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The 30-share BSE benchmark Sensex plummeted 1,449.03 points to 48,580.80 intra-day. It finally closed 870.51 points or 1.74% lower at 49,159.32
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At close, the Sensex was down 870 points or 1.74% at 49,159, and the Nifty was down 229 points or 1.54% at 14,637.
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Macrotech Developers, Dodla Dairy, Seven Islands Shipping, Sona BLW Precision Forgings (Sona Comstar), Aadhar Housing Finance, KIMS Hospitals will hit the street with initial public offer (IPO) in the month of April
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Concerns over rising Covid-19 cases have resulted in market volatility in the the past few days
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Market experts say that excessive cancellations of large orders lead to manipulative increases or decrease in prices, which impacts retail investors
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When a company goes public, it taps on a large userbase to raise funds and meet its growth objectives
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At least 29 stocks on the BSE have managed to deliver positive returns year after year since March 2016.
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Benchmark equity indices Sensex and Nifty cracked over 2% on Monday as a spike in domestic coronavirus cases and fresh curbs imposed by Maharashtra dented the investor sentiment.
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The 30-share index traded 1,091 points, or 2.18%, down at 48,938 at around 10.14 am (IST).
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Cues from RBI policy , macroeconomic data, COVID-19 trends, Q4 earnings and global cues to be the key near term triggers for markets