Stock Market Today : Sensex drops 500 points, Nifty dips below 18000 amid unfavourable global cues

Stock Market Today: In spite of weak global indications, Indian benchmark indices opened lower. The NSE Nifty 50 lost the psychological milestone for 18000 while the Sensex fell further after opening 334.88 points, or 0.55%, lower at 60491.34. On the Nifty, big losers included Tata Motors, Tata Steel, Wipro, Hindalco, and Infosys, while winners included Sun Pharma, Dr. Reddy’s Laboratories, Cipla, and ONGC.

Except for the Nifty Pharma index, all sectors were immersed in a sea of red

All sectors, with the exception of the Nifty Pharma index, were submerged in a sea of red, with the Nifty Media, Nifty Metal, and Nifty PSU Bank indexes falling the most. Shares of India Cements fell more than 2% among individual stocks after search operations were performed at the company’s Chennai office by the trading regulator CCI.

Stock Market Today: The price per share for the initial public offering has been set at Rs. 506

On December 23, Landmark Cars’ stock will make its debut on the stock exchanges. The initial public offering’s issue price has been set at Rs 506 per share. On Friday, shares of Abans Holdings, the financial services division of the Abans Group, will also be listed on the BSE and NSE.

The agreed-upon final offer price is Rs 270 per share. In the meantime, today’s subscription period for Radiant Cash Management Services’ IPO will begin. At a price range of Rs 94-99 per share, the company is offering more than 2.79 crore equity shares in the offering.

Disclaimer: (This piece of information is purely informational. It is important to note that offers, discounts, and/ or any other scheme/ information/ statistics must be personally verified by the readers from the respective sources. Readers are advised to invest or purchase solely at their own risk. DNP News Network Private Limited, website or the writer doesn’t validate the offers in any context. We will not be liable for any financial or other losses.)

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