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Market wrap: Sensex, Nifty slip for third straight day amid broad sell-off

Paytm tumbles 27% after weak debut, analysts suggest exiting the stock; Sapphire Foods lists at a 14% premium

Gold to shine brighter; risks in equity, weddings keep prices elevated

Equity market risks along with healthy demand from wedding season will push gold prices higher in the near-term, analysts said

Top headlines: Paytm stock sinks 27% on debut; govt accepts Cairn's offer

Business Standard brings you the top stories on Thursday

Go Fashion IPO subscribed 6.9 times on Day-2 on heavy retail interest

The IPO consists of a fresh issue of equity shares aggregating up to Rs 125 crore and an OFS of Rs 890 crore

Paytm wipes out Rs 38,000 crore in investor wealth on market debut

At the closing price, Paytm was valued at Rs 1.01 trillion-nearly Rs 38,000 crore below the Rs 1.39 trillion value assigned in the Rs 18,300-crore IPO

Sapphire Foods sees muted debut, ends day with 3% gains over issue price

The firm's IPO had garnered nearly 7x subscription. Sapphire Foods is the largest YUM franchisee operator and runs KFC, Pizza Hut and Taco Bell restaurant chain

IT major Wipro to replace Bajaj Auto in Sensex, effective December 20

IIFL Alternative Research estimates Wipro to see passive inflows of $166 million and Bajaj Auto to see outflows of $80 million on account of the rebalancing

Sebi tweaks framework for determining 'fit and proper person'

Under the new framework, these criteria will be principle-based and/or rule-based

Zensar Tech dips 9% after over 10% equity change hands via block deals

At 09:15 am; around 26.82 million shares representing 11.87 per cent of total equity of Zensar Technologies changed hands on the BSE, the exchange data showed.

Escorts zooms 8% to a fresh all-time high, Japan's Kubota hikes stake

Japan-based Kubota invests Rs 1,874 crore to acquire 96.64 lakh shares through preferential route at Rs 2,000 per share

IRCTC shareholding: MFs' stake falls below 1%, FPIs sell 2.2% holding

Between October 1, 2021 and November 5, 2021, MFs reduced their stake in IRCTC by 4.09 percentage points to 0.69%

This Rakesh Jhunjhunwala-owned stock hits record high in a weak market

Escorts hit a record high of Rs 1,793 as the shares rallied 10 per cent on the BSE in intra-day trade on Thursday ahead of board meeting for fund raising

IRCTC shareholding: MFs' stake falls below 1%, FPIs sell 2.2% stake in Q2

Between October 1, 2021 and November 5, 2021, MFs reduced their stake in IRCTC by 4.09 percentage points to 0.69%

Sapphire Foods makes good debut; gains 17% against issue price post listing

The stock listed at Rs 1,350, a 14 per cent premium against issue price of Rs 1,180 per share on the National Stock Exchange

MARKETS: Sensex down 300 pts; Paytm tumbles 21% post weak debut

Stock market LIVE: Sapphire Foods, meanwhile, listed at 14.4 per cent premium at Rs 1,350 on the NSE

Vedanta dips 3% after company announces value unlocking plans

The board to evaluate and recommend a range of options and alternatives, including demergers, spin-offs or strategic partnerships of its aluminium, iron & steel, and oil & gas businesses

Paytm fails to shine on exchanges; stock debuts at 9% discount at Rs 1,955

At 10:01 am; Paytm was trading at Rs 1,805, 16% lower against its issue price of Rs 2,150

MARKETS: Sensex slides 150 pts, Nifty below 17,850; banks, auto stocks drag

Stock market LIVE: In the broader markets, the BSE SmallCap index extended its outperformance into third day, up 0.32 per cen

MARKETS: Sensex up 100 pts, Nifty atop 17,900; Zomato gains 2%, ITC 1%

Stock market LIVE: In the broader markets, the BSE SmallCap index extended its outperformance into third day, up 0.32 per cen

Stocks to Watch: Paytm, KFC, Vedanta, ITC, Zomato, Phoenix, PNB Hsg, IRCTC

Paytm and Sapphire Foods (owner of KFC) will make their debut on the stocks exchanges today

MARKETS: Indices eye flat start; Paytm, Sapphire Foods to list today

Stock market LIVE: Amid lack of triggers, domestic equities are expected to trade sideways and track global cues for further moves

Experts analyse Sebi IPO rules, Fitch outlook and their impact on markets

Sebi has proposed tighter rules around the use of IPO proceeds. And, Fitch Ratings has retained India's ratings at the lowest investment grade. How will these impact the primary market? Let's find out

Gold price today at Rs 48,740 per 10 grams; silver at Rs 66,400 a kg

The rate of gold jewellery varies across the nation due to excise duty, state taxes, and making charges.

Bitcoin scam: Congress continues attack on ruling BJP in Karnataka

The party once again demanded a judicial probe by a sitting judge

Oil slumps, hitting six-week lows on revived supply concerns

The declines took Brent to its lowest close since October 1 and US crude to its lowest settlement since October 7

Sensex, Nifty fall for second day on profit taking in RIL, HDFC twins

Reliance Industries declined by 1.91 per cent, Kotak Bank by 1.51 per cent, Bharti Airtel by 1.39 per cent and Titan by 1.2 per cent

Paytm likely to buck the trend with a tepid trading debut on Thursday

The institutional investor portion of the IPO was subscribed 2.8 times but nearly 80% of the bids came from overseas investors

Paytm likely to buck the trend with a tepid trading debut tomorrow

The institutional investor portion of the IPO was subscribed 2.8 times but nearly 80% of the bids came from overseas investors

Market wrap: Sensex falls for a second day; Nifty ends below 17,900

Cabinet approves Rs 6,466-crore fund for telecom infra; LIC IPO expected by Q4, says DIPAM secretary; Go Fashion IPO sails through on first day

Go Fashion IPO subscribed 2.5 times on Day-1 on strong retail interest

The retail portion was subscribed by as much as 12.14 times

Tarsons Products Rs 1.024 cr IPO subscribed 77x on institutional, HNI push

At the top end, the firm will have a Rs 3,522-cr market cap. Its earnings share for the trailing 12-month ended June 2021 stood at Rs 16.3 a share

Sebi comes out with a charter of dos and don'ts for investors

The charter includes rights and responsibilities of investors and dos and don'ts of investing in securities market, as per a public notice

Cryptocurrency: Bitcoin, ether nurse losses, lurk near critical levels

Bitcoin last traded around $59,000, down 1% on the day, and off about 12% from the record high of $69,000 set on Nov. 10, while ether was at $4,163, more than 14% lower than its peak $4,868

India draws $1.93 bn fintech investment in Q3; tops APAC: S&P Global

Going ahead, experts see the fintech landscape changing rapidly in India as digitisation of customers and merchants opens up new possibilities for players to provide financial services

Go Fashion's IPO subscribed 1.18 times within hours of opening

The initial public offer of Go Fashion (India) Limited, which owns women's wear brand Go Colors, was subscribed 1.18 times within hours of opening for subscription on Wednesday

Maruti Suzuki India surges 11% in 2 days, nears 52-week high

The stock was quoting higher for the fourth straight day and trading close to its 52-week high of Rs 8,400 touched on January 13, 2021

This Tata Group telecom services stock has zoomed over 1,000% in one year

Tata Teleservices (Maharashtra) was locked at the 5% upper circuit for a third straight day

L&T Infotech, L&T Technology, KPIT Technologies hit record highs

LTTS has gained 7 per cent after the company was selected as an engineering partner by Mavenir and NVIDIA, to accelerate adoption of the industry's first converged AI-on-5G

Spandana Sphoorty Financial hits 52-week low, falls 11% in one week

The company said there will be an unavoidable delay in submission of financial results for the quarter ended September 30, 2021
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