Om Power Transmission’s ₹150 crore IPO allotment has been finalized after a modest 3.33x subscription, with stronger HNI participation standing out. Share credits and refunds will be processed on April 16, ahead of an April 17 listing on both BSE and NSE. Investors can check allotment status via MUFG Intime India or the BSE website.
State Bank of India shares extended their rally, climbing more than 9% over the past two days on the BSE and pushing the stock to a record high. The move translated into a staggering gain for investors, with wealth rising by about Rs 15,000 crore in just a short span—fueling fresh interest in the banking counter.
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Indian markets ended higher but muted, with weakness in autos and IT limiting upside. OFSS was among notable decliners, while Waaree Energies surged to a Rs 1 lakh crore market cap milestone. Jupiter Wagons and Aurobindo Pharma also rallied, offsetting declines as BSE finished lower.
Cairn India shares climbed to a record level on the BSE, rising sharply late in the session. After trading largely flat for most of the day, the stock gained momentum in the final hour, settling up 4.36% at Rs 355.45 as market chatter around possible stake sale plans drew attention.
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