MARKETS: Flat start likely; Star Health listing, Metro Brands’ IPO in focus
Last Updated on January 31, 2023 by Admin
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LIVE market updates: Domestic equities could open on a flat note on Friday amid feeble global cues. At 8:20 AM, SGX Nifty was at 17,524 compared with Nifty’s spot close of 17,517 on Thursday.
Asia-Pacific markets declined on Friday as investors assess risks associated with the new omicron Covid variant and look ahead to key inflation data in the US.
Overnight, the Dow Jones ended flat with a negative bias in the US. The S&P 500 and the Nasdaq Composite, meanwhile, slipped 0.72 per cent and 1.7 per cent, respectively, in the US.
Primary market data
The three-day issue of MapmyIndia has been subscribed 2 times so far, while that of Shriram Properties has been subscribed 1.6 times.
The IPO of Rakesh Jhunjhunwala-backed Metro Brands will also open for subscription today.
That apart, Star Health Insurance will debut on the bourses later in the day.
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