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Share markets in India are presently trading on a negative note tracking weak global markets.

Sectoral indices are trading mixed with stocks in the telecom sector, metal sector and energy sector witnessing selling pressure, while consumer durable stocks and IT stocks are witnessing buying interest.

The BSE Sensex is trading down by 183 points (down 0.4%), while the NSE Nifty is trading down by 65 points (down 0.5%). The BSE Mid Cap index is trading down by 0.8%, while the BSE Small Cap index is trading down by 0.6%.

The rupee is currently trading at Rs 71.59 against the US$.

In news from the mining sector, shares of NMDC declined over 3.5% in early trade today after the company reported weak iron ore production in November.

The company's production for the month was down 10.6% at 2.94 MT against 3.29 MT.

The company's sales remained flat at 2.79 MT, YoY.

NMDC share price is presently trading down by 1.1%.

In latest developments from the IPO space, domestic institutions have issued commercial papers worth more than Rs 325 billion to fund IPOs of Ujjivan Small Finance Bank and CSB Bank.

As per an article in The Economic Times, IIFL, Infina Finance, Aditya Birla Finance, JM Financial and Sharekhan BNP Paribas are among the institutions that have issued commercial papers, mostly for a 14-day period offering 7.5-8% yield, specifically to fund these IPOs.

Here's an excerpt from the article:

• Out of the 15 IPOs so far this year, only three - Affle India, IRCTC and CSB Bank - were financed by the NBFCs, but this would be the highest amount raised this year. In 2018 only three of the 24 IPO saw demand for IPO finance.

Ujjivan Small Finance Bank's Rs 7.5 billion initial public offering, which opened for subscription on Monday, could see a good response because of the funding.

The issue was subscribed 1.7 times on day one, buoyed by strong participation from retail investors. The retail investor portion was subscribed nearly 9 times.

On Friday the company allotted shares worth Rs 3 billion to anchor investors. The allotment was made at Rs 37 per share.

The IPO closes on Wednesday. The price band for the issue is Rs 36 to Rs 37 per share.

Microfinance lender Ujjivan Financial Services is the holding company of Ujjivan Small Finance Bank.

How this IPO sails through remains to be seen. Stay tuned for more updates from this space.

Speaking of IPOs, 2019 has seen some of the most mindbogglingly profitable IPOs.

The top six IPOs of the year have given high double-digit and triple-digit returns so far - IRCTC (180%), IndiaMART InterMESH (121%), Affle India (105%), Neogen Chemicals (73%) and Polycab India (72%).

In a recent edition of The 5 Minute WrapUp, Ankit Shah shares how IPOs offer insights into the mood of the stock markets.

He picked the six most successful IPOs of the year and checked the retail investor enthusiasm for them.

Obviously, all these IPOs were oversubscribed across investor categories. But the level of retail investor enthusiasm differed widely, depending on the overall market sentiments. This can be seen in the chart below:

Are Retail Investors Back in the IPO Game?

Here's what Ankit wrote about it...

• Clearly, IRCTC witnessed the highest number of bids for the retail category. Factoring in the discount of Rs 10 per share for the retail category, the total bids were worth a whopping Rs 3,242 crore. Over five times the entire IPO size!
  
  Polycab India and the recent IPO of CSB Bank also received a strong thumbs-up from retail investors.

Does this hint that retail investors are coming back to the markets? Could we witness of flurry of IPOs in the coming months?

Ankit is keeping a close watch and going to pick all the profitable IPOs for his readers at Insider.

Also, since we are talking about IPOs, this one IPO has been the hot topic in the world over. I am talking about the Saudi Aramco IPO.

There's a lot going on this front.

Saudi Aramco's much heralded and oft-delayed initial public offering is going ahead, albeit in a scaled down version of the original plan by Saudi Crown Prince Mohammed bin Salman.

There'll be no grand opening on the London or New York stock exchanges. The sale is restricted to the Saudi bourse and won't even by marketed to most international money managers.

Investors will be able to purchase just 1.5% of the world's most profitable company, about half what was previously considered. Even so, the share sale in early December will come close to, or even surpass, the record for the biggest IPO in history.

So, what does all that mean for crude oil investors and traders? And why is important?

At a time when Saudis are not sharing many details with their wall street investment bankers, Vijay Bhambwani in his latest video, raises a few questions that the mainstream media is not covering, and not even crude oil traders are asking...

Tune in to find out...

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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