BSE share price falls 3% - Is it impact of NSE IPO price band announcement? Experts decode
Stock market today, Sept. 11 -- After snapping a two-day losing streak on Thursday, BSE shares once again came under selling pressure on Friday. BSE share price today opened lower at Rs.3,280 apiece and hit an intraday low of Rs.3,193.20, losing around 3% during Friday's trading. BSE shares have been under pressure throughout the month, but witnessed some value buying on Thursday.
According to stock market experts, the BSE shares are under pressure due to the NSE IPO. They said that the NSE IPO has been making headlines for the last month, and there have been talks about the Rs.30,000 mega IPO entering the Indian primary market. Due to these valuations, the BSE stock became overvalued, triggering selling in BSE shares. However, they main...
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