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According to analysts, the grey market premium, which indicates the premium commanded by shares in unlisted markets stoo Rs 20. The company has fixed a price band of Rs 133-140. At the upper end, the shares are expected to list at 14% premium over the issue price.

On the technical charts, the RSI of the stock stood at 29.63.

A total of 3,999,841 shares changed hands on the counter till 02:14PM (IST)

"The rapid rises in interest rates and global debt levels could cause significant negative spill-over effects and may negatively impact the global growth dynamic," Reuters reported, quoting the Organization of Petroleum Exporting Countries.

Derivatives Analyst Shilpa Rout recommends that investors be very cautious on Bank Nifty and that it is important to be stock specific in sectors like metal. The range for Nifty on a broader basis is now between 17,000 and 17,250 odd zones. The Bank Nifty has a very weak structure. A very heavy unwinding is happening at immediate strikes and it is ready to break 39,000 and might slide towards 37,000 odd zones.

“Good fixed income returns is a good reason to attribute the equity markets’ underperformance in India. Adani or the foreign bank thing are very temporary phenomena, it is more fundamental and which is that rates are very attractive and people are at this point choosing fixed income over equities. ”

Declining for the 8th consecutive month, NSE active user clients fell to 3.36 crore in February from 3.43 crore in January 2023

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In a push to expand its postpaid base, Jio Tuesday announced two new individual and family postpaid plans starting at Rs 299 and Rs 399 respectively Tuesday evening. In a marked move to attract customers from Airtel and Vi, post-paid users porting out of other carriers do not need to pay any security deposit.

On the technical charts, the RSI of the stock stood at 39.27.