The 30-company Sensex plummeted over 900 points mainly due to a sharp fall in smallcap and midcap indices amidst news that the Securities and Exchange Board of India would be examining several recent SME IPOs issued by them.
Sandeep Dikshit
New Delhi, March 13
The 30-company Sensex plummeted over 900 points mainly due to a sharp fall in smallcap and midcap indices amidst news that the Securities and Exchange Board of India would be examining several recent SME IPOs issued by them. Foreign investors turning into net sellers was also a contributory factor to the fall in share prices.
Switch to other banks, Paytm FASTag users told
The National Highways Authority of India has advised Paytm FASTag users to obtain a new FASTag from another bank before March 15 to ensure a smooth travel experience and avoid inconvenience at toll plazas, an official statement said on Wednesday.
The Sensex ended the day 1.23 per cent lower at 72,761.89 points while the broad-based Nifty sank 1.51 per cent to end the day at 21,997.70 points. But the decline was sharper in BSE’s smallcap, which fell 5.11 per cent as well as in the midcap index, which slid by 4.20 per cent. On Tuesday, the Sensex had closed at 73,667.96 points and Nifty at 22,335.70.
The major losers in Sensex were Reliance, Tata Steel and Tata Motors, Power Grid, NTPC, Bharti Airtel, JSW Steel and Titan. The major gainers were financial sector companies such as HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Bajaj Finance.
On a losing streak for a week, the fall in Adani Group companies was sharper on Wednesday. All the 10 listed companies of the Group were cumulatively down 13 per cent leading to an erosion of over Rs 90,000 crore in market capitalisation.
The Tribune News Service brings you the latest news, analysis and insights from the region, India and around the world. Follow the Tribune News Service for a wide-ranging coverage of events as they unfold, with perspective and clarity.
Join Whatsapp Channel of The Tribune for latest updates.
Most Read In 24 Hours
Don't Miss
View All
Top News
'INDIA alliance my brainchild, very much part of it', says Mamata Banerjee after 'outside support' remark
TMC had walked out of INDIA bloc in West Bengal in January
Prices of 41 medicines, including antacids, multivitamins, antibiotics, slashed
Decision was taken at 143rd meeting of National Pharmaceutic...
Heatwave alert for northwest India; mercury may hit 45 degrees Celsius in Delhi
A fresh heatwave spell will also commence over east and cent...
No exception made in granting interim bail to Arvind Kejriwal, critical analysis of verdict welcome: Supreme Court
The bench refuses to consider claims and counter-claims by a...
Will soon file prosecution complaint against Arvind Kejriwal, AAP in excise policy case, ED tells Supreme Court
The statements is made by the ED during the hearing on Kejri...
