Paytm listing dampens market sentiment: Sensex loses 372 points
Stock markets will be closed today-Friday on Guru Nanak Jayanti (Gujarat News Correspondent) MUMBAI: Investors who invested in the historic Rs 12,000-crore mega IPO of Paytm-One2 Communications Ltd have been weeping tonight after the issue price of the shares was listed at a discount of Rs 3,150 per share. Sentiment was shattered by the low of Rs. High net worth investors and operators today hammered the stocks with signs of foreign funds-FPIs, FIIs exiting the Indian stock market with continued selling. Due to the tumultuous listing of Paytm-One 2 stocks, IT-software services, technology stocks witnessed massive profit booking today. The Sensex lost as much as 200 points in the last quarter of the day, hitting a record low of Rs 800 a share, as the stock fell sharply in automobiles, power-capital goods, consumer durables, metal-mining stocks and oil-gas and realty stocks. 01 and Nifty Spot closed at 13.30, down 16.5 points at the end of the fall. Sensex stormed to the beginning of ...