The company received total bids of 4,70,160 shares against the issue size of 4,55,06,791 shares. The portion reserved for retail investors got bids for 3,99,880 shares against 2,29,08,464 shares on offer.

Ahead of the FPO launch, billionaire Gautam Adani has already raised around Rs 6,000 crore from over 30 institutional investors, including global investment funds such as Abu Dhabi Investment Authority (ADIA), Al Mehwar Investments, Citigroup Global, Morgan Stanley, Goldman Sachs, and domestic insurance majors such as LIC and HDFC Life Insurance.

Ahead of the launch of the mega Rs 20,000 crore-FPO of Adani Enterprises on Friday, the diversified conglomerate raised around Rs 6,000 crore over 30 institutional investors, but interestingly, the list showed not a single mutual fund participated in the anchor book.

Nifty futures on the Singapore Exchange traded 82.50 points or 0.46% higher at 18,036, signalling a positive start for Dalal Street.

KR Choksey is bullish on HDFC Life Insurance Co has recommended buy rating on the stock with a target price of Rs 735 in its research report dated January 24, 2023.

ICICI Direct is bullish on HDFC Life Insurance recommended buy rating on the stock with a target price of Rs 690 in its research report dated January 22, 2023.

Emkay Global Financial is bullish on HDFC Life Insurance has recommended buy rating on the stock with a target price of Rs 700 in its research report dated January 21, 2023.

Motilal Oswal recommended Neutral rating on HDFC Life Insurance with a target price of Rs 670 in its research report dated January 21, 2023.

Citigroup downgraded JSW Steel to a sell rating from neutral post December quarter results with a target price of Rs 675.

The NSE Nifty index was trading 125.35 points up at 18153.0

Banka Bioloo, Chembond Chem, Shreeoswal Seeds, Radhika Jeweltech and Lloyds Steels, hit their fresh 52-week highs at 10:30AM.

The company's stock was trading 1% lower post earnings announcement.

Company expected to post steady value of new business and healthy new business margins, two key metrices for life insurers. HDFC Life has been reporting superior NBMs for several quarters now.

Om Mehra, Equity Research Analyst at Choice Broking said, we expect Indian markets range bound today with stock specific actions as big companies like Reliance, JSW Steel & HDFC Life will declare their quarterly results.

Adani Ent., HUL, Titan Company, IndusInd Bank and UltraTech Cem. were among the top losers on NSE.

Mold Tek Tech, Chaman Lal Setia, Hisar Metal Ind, Usha Martin and Touchwood Entertainm, hit their fresh 52-week highs at 11:16AM.

The NSE Nifty index was trading 53.35 points down at 18112.0

The NSE Nifty index was trading 67.1 points down at 18098.25

The NSE Nifty index closed 112.05 points up at 18165.35

Tata Motors, HDFC Life, UltraTech Cem., Adani Ent. and BPCL were among the top losers on NSE in today's trade.

The NSE Nifty index closed 112.05 points up at 18165.35

The NSE Nifty index was trading 103.3 points up at 18156.6

The NSE Nifty index was trading 97.35 points up at 18150.65

JTL Infra, Homesfy Realty Ltd., TVS Electronics, Indiabulls Enterprises Ltd. and Bombay Super Hybrid, hit their fresh 52-week highs at 10:55AM.

HDFC Life, Tata Motors, M&M, Adani Ent. and Eicher Motors were among the top losers on NSE.

We still think that the RBI would not turn too restrictive. But we reckon the situation is fluid and the extent of global disruption and disinflation will remain key to the RBIs reaction function ahead,” economist Madhavi Arora at Emkay Global Financial Services said.

HCL Tech, L&T, Wipro, Apollo Hospital and RIL were among the top losers on NSE.

The NSE Nifty index was trading 78.05 points down at 17780.15

Promoters held 51.52 per cent stake in the company as of 30-Jun-2022, while FIIs owned 28.0 per cent, DIIs 6.58 per cent.

“It is not like you can buy anything and everything in the universe which is in single or double digit and expect that to be a multibagger. You can fall flat on your face not once, but many times in adventuring into these kind of ideas. But at the same time, there are certain stocks which have the capability of turning out to be a reasonable good investment bet.”

The NSE Nifty index closed 241.75 points up at 18101.2

The NSE Nifty index closed 241.75 points up at 18101.2

Titan Company, Bajaj Finserv, Bajaj Auto, HDFC Life and Grasim Inds. were among the top losers on NSE in today's trade.

Prozone Intu Proper, Lambodhara Text, 3P Land Holdings, Rama Steel Tubes and Donear Ind, hit their fresh 52-week highs during the day.

Titan Company, Eicher Motors, Bajaj Finserv, HDFC Life and Bajaj Auto were among the top losers on NSE.

Rama Steel Tubes, 3P Land Holdings, Pearl Polymers, Windsor Machine and Kandarp Digi Smart BPO Ltd., hit their fresh 52-week highs at 10:19AM.

The NSE Nifty index was trading 204.0 points up at 18063.45

Range breakout on weekly frame and holding wellafter surpassing hurdle of 600 zones.

On the options front, the weekly maximum Call OI is placed at 18000 and then 18100 strikes while the weekly maximum Put OI is placed at 18000, and then towards 17,600 strikes. Meaningful Call writing is seen at 18000 then 18100 strikes while minor Put writing at 17800 then 17600 strikes.

At this point in time, both Nifty and Bank Nifty are hovering near their recent lows. For Nifty, a fresh round of selling would emerge below 17,775 whereas for Nifty Bank, the support is placed at 41,500.

At this point in time, both Nifty and Bank Nifty are hovering near their recent lows. For Nifty, a fresh round of selling would emerge below 17,775 whereas for Nifty Bank, the support is placed at 41,500.