BSE IPO index plunges 8% as Zomato, Nykaa, MapMyIndia tank up to 20%

Latent View Analytics, Go Fashion, Chemplast Sanmar, Macrotech Developers (Lodha), CMS Info Systems, Sona BLW Precision Forgings and Devyani International slipped between 8% and 10%.

The S&P BSE IPO index plunged 8 per cent as the recently listed stocks were hammered on Monday amid a heavy sell-off in the markets. The stock markets were under selling pressure for the fifth straight trading session owing to weak global cues on rising concerns about inflationary pressures, surging coronavirus cases and prospects of interest rate hikes.

Zomato, FSN E-Commerce Ventures (Nykaa), C E Info Systems (MapmyIndia) and PB Fintech, the parent company of Policybazaar were down up to 20 per cent in intra-day trade so far. All these stocks hit their respective all-time lows since their listing