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As of Monday evening, the unofficial grey market premium (GMP) - the price over the IPO price in the unofficial market that investors pay for the shares before listing - of Hyundai bounced to 90, or 5% of the IPO price of 1,960. It had fallen to a discount of 30 on Friday.
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Kotak Mahindra Bank dived 4.7% and RBL Bank plunged 13.8%. HDFC Bank shares advanced 2.6%, emerging as sole gainer in Bank Nifty index, which shed 0.3%. Benchmark Nifty ended 0.3% lower at 24,781 in choppy trades.
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Net inflows into equity-oriented schemes rose 95% to 4.3 lakh crore in September 2024 from 2.21 lakh crore a year ago, while inflows through systematic investment plans (SIP) increased by 41% to 2.43 lakh crore, compared with 1.72 lakh crore in the same period.
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