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Sensex falls 865pts from day's high, ends flat; RIL dips 2%, IT stocks gain

CLOSING BELL: Around 3:30 PM, the mega IPO of Life Insurance Corporation (LIC) was subscribed 91 per cent with policyholders' quota seeing a subscription of 2.79 times

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SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

Photo: Shutterstock
Photo: Shutterstock
CLOSING BELL

Equity indices pared their gains in the fag-end of the session and ended flat as US index futures indicated a subdued start on Wall Street later today. 

The S&P declined 865 points from the day's high to end at 55,702, up 33 points or 0.06 per cent on the . The Nifty50, meanwhile, shut shop at 16,683, up 5 points or 0.03 per cent, after hitting a high of 16,946 earlier today.

Tech M, Hero MotoCorp, Infosys, HCL Technologies, Wipro, and Tata Steel were the top gainers, rising 2-4 per cent on the . IndusInd Bank, Tata Consumer Products, Britannia Industries, Nestle India, Ultratech Cement, Sun Pharma, Eicher Motors, and RIL were the top laggards, down in the equivalent range.

In the broader market, the MidCap and SmallCap indices fell up to 0.27 per cent. Sectorally, the Realty index fell 2 per cent, followed by the Pharma index (down 0.95 per cent), and the Nifty PSU Bank index (down 0.8 per cent). The Nifty IT index, on the contrary, added 2 per cent.

LIC IPO
Around 3:30 PM, the mega IPO of Life Insurance Corporation was subscribed 91 per cent with policyholders' quota seeing a subscription of 2.79 times, employee quota 1.94 times, retail quota 84 per cent, and NII 39 per cent. 

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