Compared to its IPO price of Rs 163 per share, the stock listed at Rs 575 and closed the first day’s session on the bourses at Rs 604 — an appreciation of 253% over its offer price, according to BSE data.
Asian stock markets rose on Tuesday after President Joe Biden and China’s Xi Jinping held a summit meeting by video link.
The IT company jumped 6.87% to hit a one-month high after filing to list American depositary shares on the New York Stock Exchange.
Indian shares edged lower on Tuesday as losses in finance and energy sectors outweighed gains in tech and metal stocks, with heavyweight Reliance Industries falling more than 1.5% to weigh on the blue-chip Nifty 50 index.The NSE Nifty 50 index slipped 0.2% to 18,072.55 and the benchmark S&P BSE Sensex fell 0.25% to 60,567.11 by 10.08 am.
China’s yuan surged to a more than five-month high against the dollar on Tuesday morning, as investors embraced positive developments in talks between U.S.
Federal Bank , IDFC First Bank, and Kotak Mahindra Bank — down between 0.65% and 1.21% — led the losses on the sub-index.Major energy stocks, such as Adani Transmission and Reliance Industries shed 2.4% and 0.73% respectively.
President Joe Biden has signed his $1 trillion infrastructure deal into law on the White House lawn, with a smattering of Republican lawmakers on hand for what could be one of the last shows of bipartisanship ahead of the 2022 midterm elections.