The Indian stock market is trading positively today, August 19, with the Sensex and Nifty indices showing moderate gains. The Sensex is currently up by 0.2% at 59,445.95, while the Nifty has risen by 0.3% to 17,650.25.
IPOs are in the spotlight today, with several companies making their market debut. Hindustan Zinc’s IPO has been subscribed 1.25 times on its first day, while Adani Enterprises’ IPO has seen a subscription of 1.5 times. Meanwhile, Maruti Suzuki’s IPO has been subscribed 2.5 times, indicating strong investor interest.
Other stocks in focus today include Interarch Building Products, which has seen a significant surge in its share price. The company’s shares have risen by over 10% today, making it one of the top gainers on the Nifty.
The market is also watching out for the RBI’s monetary policy decision, which is expected to impact interest rates and inflation. Investors are eagerly awaiting the outcome, which could have a significant impact on the market’s trajectory.
Overall, the market is trading cautiously today, with investors keeping a close eye on global cues and domestic developments. Stay tuned for more updates throughout the day!