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stock market turmoil as major companies hit 52 week lows
On January 13, 2025, the stock market faced significant pressure, with 295 securities hitting 52-week lows. Notable declines included Life Insurance Corporation (LIC) at ₹823.7, Adani Wilmar at ₹267.1, Olectra Greentech at ₹1,268.1, and Tata Steel at ₹124.18, amid various industry challenges and competitive pressures. The NIFTY 50 index fell 1.06%, while the BSE SENSEX dropped 0.93%, reflecting widespread losses across sectoral indices.
market turmoil as sensex plunges and new ipos gain traction
Transrail Lighting's IPO, valued at Rs 839 crore, was fully subscribed by Day 2, with a listing set for December 27. Meanwhile, the stock market faced significant losses, with the SENSEX plunging over 900 points, driven by declines in IT stocks and profit booking in Mobikwik shares after a recent rally. Other IPOs, including Mamata Machinery and Concord Enviro Systems, showed strong subscription rates, reflecting robust investor interest.
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