Market under pressure

After IdeaForge, Senco and Utkarsh Small Finance Bank, Netweb Tech made blockbuster market debut on Thursday. Netweb Technologies shares got listed at `947, an 88% premium to the issue price of `500. This was expected given the strong IPO subscription numbers and premium it was commanding in grey market. Anubhuti Mishra, equity research analyst, Swastika Investmart, said such a premium is justified because Netweb is a leading provider of high-end computing solutions in India.Read more:

1. Stock Market Live updates: Sensex drops over 300 points, Nifty around 19,700; Nifty Pharma, Healthcare indices shine - The Hindu Business Line
2. Market under pressure as US Fed raises rate - The New Indian Express
3. Sell or Hold? Here's what you should do with Netweb Technologies shares after a strong listing pop - Business Today

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