Sensex falls by more than 300 points: Nifty also slips by more than 100 points, listing of SRM Contractor shares today

Sensex falls by more than 300 points: Nifty also slips by more than 100 points, listing of SRM Contractor shares today

A decline is being seen in the stock market today i.e. on 3rd April. Sensex is trading at the level of 73,600 with a fall of more than 300 points. At the same time, Nifty has also fallen by more than 100 points, it is trading at the level of 22,350. During early trading, out of 30 Sensex stocks, 26 were seen declining and 4 were rising. There is more decline in banking and financials. At the same time, buying is being seen in IT shares. SRM Contractor’s shares will be listed in the market today. Opportunity to invest in the IPO of Bharti Hexacom Limited from today. The initial public offering, i.e. IPO, of Bharti Airtel’s subsidiary company Bharti Hexacom Limited is opening for public subscription from today i.e. 3rd April. Retail investors will be able to bid for this IPO from April 3 to April 5. The company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on April 12. For this IPO, the retail investor will have to apply for a minimum of one lot i.e. 26 shares. The company has fixed the IPO price band at ₹542-₹570 per share. If you apply for 1 lot as per the upper price band of IPO of ₹ 570, then you will have to invest ₹ 14,820. Retail investors can bid for a maximum of 13 lots i.e. 338 shares, for which they will have to invest ₹192,660. There was a decline in the market yesterday. Earlier yesterday i.e. on March 2, there was a decline in the stock market. The Sensex closed at 73,903 with a fall of 110 points. There is also a decline of 8 points in Nifty, it closed at the level of 22,453.

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