Markets plummet as bearish sentiment prevails for 5th day; Sensex, Nifty tumble over 2 percent
May 12, 2022 16:22 ISTThe 30-share BSE Sensex tumbled 1,158.08 points or 2.14 per cent to end below the 53,000-level at 52,930.31.
The 30-share BSE Sensex tumbled 1,158.08 points or 2.14 per cent to end below the 53,000-level at 52,930.31.
FHRAI cautioned that Oyo's IPO will allegedly wipe out public wealth while enriching its founders and key management.
LIC Allotment Status: LIC IPO Those who have bid for LIC IPO can check their allotment status at BSE website or at the official website of its registrar KFin Technologies Limited. LIC IPO GMP has turned negative.
Equity benchmark indices opened on a negative note on Thursday with the Nifty slipping below the 16,000 and Sensex falling nearly 850 points.
Unabated selling by foreign institutional investors and a jump in crude prices also weighed on sentiment, traders said.
Delhivery IPO comprises fresh issuance of equity shares worth Rs 4,000 crore and an Offer for Sale (OFS) component of Rs 1,235 crore by existing shareholders.
The NSE Nifty declined 61.80 points or 0.38 per cent to end at 16,240.05. Among the Sensex firms, Tata Steel, Sun Pharma, NTPC, Titan, Bajaj Finance, Reliance Industries, Tech Mahindra and ITC were among the major laggards.
LIC IPO: Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received by the insurance giant.
The stock has been quoting lower for the past many days and further slumped 3 per cent to Rs 2,542.10, amid a weak trend in the broader market.
The stock listed at Rs 355, registering a premium of 21.57 per cent, against the issue price on the BSE.
Sensex declined more than 800 points to trade below 54,000 in the opening trade while Nifty slipped below 16,200 after falling 250 points.
A sharp drop in the rupee amid a spurt in crude oil prices and unabated foreign fund outflows added to the woes.
LIC IPO: Overall, the country's biggest-ever IPO is more than fully subscribed as it has received 17,98,42,980 bids, as against 16,20,78,067 shares on sale.
The 30-share BSE benchmark dived 980.45 points to 54,721.78 in early trade. The NSE Nifty also declined 300.15 points to 16,382.50.
All three main Wall Street benchmarks -- Dow Jones, Nasdaq and S& 500, surrendered gains made during a relief rally on Wednesday.
The 30-share BSE benchmark Sensex had jumped 897.77 points or 1.61 per cent to 56,566.80 during the day. But it pared most of the gains and closed just 33.20 points or 0.06 per cent higher at 55,702.23. Similarly, the NSE Nifty inched up 5.05 points or 0.03 per cent to 16,682.65.
Sensex and Nifty fell over 2 per cent each soon after RBI announced to hike the repo rate and cash reserve ratio.
LIC IPO Price, LIC GMP Today: LIC IPO will remain open for subscription till May 9. In the grey market, LIC shares are trading at a premium of roughly 9 per cent.
LIC has fixed the price band at Rs 902-949 per equity share for the issue. The offer includes a reservation for eligible employees and policyholders.
Top News
Latest News