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Rising bond yields, a surge in Covid-19 cases, a robust IPO pipeline are among some of the key factors that have been weighing on market sentiment.
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The market breadth, indicating the overall health of the market, was weak. On the BSE, 668 shares rose and 1832 shares fell. A total of 126 shares were unchanged.
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Initial public offerings of speciality chemicals manufacturer was subscribed a whopping 106.79 times on the last day of subscription on Wednesday
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The initial public offer of specialty chemicals company was subscribed 44.06 times on the last day of bidding on Tuesday.
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The US central bank showed an optimistic view about the outlook for the American economy, but Federal Reserve Chair Jerome Powell cautioned a full recovery remains far off.
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Power Finance Corporation Ltd lost 7.85% today to trade at Rs 121.55. The S&P BSE India Infrastructure index is down 3.54% to quote at 213.26. The index is down 2.76 % over last one month.
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Market dynamics have become highly complex with an uncertain cocktail of positive and negative factors.
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Shares of Easy Trip Planners opened for trading at Rs 212.25 on the National Stock Exchange, compared to the issue price of Rs 187, marking a premium of 13.50%.
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NPK stands for nitrogen, phosphorus, and potassium, the three nutrients that compose complete fertilizers.
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The scrip has advanced 173% from the closing levels of the listing day and hasn't disappointed the investors who bought it post listing