Shares of Latent View Analytics on Tuesday made a stellar market debut, listing with a premium of 169 per cent gainst the issue price of Rs 197.
After Bharti Airtel, telecom major Vodafone Idea has also hiked rates of its mobile services, the company said in an official statement on Tuesday.
Indian shares fell for a fifth session on Tuesday and hit their lowest in nearly two months, weighed down by tech and finance stocks.
China stocks rose on Tuesday after state media quoted the country’s premier as saying Beijing should step up efforts to stabilise key economic areas, while real estate shares rebounded after some banks were told to issue more loans for property projects.
The Indian rupee depreciated by 16 paise to 74.55 against the US dollar in opening trade on Tuesday, as a muted trend in the domestic equity market and firm American dollar weighed on investor sentiment.
Infosys, the top loser in the Sensex pack, shed around 2 per cent, followed by ICICI Bank, HUL, Bajaj Auto, Reliance Industries and TCS.
Equity benchmark Sensex plunged over 700 points in early trade on Tuesday, tracking losses in index majors Infosys, ICICI Bank and Reliance Industries amid persistent foreign fund outflows.After touching a low of 57,718.34 in the opening session, the 30-share index pared some losses to trade 264.20 points or 0.45% lower at 58,201.69.Similarly, the Nifty was trading 89.05 points or 0.51% down at 17,327.50.
Indian shares dropped on Tuesday after falling nearly 2% a day earlier, as technology, financial, and energy stocks slipped, and surging Covid-19 cases in Europe raised concerns of a hit to global economic growth.
Spot gold may break a resistance at $1,817 per ounce and rise to $1,831, as it has found a strong support at $1,803.