With negative bias, Sensex opens flat along with Nifty below 15,800

The domestic equity market opened in the red on Wednesday morning while with a negative bias the Sensex was trading flat.

According to a report published by The Financial Express, amid weak global cues, the domestic equity market opened in the red on Wednesday morning while with a negative bias the Sensex was trading flat and the border Nifty 50 index was hovering around 15,800. In the top-performing Sensex constituents Tata Steel, Bajaj finserv and Asian Paints were included while among the laggards Hindustan Unilever, Titan, Induslnd Bank and Mahindra and Mahindra had their presence. As midcap and smallcap indices moved higher broader markets were trading mixed. While Bank Nifty was down in red India VIX was up with 1.73%.

Along with GR infraprojects and Clean Science and Technology, The Initial Public Offering made by them will open for subscription. On the higher end of the price band, both the Initial Public Offerings have planned to raise an amount of ₹2,509 crores collectively. For the retail investors, 35% of both IPOs have been reserved. Both Clean Science and GR Infraprojects shall not receive any funds from the public issue being purely an Offer For Sale. An amount of ₹464 crores has been raised from anchor investors by Clean Science and Technology which is a manufacturer of speciality chemicals while an amount of ₹283 crores from anchor investors has been raised by GR infraprojects ahead of the IPO.

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