In Asian markets, Shanghai quoted lower while Seoul, Tokyo, and Hong Kong were trading in the positive territory. The US markets ended lower on Wednesday.
Dream Achiever Consultancy Services Private Limited, which has entered into a share sale purchase agreement with BLB Limited, has issued an open offer for public shareholders. The company wants to buy 1.37 crore fully paid-up equity shares from public shareholders. The company has kept the price for this at Rs 22.60 per share. The face value of shares of BLB Limited is Rs 1. A total of Rs 31.006 crore will be spent on this open offer of Dream Achiever Consultancy.
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The company has kept the price for this at Rs 22.6 per share. The face value of shares of BLB Limited is Rs 1. A total of Rs 31.006 crore will be spent on this.
Meanwhile, the 30-share BSE Sensex tanked 561.05 points to 70,939.71. The Nifty plunged 165.6 points to 21,406.35.
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The heavy fall in the markets comes on the back of a recent record-breaking rally. The BSE benchmark hit an all-time high of 73,427.59 on Tuesday, and the Nifty also reached its lifetime peak of 22,124.15 the same day.
Among the Sensex firms, Power Grid, Asian Paints, Wipro, HDFC Bank, HCL Technologies, IndusInd Bank, NTPC, and JSW Steel were the major laggards.
Axis Bank, Bharti Airtel, UltraTech Cement, Tata Motors and Reliance Industries were the gainers.
In Asian markets, Shanghai quoted lower while Seoul, Tokyo, and Hong Kong were trading in the positive territory. The US markets ended lower on Wednesday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 10,578.13 crore on Wednesday, according to exchange data.
On Wednesday, the BSE benchmark plunged 1,628.01 points, or 2.23 per cent, to settle at 71,500.76. The Nifty tanked 460.35 points or 2.09 per cent to settle at 21,571.95.
Global oil benchmark Brent crude climbed 0.26 per cent to USD 78.08 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 10,578.13 crore on Wednesday, according to exchange data.
Published Date:January 18, 2024 3:56 PM IST
Updated Date:January 18, 2024 3:56 PM IST
