The Indian stock market saw a steep decline on Tuesday amid weak global cues as heavy selling was seen in PSU banks, metal and realty sectors.

Due to the fall, the market cap of all the companies listed on the Bombay Stock Exchange (BSE) dropped by about Rs 9 lakh crore to Rs 445 lakh crore.

The Sensex closed at 81,151.27 at the end of trading after a huge fall of 930.55 points or 1.15 per cent. At the same time, the Nifty closed at 24,472.10 after falling 309.00 points or 1.25 per cent.

The Indian stock market closed in red on Monday as IT and PSU banks remained under pressure at the end of trading.

The BSE Sensex closed at 81,151.27 after slipping 73.48 points or 0.09 per cent.

At the same time, the NSE Nifty closed at 24,781.10 after falling 72.95 points or 0.29 per cent. The Nifty Midcap 100 index closed in red at 57,677.70 after slipping 971.45 points or 1.66 per cent. The Nifty Smallcap 100 index closed at 18,797.40 after falling 280.40 points or 1.47 per cent.

Nifty Bank closed at 51962.70 after falling 131.50 points or 0.25 per cent. Except for the auto and fin services sectors of Nifty, selling was seen in IT, PSU bank, pharma, FMCG, metal, realty, media, energy, private bank, infra, and commodities sectors.

Niva Bupa Health Insurance on Monday said it has received final approval from the capital markets regulator, the Securities and Exchange Board of India (SEBI), to raise Rs 3,000 crore through an initial public offering (IPO).

Private equity (PE) firm True North-led company (erstwhile Max Bupa), had filed its IPO papers with SEBI on June 29.

According to the company, the IPO with a face value of Rs 10 each is a mix of fresh issuance of Rs 800 crore and an offer for sale (OFS) of up to Rs 320 crore by Bupa Singapore Holdings, and up to Rs 1,880 crore by Fettle Tone.

The health insurer said in a statement that it intends to utilise the net proceeds from the fresh issuance to the extent of Rs 625 crore towards augmentation of its capital base to strengthen solvency levels and for general corporate purposes.

The Indian stock market opened in green on Monday as buying was seen in the auto, IT and PSU bank sectors.

The Sensex was trading at 81,653.83 after gaining 429.08 points or 0.53 per cent in early trade. Nifty opened at 24,955.50 after climbing 101.45 points or 0.41 per cent.

The market trend remained positive. On the National Stock Exchange (NSE), 1,509 stocks were trading in green, while 602 stocks were trading in red.

At the same time, 1,727 stocks were trading in green and 807 stocks in red on the BSE.

Nifty Bank was at 52,335.50 after gaining 241.30 points or 0.46 per cent. Nifty Midcap 100 index was trading at 58,954.85 level after slipping 305.70 points or 0.52 per cent. Nifty Smallcap 100 index was at 19,122.45 after gaining 44.65 points or 0.23 per cent.

The Indian stock market closed in the green on Friday with both the Sensex and Nifty indices jumping upwards.

Ola Electric’s stock continued to tank and closed at a record low of Rs 86.95. After making its public debut at Rs 76 apiece, the Bhavish Aggarwal-run EV company’s stock once reached an all-time high of Rs 157.40.

The stock has fallen over 45 per cent from its highest level since then. On Friday, Ola Electric’s stock touched a low of Rs 85.02 and a high of Rs 88.

Meanwhile, buying was seen in all sectors including auto, PSU banks, fin services, metal, realty, media, and energy except the IT and FMCG sectors.

The capital spending by 21 key states is expected to moderate in FY25, growing by a modest 6.5 per cent to Rs 6.5 lakh crore, with an average GDP growth for these states projected at 11.2 per cent, an analysis by the National Stock Exchange of India (NSE) revealed on Friday.

These 21 states together represent over 95 per cent of India’s GDP (Rs 326 lakh crore in FY25BE).

Punjab has the lowest capital spending ratio at 6.2 per cent, while Gujarat leads at 36.2 per cent.

States’ reliance on market loans has dropped in recent years, thanks to higher loans from the Centre.

"The average GDP growth for these states is projected at 11.2 per cent, down from 11.8 per cent in FY24RE, with significant inter-state variation (0.6 per cent for MP to 22.1 per cent for Mizoram), exceeding India’s budgeted growth of 10.5 per cent," according to the NSE’s ‘State of States’ report.

The Indian stock market again opened in the red on Friday amid growing geopolitical tensions between Iran and Israel and weak global cues. In early trade, selling was seen in the Information Technology (IT), auto, pharma and Public Sector Undertaking (PSU) bank sectors.

The Sensex was trading at 80,752.18 after slipping 254.43 points or 0.31 per cent. At the same time, the Nifty opened trading at 24,675.30 after falling 74.55 points or 0.3 per cent.

The market trend remained negative. On the NSE, 283 stocks were trading in the green, while 1,941 stocks were trading in the red. At the same time, 588 stocks were trading in green and 2,166 stocks were trading in red on the BSE.

The Indian benchmark indices closed in red on Thursday as there was a weak sentiment in the market due to lower corporate earnings.

The BSE Sensex closed at 81,006.61 after slipping 494.75 points or 0.61 per cent.

NSE Nifty closed at 24,749.85 after slipping 221.45 points or 0.89 per cent. The Nifty Midcap 100 index closed in the red at 58,465.95 after slipping 985,90 points or 1.66 per cent. The Nifty Smallcap 100 index closed at 19,065 after slipping 238.95 points or 1.24 per cent. Nifty Bank closed at 24,749.85 after slipping 512.25 points or 0.99 per cent.

All sectors of Nifty except IT were under pressure. There was selling in all sectors like Auto, PSU Bank, Fin Services, Pharma, FMCG, Metal, Media, Private Bank, Realty, Infra, Energy, Healthcare and Oil & Gas. The market trend remained negative.

The Railway Ministry has reduced the time limit for advance reservation of tickets from 120 days to 60 days, excluding the day of the journey, from November 1, 2024, an official circular said.

The circular, which appears to be aimed at reducing the administrative load linked to cancellations and checking alleged wrongdoings by travel agents, was issued by Railways Director/Passenger Marketing-II Sanjay Manocha, who clarified that there will be no change in the limit of 365 days for foreign tourists.

The reduced period of advance reservation of ticket would also not impact bookings made before October 31, 2024. “All bookings done up to October 31 under the ARP of 120 days will remain intact,” said the circular.

The Railways said despite the reduction in the time limit for advance reservations, cancellation of bookings made beyond the ARP of 60 days will be permitted.

The Indian benchmark indices closed in the red on Wednesday as auto, IT, and PSU banks remained under pressure.

The BSE Sensex closed at 81,501.36, down 318.76 points or 0.39 per cent.

NSE Nifty closed at 24,971.30, down 86.05 points or 0.34 per cent. The Nifty Midcap 100 index settled at 59,451.85, down 141.40 points or 0.24 per cent. The Nifty Smallcap 100 index closed with a gain at 19,304.90, up 2.85 points or 0.01 per cent. Nifty Bank closed at 51,801.05 after slipping 104.95 points or 0.20 per cent.