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Markets Turn Choppy As Nifty Slips Below 22700 While Jio RHP Broadcast Begins
M
Moneycontrol•15-10-2026, 16:39
Markets Turn Choppy As Nifty Slips Below 22700 While Jio RHP Broadcast Begins
- •Markets turned choppy in the afternoon session as the Nifty slipped below the 22700 mark and the Sensex dropped about 400 points from the day high.
- •Banking, auto and pharma stocks came under pressure, while FMCG and oil and gas sectors witnessed buying interest.
- •Canara Bank jumped 3 percent and BHEL soared 4 percent following their upbeat Q2 financial results.
- •Tata Consumer, Infosys and Nestle emerged as the top gainers on the Nifty 50 index.
- •The Indian rupee rebounded to a one-month high while Brent crude hovered above 106 dollars a barrel.
Key Questions Answered
The Jio Platforms IPO price band is set at ₹1,065 to ₹1,119 per equity share with a face value of ₹10, and the minimum bid size for retail investors is 12 shares per lot. At the upper price band, investors will need to invest a minimum of ₹13,428 for one lot.
The public subscription for the Jio Platforms IPO opens on October 21 and closes on October 23, 2026. Meanwhile, the bidding period for anchor investors is scheduled to begin on Monday, October 19, 2026.
Eligible Reliance Industries shareholders have a special reserved quota of up to ₹2,500 crore worth of equity shares in the IPO. Additionally, eligible employees receive a ₹54 discount per share under a ₹500 crore employee reservation portion.
