✅At 9:15 AM, Sensex plunged by 🔻 202.91 points or 0.34% at 59244.27, and the Nifty was down 46.10 points or 0.26% at 17738.20. About 1730 shares have advanced, 584 shares declined, and 141 shares are unchanged.
HDFC Bank, Kotak Bank, and SBI Life appeared as the top losers on the Nifty 50 at open today.
📈 Amid weak global cues, domestic benchmark indices started gap-down on 8 May, 2024. 📢 At 9:16 AM, the Sensex tanked 277.43 points or 0.38% at 73,234.42, and the Nifty plunged 87.50 points or 0.39% at 22,215.00. 📊 Voltas (⬇️7.57%), Dr. Reddy's Labs (⬇️4.05%) and Pidilite Industries (⬇️2.96%) appeared as the top losers on the Nifty 50 at the Open.
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The sharp gains in shares of fast-moving consumer goods companies could be the likely start of outperformance that the sector is set to see over the next few months, said experts, with gains likely even if shares are bought at the current levels. Shares of Marico, Godrej Consumer Products, Hindustan Unilever, Dabur India, Emami, Britannia Industries and Nestle India ended 2-10% higher on Tuesday.
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Aadhar Housing Finance Ltd, which is backed by private equity major Blackstone, on Tuesday said it has mobilised Rs 898 crore from anchor investors, a day before the launch of its initial public offering (IPO). The company has decided to allot 2.85 crore equity shares to 61 funds at Rs 315 apiece, which is also the upper end of the price band, according to a circular.
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