Nifty drops below 17,000 mark
Published on Dec 24, 2021 10:32
Equity indices extended fall in morning trade amid fresh selling pressure in index pivotals. The Nifty slipped below the crucial 17,000 mark. Barring the IT index, all sectoral indices on the NSE were in the red.
At 10:30 IST, the barometer index, the S&P BSE Sensex, was down 402.94 points or 0.7% to 56,912.34. The Nifty 50 index fell 130.55 points or 0.76% to 16,942.05.
In the broader market, the S&P BSE Mid-Cap index fell 0.99% while the S&P BSE Small-Cap index declined 0.63%.
Sellers outpaced buyers. On the BSE, 1219 shares rose and 1809 shares fell. A total of 114 shares were unchanged.
Shares of Data Patterns (India) were currently trading at Rs 808, at a premium of 38.12% as compared to the issue price of Rs 585 per share. The scrip was listed at Rs 864, representing a premium of 47.69% to the issue price. So far, the scrip has hit a high of 864 and a low of 781. Over 4.75 lakh shares of the company had changed hands in the counter till now. The initial public offer (IPO) of Data Patterns (India) received bids for 84,89,85,725 shares as against 70,97,285 shares on offer. The issue was subscribed 119.62 times.
The Nifty IT index gained 0.61% to 37,589.10, rising for fourth consecutive trading session. The IT index added 4.66% in four days.
HCL Technologies (up 2.24%), Mphasis (up 1.59%), Coforge (up 1.31%), L&T infotech (up 0.98%), Tech Mahindra (up 0.79%) and L&T Technology Services (up 0.42%) were top gainers in IT segment.
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