Stock Market Today: Nifty, Sensex Extend Slump For Second Session As Banking Stocks Weigh

• Rupee closed around 20 paise stronger at 89.88 against US Dollar.

• It closed at 90.09 a dollar on Monday.

Source: Bloomberg

Benchmarks underperformed Broader market Indices

Benchmarks fall for the 2nd consecutive day

Asian paints and Tech Mahindra are the top losers in Nifty

Nifty IT and Auto drag the gains in Nifty

Nifty IT decline the most among the sectoral indices

Coforge and Tech Mahindra fall the most in Nifty IT

Broader Market indices witnessed a healthy recovery

Steamhouse India Ltd., an industrial steam and gas supplier, has submitted its updated draft red herring prospectus to the Securities and Exchange Board of India for its initial public offering.

The proposed IPO size is Rs 425 crore, comprising a fresh issue of equity shares worth Rs 345 crore and an offer for sale of shares aggregating up to Rs 80 crore by promoter Vishal Sanwarprasad Budhia, according to the UDRHP.

Zepto has hastened the quick commerce business in India by introducing the 10-minute delivery schedule. While it did kickstart the sector, as many as ten players jumped into the bandwagon. Many also faded as fast as they entered, leaving the sector with Blinkit (Zomato/Eternal), Instamart (Swiggy) and Zepto.

But can Zepto also contend with larger players entering at a quicker pace? Read the story linked below to find out.

The company signs a pact for Rs 806 crore order to develop 200 MW/400 MWh battery energy storage systems in Gujarat.

Source: Exchange Filing