Sensex falls by more than 500 points: It is trading at 72,100 level, Tata Motors shares fall by 8%

A decline is being seen in the stock market on the first trading day of the week i.e. today, Monday, May 13. Sensex is trading at the level of 72,100 with a fall of more than 500 points. At the same time, Nifty has also fallen by more than 150 points, it is trading at the level of 21,900. During early trading, out of 30 Sensex stocks, 23 were seen declining and 7 were rising. Tata Motors shares are down 8% today. 3 reasons for the decline in the market. IPO of Go Digit General Insurance will open on May 15. The initial public offer i.e. IPO of Bengaluru-based insurtech start-up Go Digit General Insurance will open for public subscription on May 15. Retail investors will be able to bid for this IPO till May 17. For this IPO, the retail investor will have to apply for a minimum of one lot i.e. 55 shares. The company has fixed the IPO price band at ₹258-₹272 per share. There was an increase in the market on Friday. Earlier on Friday i.e. on May 10, there was a rise in the stock market. The Sensex closed at the level of 72,664 with a gain of 260 points. At the same time, Nifty also saw a rise of 97 points, it closed at the level of 22,055.

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