Wise Travel India Limited shares list at 32% premium - Check details

Wise Travel India Limited listing: Shares of Wise Travel India Limited made a decent debut as they got listed at 32.6 per cent premium over the issue price of Rs 147. The stock opened at Rs 195 on the NSE SME platform. 

Earlier, the IPO - which opened for subscription on February 12 - was subscribed 160 times with the retail portion getting booked 108 times.

The price band for the IPO was fixed at Rs 140-147 per share.

Meanwhile, stock indices opened on a positive note at the start of the trading week, indicating a surge towards the positive trajectory. The Sensex opened 73.11 points up at 72,517.06, while the Nifty began 42.50 points higher at 22,082.55.

Among the Nifty companies, 38 witnessed advances while 11 experienced declines in the opening session.

The opening session saw notable performances from several companies. Wipro, SBO Life, M&M, Adani Ports, and Baja-Auto emerged as the top gainers, showcasing strong upward momentum.

On the other hand, Power Grid, Britannia, SBI, Reliance, and NTPC faced losses, positioning them as the top losers in the initial trading hours.

The domestic equity indices are anticipated to embark on a cautiously optimistic trajectory, influenced by mixed signals from global markets.

Last week, Asian markets demonstrated a mixed performance, while US stocks closed lower amidst fading expectations for immediate interest rate cuts by the US Federal Reserve.

Investors are closely monitoring various market catalysts, including domestic macroeconomic data, US Fed minutes meeting, crude oil prices, foreign capital inflows, and global market trends.

The opening session reflects investor sentiment characterized by cautious optimism amid global market dynamics and ongoing economic developments.

As trading progresses, market participants will closely monitor key indicators and news flows to navigate market volatility and capitalize on emerging opportunities.