Sensex, Nifty End Flat; Doms India IPO booked 4.7 Times

Benchmark indices ended on a flat note on December 13 with Nifty above 20,900 amid high volatility. At close, the Sensex was up 33.57 points or 0.05 percent at 69,584.60, and the Nifty was up 19.90 points or 0.10 percent at 20,926.30. About 2087 shares advanced, 1553 shares declined, and 111 shares unchanged.

Among sectors, auto, power, pharma, capital goods, realty were up 1 percent each, while Information Technology index down 1 percent.

The BSE midcap index rose 1 percent and smallcap index added 0.7 percent.

Doms India IPO:

DOMS Industries Limited opened for subscription on December 13, 2023 It will remain open till December 15, 2023. The company has fixed DOMS IPO price at Rs 750 to Rs 790 per equity share.

DOMS Industries IPO comprises a fresh issue of shares of up to Rs 350 crore. It has an offer for sale (OFS) of equity shares by a promoter and others aggregating up to Rs 850 crore.

The stationery company aims to raise Rs 1,200 crore from its public offer. A bidder will be able to apply in lots. One lot of the public offer comprises 18 shares of the company.

Stocks to Buy for Upto 14% Upside

Within minutes of the IPO opening, investors fully booked the retail portion. It was subscribed 17.11 times the allocated portion of 15.93 lakh shares, reaching 2.72 crore shares.

In the Non Institutional Investors (NIIS) space, investors bid for 5.8 times of the total 23.89 lakh shares. Investors with bidding amounts exceeding Rs 10 lakh booked 4.82 times or 15.93 lakh shares in this space.

Qualified Institutional Buyers (QIBs) have bid for 3 percent of their allocated portion.

Asian Markets End Mixed:

China stocks led declines among Asia-Pacific markets Wednesday as investors digested Beijing’s plan to boost domestic demand, ahead of the interest rate decision from the US Federal Reserve.

In Australia, the S&P/ASX 200 climbed 0.31 percent and closed at 7,257.8, extending its four-month highs. The Nikkei 225 in Japan progressed by 0.25 percent, concluding at 32,926.35, whereas the Topix remained unchanged at 2,354.92. South Korea’s Kospi fell 0.97 percent to close at 2,510.66. Hong Kong’s Hang Seng index fell 0.94 percent in its final hour, after leading gains in Asia on Tuesday.

European Markets Higher Ahead of US Fed Decision:

Wednesday saw mixed movements in European markets as investors awaited the last monetary policy decision of the year from the US Federal Reserve.

The pan-European Stoxx 600 opened flat, with sectors trading in mixed territory. FTSE added 0.35 percent at 7,569.18 while DAX gained 0.19 percent at 16,823.78 while CAC advanced 0.38 percent at 7,572.44 mark.

Oil holds soft tone on oversupply worries ahead of Fed meeting

Oil prices extended losses on Wednesday, after falling by more than 3 percent to six-month lows on oversupply and demand concerns.

Brent crude futures for February fell 33 cents, or 0.45 percent, to $72.91 a barrel by 0621 GMT. US West Texas Intermediate crude futures for January dropped 29 cents, or 0.42 percent, to $68.32 a barrel.

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