In the primary market, Venus Pipes & Tubes IPO was subscribed 2 times on Day 1 of the offer period; Delhivery IPO was off to a slow start.
Hindustan Unilever and Asian Paints gained the most at 3.24 per cent and 2.5 per cent, respectively
The BSE Midcap and Smallcap indices ended with heavy losses of over 2 per cent each. Debutant Rainbow Children's Medicare ended a steep discount of 17 per cent to its issue price.
Indian equity mutual funds have lured billions of dollars in inflows over the last couple of years amid a retail-investing boom
European and Asian equities traded weak on concerns around world economic growth amid surging inflation, monetary tightening, and a slowdown in China's export
The broader markets ended with deeper losses, with both the BSE Midcap and Smallcap indices down over 1.5 per cent each; the breadth too at 2:1 was in favour of the bears.
The Midcap and Smallcap indices declined over 2 per cent each; The breadth too favoured the bears in 3:1 ratio.
Record-high inflation levels, dented prospects of corporate profitability and likelihood of contraction in economic growth continue to batter equities.
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
Monetary policy response will help preserve macro-financial stability, says RBI governor as he announces benchmark rate hike
Meanwhile, the mega LIC IPO was off to a steady start, with policyholder and employee segment receiving strong response on Day 1 of the offer period.
CLOSING BELL: IndusInd Bank, NTPC, Tata Steel, HDFC, PowerGrid, and ITC were the major gainers
Rising inflation has forced central banks, including the US Fed, to hike rates to tame inflation.
CLOSING BELL: Coal India, Adani Ports, Power Grid, Maruti Suzuki, Bajaj Auto, ONGC, Wipro, and Britannia Industries were the other laggards, down between 2.5 per cent and 4 per cent
Both foreign portfolio investors (FPIs) as well as domestic institutions were net buyers on Thursday
As of 06:50 AM, the SGX Nifty April futures quoted at 17,066. According to analysts, the April series has been one of the most volatile series for the Nifty in recent times. The options data.
The company's market valuation declined by Rs 31,727.37 crore to Rs 4,06,645.63 crore on the BSE
CLOSING BELL: Life Insurance Corporation of India (LIC) will come out with its IPO on May 4
One of the factors that lifted sentiment was China's pledge to boost monetary-policy support to bolster its Covid-19-hit economy
CLOSING BELL: Sectorally, all the indices ended in the green zone, led by the Nifty Realty and Auto indices, up 3.5 per cent and 3 per cent, respectively