SENSEX opens 200 pts lower, NIFTY holds 25,000; SBI slips 2%, Bajaj Finance up 1%

As indicated by GIFT Nifty futures, the domestic equity market opened in the red on Friday, September 6, amid selling in telecom and banking stocks.

At 09:21 AM, the S&P BSE SENSEX was trading at 82,014.46 levels, down 187 points, or 0.23%, while the NSE's NIFTY was quoting 44 points, or 0.17%, lower at 25,101.20.

On the other hand, Bajaj Finance twins (both over 1%) were the top gainers.

BUZZING STOCKS

Indigo Paints was down over 3.5% amid reports that Peak Partners will sell a 11% stake in Indigo Paints via block deals. The offer price is set at ₹1,470 per share, which is at a 4.6% discount to the last traded price. The offer size is reported to be ₹770 crore.

Matrimony.com was trading over 1.7% higher at ₹818 on the BSE after the company's board approved a share buyback programme valued at ₹72 crore. The company will buy back up to 7 lakh equity shares, representing 24.85% of its total equity capital.

In the broader market, the BSE MidCap index was trading 0.42% higher at 49,197.29 levels, while the BSE SmallCap index was ruling 0.73% higher at 56,934.22 points.