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Indian Markets Rattle as Stock-Specific Moves Define Volatile Session

Mid-cap mutual funds outperform while stock splits, earnings misses, and large contracts shape trading dynamics.

Overview

  • Ather Energy shares fell over 3% below their IPO price after listing at a premium, reflecting investor concerns.
  • Mid-cap mutual funds have delivered strong returns despite broader market fluctuations, highlighting selective resilience.
  • Titagarh Rail Systems shares declined 5% today, marking a 37% year-to-date drop, signaling continued underperformance.
  • Patel Engineering secured a ₹1,318.89 crore contract from CIDCO for Kondhane Dam construction, boosting its order book.
  • SEBI approved IPOs for four companies, including Ajay Poly and Laxmi India Finance, signaling upcoming investment opportunities.