Share Market LIVE: Sensex erases all gains, turns red, Nifty gives up 17900; IndusInd Bank tanks 10% – The Financial Express

Share Market Today, Share Market LiveNifty Bank fell 0.75 per cent, while Nifty Pharma plunged over 2 per cent.

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading in the red on the first day of the new Samvat 2078. BSE Sensex was hovering below 60,000, while NSE Nifty gave up 17900 level. Maruti Suzuki, Kotak Mahindra Bank, L&T, Bharti Airtel, Housing Development Finance Corporation (HDFC), Titan Company were top index gainers. Stocks such as IndusInd Bank, Asian Paints, M&M, Tata Steel, HCL Tech, Reliance Industries Ltd (RIL), TCS, Infosys top Sensex draggers. Barring Nifty Auto, all the Nifty sectoral indices were trading in the red. Nifty Bank fell 0.75 per cent, while Nifty Pharma plunged over 2 per cent.

Three firms — One97 Communications, owner of Paytm; Sapphire Foods India, which operates KFC and Pizza Hut outlets; and Latent View Analytics — are set to launch their initial share-sales this week to collectively mop up about Rs 21,000 crore. The three-day IPOs of Paytm, Sapphire Foods India, and Latent View Analytics are scheduled to open on November 8, November 9, and November 10, respectively. Digital firm One97 Communications, which operates under the Paytm brand name, is set to come out with its Rs 18,300-crore IPO on November 8. The IPO comprises fresh issuance of equity shares worth Rs 8,300 crore and Rs 10,000 crore from an offer for sale (OFS) by existing shareholders. The company has fixed a price band of Rs 2,080-2,150 apiece.

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source: Share Market LIVE: Sensex erases all gains, turns red, Nifty gives up 17900; IndusInd Bank tanks 10% – The Financial Express

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