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Out of the 50 stocks that make up the Nifty index, 34 ended the day in the green, with Adani Enterprises leading the gains with a nearly 4 per cent rise.
During Valentine’s Week, the BSE benchmark Sensex lost 1,921 points, or 2.46%, while the NSE Nifty50 declined 630 points, or 2.7%, over the same period.
Mumbai-based Gem Aromatics, a manufacturer of specialty ingredients, has filled its draft papers with Sebi to raise funds through an initial public offer.
The outlook for the primary market remains strong. According to reports, 26 companies are awaiting SEBI approval to raise Rs 72,000 crore, while another 55 companies are in line to raise approximately Rs 89,000 crore.
Globe Civil Projects Ltd. on Thursday filed its preliminary papers for its initial public offering with the Securities and Exchange Board of India. The public offer will only include fresh issue of 1.9 crore shares, according to the draft red herring prospectus. The company, however, did not reveal how much it plans to raise through this issue. Ved Prakash Khurana, Nipun Khurana and Vipul Khurana are the promoters of the Delhi-based company.
Solex Energy plans to invest Rs 1,500 crore over three years to expand its manufacturing facility. The company aims to list on the NSE main board by December and raise fresh equity this fiscal year. Solex's module-making capacity will increase from 700 MW to 1.5 GW by December, with further expansions planned by 2027.