Inox Green Energy Services closes with 9% discount on debut

The Markets Today in a nutshell

• Domestic benchmark indices ended on a positive note.
• Gains were restricted amid ongoing pandemic situation in China. Traders braced for Feds November meeting due to be released today. Shares in Europe traded mixed while Asian stocks advanced on Wednesday as investors digested euro zone economic data and awaited the U.S. Federal Reserves latest meeting minutes.

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News you could use

? Inox Green Energy Services closes with 9% discount on debut
The Inox Green Energy stock, as expected, opened at a discount, falling 7.7 percent to Rs 60 compared to issue price. The stock was completely in control of bears as it did not touch even its issue price during the day.

? Hindustan Motors share price hit 10 percent upper circuit
The company entered into a memorandum of understanding to extend the EV domain across the border to enhance the production of eco-friendly electric vehicles. Hindustan Motors, once known for its Ambassador cars, equipped itself with state-of-the-art facilities for the production of passenger cars, trucks and multi-utility vehicles.

? Interglobe Aviation rises 4 percent as the company opens second air craft maintenance centre
InterGlobe Aviation has opened its second aircraft maintenance, repair, and overhaul (MRO) centre at the Kempegowda International Airport in Bengaluru to cater to a fast-growing fleet of mostly Airbus SE planes. IndiGo has signed a 20-year pact with Bangalore International Airport Ltd (BIAL), which runs the airport, to sub-lease five acres for the 13,000 square metre facility that will be able to service two narrow-body aircraft, the company said in a release.

News from the IPO world?

• Dharmaj Crop sets price for IPO price band of Rs. 216-237 per share
• Inox Green Energy shares make a week debut
• Pritika Engineering IPO opens on Nov 25th

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