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Nifty and Sensex continued their upward trend for the third consecutive day, buoyed by gains in IT, realty, and FMCG stocks. At 9:30 am, Sensex rose by 250.53 points to 80,360.38, while Nifty increased by 81.90 points to 24,303.80, reflecting positive sentiment following the NDA alliance's electoral success in Maharashtra. Analysts anticipate a focus on government spending as geopolitical risks remain a concern.
Waaree Energies Ltd is set to debut on the stock market on October 28, with analysts predicting a listing premium of around 100% due to strong demand during its IPO, which was oversubscribed 76.34 times. The IPO, priced between Rs 1,427 and Rs 1,503 per share, attracted significant interest from institutional investors, raising Rs 1,277 crore. Analysts highlight the company's leading position in solar PV manufacturing and robust growth prospects as key factors for its anticipated strong market entry.
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