The Stock Market Closed With A Slight Decline On Wednesday

The stock market closed with a slight decline, Nestle’s shares broke the most: Stock Market.

Sensex and Nifty closed marginally lower on Wednesday amid a weak trend in global markets and losses in Infosys, Reliance Industries, and TCS in the Indian market.

The 30-share Sensex ended 29.22 points, or 0.05 percent, lower at 58,250.26 after jumping over 400 points in a volatile session.

The stock market closed with a slight decline: Similarly, the NSE Nifty closed at 17,353.50, down 8.60 points or 0.05 percent.

Nestle was the top loser in the Sensex, falling over 2 percent, followed by Maruti, Bajaj Finserv, Bajaj Auto, TCS, and L&T.

On the other hand, Kotak Bank, Titan, NTPC, and Sun Pharma were among the gainers.

Binod Modi, Head (Strategy) Reliance Securities said, “Slight contraction was witnessed in the domestic markets mainly due to profit-booking in IT and auto stocks.

Besides, weak cues from global equities also weighed on investor sentiment.

Two more companies are preparing to bring an IPO (Initial Public Offer) this month,  know the details.

In this, the initial public offering (IPO) of vehicle parts company Sansera Engineering will open on September 14 and close on September 16.

The company has fixed a price range of Rs 734-744 per share for its Rs 1,283 crore IPO.

Healthium Medtech, on the other hand, has submitted initial documents for an Initial Public Offering (IPO) with the Securities and Exchange Board of India (SEBI).

Anchor investors will be able to bid on September 13.

Anchor investors will be able to bid for the shares of Sansera Engineering on September 13.

The company said that this IPO will be purely in the form of an Offer for Sale (OFS) on behalf of the promoters and investors.

A total of 1,72,44,328 equity shares will be offered in this. At the upper end of the price range, the IPO is expected to raise Rs 1,283 crore.