Indian markets advance on falling oil prices:Sensex jumps 400 points; today is last day to subscribe to NSE IPO

The Indian stock market opened on a positive note today, with both benchmark indices trading higher. Strong global cues and active buying in defensive sectors have boosted investor sentiment. The BSE Sensex is trading around 74,700, up by over 300 points. Meanwhile, the NSE Nifty50 has gained nearly 50 points, trading close to the 23,400 mark. Oil prices continued to fall despite fresh attacks claimed by the Houthis. Brent crude futures declined 2% to $101 a barrel at the time of writing this article. IT, Pharma, and FMCG Lead the Gains Sectoral buying is driving the market rally today. Shares in the IT, Pharmaceutical, and FMCG (Fast-Moving Consumer Goods) sectors are seeing the highest demand from investors, helping the indices maintain their upward momentum. Big Story: Last Day to Subscribe to the NSE IPO Today (September 21) is the final day for investors to bid for the Initial Public Offering (IPO) of the National Stock Exchange (NSE), India’s largest stock exchange. Here are the key details of the public issue: Subscription Status: The IPO has been subscribed 1.04 times over its first two days. Price Band: ₹1,700 to ₹1,785 per share. Lot Size: 8 shares. Minimum Investment: Retail investors need to invest at least ₹14,280 to apply for one lot at the upper price band of ₹1,785. Global Market Cues Asian markets advance Monday Major Asian markets are trading higher today, providing a positive setup for Indian equities. Mixed Close on Wall Street US markets ended on a mixed note during the previous trading session on Friday, September 18. Institutional Activity: FIIs Sell ₹7,620 Crore in 7 Days Foreign Institutional Investors (FIIs) have been net sellers over the past week, pulling out significant funds from the Indian market. However, Domestic Institutional Investors (DIIs) have continued to support the market with steady buying. (Note: All net buying/selling figures are in ₹ crore) Previous Session Recap (Friday, September 18) On Friday, the Indian markets closed on a mixed note. The Sensex ended slightly lower, dropping 20 points to close at 74,295. On the other hand, the Nifty50 managed to gain 76 points, closing the week at 23,346.