Indian benchmark indices end flat with positive bias, BSE IPO oversubscribed
BSE Sensex was up 13.91 points at 28240.52 and NSE Nifty was up 6.70 points at 8740.95.
Key stocks that gained on Friday were Bank of Baroda, Tech Mahindra, Cipla, BHEL, Bharti Infratel, SBI, Coal India and Dr Reddy's Labs while Tata Motors, ICICI Bank, Tata Steel, Reliance Industries and HDFC ranked among the losers.
After the apex court on Thursday discharged former Union Telecom minister Dayanaidhi Maran, his brother Kalanithi Maran and all others accused in the Aircel-Maxis case, .Sun Television Network's (Sun TV's) stock price spiked on Friday, media reports said.
On Friday, India's oldest stock exchange BSE listed at Rs 1,089 per share on the National Stock Exchange, up 35 percent over its issue price of Rs 806, according to reports.
The IPO saw robust investor demand and was oversubscribed 51.22 times.
BSE is the world's largest exchange by number of listed companies. Shares of nearly 3,000 companies trade on BSE. It is the world's 10th largest exchange by market capitalisation.
Image: Wikimedia Commons
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