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MARKET LIVE: Sensex drops 1,100 pts; Nifty below 15850; PSB index cracks 5%

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Stock market live updates: The key benchmark indices opened with sharp cuts on Thursday and extended losses in early deals as global markets fell on high US inflation data for April that has further dented the investors’ confidence.

The BSE Sensex shed around 1,000 points, while the NSE Nifty fell below the 15,900-level.
 

In the broader markets, the BSE MidCap and SmallCap indices were also weak, falling around 2 per cent each. The overall market breadth was also in favour of the bears in the 4:1 ratio.

Sectorally, PSB index on the Nifty was the worst hit, falling over 3 per cent. All other pockets also suffered steep losses, with Auto, Metals, Consumer Durables, and Realty, down up to 2.7 per cent. IT stocks, however, were seen bucking the trend. 

Primary market

As of 12:30 pm, Delhivery IPO was subscribed 22 per cent, led by retail category that was subscribed 35 per cent. 

Meanwhile, Venus Pipes’ offer was subscribed 3.3 times so far. The retail and NII catgories were subscribed 5.7 times and 1.6 times, respectively. 

Prudent Advisory’s issue was subscribed 61 per cent so far on the last day. Retail category has been subscribed 1.1 times.

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