Losses in financial and consumer stocks pulled the headline indices lower, though gains in oil & gas and metal shares lent some support.
Regina Mayor, Global Head of Energy at KPMG in an interview to CNBC-TV18 said that crude oil prices are being driven by a perfect storm of bullish fundamentals.
At 12:52 pm, Paytm shares were trading at Rs 575.95, up 9.83 percent from their previous close, on the BSE.
Bank stocks traded mixed on Thursday with most private banks in the negative territory, pulling headline indices lower, amid an overall cautious sentiment in the market on the Russia-Ukraine crisis and rising oil prices.
Zee and Sony will become number one in the TV broadcasting channel space with a 27 percent market share and number two will be closely behind at 25 percent.
“Consolidation is the need of the hour as the TV industry is going through a lot of transition.
Shares of Suven Pharmaceuticals hit a record high of Rs 617 on rallying 5 percent on the BSE in Thursday’s intra-day trade in otherwise subdued market.
Investors are worried that rising commodity prices will add additional upward pressure on already high inflation due to supply chain bottlenecks, said ICICI Direct.
The Securities and Exchange Board of India to shut down their funds and unwind their positions within the next six months, LiveMint reported on Thursday.
The stocks are at an elevated level in terms of valuations and there are high expectations as well.
In Noida, Greater Noida, and Ghaziabad domestic PNG will now cost Rs 35.86 per SCM.
IndusInd, Bajaj Finance, Tata Motors and SBI also among the top losers.
The 30-scrip Sensex index sheds as much as 546.3 points to 57,138.5 in the first few minutes of the session.
The FPO of Ruchi Soya Industries, which is owned by yoga guru Ramdev-backed Patanjali Ayurved, aims to raise up to Rs 4,300 crore.
The maximum call open interest is accumulated at the strike prices of 18,000 and 17,500, with around 1.7 lakh contracts each, and the maximum put open interest at 16,500, with more than 84,000 contracts, according to exchange data.