Sensex Ends 154 Points Lower, Nifty Ends At 14,834; Bajaj Finance And UPL Among Top Losers

Indian share markets witnessed volatile trading activity throughout the day today and ended marginally lower.

At the closing bell, the BSE Sensex stood lower by 154 points (down by 0.3%).

Meanwhile, the NSE Nifty closed lower by 39 points (down by 0.3%).

Cipla and Sun Pharma were among the top gainers today.

Bajaj Finance and UPL, on the other hand, were among the top losers today.

The SGX Nifty was trading at 14,877, down by 47 points, at the time of writing.

The BSE Mid Cap index ended lower by 0.1%, while the BSE Small Cap index ended higher by 0.7%.

Sectoral indices ended on a mixed note with stocks in the healthcare sector and IT sector witnessing most of the buying interest.

Shares of Cipla and Tata Elxsi hit their respective 52-week highs today.

SREI Infrastructure Finance and JSW Steel were among the top buzzing stocks today.

Asian stock markets ended on a mixed note today, tracking mixed global cues.

The Nikkei ended higher by 0.3%, while the Hang Seng and the Shanghai Composite ended lower by 1.1% and 0.9%, respectively.

US stock futures are trading on a positive note today with the Dow Jones Futures trading up by 68 points.

The rupee is trading at 74.73 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.5% today at Rs 46,628 per 10 grams.

Moving on to the news from IPO space...

Shrem Group to Raise Rs 6 Billion Via Infrastructure Investment Trust (InvIT)

Mumbai-based road and infrastructure operator, Shrem Group is all set to raise Rs 6 billion through an Infrastructure Investment Trust (InvIT).

The initial public offering (IPO) will be a fresh issue of 60 million units at Rs 100 each and the firm will use the proceeds to pay its debt.

The company's CEO and MD, Nitan Chhatwal said that the issue will comprise about 15% of the total units held by the trust. They are expecting to get the stock market regulator's approval this week, following which they will be launching the IPO. The IPO is expected to hit the market this month for a subscription.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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