Equity indices logged modest losses in Thursday’s in volatile trade with the BSE Sensex falling 150.20 points at 33,685.54, while the NSE Nifty index fell 50.75 points at 10,360.15. The Index heavyweight Reliance Industries dropped. Oil & gas stocks also fell.
Selling pressure emerged in sectors such as Oil & Gas, FMCG, Metal, and power stocks. Banking stocks such as Yes Bank, ICICI Bank, Axis Bank and SBI also registered heavy selling momentum. O&G index fell by 1.04%, Metal index fell by 0.54%, FMGC down 0.52% while Infrastructure index up 0.26% and power up by 0.14%.
Shares of Central Bank of India rose 15.59%, its highest peak in five months to Rs 87.50 after 0.8% equity changed hands in block deals.
The IPO of private lender Bandhan Bank was subscribed 41.65% on the first day of the bidding process today, 15 March. The IPO had received bids for 34,570,880 shares against the total issue size of 83,496,347 shares, as per NSE data.
Top gainers on BSE: Asian Paints (+2.14%), HDFC Bank (+0.79%) Mahindra & Mahindra (+0.67%), Coal India (+0.66%) and ONGC (+0.50%) were top Sensex gainers. On the other hand, top losers were YES Bank (-2.04), Reliance (-1.76), ICICI Bank (-1.60%), Hindustan UniLever (-1.48%) and Tata Steel (-1.46%).
Top Gainers on NSE: Asian Paints (+2.11%), M&M (+0.84) and Coal India Ltd (+0.75%). However, Indian Oil Corp sheds (-3.01%), Yes Bank (-2.15) and Reliance Industries (-1.94%) as major laggards on NSE.