Trading
Market jitters! Sensex and Nifty crash into red as global sell-off intensifies
Mumbai/IBNS: The Indian stock market on Friday opened in red as investors are closely watching the Bihar assembly elections.
The BSE Sensex dipped around 300 points to around 84.100 level while Nifty50 plunged 111 points to 25,767.90 level.
Tata Motors CV, Tata Motors PV, Infosys, Tata Steel, Muruti Suzuki, ICICI Bank were among the laggards.
Nifty 100 dipped 0.25% while Nifty Midcap 100 soared by 0.27%. The Nifty Smallcap index has soared 0.16%.
Sectorally, Nifty Auto, FMCG and Nifty IT plunged while Nifty Media and Nifty Pharma rose.
Bharat Electronics, Trent, Bajaj Finance, Axis Bank were among the gainers in early trading.
The trend follows the US market which fell heavily on Thursday while the same was seen in the Asian markets.
In a balanced view on the IPO and listing, market expert Anil Singhvi said the issue got a weak-to-moderate response, Zee Business reported.
"High-risk-taking investors may opt for a long-term subscription. Low-risk investors should consider buying after the listing, provided the stock trades below the issue price.
"Short-term investors may hold with a stop-loss below the IPO price, while long-term investors can keep their holdings," Singhvi told the broadcaster.
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