Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
About 48.5 million shares, or 20 per cent of the shares on offer, are reserved for retail investors
Investors sought to book profits at attractive valuations after recent run up in last few trading sessions.
Union Budget 2014-15 is positive for metals and mining companies.
The broader markets also ended lower in line with the benchmark indices
BSE Realty index zoomed by almost 7% followed by counters like Metal, Oil & Gas, Auto, Banks, Auto, Healthcare and Power, all surging between 1-5%.
Investor confidence has evaporated amid fears over the rising cost of funding India's gaping current account deficit, prompting New Delhi to delay plans to raise much-needed funds through partial privatisations, finance ministry sources said.
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