On Tuesday, Shyer of ITC Hotels was thrown out of the benchmark Sensex and other BSE indices. The company, which separated from the ITC, was temporarily made part of the Sensex and some other indices so that the passive funds could re -balance their portfolio.
BSE informed in a notice that a separate trading of ITC Hotels shares started on 29 January. Since ITC Hotels shares did not touch the lower circuit until cutoff time. So the company was removed from all the BSE indices before the business started on Wednesday. The last closed price of the shares of the operator of the luxury hotel was Rs 165, ie it fell by 4.2 per cent and a total of Rs 700 crore shares were traded.
Those tracking the index had to sell shares worth about Rs 400 crore due to the withdrawal of it from the exchange. The ITC Hotels may be sold and sold for Rs 700 crore after being removed from NSE Nifty.
Dr. Aggarwal Healthcare’s share slipped on the stock market
Dr. Aggarwal Healthcare’s stock was listed in the market on Tuesday. But it started sluggish. Finally it closed slightly down from the IPO price. After touching a high level of Rs 413 and a low of Rs 370, it closed at Rs 401.6 while the issue price was Rs 402. The company’s IPO of Rs 3,027 crore was successful on the basis of the bid of institutional investors. The shares reserved for the rich and retail category received less bids and about 40-40 percent of them remained Anbika. Dr. Aggarwal’s new shares worth Rs 300 crore were issued in IPO of Rs 3,027 crore. The evaluation of the company at the last closed price seated Rs 12,684 crore.