Sensex falls 300 pts, Nifty breaks 9900; Capacit’e debuts at Rs 399

Capacite-Infraprojects-Rs-400-cr-IPO-to-open-on-Sept-13

Equity benchmarks fell sharply in morning as the Sensex plunged 312.61 points or 0.98 percent to 31,609.83 on likely increase in fiscal deficit target of the company due to fiscal stimulus.

The 50-share NSE Nifty fell 116 points or 1.16 percent to 9,848.40, dragged by infra, metals and banks stocks.

The BSE Midcap index was up 2.6 percent and Smallcap lost 3.5 percent as about 7.5 shares declined for every share rising on the BSE.

Shares of Capacit’e Infraprojects had a stellar listing today on investors’ demand.

The stock listed with gains of 59.6 percent on its debut at Rs 399 on the exchanges.

The company had a stellar response to its initial public offering, getting oversubscribed 183.03 times.

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Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed
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Epic Research
Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300