ITC was the top laggard in the Sensex pack, tanking 6.97 per cent, followed by L&T, HDFC, SBI, ONGC, ICICI Bank and IndusInd Bank.
While experts' views are divided, the move is aimed at improving the coordination between the government and the regulator.
Bids for the issue, which opens on January 23 and closes on January 25, can be made for a minimum of 18 shares and in multiples of 18 thereafter.
"Fitch Ratings has placed Punjab National Bank's (PNB) Viability Rating of 'bb' on Rating Watch Negative (RWN), following the large fraud reported by PNB," the US-based agency said in a statement.
The shares - close to 30% of the total holding - are expected to list on rival National Stock Exchange on or around February 3.
Russia has been grappling with sanctions slapped by the US and its allies over Moscow's invasion of Crimea.
Stock market investors are betting that a new government led by Modi will be able to cut red tape and revive economic growth
Experts said the 20 per cent drop in the market poses a challenge for companies that have set the ball rolling on their IPO plans as valuations will now have to realign. This could entail more dilution or lowering of the issue size.
Top sources in the Union finance ministry said on Wednesday that the government does not see any payment related problems in the Indian capital market because of the financial turbulence in the United States and other markets.
The report expects the inflation framework, fiscal consolidation, infrastructure spending, FDI focus and strong external affairs policies to continue.
In the past two months alone, four companies have garnered a cumulative Rs 22,400 crore via this route.
With at least three IPOs in the offing this year, stock market investors have a lot to look forward to.
The McKinsey report said faster employment growth at 12 million non-farm jobs annually is needed in the post-Covid period till 2029-30, up from just four million created each year between 2012 and 2018.
The Sebi chief said the exchange board has taken a number of measures in recent past.
At issue size of Rs 10,355 cr, the offering will be Asia's biggest this year and fifth-largest domestically.
However, the Indian capital markets regulator rejected the claim saying it neither received any such request, nor provided any such information to the concerned department in Antigua.
Infosys said it is also "aware of a securities class action lawsuit" that has been filed against the company in a federal court in the US, based on the generalised allegations in the anonymous complaints. The company intends to defend itself vigorously in such a lawsuit.
Two associations representing pilots and engineers have written to SBI chairman Rajnish Kumar proposing that they would take over the airline and can bring in up to Rs 7,000 crore.
Top losers in the Sensex pack included M&M, SBI, Yes Bank, Asian Paints, HDFC, Tata Steel and L&T, shedding up to 2.55 per cent. The broader NSE Nifty settled 79.80 points, or 0.72 per cent, down at 10,996.10.
Indian bankers are fearful that going out of their way to save Jet could lead to subsequent harassment from investigative agencies.
Huge inflow thanks to low inflation levels and RBI rate cut
India has received nearly Rs 30,000 crore worth of FDI in the private sector insurance firms since 2015, when the government had increased FDI limit from 26 per cent to 49 per cent. Investment under the automatic route does not require prior approval from the government.
The Survey also said that the borrowings by banks have increased significantly.
The mega real estate loan scam could delay the initial public offers of over half a dozen real estate developers because of poor investor sentiment, said bankers and analysts tracking the sector.
BSE, the oldest stock exchange in Asia, aims to raise up to Rs 1,243 crore from the IPO, which has a price band of Rs 805-806 per share.
The Chairman of Securities and Exchange Board of India (SEBI) C B Bhave on Friday alerted investors about the risky capital market.
According to PRIME Database, there are nine companies with active buyback programmes of Rs 8,605 crore. Among these, Infosys's share repurchase programme is the biggest at Rs 8,260 crore.
The pre-Budget annual report card on the state of the economy, which was tabled in Parliament on Friday, said the capital markets performed well in 2010, with a record quantum of funds raised in the primary market and the highest-ever levels being reached in the secondary market also.
Overall forex market sentiment suffered a sudden reversal of fortune contrary to expectation largely moving in line with local equities, reversing all early strong gains.
With an investment of $4.78 billion in November, the total inflows of foreign institutional investors so far in 2010 have crossed record $38.76 billion-mark.
Fund raising by Indian companies through the offshore debt market is expected to rise in 2015.
The objective of the visit is to grow business relations between the two countries, following Prime Minister Narendra Modi's visit to Japan
Forex traders said a stronger dollar also dragged the rupee down.
The current episode highlights the structural vulnerabilities in the liquidity management practices of Indian NBFIs
'The CEO will neither be able to guide the senior team in operational matters nor decide on their appointment, compensation or removal.' 'Yet, the CEO is responsible for the profit and loss of the bank!' 'Why would the senior executives listen to him?' 'Which self-respecting professional would want to be a CEO with these constraints?' asks Tamal Bandyopadhyay.
India Inc on Monday said that the Interim Budget was 'absolutely' up to the expectations.
Investors say they see large companies going through the grind, as their promoters struggle with liquidity because they are levered up at the holding company level and are starting to get margin calls thanks to the crashes in the stock market, and in the next six months, the targets that will come up for PE companies will make for a harvest season like never before.
Although engulfed with challenges, equity capitalisation in India has grown over six fold.
HDFC Bank, the country's second largest private sector bank, has sought time from the central bank till March 2008 to bring down its capital market exposure within permissible limits.
'Investors should reduce cash gradually and look for value investing.'
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