The stock opened at Rs 1,931 on the Bombay Stock Exchange (BSE), lower than the issue price of Rs 1,960, reflecting a decline of 1.5 per cent. On the National Stock Exchange (NSE), shares listed at Rs 1,934. Following the initial trading, Hyundai's share price further fell 3 per cent.
The benchmark indices saw a marginal rise at the opening, with the Sensex gaining 183.87 points to start at 81,335.14, while the Nifty inched up by 31.55 points to open at 24,812.65.
Mark Mobius, an emerging market expert and an ace investor, advised investors not to rush but to study carefully the market dynamics when making investment bets.
Bajaj Auto, HDFC Bank, Asian Paints, Mahindra & Mahindra (M&M), and Eicher Motors emerged as the top gainers, while Tata Consumer Products, Kotak Bank, Bajaj Finserv, Bharat Petroleum Corporation Limited (BPCL), and IndusInd Bank were the biggest losers of the session.
The National Stock Exchanges (NSE) has announced to conduct Diwali Muhurat Trading on November 1, 2024, making the commencement of the Hindu Calendar year Samvat 2081.
The investors will focus on the upcoming quarterly earnings of the companies and US economic data for direction, in the absence of any major triggers in the stock market starting from Monday, as per the experts.
New Delhi [India], October 19: The Indian stock market has been buzzing with excitement over New Light Apparels Ltd., a company rapidly gaining investor attention. Following the recent 10:1 stock split and the introduction of its revolutionary Lab-Grown Cotton technology, New Light Apparels
The BSE Sensex fell by 494.75 points, or 0.61 per cent, to close at 81,006.61, while the NSE Nifty declined by 221.45 points, or 0.89 per cent, to settle at 24,749.85.
Indian stock markets are witnessing a significant shift in investment patterns. Traditionally, foreign investors, often referred to as market movers, have had a dominant influence in the market.