As per provisional closing data, the barometer index, the S&P BSE Sensex declined 610.37 points or 0.92% to 65,508.32. The Nifty 50 index lost 192.90 points or 0.98% to 19,523.55.
In the broader market, the S&P BSE Mid-Cap index fell 1.19% while the S&P BSE Small-Cap index shed 0.34%.
The market breadth was negative. On the BSE, 1,625 shares rose and 2,036 shares fell. A total of 129 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 10.68% to 12.82.
New Listing:
Shares of Yatra Online were currently trading at Rs 134.50 at 10:29 IST on the BSE, representing a discount of 5.28% as compared with the issue price of Rs 142.
The scrip was listed at Rs 130, exhibiting a discount of 8.45% to the issue price.
So far, the stock has hit a high of 137.75 and a low of 127.40. On the BSE, over 4.30 lakh shares of the company were traded in the counter so far.
IPO Update:
The initial public offer (IPO) of Valiant Laboratories received bids for 47.18 lakh shares as against 76.23 lakh shares on offer, according to stock exchange data at 15:36 IST on Thursday (28 September 2023). The issue was subscribed 0.62 times.
The issue opened for bidding on Wednesday (27 September 2023) and it will close on Tuesday (3 October 2023). The price band of the IPO is fixed at Rs 133-140 per share. An investor can bid for a minimum of 105 equity shares and in multiples thereof.
Stocks in Spotlight:
JSW Steel shed 1.46%. The steel major on Friday announced that it has acquired the remaining 50% stake in NSL Green Steel Recycling (NSL) from National Steel Holding (NSHL).
Aurobindo Pharma fell 0.74%. The company's wholly owned subsidiary, Auro Vaccines has entered into a Licence Agreement with Hilleman Laboratories Singapore Pte. Limited to develop, manufacture and commercialize a pentavalent vaccine candidate used in children vaccination.
Dixon Technologies (India) declined 1.01% after the company's wholly owned subsidiary, Padget Electronics has entered into an Agreement with Xiaomi to carry out manufacturing of smart phones and other related products for Xiaomi. The manufacturing shall take place at Padget's manufacturing facility situated at Noida.
Gensol Engineering gained 1.90%. Gensol EV Lease bagged an order for more than 500 Tata Ace cargo electric vehicles (EVs) valued at Rs 75 crore from an all-electric logistics company. Gensol EV Lease is an EV-focused leasing solutions provider and a subsidiary of Gensol Engineering.
NBCC (India) skid 0.82% after the company has announced sale of Commercial Built-up space in World Trade Centre, New Delhi at Nauroji Nagar through e-auction. The area offered for sale is 14.75 lakh square feet and the value of the area offered is Rs 5,716.43 crore.
KP Energy hit upper circuit of 5% after the company said that it has commissioned the 10.5 MW (Phase-V) ISTS-connected wind power project at Sidhpur site in Gujarat's Dwarka for Apraava Energy.
Global Markets:
Most of the markets in Europe advanced while Asian stocks traded mixed after notching some gains on Wednesday as an uptick in Treasury yields and oil prices dented investor sentiment on Wall Street.
South Korea's markets are closed for a public holiday.
US stocks finished the day mixed on Wednesday. Investors will watch for economic data on jobless claims, home sales and the GDP on Thursday, before turning attention to the latest personal consumption expenditures price index reading due Friday.
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