Business Desk- Share Market Update: There is a rise in the share market today i.e. on 14th October. Sensex is trading at 73,200 level after rising more than 100 points. Nifty also has an increase of about 50 points. It is trading at the level of 22,750. More buying is being seen in shares of IT and FMCG sector.
Earlier on Tuesday, October 13, the market was also bullish. The Sensex rose 1,109 points to close at 73,034, while the Nifty rose 359 points to 22,722.
Fusion CX IPO opens from today, target to raise Rs 702 crore
The IPO of Fusion CX has opened for investment from today i.e. 14th October. Bidding can be done till October 16. The company has fixed the price band of the share at Rs 275 to Rs 289. Its lot size is 51 shares.
The company wants to raise Rs 702 crore through this IPO. Investors should review the IPO terms, company’s financial condition and risks before bidding.
Mixed business for Asian markets
Today mixed business is being seen in Asian markets. South Korea’s Kospi and Japan’s Nikkei are on the rise, while Hong Kong’s Hang Seng is trading in decline.
Kospi is up 80 points or 1.49% at 6,124. Nikkei is trading at 68,222 with a gain of 336 points or 0.63%. At the same time, Hang Seng is down by 58 points at 24,288.
US market declined, Nasdaq and Dow Jones slipped
There was a decline in the American stock market on October 13. Dow Jones fell 180 points, or 0.35%, to close at 51,670. Nasdaq declined by 42 points or 0.15% and reached 27,204. The S&P 500 also fell 2 points or 0.02% to close at 7,805.
FIIs sold shares worth Rs 19,526 crore in 7 days
Selling pressure from foreign institutional investors (FIIs/FPIs) remains on the market. According to available data, foreign investors have sold shares worth Rs 19,526 crore in the last 7 days. Their net sales in the last 30 days stood at Rs 87,384 crore.
In contrast, domestic institutional investors (DIIs) have bought into the market. They made net purchases of Rs 20,931 crore in the last 7 days and Rs 96,883 crore in the last 30 days.
As per data available for October 14, net buying by DIIs stood at Rs 2,439 crore, while FIIs/FPIs sold shares worth Rs 1,305 crore.
Note: Net buying and selling figures of FIIs and DIIs are in crores of rupees.