Rupee gains, Oil prices and INOX IPO with huge premium

Rupee gains, Oil prices and INOX IPO with huge premium

Rupee appreciates 4 paise to trade at 83.14 against the US dollar

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.05% higher at 102.21. Rupee opened flat at 83.18 a dollar.

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The rupee appreciated 4 paise to 83.14 against the US dollar in early trade on Wednesday as robust buying in domestic equities boosted investor sentiment. The local currency opened flat at 83.18 a dollar.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.05% higher at 102.21.On Tuesday, the domestic currency settled at 83.18 against the dollar.

A steady greenback against major currencies overseas amid rise in crude oil prices over supply concerns due to geopolitical situation limited gains in the rupee.

 “Pull back attempts were capped near 83.19, a pivot that had remained potent for most of this month. Upswings now stand to challenge 83.27 and it would require a slippage past 83.09 to initiate declines again,” said an Analyst.

Global oil price benchmark Brent crude was 0.04% higher at $79.26 per barrel.

In the domestic equity market, the 30-share BSE Sensex was trading 337.47 points ,or 0.47%, higher at 71,774.66, while the NSE Nifty gained 112.00 points, or 0.52% to 21,565.10.

Foreign institutional investors (FIIs) were net sellers in the equity market on Tuesday as they offloaded shares worth ₹601.52 crore, according to exchange data.

Inox India IPO allotment finalised: Here’s how to check Inox allotment status

Inox India IPO registrar is Kfin Technologies Ltd. Investors can find out how many shares they have been given through the basis of allotment in the IPO allotment status.

Inox India IPO listing date is scheduled for Thursday, December 21.

Inox India IPO Allotment Date: Inox India IPO share allotment has been finalised. The investors who applied for the public issue can check the Inox India IPO allotment status in the registrar’s portal or the websites of stock exchanges, BSE and NSE.

Inox India IPO registrar is Kfin Technologies Ltd. Investors can find out how many shares they have been given through the basis of allotment in the IPO allotment status. Inox India Ltd will now initiate the refund process for applicants whose allotments were rejected. The investors who have been allotted shares will receive the shares in their demat accounts.

Inox India IPO GMP today

Inox India IPO GMP today, or grey market premium today, is ₹530 per share, as per market observers. This indicated Inox India share price today is trading at a premium of ₹530 in the grey market.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Inox India share price is ₹1,190 apiece.