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The S&P/ASX 200 closed 1% lower at 7,332.50 in its second straight session of fall, with tech stocks shedding 2.6% to hit their lowest in nearly eight months.

“From among the 60 odd IPOs that were launched, betting on Supriya Life, GR Infra and Devyani International.”

Tatva Chintan Pharma Chem Ltd., incorporated in the year 1996, is a Small Cap company (having a market cap of Rs 5757.71 Crore) operating in General sector.

The issue received applications for 1,67,36,075 shares so far against on offer 2,86,74,696 shares

A total of 18,243 shares changed hands on the counter till 12:49PM (IST)

The web3 revolution, backers say, promises the democratization of commerce and information by building a better internet on blockchain networks - distributed ledger systems that form the basis of Bitcoin and other cryptocurrencies. It theoretically would cut out traditional middlemen and gatekeepers, letting users transact directly and have a greater stake in the programs they use.

A total of 12,541 shares changed hands on the counter till 11:06AM (IST).

While price targets on the scrip do not look too bad, especially following the recent slide, analysts said upside could be capped for the stock near future amid a lack of positive triggers.

Promoters held 48.05 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 28.12 per cent and 11.33 per cent, respectively.

The rupee declined by 12 paise to 74.70 against the US dollar in opening trade on Wednesday, as muted domestic equities and elevated crude oil prices weighed on investor sentiments. At the interbank foreign exchange, the rupee opened weak at 74.70 against the US dollar, registering a decline of 12 paise from the last close.