MARKET UPDATE:Sensex fell 600 points at 48,580 levels and Nifty gave up the 14,400-mark
Published On: Thursday, March 25, 2021 | By: Team KnowMyStock
Bears tightened their grip today(25th March 2021), with the benchmark indices in India sliding over 1 percent in morning deals, ahead of the expiry of the March series derivative contracts. The S&P BSE Sensex fell 600 points, or 1.2 percent, at 48,580 levels and the Nifty50 index gave up the 14,400-mark. IndusInd Bank fell 2 percent and was the top Sensex laggard, followed by Axis Bank, State Bank of India, Bajaj Finance, and Maruti Suzuki (all down over 1%). Shares of Laxmi Organic listed at Rs 155.50 on the NSE, a premium of 20 percent over the issue price, while Craftsman Automation listed at 9 percent discount. All the Nifty sectoral indices, traded in the red, with the Nifty PSU Bank index, down 2 percent, bleeding the most. In the broader markets, the S&P BSE MidCap and SmallCap indices fell 1.1 percent, each.
Shares of Laxmi Organic and Craftsman Automation will debut at the bourses today. The IPO of Mumbai-based specialty chemicals firm, Laxmi Organic, had garnered 107 times subscription while Craftsman Automation's IPO witnessed 5.2 times subscription.
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