D‑Street’s share price slid to Rs 1,763 on NSE, a 1.7% drop from the opening at Rs 1,785, and the first time it breached the IPO price of Rs 1,785. The decline is linked to a Rs 5.353‑crore net sell‑off by foreign portfolio investors (FPIs) in stocks, nearly matched by domestic funds’ net buying of Rs 5.189 crore.
Sensex closed 1.5% lower at 72,771 points, its weakest level since June, while Nifty fell 1.6% to 22,780 points, the lowest close since March 30. The rupee hovered near ₹96 per dollar and Brent crude surged to almost $100 a barrel amid heightened Gulf tensions.
On the day of its listing (24 Sept), D‑Street had touched an intraday high of Rs 1,878. Since then the stock has trended downward, closing below the IPO at Rs 1,763, a 1.7% decline. The day’s sell‑off also saw the BSE market cap shrink by about ₹7.5 lakh crore, bringing the total BSE cap to ₹474.4 lakh crore.
With domestic buying still active, the pressure from FPI outflows has not yet been fully absorbed. Market watchers will be watching forthcoming CPI data and RBI policy statements, as higher yields and a weaker rupee could further weigh on equities in the coming weeks.