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The BSE Midcap and Smallcap indices ended with heavy losses of over 2 per cent each. Debutant Rainbow Children's Medicare ended a steep discount of 17 per cent to its issue price.

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	The key benchmark indices gyrated between zones on Tuesday as index heavyweights witnessed selective buying, before eventually ending near the lows of the day.</div>
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	The BSE Sensex recouped early morning losses and rallied to a high of 54,857 only to fall back to the low of the day at 54,226 at the fag end of the trade. The BSE benchmark index finally ended 106 points lower at 54,365. The NSE Nifty was down 62 points at 16,240.</div>
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	Among the Sensex 30 stocks, <strong>Tata Steel </strong>slumped over 7 per cent to Rs 1,162. Metal as a sector has witnessed strong selling pressure after the Metal index hit an historic high in April 2022. Click <a href="https://www.business-standard.com/article/markets/charts-indicate-up-to-15-fall-in-select-metal-stocks-from-current-levels-122051000446_1.html" target="_blank"><strong>here</strong></a> for a chart check on select metal stocks.</div>
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	Sun Pharma, NTPC, Titan, Reliance Industries and Bajaj Finance were the other major Sensex losers. On the postive side, Hindustan Unilever gained 3 per cent. Asian Paints, IndusInd Bank and UltraTech Cement were the other major gainers, up over 2 per cent each.</div>
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	The broader market ended with heavy losses. The BSE Midcap and Smallcap indices were down over 2 per cent each. The overall breadth too was extremely negative - with nearly three declining stocks for every advancing share on the BSE.&nbsp;</div>
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	Sectorally, the BSE Metal index slumped 5.6 per cent. The Power index tumbled over 4 per cent. The Power, Energy and Realty indices were down 2-3 per cent each.</div>
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	Shares of debutant <strong>Rainbow Children&#39;s Medicare</strong> (RCML) listed at Rs 506 on the BSE -&nbsp; a 7 per cent discount when compared with its issue price of Rs 542 per share. The stock touched a high and low of Rs 519.35 and Rs 421, respectively, before ending Day 1 at Rs 450 a huge 17 per cent discount to its issue price.&nbsp;<a href="https://www.business-standard.com/article/markets/rainbow-children-s-medicare-lists-at-7-discount-to-issue-price-122051000286_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	<strong>Primary Market Update</strong></div>
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	Prudent Corporate Advisory Services IPO was off to a slow start. The issue was subscribed up to 32 per cent as of 03:30 PM on Day 1 of the offer period. The retail investors category received maximum bids, up to 64 per cent of the reserved portion.</div>
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	Delhivery IPO opens for subscription tomorrow. Here&#39;s what brokerages say about the issue. <a href="https://www.business-standard.com/article/markets/delhivery-ipo-opens-on-wednesday-should-you-invest-what-brokerages-say-122051000393_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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Sensex sheds 106pts amid volatility; Tata Steel cracks 7%, HUL gains 3%

Business Standard

Sensex sheds 106pts amid volatility; Tata Steel cracks 7%, HUL gains 3% | News on Markets - Business Standard

Opening bell: Asian Paints, Ultratech Cement, HUL top Nifty 50 gainers

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Opening bell: Broader markets firm; India Vix slips in red

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Opening bell: Media stocks in demand; Inox, PVR surge over 3%

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Opening bell: Most sectors advance positively; Profit-booking in IT, metal stocks

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Opening bell: 22 out of 30 Sensex stocks sizzle in green

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Opening bell: Over 100 points gain for Sensex

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Opening bell: Nifty 50 opens above 16,300 levels

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Pre-open session: 9 out of 30 Sensex stocks in green

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Pre-open session: Sensex sheds over 200 points

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Pre-open session: Nifty 50 moves negatively below 16,250

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ALERT: Rupee gains 18 paise; opens at 77.29 per dollar

DIIs remain bullish: Buy shares worth Rs 3,077 crores Monday

FPI sell-off: FIIs sell equities worth Rs 3,362 crores Monday

Stocks to watch out for today: Banks, IT, GNFC, SRF, PVR, UPL, CBI, Vedant Fashions

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	HCL Technologies: The IT services major will be acquiring Bengaluru-based Quest Informatics (Quest), an aftermarket, Industry 4.0 and IoT company, in an all-cash deal worth Rs 15 crore. Quest currently serves more than 40 global leaders in the aftermarket space with its cloud-enabled aftermarket ERP, field services management, and digital parts catalog product suites.</div>
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	3i Infotech: The company reported a net loss of Rs 3.9 crore in the fourth quarter ended March 2022. In the same period last fiscal, the company had posted a net profit of Rs 301.52 crore, mainly on account of an exceptional gain. Total income was up 9.5 per cent YoY at Rs 175.70 crore. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-banks-it-gnfc-srf-pvr-upl-cbi-vedant-fashions-122051000136_1.html" target="_blank"><strong>Read more</strong><br />
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Chart check: Here's why Mehul Kothari recommends buying Axis Bank, TCS

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	According to the technical analyst from Anand Rathi, one can accumulate Axis Bank in the range of Rs 663 - 657 with a stop at Rs 630. <a href="https://www.business-standard.com/article/markets/chart-check-here-s-why-mehul-kothari-recommends-buying-axis-bank-tcs-122051000139_1.html" target="_blank"><strong>Read here</strong><br />
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