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Why is market falling today? Sensex drops 600 points, Nifty below 22,600. Key factors behind Rs 5 lakh crore rout
Indian stock markets fell sharply on Thursday, with Sensex dropping over 600 points and Nifty 50 slipping below 22,600 amid expiry-day volatility. The selloff wiped out nearly Rs 5 lakh crore in investor wealth, while broader markets, sectoral indices and market breadth remained firmly negative.
Jio IPO: Subscribe on day 2 or wait until the last day? What investors need to know
Jio Platforms’ Rs 30,230-crore IPO received bids worth Rs 95,500 crore on Day 1, with total demand, including anchor investors, reaching Rs 3.45 lakh crore. As the issue enters its second day, brokerages weigh in on its growth prospects, valuation and whether investors should apply now or wait.
SoftBank-backed India's Oyo Hotels owner halves proposed IPO, filing shows
The company revived plans in March 2023 with a confidential filing before postponing the offering for a third time in May
Ravita Engineering Services shares to list today: Check GMP ahead of debut
Ravita Engineering Services is set to debut on the NSE SME platform on Thursday, with a muted grey market premium of around 1%, indicating a potentially modest listing gain. The Rs 116.05 crore IPO, priced at Rs 105–112 per share, was subscribed 7.11 times overall. QIBs led demand with 13.21 times subscription, followed by NIIs at 7.42 times and individual investors at 3.50 times.
Jio IPO Day 2: GMP at 22%, issue subscribed over 3.16; check brokerage views and key details
Jio Platforms’ Rs 30,213 crore IPO entered Day 2 with a grey market premium of around 22%. The issue, priced at Rs 1,065–1,119 per share, closes on October 23. At the upper end, Jio is valued at around Rs 10.3 lakh crore, with brokerages citing its telecom dominance, improving profitability and growth prospects in broadband and AI.
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