IT stocks were the top losing stocks today, as HCLTech slipped 2.70 per cent, followed by Infosys at 2 per cent and TCS at 1.88 per cent.
The purchasing managers’ index, or PMI, fell to 49.5 in October on a 100-point scale, down from 50.2 last month, according to the National Bureau of Statistics and the China Federation of Logistics & Purchasing.
In a highly volatile trade, the 30-share BSE Sensex declined 47.77 points or 0.07 per cent to settle at 65,970.04.
Prosus, which this year slashed its valuation of Byju’s to $5.1 billion from $22 billion last year, said the decision for its director to step down from Byju’s board last month was mainly because he was “unable to fulfil his fiduciary duty to serve the long-term interests of the Company and its stakeholders.”
The maximum price of Rs 122 per kg has been reported from Gorakhpur (Uttar Pradesh) and Bellary (Karnataka), as per the department data.
The overall market capitalisation of the 10 Adani Group companies stood at over Rs 10.6 lakh crore at the end of trading on Tuesday on the BSE, up Rs 10,501.26 crore over an m-cap of around Rs 10.1 lakh crore on the previous year, stock exchange data showed.
Netweb Technologies’ IPO aims to raise 631 crore with fresh equity of Rs 206 crore and an offer for the sale (OFS) of 8.5 million shares, which amounts to Rs 425 crore at the higher end of the price band.
A 19 per cent surge in the country’s net direct tax collection also supported domestic equities to make new highs on Friday, said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd
While the pace of mobilization of funds through equity-oriented mutual fund schemes in the first seven months of 2023 has been steady, redemption from equity-oriented schemes has increased in the April-July period.
Total sales of HUL at Rs 14,931 crore grew by 7 per cent during the quarter as against Rs 14,016 crore a year ago