Equity benchmarks buckled under selling pressure for the third session on the trot on Thursday as bearish global cues and a disappointing market debut for Paytm unnerved investors. The 30-share BSE Sensex tumbled 372.32 points or 0.62 per cent to finish at 59,636.01. Similarly, the NSE Nifty dived 133.85 points or 0.75 per cent to 17,764.80. M&M was the top loser in the Sensex pack, shedding 3.28 per cent, followed by Tech Mahindra, HCL Tech, L&T, Tata Steel, IndusInd Bank and Maruti. Only six index constituents managed to close in the green -- SBI, PowerGrid, HDFC Bank, Reliance Industries, ICICI Bank and HUL, climbing up to 1.16 per cent. In the broader market, One97 Communications Ltd, Paytm's parent company, crashed around 27 per cent in its market debut on Thursday. Paytm's Rs 18,300-crore IPO, the country's largest initial share sale, was subscribed 1.89 times last week. "Weak listing of India's largest IPO and soft global market amid rising inflation woes impacted ...
What are upper and lower circuits? What happens if these circuits are hit? For how long is the trading halted? Why do we have these circuits anyway? Here is an explainer for you
The parent firm of Paytm has launched India's biggest IPO. And the owner of Pizza Hut and KFC is opening its IPO today. Both these companies are loss-making. So, what should investors do?
Banking, FMCG and energy shares came under heavy selling pressure
This is not the first time the bank has repatriated capital from its foreign arms
Analysts said the inflationary pressure seen by companies such as HUL and Nestle India have made the Street temper down its earnings growth expectations
Gain for 7th day; shrug off worries about rising yields, oil prices
In the last seven sessions, the benchmark has rallied 2,575.86 points or 4.35 per cent.
Indian companies have raised $10.8 billion from first-time share sales this year
Shares of the market heavyweight gained 1.02 per cent to close at Rs 2,695.90 on the BSE.
The stock of Rallis India has picked up momentum with improved bias and positive bullish candle to move past the significant cluster of 200DMA and 50EMA levels
Mutual funds distributor platform BSE StAR MF registered a net inflow of Rs 6,396 crore in equity schemes in September, BSE said on Friday
Capacity expansion, high operational efficiency, focus on renewables and reasonable valuation are triggers
Indian equities opened positive but gave in to profit-booking in second half following weak global cues, says an analyst
Stock market LIVE: All sectoral indices ended in the red with capital goods, IT, metal, pharma, auto, realty and PSU Bank indices falling in the 1-3 per cent range
In the past one month, the S&P BSE SmallCap index has gained nearly 5 per cent, as against a 4.6 per cent rise in the S&P BSE MidCap index and 2.1 per cent rise in the S&P BSE Sensex
The optimism over India's economic rebound pushed the benchmark S&P BSE Sensex above the 60,000-mark.
Stock market LIVE: On the sectoral front, barring Nifty Realty, Pharma, PSU Bank, all indices trade in the green
Stock market LIVE: Sectorally, all the indices were in the green, led by the Nifty Realty index (up 3.5 per cent)
The exchange will take the required internal approvals and apply to markets regulator Sebi for the launch of the new class of security on its platform, he added.