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The controversy between the American company Hindenburg and the Securities Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch is having a negative impact on the market. Today the Sensex is trading at the level of 79,450 with a fall of more than 200 points.
Nifty has also fallen by about 50 points. It is trading at the level of 24,300. Hindenburg has claimed in its report released on Saturday that Madhabi Puri Buch and her husband Dhawal Buch have a stake in an offshore company associated with the Adani Group. Today, Adani Total Gas shares have fallen by more than 7%.
Mixed trading in Asian markets today
- There is mixed trading in the Asian market today. Hong Kong’s Hang Seng is trading at 17,036 with a fall of 0.31%. China’s Shanghai Composite has fallen by 0.013% and Korea’s Kospi has gained 1.07%.
- On Friday, the Dow Jones of the US market rose 0.13% and closed at 39,497. The Nasdaq also rose 0.51% and closed at 16,745. The S&P500 closed at 5,344 with a gain of 0.47%.
- Foreign Institutional Investors (FIIs) bought shares worth ₹406.72 crore on August 9. During this period, Domestic Institutional Investors (DIIs) also bought shares worth ₹3,979.59 crore. That is, foreign investors made purchases on the last day of last week.
Saraswati Saree Depot’s IPO will open from today
The Initial Public Offer i.e. IPO of Saraswati Saree Depot Limited will open today i.e. on 12th August. Investors will be able to bid for this IPO till 14th August. The company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 20th August.
Saraswati Saree Depot Limited has fixed the price band of this issue at ₹ 152-₹ 160. Retail investors can bid for a minimum of one lot i.e. 90 shares. If you apply for 1 lot as per the upper price band of the IPO of ₹ 160, then you will have to invest ₹ 14,400 for it. Read full news
The market was booming last week
Earlier, on the last day of last week i.e. 9th August, the stock market saw a boom. The Sensex closed at 79,705 with a gain of 819 points. At the same time, Nifty also gained 250 points, it closed at 24,367.
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