Stock market opens in the red on Friday, September 6, as indicated by GIFT Nifty futures, with declines in telecom and banking sectors. By 09:21 AM, the S&P BSE SENSEX was down 187 points, or 0.23%, at 82,014.46, while the NSE NIFTY fell 44 points, or 0.17%, to 25,101.20.
Among the major losers on the SENSEX, SBI dropped nearly 2%, followed by NTPC with a decline of around 1%, and UltraTech Cement, which fell 0.8%. In contrast, Bajaj Finance stocks were among the top gainers, both seeing gains of over 1%.
In notable stock movements, Indigo Paints saw a significant dip of over 3.5% due to reports that Peak Partners is selling an 11% stake in the company through block deals. The shares are being offered at ₹1,470 each, a 4.6% discount from the last traded price, with a total offer size of ₹770 crore.
Matrimony.com experienced a rise of over 1.7% to ₹818 on the BSE after its board approved a share buyback program valued at ₹72 crore. The company plans to repurchase up to 7 lakh equity shares, accounting for 24.85% of its total equity.
In the broader market, the BSE MidCap index was up 0.42% at 49,197.29, and the BSE SmallCap index saw a 0.73% increase, reaching 56,934.22 points.