Maha IPO, Musk Gets Twitter and The Tussle for Cement | Weekly Market Wrapup 29 April

The much-awaited LIC IPO was announced this week. The IPO size was reduced in view of the market volatility arising out of the Russia-Ukraine crisis.

As India experiences its highest temperatures in the heatwave this summer, a war is brewing in the cement sector as JSW and Adani line up lenders to acquire stakes in Ambuja, and ACC as an aftermath of Holcim’s exit plans. 

The benchmark indices fell flat on the week as a whole. Nifty closed the week with a 0.4% loss and ended at 17,103, losing 69 points. BSE Sensex ended the week at 57,060 losing 136 points. Bank Nifty was up 0.12% during the week, ending at 36,088.

https://blog.arihantcapital.com/index.php/indian-stocks-market-weekly-wrapup-29-apr/

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