MARKET UPDATE:Sensex down 394 points at 58,732 and Nifty down 110 points at 17,508
Published On: Friday, October 1, 2021 | By: Team KnowMyStock
The Indian benchmark indices opened lower today(1st October 2021) tracking weak global cues. The Sensex was down 394 points at 58,732. The Nifty, meanwhile, was down 110 points at 17,508. The broader indices were trading mixed with the Nifty Midcap 50 falling 0.3 percent, and the Nifty Smallcap 100 up 0.1 percent. The risk-off in equity markets has gathered momentum with sharp cuts in the US market. The Dow and S&P500 are now more than 5% off from their record highs. Markets, globally, have turned weak. In India too there are indications of a correction. The leader of this rally, IT, is showing signs of exhaustion.
Paras Defence and Space Technologies (PDSTL) made a strong debut on the bourses as the stock price of the company more-than-doubled or rose 171 per cent to list at Rs 475 on the BSE on Friday over its issue price of Rs 175 per share. Post listing, the stock zoomed 185 per cent over the issue price and was locked in the upper circuit of 5 per cent at Rs 498.75 on the BSE.
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