Magnum Ventures, New Delhi-based paper maker today got listed at Rs 37 per share on the Bombay Stock Exchange (BSE), with a premium of 23.16% above its issue price of Rs 30 per share.

Within a few minutes of opening, the company’s scrip touched an intra-day high of Rs 66.70 and a low of Rs 36.95, as many as 35.11 lakh shares changed hands on the BSE.

The scrip got listed at Rs 36.60 on the National Stock Exchange (NSE), and touched a high of Rs 66.90 and more than 35.90 lakh shares were traded.

In early trading session, the scrip spared a few gains from its intra-day high and was dealing at Rs 59.35 on BSE and at Rs 58.45 on NSE.

After opening positively at 16,341.55, the 30 share index has been fluctuating between the positive and negative in the morning sessions of the trade. Selected stocks from auto and real estate boosted, whereas IT and banking stock declined.

Mumbai, Sep 19: The Bombay Stock Exchange (BSE) 30 share sensitive index (Sensex) crossed 16,000 mark at it’s opening on Wednesday. NSE Nifty also opened strong after strong global cues. After US Federal Reserve announced cut in key interest rate for the first time in four years, the bulls took charge of Indian Stock Markets.

The Sensex gained 405 points with no losers among the index stocks.

Maruti, HDFC and HDFC Bank gained around 4 per cent each to Rs 914, Rs 2,273 and Rs 1,278, respectively.