Finally, the LIC IPO is here for which investors, policy holders and market participants have long been waiting for. Not so long ago, Paytm was the largest IPO in India by issue size. Now LIC will be the biggest IPO by issue size, market value, and by numerous other parameters.

After declining nearly one per cent in the previous trading session, the broad market index S&P BSE Sensex witnessed a rally today. 

The company uses ore to generate sponge iron, which is subsequently processed through several steps to manufacture end products, resulting in cost-effectiveness. This makes the fabrication of MS Pipes and Scaffolding more cost-effective. All final goods at various phases serve as inputs for the next process, allowing for product mix changes based on market demand & supply, market location, and gross margins.  

Activity in the F&O market for the weekly expiry tomorrow shows 17000 to act as strong support for tomorrow’s trade. 

Reliance Industrial Infrastructure Ltd, Bigbloc Construction Ltd and Dilip Biocon Ltd witnessed positive action in today’s session.

Heavy sell-off in the global markets, rising energy crisis, and subdued Chinese economic outlook led to a dip in the domestic markets. The benchmark indices ended the trading session lower. 

Reliance Industries made history by becoming the first Indian company to cross Rs 19 lakh crore in market capitalisation.

BSE Smallcap index slipped 0.56 per cent, ending at 28,756.97.

On Wednesday, the equity indices lost ground during a tumultuous trading session. All NSE sectoral indices ended in the red, with the exception of the media index. The imminent LIC IPO and weak global cues prompted an exodus of equity. Today, the European stocks were trading higher. The bulls in today's session were IIFL Securities, Reliance Industrial Infrastructure Ltd, Bombay Dyeing, KPIT Technologies, Ruchi Soya, and Adani Power.

 Indices traded lower amid volatility. Nifty took the support of 17,000 and closed above it. It closed lower by 0.97 per cent and Sensex lost about 537 points.