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The Nifty Pharma index closed 1.03 per cent down at 13481.4.

Whether Paytm’s IPO will become a harbinger of bad times like RPower remains to be seen, but it sure should deflate the bubble in India’s IPO market till LIC comes knocking next March.

In the international market, gold was trading in the green at USD 1,869 per ounce and silver was flat at USD 25.09 per ounce.

The bank has issued and allotted Basel III compliant tier-II bonds at a coupon of 7.10 per cent per annum aggregating to Rs 1,919 crore on a private placement basis, it said in a BSE filing.

The consolidated net loss in the April-September period this year stood at Rs 984.9 crore. The company had registered a net loss of Rs 59.2 crore in the first half of the last fiscal.

“When I look at the past 18 months, the Covid period actually enabled us to land even better than what our pre-Covid momentum was. As we are getting out of the pandemic, the future looks quite promising, says CEO Sanjay Purohit.

The index has given a breakdown of the rising trend line and closed below 50-DMA, which suggests weakness in the next trading session, said Palak Kothari, Research Associate at Choice Broking.

“This is a bull market in metals. Make no mistake. All corrections in Tata Steel and Vedanta are buying opportunities.”

“Retail investors have to make sure they do not buy too much and diversify a lot more than they are doing right now.”

Amid a weak debut for Paytm and poor sentiments in the broader market, shares of other recently-listed companies also came under pressure.