The stock market is trading higher today, with the Sensex and Nifty both in the green. The markets are reacting to the US Fed minutes, which have been released yesterday. The minutes showed that the US Fed is likely to hike interest rates soon, but the markets are taking it in stride.
Meanwhile, the IPO allotment for Zomato and Paytm is underway. Zomato’s IPO has been subscribed over 38 times, while Paytm’s IPO has been subscribed over 10 times. The allotment for both IPOs is expected to be finalized today.
The markets are also watching out for the release of the GDP growth numbers for the June quarter. The numbers are expected to show a pick-up in growth, which could boost the markets further.
Overall, the markets are trading higher today, with the Sensex up by over 200 points and the Nifty up by over 50 points. The markets are expected to remain volatile, with the US Fed minutes and the IPO allotment for Zomato and Paytm being the major triggers.
The stock market live blog will keep you updated on all the latest developments in the markets, including the US Fed minutes, the IPO allotment for Zomato and Paytm, and the release of the GDP growth numbers. Stay tuned for more updates!