The key equity barometers continued to trade in the red zone with moderate losses in mid-morning trade. The Nifty lingered below the 20,850 level. Consumer durables shares declined for the second day in the row.
At 11:30 IST, the barometer index, the S&P BSE Sensex, was down 319.20 points or 0.46% to 69,231.83. The Nifty 50 index lost 93.75 points or 0.45% to 20,812.65.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.31% and the S&P BSE Small-Cap index added 0.15%.
The market breadth was positive. On the BSE, 1,973 shares rose and 1,608 shares fell. A total of 152 shares were unchanged.
The Nifty Consumer Durables index rose 0.42% to 30,118.75. The index declined 1.45% in two trading sessions.
Havells India (down 1.81%), Dixon Technologies (India) (down 1.52%), Bata India (down 1.33%), TTK Prestige (down 1.17%), V-Guard Industries (down 0.99%), Rajesh Exports (down 0.96%), Amber Enterprises India (down 0.92%), Titan Company (down 0.23%), Voltas (down 0.21%) and Whirlpool of India (down 0.11%) slipped.
On the other hand, Kajaria Ceramics (up 0.54%), Orient Electric (up 0.53%) and Relaxo Footwears (up 0.2%) edged higher.
Today’s IPOs :
The initial public offering (IPO) of DOMS Industries received bids for 1,11,99,708 shares as against 88,37,407 shares on offer, according to stock exchange data at 11:21 IST on Wednesday (13 December 2023). The issue was subscribed 1.27 times.
The IPO of India Shelter Finance Corporation received bids for 56,24,070 shares as against 1,79,10,449 shares on offer, according to stock exchange data at 11:24 IST on Wednesday (13 December 2023). The issue was subscribed 0.31 times.
Written by Nalin Suriya S
