Shares of Manika Plastech Ltd made a flat market debut on Monday, listing at par with the issue price of Rs 43 on the BSE and NSE.
Further in trade, the stock quoted at Rs 40.86 on the BSE, down 4.97 per cent, and at Rs 40.85 on the NSE, down 5 per cent.
- Strong market performance — Indian benchmark indices witnessed a significant uptick, with the Sensex gaining over 560 points and the Nifty crossing the 23,400 mark.
- Positive foreign fund inflows — Fresh investments from foreign institutional investors contributed to the bullish market sentiment.
In broader market trends, the BSE Sensex rose by 567.54 points, or 0.76%, to 74,862.50, while the NSE Nifty climbed 80.95 points, or 0.35%, reaching 23,427.35. This positive momentum was driven by easing crude oil prices and favorable trends in Asian markets, bolstering investor confidence.
As the market continues, investor focus will remain on performance metrics and sectoral growth.
