The downtrend in the domestic equities extended today(17TH Nov.2021) also as a global rating agency, Fitch rating's, negative outlook on India weighed on sentiment. Besides, Sebi's proposal to tweak rules governing initial public offerings (IPOs) to bring in more transparency and accountability kept investors on the edge.
The BSE Sensex fell 210 points, or 0.35 percent, in early deals at 60,113 levels while the Nifty50 was at 17,939-mark. Trends in the broader markets were mixed with the Midcap index down 0.02 percent and SmallCap index up 0.25 percent.
Axis Bank, RIL, Grasim Industries, UPL, HDFC twins, and Divis Labs were the top laggards on the Nifty while Asian Paints, SBI Life, Maruti Suzuki, and Eicher Motors helped limit downside.
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