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Indian benchmark indices fell sharply on Thursday, dragged down by the Adani Group stocks. The Nifty closed below its 200-DMA, indicating weak sentiment. Short-term support is at 23,200, and resistance is at 23,550. A break below 23,200 could trigger a further correction.

Crizac and Belrise Industries have filed DRHPs for their IPOs. Crizac, a student recruitment solutions provider, aims to raise Rs 841 crore through an OFS. Belrise Industries, an automotive component manufacturer, plans to raise Rs 2,150 crore through a fresh issue to repay debt.

Gold prices jumped Rs 1,400 to Rs 79,300 per 10 grams in the national capital on Thursday due to fresh buying by jewellers and retailers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 77,900 per 10 grams in the previous session.

NSE Investments will sell up to 20.31% stake in Protean eGov Technologies via an OFS. The floor price is set at Rs 1,550. The OFS will open for non-retail investors on Friday and for retail investors on Monday. NSE Investments is a wholly-owned subsidiary of NSE.

Enviro Infra Engineers, which is involved in the development of turnkey projects of sewage treatment plants and sewerage system, on Thursday collected around Rs 195 crore from anchor investors, a day before its initial share sale opening for public subscription.

The Nifty Bank index closed 0.5 per cent at 50372.90.

NSE and BSE refuted claims of removing 1,010 stocks from the MTF list. The MTF eligibility list is updated monthly based on objective criteria like liquidity. The exchanges clarified that the acceptance of collateral follows a risk-based approach to ensure efficient clearing and settlement processes.

Markets regulator Sebi on Thursday abolished the requirement of a mandatory security deposit with the exchanges before a public issue in a bid to facilitate ease of doing business for issuer companies. The move will be applicable with immediate effect, the Securities and Exchange Board of India (Sebi) said in a circular.