India VIX was up 2.5%.(Image: REUTERS)
Share Bazaar News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets were trading with heavy losses on Tuesday as bears continued to assert control on Dalal Street. S&P BSE Sensex was down 471 points below 52,100 while the NSE Nifty 50 index was hovering around 15,600, down nearly 1%. Bank Nifty fell 1.85% to trade at 34,468. Ultratech Cement, Asian Paints, Power grid, and HUL were among the top gainers on Sensex. HCL Technologies, Tata Steel, IndusInd Bank, M&M, and Bharti Airtel were among the top drags, down more than 2% each. Midcap and smallcap indices were down in the red. India VIX continued moving higher, jumping 7.5%.
Even amid bearish market sentiment, IPO investors have not slowed down their operations, continuing to heavily subscribe to Tatva Chintan Pharma’s IPO. Today is the final day to bid for the issue that has been subscribed 15.05 times so far with all pockets of investors oversubscribing their portion of the issue. Retail investors have bid for the IPO 23 times, while Non-Institutional Investors (NII) have subscribed their portion of the IPO 12 times and QIBs have bid for 1.97 times the issue. Tatva Chintan Pharma’s IPO opened for subscription last Friday and was oversubscribed within two hours.
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