The benchmark indices extended losses in morning trade. The Nifty slipped below the 19,600 level. Financial services stocks edged lower for the second consecutive trading session.
At 10:30 IST, the barometer index, the S&P BSE Sensex, was down 357.10 points or 0.54% to 65,588.37. The Nifty 50 index shed 95.25 points or 0.48% to 19,569.45.
In the broader market, the S&P BSE Mid-Cap index added 0.18% while the S&P BSE Small-Cap index rose 0.27%.
The market breadth was negative. On the BSE, 1,579 shares rose and 1,655 shares fell. A total of 199 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 693.47 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 714.75 crore in the Indian equity market on 26 September, provisional data showed.
New Listing:
Shares of Sai Silks (Kalamandir) were currently trading at Rs 237.25 at 10:13 IST on the BSE, representing a premium of 6.87% as compared with the issue price of Rs 222.
The scrip was listed at Rs 230.10, exhibiting a premium of 3.65% to the issue price.
So far, the stock has hit a high of 237.90 and a low of 230.10. On the BSE, over 4.90 lakh shares of the company were traded in the counter so far.
Shares of Signatureglobal (India) were currently trading at Rs 446.80 at 10:30 IST on the BSE, representing a premium of 16.05% as compared with the issue price of Rs 385.
The scrip was listed at Rs 445, exhibiting a premium of 15.58% to the issue price.
So far, the stock has hit a high of 451.80 and a low of 444.10. On the BSE, over 2.03 lakh shares of the company were traded in the counter so far.
Buzzing Index:
The Nifty Financial Services index fell 0.89% to 19,621.30. The index declined 1.02% in two trading sessions.
ICICI Bank (down 1.4%), HDFC Bank (down 1.31%), Bajaj Finance (down 1%), Axis Bank (down 0.9%), State Bank of India (down 0.77%), Bajaj Finserv (down 0.75%), Kotak Mahindra Bank (down 0.74%), Indian Energy Exchange (down 0.57%), SBI Life Insurance Company (down 0.55%) and HDFC Life Insurance Company (down 0.43%) edged lower.
Stocks in Spotlight:
Shyam Metallics and Energy rose 0.10% after the company entered into energy storage sector with battery-grade Aluminum foil, a critical component in Lithium-ion cells.
Ramkrishna Forgings declined 0.57%. The company said that its board will meet on Friday, 29 September 2023, to consider and approve a proposal to raise funds by way of issuance of equity shares or any other eligible securities.
Container Corporation of India was up 0.04%. The logistics solution provider announced that its board has appointed Sanjay Swarup as chairman and managing director of the company, with effect from 1 October 2023 to 31 July 2026.
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