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The stock opened at 328 apiece on NSE, logging a 2.2% premium over the issue price. On BSE, the stock opened at 326.05, up 1.6%. It ended the circumspect trading session at 302.50, down 5.8% below the IPO price of 321 apiece.
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Bids offered for this OMO round were worth 1.32 lakh crore, against the notified amount of 50,000 crore. The Reserve Bank of India (RBI) has scheduled further bond purchases worth 75,000 crore for the month of May with an aim to quicken the pace of policy rate transmissions.
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The BSE Sensex fell 0.2%, or 155.7 points, to close at 80,641, while the NSE Nifty-50 slipped 0.3%, or 81.55 points to end at 24,379. Adani Enterprises, Jio Financial, SBI Life, Trent, and Eternal were among the top Nifty losers.
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