Stock Market
Dalal Street drama: Sensex bleeds, BCCL party ends fast
Mumbai/IBNS: Indian equity benchmarks traded in the red on Monday morning, with the BSE Sensex plunging over 500 points and the NSE Nifty 50 slipping below the 25,550 mark in early deals, according to media reports.
Among major losers, RBL Bank Ltd. fell 7.20%, followed by Wipro Ltd. (-6.75%), IDBI Bank Ltd. (-5.30%), Future Consumer Ltd. (-5.01%) and Mangalore Refinery and Petrochemicals Ltd. (-4.34%).
On the gaining side, Jindal Saw Ltd. surged 14.46%, while Welspun Corp. Ltd. (4.95%), InterGlobe Aviation Ltd. (3.59%), Tech Mahindra Ltd. (3.40%) and Hindustan Zinc Ltd. (3.29%) also traded higher.
Meanwhile, Bharat Coking Coal shares slipped nearly 7% after their stellar market debut, where the stock had listed at a hefty premium over the IPO price.
The scrip was listed on both the NSE and BSE at almost double the issue price. On the NSE, shares opened at Rs 45 against the issue price of Rs 23, reflecting a 97 percent premium. On the BSE, the stock debuted at Rs 45.21, marking a similar gain.
The listing marked one of the strongest first-day performances by an IPO in recent Indian markets.
The public issue had drawn overwhelming investor interest, being oversubscribed around 147 times overall, with over 90 lakh applications—among the largest responses seen in 2026. Demand was robust across retail, non-institutional and institutional investor categories.
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