The BSE Sensex after touching a low of 57,804, rebounded into the positive for brief while and registered the day’s high at 58,322.
The overall breadth was marginally positive, with 1,782 advancing shares versus 1,519 declining stocks on the BSE.
The stock touched a high and low of Rs 615 and Rs 566, respectively, before settling with a 6 per cent gain versus the issue price on its debut day on the bourses.
The QIBs portion was subscribed 7.38 times, while the retail and wealthy investors quota was subscribed 1.06 times and 1.17 times, respectively.
Kotak Bank, HDFC, Mahindra & Mahidnra, Reliance Industries, Bajaj Finserv and Bajaj Auto had declined 1 – 1.5 per cent each.
The BSE Power index had jumped over a per cent, and the IT index was the other notable gainer.
Live market updates: The key benchmark indices had recouped most of the losses, but slipped a wee bit again in mid-noon deals.
Along with IT, select banking shares also bounced back into the positive zone.
The BSE Smallcap index bounced back into the positive zone, and was up 0.1 per cent.
The BSE Sensex which touched a low of 57,804, was down 83 points to 58,200.
We may see selling pressure in Indian markets, dragged down by IT and banking stocks as the spread of the Omicron variant of Covid-19 unnerved investors globally ahead of central bank meetings later this week.
Among individual stocks, shares of Shriram Transport Finance dropped over 3 per cent after the Group announced restructuring plan.
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