Markets Expected to Open Sober Today, Tata Chintan Listing Might Double on

By Aditya Raghunath

Investing.com — Early cues indicate that and the will have a sober opening in the markets today. in Singapore are trading up 0.34% which indicates a gap up opening.

All eyes will be on specialty chemicals company Tatva Chintan Pharma which is scheduled to make its debut today. The grey market premium for this stock has consistently been over 100% and it is expected to list strongly and maybe even double from its issue price of Rs 1,083. The company’s Rs 500-crore issue was subscribed 180.36 times, the second-highest IPO subscription in 2021.

Foreign institutional investors (FIIs) continue to remain sellers of Indian equities. In July so far, they have net sold Rs 18,478.82 crore.

Asian markets are positive with up 0.36%, up 0.91% while is down less than 0.1%.

US futures are all trading lower after the US Federal Reserve didn’t give any indication of when they will start tapering down their asset-buying program. The fell 0.36% yesterday. As of this report, are down less than 0.1%, are down 0.18% while futures are down 0.33%.

is still holding strong over $72 levels as inventories in the US continue to remain low.

Read More: Markets Expected to Open Sober Today, Tata Chintan Listing Might Double on

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