Nifty-Sensex View - 21.09.2020: 09.00 Am
Pre-Session: Markets likely to open in red; Route Mobile listing eyed
21/09/2020 08:39
Domestic bourses are expected to start the day in red on Monday with trends on SGX Nifty indicating a negative opening for the index in India. Investors will continue to focus on global cues, India-China tensions, Covid-19 trends, and stock-specific developments. Besides, they will also track Brent crude oil, foreign fund flow, and the rupee's trajectory.
However, a big focus today will be the primary market, with two IPOs, Chemcon Speciality Chemicals and Computer Age Management Services opening for subscription.
CAMS' IPO has the price band of Rs 1,229-Rs 1,230 per share while Chemcon Speciality's price band is Rs 305-306 per share. Both will close on Wednesday.
Further, Route Mobile will debut at the bourses today after the finalisation of issue price at Rs 350 per share. The issue was subscribed over 73 times and is expected to list at a premium of 50-60 per cent.
On Friday, the 30-share benchmark index ended down by 134.03 points.
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