The SE Sensex tumbled as much as 1,031.65 points or 1.35 per cent to settle at 76,347.26 and the NSE Nifty50 ended lower by 345.55 points or 1.47 per cent, at 23,085.95. Broader markets also mirrored the benchmarks as the Nifty Smallcap100, and Nifty Midcap100 indices declined by over 4 per cent each. All sectoral indices on the NSE platform ended in the red.
Of this, non-corporate tax — which includes taxes paid by individuals, Hindu Undivided Families, firms, bodies of individuals, associations of persons, local authorities, and artificial juridical persons — grew 21.6 per cent year-on-year (Y-o-Y) to Rs 8.7 trillion. That apart, the risk-reward balance for the Indian market is poor despite the recent correction, said Kotak Institutional Equities in a note.
That apart, Laxmi Dental IPO from the mainline section will enter the Day 2 of its subscription window, while Sat Kartar IPO in the SME section will enter the last day of its subscription windo and Barflex Polyfilms IPO will enter the Day 3 of its subscription window. In the previous trading session, the benchmark equity indices BSE Sensex and Nifty50 ended the week's first trading session lower, settling down by over 1 per cent each.
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