The Sensex ended up 12.75 points at 24659.23, and the Nifty slipped 0.05 points at 7485.30. About 1322 shares have advanced, 1325 shares declined, and 148 shares are unchanged. Hindalco, Lupin, GAIL, Reliance and HDFC were top gainers in the Sensex while Maruti, SBI, HUL, ICICI Bank and Axis Bank were losers.
To tap the upbeat investor sentiments, as many as 21 small and medium enterprises (SMEs) have filed draft papers this year to raise funds totalling Rs 180 crore through their initial public offerings.
The shares will be listed on the SME platforms of the BSE and National Stock Exchange (NSE). Since the beginning of this year, 21 companies have filed draft documents to collectively raise over Rs 180 crore through IPOs, according to an analysis. Of these, 13 firms have filed papers to launch IPOs on BSE's SME platform, while the remaining eight plan to list on NSE Emerge.
Equity benchmarks recovered from day's low, aided by Reliance Industries, ITC and HDFC. The Sensex rose 7.84 points to 24654.32 while the Nifty fell 3.55 points to 7481.80. The market breadth remained negative as about 1352 shares declined against 1220 advancing shares on the BSE.