Stock Market
Sensex slides, Nifty slips below 25,800 in early trade; rupee recovers
Mumbai/IBNS: Indian equity benchmarks opened in the red on Thursday, with the BSE Sensex slipping 120 points at the opening bell and the NSE Nifty 50 falling below the 25,800 mark, media reports said.
Losses deepened in the first hour of trade as the Sensex dropped nearly 250 points, while the Nifty shed more than 70 points.
Among the early gainers were Nippon Life India Asset (up 6.03%), HDFC Asset Management (4.45%), Nuvama Health (2.65%) and UTI Asset Management (2.62%).
On the losing side, Kirloskar Oil Engines declined 4.56%, followed by Ola Electric Mobility (down 3.74%), Indian Oil Corporation (3.34%) and India Cements (3.06%).
HRS Aluglaze shares debuted strongly on the BSE, listing at a 31% premium over their initial public offering (IPO) price.
Meanwhile, Meesho shares saw a correction after rallying nearly 8%—more than double their IPO price—within just seven trading sessions. Ola Electric shares also slipped 3%.
In the currency market, the rupee recovered 6 paise to trade at 90.35 against the US dollar in early trade, snapping a multi-session losing streak.
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