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Share Market LIVE: Sensex opens near 52,400, Nifty just above 15,700; HCL Tech, HDFC Bank among top drags

India VIX was up 2.5%.(Image: REUTERS)

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets began trading in the red on Tuesday as bears continued to assert control on Dalal Street. S&P BSE Sensex was down 181 points minutes into the day’s trade sitting below 52,400 while the NSE Nifty 50 index was hovering around 15,700 — both down nearly 0.30% each. Bank Nifty was below 34,750, falling 1%. Ultratech Cement, Asian Paints, Power grid were among the top gainers on Sensex, jumping more than 1% each. HCL Technologies, HDFC Bank, Bharti Airtel, Mahindra & Mahindra, and IndusInd Bank were among the top drags. Midcap and smallcap indices were down in the red. India VIX continued moving higher, jumping 2.5%.

Even amid bearish market sentiment, IPO investors have not slowed down their operations, continuing to heavily subscribe to Tatva Chintan Pharma’s IPO. Today is the final day to bid for the issue that has been subscribed 15.05 times so far with all pockets of investors oversubscribing their portion of the issue. Retail investors have bid for the IPO 23 times, while Non-Institutional Investors (NII) have subscribed their portion of the IPO 12 times and QIBs have bid for 1.97 times the issue. Tatva Chintan Pharma’s IPO opened for subscription last Friday and was oversubscribed within two hours. 

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