Sensex Ends 257 Points Higher, Coal India And UPL Among Top Gainers

Indian share markets continued their positive trend during closing hours today and ended their day on a firm note.

At the closing bell, the BSE Sensex stood higher by 257 points (up 0.5%).

Meanwhile, the NSE Nifty closed higher by 115 points (up 0.7%).

Coal India and UPL were among the top gainers today.

ICICI Bank was among the top losers today.

The SGX Nifty was trading at 15,175, up by 77 points, at the time of writing.

The BSE Mid Cap index ended up by 1.1%. The BSE Small Cap index ended up by 1.4%.

Sectoral indices ended on a positive note. Gains were largely seen in the energy sector and metal sector which ended the day up by 3.9% and 3.4%, respectively.

Asian share markets ended on a positive note.

The Nikkei was up 1.6% while the Shanghai Composite stood higher by 0.6%. The Hang Seng ended up by 1.2%.

US stock futures are trading higher today indicating a positive opening for Wall Street indices with Dow Futures trading up by 40 points (up 0.1%).

The rupee is trading at 72.44 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.1% at Rs 46,475 per 10 grams.

In news from the IPO space...

MTAR Technologies, a precision engineering solutions company, is set to launch its initial public offering (IPO) for subscription next week on March 3, 2021.

Through this issue, the company looks to raise Rs 5.9 billion, at the upper end of the price band. The issue will close for subscription on March 5, 2021. The issue comprises a fresh issue of 21.48 lakh equity shares by the company and an offer for sale (OFS) of 82.24 lakh equity shares by promoters and investors.

The company has fixed the price band of the issue at Rs 574-575 per share of the face value of Rs 10 each.

The Hyderabad-based company has precision engineering capabilities to build nuclear and pressurized water reactors, aerospace engines, missile systems, aircraft components, and many other critical components and assemblies.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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