifty also rises by more than 150 points, opportunity to invest in SRM Contractors’ IPO

There is a rise in the stock market today i.e. on 27th March. Sensex is trading at the level of 72,950 with a rise of more than 500 points. At the same time, Nifty is also seeing a rise of more than 150 points, it is trading at the level of 22,150. During early trading, out of 30 Sensex stocks, 28 were seen rising and 2 were declining. Today there is more gain in banking and auto shares. Shares of Maruti Suzuki and Reliance are up by more than 2%. 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 decline in the market yesterday. Earlier, yesterday i.e. on 26th March, there was a decline in the stock market. The Sensex closed at 72,470 with a fall of 361 points. At the same time, Nifty also fell by 92 points, it closed at the level of 22,004.

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