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Part Market LIVE: Sensex opens in red, Nifty below 14,850; ICICI Bank, Kotak Mahindra Bank in the lead

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Global indices were mixed, with the NASDAQ, Dow Jones and S&P 500 advancing as Asian peers traded. (Image: REUTERS)

Share Market News Today | Sensex, Nifty, LIVE share price: National stock markets finished in the green for the third day in a row on Thursday. S&P BSE came down from highs but managed to finish 84 points higher while the Nifty 50 Index added 56 points but closed just below 14,900. On Friday morning SGX Nifty was trading flat, hinting at a moderate opening of the stock markets. Global indices were mixed, with the NASDAQ, Dow Jones and S&P 500 advancing as Asian peers traded. Shanghai Composite, Hang Seng and KOSPI were in the red, while TOPIX, Nikkei 225 and KOSDAQ soared.

Macrotech Developers’ initial public offering ended on day two of subscription, with investors bidding for just 35% of the issue. Of these Qualified Institutional Buyers (QIBs) were the most active bidders, subscribing 65% of their share. Non-Institutional Investors (NII) have so far offered only 19% of their quota, while offers from retail investors are 25%. Macrotech Developers employees have subscribed 10% of the share reserved for them. The company, formerly known as Lodha Developers, is looking to raise Rs 2,500 crore in the market. The shares are priced at Rs 483-486 each. Today will be the last day to bid for the IPO.

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