Winning Bizness Desk

Mumbai. Continuing its explosive performance, the stock market made an all-time high on June 13. During trading, the Sensex touched 77,145 and the Nifty 23,481. However, after this there was a slight decline and the Sensex closed at 76,810 with a gain of 204 points. At the same time, Nifty also rose by 75 points. It closed at the level of 23,398. Out of 30 Sensex stocks, 20 are seeing a rise and 10 are seeing a decline. Auto and IT stocks are more bullish. Let us tell you that the company's shares will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on June 18. Before listing, the company's stock has reached a premium of 40.86% i.e. ₹ 38 per share in the gray market. According to the gray market price (GMP), its listing can be at ₹ 131 (93+38=131) in terms of the upper price band ₹ 93. Many analysts have predicted the Sensex to cross one lakh by the end of this year.

L&T, M&M and HDFC Bank pushed the market up

Most sectors closed strongly. Realty rose 2.24%. At the same time, consumer durables rose 1.73% and IT rose 1%. Apart from this, auto also rose 0.70%. L&T, M&M, HDFC Bank, TCS and Titan pushed the market up. At the same time, ICICI Bank, Hindustan Unilever, Axis Bank, Airtel and ITC pulled the market down. Retail inflation has come down to 4.75% in May. This is a 12-month low. In June 2023, it was 4.81%. The market is also getting support from the fall in inflation.

The IPO of Le Travelues was subscribed 98.10 times. The IPO of Le Travelues Technology, the parent company of travel aggregator ixigo, was subscribed 98.10 times. This initial public offer was open from 10 June to 12 June at 5 pm. The issue was subscribed 53.95 times in the retail category, 106.73 times in qualified institutional buyers (QIB) and 110.25 times in the non-institutional investors (NII) category.